However the high rate of demolition is still not enough tocancel out the arrival of new tonnage, according to Alphaliner.

Owners have demolished 93 vessels already this year and ifthe current rate continues, 2013 is likely to see 450,000-teu binned.

That would obliterate the previous record of 381,000-teu setin 2009.

But close to 500,000-teu was delivered in the first fourmonths of the year, outpacing the capacity scrapped by a ratio of 3-to-1,Alphaliner says.

And