Asset values halve and are tipped to fall further as charter market begins to crumble. The container ship secondhand market has staged a sharp recovery, with prices dropping between 50% and 75% compared with a year ago. Weaker fundamentals in the charter and freight markets mean further declines are likely over the coming months, according to Alphaliner. The boxship market saw 185 deals of more than 600,000 teu in the first half of the year, the analyst said — nearly double the volume of the previous six months. MSC Mediterranean Shipping Company was far and away the most active buyer, snapping up 27 units equivalent to 142,000 teu, amounting to nearly one-quarter of capacity sold in the first half. The Geneva-based carrier has emerged... View more
