Destination: Southampton, UK
Previous port of call: Montreal, Canada


https://theloadstar.com/hapag-lloyd-kicks-off-its-ship-demolition-programme/
Hapag-Lloyd kicks off its ship demolition programme
02/06/2023
Hapag-Lloyd has sold three elderly ships for demolition, sticking to a plan outlined in last month’s earnings call.

Singapore’s Wirana Shipping Corp, which acquires old vessels for recycling, said on Monday that Hapag-Lloyd had sold two 1998-built ships, 2,800 teu Mississauga Express and 2,992 teu Ottawa Express, and 1996-built 2,330 teu Milan Express for a total of $17.27m.

Wirana said the ships would be recycled in Turkey and fetched a good scrap price due to the “good amount of spare parts” on the ice-class vessels.

Boxship demolitions have resumed since late 2022, after freight rates began correcting to pre-Covid levels, although the pace has been slower than expected. Alphaliner said today the sale of the three Hapag-Lloyd ships brings to 41 the number sold for demolition this year, for a total of 81,300 teu.

ADDENDUM
The following might explain why H-L sold these containerships to Wirana Shipping Corp for recycling purposes.

https://theloadstar.com/vessel-scrapping-spree-on-the-cards-after-eu-recycling-rule-change/
21/11/2023
Older ships are no longer being categorised as ‘waste’ for the purpose of EU law, meaning European-flagged ships can now legally be scrapped outside the EU.

Almost all vessels are scrapped in India, Pakistan or Bangladesh, but Turkey has been the only eligible scrapping destination for European shipowners, though it has few scrapyards and dry-docks sufficient to accommodate larger vessels.

Ships sold for scrap had been classified as “waste”, which prevented owners from legally exporting them to non-OECD countries, thanks to the stipulations of the Basel Convention.

EU owners traditionally got around this by selling to a cash buyer acting as a ‘shipowner-of-last-resort’, such as GMS, whose appetite for purchasing vessels for scrap was dependent on market conditions.

European owners will now be able to sell their ships to scrapyards directly, provided they are EU-approved. Currently the only yards approved outside Europe are eight in Turkey and one in the US, but the EU-approved list could expand in due course.

And the move potentially opens the floodgates for a wave of scrapping, broadly forecast by shipping analysts since the end of 2022 following the delivery of so many newbuild vessels, the subsequent overcapacity and a number of vessels expected to fall foul of the IMO’s tighter carbon emission regulations.

https://www.wirana.com/
Wirana Shipping Corporation
Wirana is the oldest and one of the largest Cash Buyer of ships in the world with more than 35 years of experience. Our company is proudly engaged in green ship recycling as a process of ship demolition & tankers recycling and rigs recycling. It has dealt in more than 88 million DWT made up of more than 2700 vessels. Over last one and half decades average annual dealing has been about 100 -150 vessels of various types and sizes.