BIMCO’s latest Shipping Number of the Week highlights a growing overhang in container ship recycling, estimated at a minimum of 500 ships or 1.8 million TEU, according to Chief Shipping Analyst Niels Rasmussen. “So far this year, only 10 container ships have been recycled,” Rasmussen notes. “This continues a trend of low recycling activity since […] The post BIMCO: Container ship recycling overhang hits 1.8 million TEU appeared first on Container News .