Second Hand Tonnage

2020 On Track To Exceed 2019 Ship Sales?

According to a recent article published in Splash 247, 2020 could be on track to exceed ship sales seen in 2019.

Secondhand tonnage prices

Secondhand containerships are fetching high prices and charter rates too have gone high in the chaotic pandemic year.

According to Alphaliner, boxship sales have surged back to pre-Covid-19 levels. 22 ships were sold per month in the third quarter. 

2020 could be on track to exceed ship sales seen in 2019, the box shipping analysts noted.

Classic panamaxes have...

https://mfame.guru/2020-on-track-to-exceed-2019-ship-sales/

MSC on ‘Massive Buying Spree’ Amid Surging Charter Rates

  • Containership S&P activities dominate the week’s transactions with many ships changing hands, and freight and charter rates surging.
  • Mediterranean Shipping has embarked on a massive buying spree of secondhand containerships with the purchase of six German boxships for an en bloc price of $158m.
  • MSC has reportedly purchased the boxship Baltic East for $12m while Braemar ACM links MSC with the acquisition of the 5,624 teu boxship Greenwich Bridge.
  • The secondhand bulker sale and purchase market...

https://mfame.guru/msc-on-massive-buying-spree-amid-surging-charter-rates/

Increased COVID19 Uncertainty Leads To Second Hand Tonnage Boom

The familiar theme of the year so far, repeated itself for yet another week. Shipowners opted for more dry bulk second-hand tonnage, as the current conditions of increased uncertainty, certainly don’t favor any kind of long-term investment, reports Hellenic Shipping News.

In its latest weekly report, shipbroker Allied Shipbroking noted that it was “a very active week for the dry bulk market, with a remarkable number of units changing hands. The improved sentiment and the current freight rate...

https://mfame.guru/increased-covid19-uncertainty-leads-to-second-hand-tonnage-boom/