News / MSC's second-hand ship shopping spree continues despite declining vessel values

Photo: VesselFinder

Reports this week that MSC has purchased the 2013-built 9,403 teu Joseph Schulte for a price of around $55m confirmed that the top-ranked carrier has not lost its appetite for acquiring second-hand container tonnage.

The post-panamax container vessel was trapped in the port of Odessa, Ukraine after Russia invaded its neighbour in February 2022 and was finally released on 16 August this year.

According to Alphaliner, MSC purchased the ship from the vessel’s insurers trumping rival CMA CGM in the bidding process.

The ...