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Interesting. Though it seems odd to scrap them when there are still two perfectly-workable shipping lanes that they'll fit through
by tomc1985 10y ago
Interesting. Though it seems odd to scrap them when there are still two perfectly-workable shipping lanes that they'll fit through
- CapitalistCartr 10y agoThe operating cost per TEU is inversely proportional to ship size. New container ships are 17, 18, 19 thousand TEU behemoths. Even the New Panamax ships are 13,000 TEU.
- JacobAldridge 10y agoThanks for adding that detail - the size of the New Panamax ships was one piece of information missing from the article that would have helped with perspective.
- pchristensen 10y agoIn the article, it said that the market price for shipping capacity has dropped by 60+% in the last 2 yrs, dropping below the operating cost for the ships. Also, not all the ships are being scrapped, but there will be lower demand for Panamax sized ships once New Panamax capacity comes online.
- hristov 10y agoI don't think the issue is availability of shipping lanes. I think the issue is that they will be no longer economical to operate those ships when the new panama canal will allow ships that have twice the useful load to go through.
- deleted 10y ago[deleted]