Faced with decreasing revenues and a lack of passengers during the global COVID-19 pandemic, some cruise line operators are taking an unpopular but necessary step: selling off their ships or taking them out of service and recycling them.

Most modern cruise vessels have service lives of 40 years or more. It is not uncommon to see cruise ships built in the 1970s and 1980’s go to the breakers. Older vessels are often sold first to another, smaller cruise operator — a market that is often referred to as “second-hand tonnage.” However, due to the coronavirus pandemic, you can see now relatively young vessels to be sold or scrapped, as the cruise lines are looking to trim operational costs.