DESPITE the rising price trend with owners chasing a smaller pool of available assets, sale and purchase activity in the container ship market has declined sharply in the third quarter, according to Alphaliner, reports Global Marine Hub of Paris.
Sales volumes fell sharply in the July-September period, with 'just' 103 ships with a total capacity 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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