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Box ship sales fall sharply, but prices continue to rise
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Posttime:2022-03-21
SALE and purchase activity in the containership market declined sharply in the third quarter but prices continued to rise, with owners chasing a smaller pool of available assets, reports Paris-based Alphaliner.
Sales volumes also fell sharply in the July-September period, with only 103 ships of 380,000 TEU sold.
It is a significant drop from the 170 ships of 625,000 TEU which changed hands in the second quarter, with June now marking the peak of the cycle with a record-breaking 73 vessels sold in a month.
Mirroring the general trend, the market's top buyer, MSC, also slowed its purchases in the latest quarter, snapping up a total of 26 ships of 111,000 TEU, versus 40 units totalling 161,150 TEU in the previous quarter.
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