Yes, that's a good point too, Capt.
Brgds
Phil

Phil
and don,t forget one thing,, Owners agreed to lay up ships, each one a certain amount of their fleet to narrow the field, some owners might therefore even quicker adopt the scrapping option instead of having still costs to shoulder for mothballing them
brgds
capt ted

Yes, that's right Aleksi. Demolition prices are on a downward trend, but, historically, remain fairly high (mid-high $300s per LDT). With second-hand prices also on the slide the price differential between scrap and second hand prices are not that great, so you can see why owners are choosing to sell for demolition.
Brgds
Phil

Indeed Phil and when you think how low the scrap prices are now, it's even more surprising it's still more economically wise to sell this young ships for scrap rather than keep them in service...

Cheers, Aleksi

It might seem suprising Tuomas, but the current state of the shipping markets tell the story. Feeder containerships such as this are fetching around $5,000/day in the charter market. They were earning twice as much a year ago. With huge numbers of new ships coming into the fleet over the past 2-3 years, something has to give!
Brgds
Phil

It's quite surprising that even ships this young are already sailing to the breakers...