News / Older box ships enjoying a busy 'last summer' before new emission rules

MSC Lucia Source Vesselfinder

Continued strong demand for container tonnage has resulted in many sizes now being totally ‘sold out’ and their resulting soaring asset values decimating vessel scrapping in the sector.

Shipowners, struggling to obtain $4,000 a day for an elderly fuel-guzzling panamax ship five years ago could now fix the same ship for three-five years at a fixed-rate daily hire in excess of $50,000.

And today that ageing 5,000 teu panamax could have a sale price at least five times its $12m scrap value

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