SOARING freight rates and surging charter markets have sent secondhand box ship prices to new peaks, according to London's Clarkson Research.
A 10-year-old 4,500-TEU panamax that would have sold for US$9.5 million in June 2020 recently fetched $60 million, reports Colchester's Seatrade Maritime News.
Clarkson revealed that strong markets in containers and dry bulk have pushed the ClarkSea Index to its highest level since 2008. But the bull run was not evident across all markets.
Tanker owners have taken advantage of robust scrapping recycling markets which have not suffered their usual seasonal decline with the monsoons.
Bangladeshi breakers lead demand, offering $600/ldt followed by Indian recyclers while Pakistani yards offer much the same.
Clarkson's recycling index has risen 114 per cent year on year, on the back of rising steel prices and limited tonnage supply. But recycling prices could have reached their peak, partly as a result of a surge in the Covid Delta variant which threatens renewed lockdowns.
https://www.shippingazette.com/menu.asp?encode=eng
|
Back:
Next:
