Renewal pressure: World shipping fleet has aged 2.5 years in a decade as newbuilding slows

Lower levels of scrapping also mean 14 percent of ships are more than 20 years old.

Sarah Holden says that In the short term, the average age of vessels is likely to climb.
Sarah Holden says that In the short term, the average age of vessels is likely to climb.Photo: LinkedIn
Published 8 March 2023, 14:12Updated 8 March 2023, 14:12
ShippingContainer shipping crisis