Scrapping of containerships sank to the lowest level in seven years in 2018, new data shows.

Total capacity of 111,200 teu was taken out of the market last year, well down on the 427,000 teu demolished in 2017, according to Alphaliner.

The 2018 demolition tally included only 10 vessels in the 3,000 to 6,000 teu range.

The figure fell short of the 1.3