Second-hand vessel sales for containerships has nosedived in the midst of the current Covid-19 crisis with just 46 ships having changed hands from 1 January to 30 April, compared to 125 in the first four months of last year, according to Athens-based broker Allied Shipping.
London-based broker Braemar says that “charter rates continue to be squeezed by the lack of fixing opportunities from liner companies”, and so it is no surprise that asset values are starting to soften.
Both the...
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