The ship owner stores an older ship for more
SThe hip owner has been guarding even an outdated ship from scrapping so far this year, because the cash flow they produce is very significant. In his latest weekly report, Shipbroker Xclusiv said that “Ship demolition activities for the past five years revealed the cycle trend but narrowed, with 2025 stand out because of its low absolute number, even though it only included the first eight months. From 2020 to 2025, annual regulations, and 2020, 2020, and 2020, and regulations formed by 2020. Ships were canceled. One of the lightest years of this decade.
Source: Xclusiv
According to the ship, “With segments, tankers showed an inconsistent rhythm. Of the 179 units in 2021, it disappeared only 11 in 2024, underlining how quickly the sentiment changes when the transportation market and the smaller asset value. In 2025, 28 tankers had passed, suggested some of the release of older tonnage, especially. 0.7% of their fleet) is simple compared to 144 in 2020. Values of high used goods and continuous demand for vintage ships continue to slow down the release of older cargo.
The dismantling of containers, on the other hand, has collapsed: so far only eight units in 2025 (0.10% of the fleet) compared to 81-82 in 2020 and 2023. With the tariff of goods supported by the transfer of red sea and healthy profits, the owner prefers to extend the life of older ships than old former. The gas operator shows a contrasting wealth. LNG scrapping is getting faster, with 10 units have been recycled in 2025 (1.2% of the fleet), exceeding a total of full year most of the previous year. This is driven by a modern LNG tonnage flood in the order, which makes units older, smaller, and less efficient without charter opportunities. Taking LPG, on the contrary, still subdued: only five ships so far this year (0.6% of the fleet), down from 23 in 2021. Strong LPG trading and the use of high fleet remain active actively “.
Source: Xclusiv
“In short, the demolition speed in 2025 reflects the strong asset market in most sectors. Cashflow guards the owners of units that are even obsolete, even if the aging profile shows a recycled wave that is eventually in the front, the exception that can be seen well. Sharp Modern “, Xclusiv was confirmed.
Nikos Roussanoglou, Hellenic Shipping News worldwide
