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Over 15,000 ships could be recycled by 2032: BIMCO
Historically, about 50% capacity has been recycled by the time the ships have been 25 years old and 90% by 30-35 years
Order book of 7.54mn TEUs signals significant change: BIMCO
Scheduled deliveries for 2024 and the remainder of 2023 are currently at 5.03 million TEUs