Deferred scrapping leaves container sector with growing pool of elderly boxships

• The global containership fleet is continuing to age as strong freight markets and diversions encourage owners to keep older vessels trading
• The prolonged disruption to Red Sea and Suez Canal shipping, together with port congestion has increased vessel demand and helped older tonnage remain commercially viable
• The wider effect of a gradual return to Suez would reduce this additional demand and make many vintage ships surplus