Boxship duo and ropax ferry exit fleet amid subdued recycling market
- Ship recycling activity remains muted across most sectors due to limited tonnage availability
- Boxship scrap sales in January included the fire-damaged 4,252 teu Wan Hai 503
- CMA CGM subsidiary La Méridionale has sold the 33-year-old ropax Kalliste to Turkish ship recyclers
Ship recycling is expected to stay subdued until freight rate downturns significantly undermine older vessels’ commercial viability
