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New Record! 10-year-old boxship sent for scrap
The Hermann Wulff becomes the youngest boxship to date this year to have been sent for scrap. Just 10-years-old, the 4,546 teu panamax is owned by Erste RHW Schiffahrts and flagged with Liberia. Panamax boxships have been sent en masse for scrapping this year as rates for this ship size in particular have faded away. Prior to the Hermann Wulff, the youngest boxships sent for recycling this year had been 13 years-old. Clarksons Research shows the German owner managed to gain a very decent $303 per ldt for the ship scrapping. http://splash247.com/10-year-old-boxship-sent-scrap/
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