CMA CGM will carry on investing after 'solid' Q1, despite unclear outlook
CMA CGM’s shipping line was exactly in line with the average market growth in Q1, ...
Photo 157834431 © Michael Williams | Dreamstime.com
By Mike Wackett
In an extremely tight tonnage market, the purchase price paid for many second-hand containerships is higher than their newbuild cost.
However, Alphaliner has warned of the risk of exposure for buyers when the market eventually turns bearish.
The consultant today reported that a record 572 container vessels, for 1.94m teu, changed ownership last year, of which MSC purchased almost a quarter – 132 ships for 453,000 teu.
This enabled MSC to overtake its 2M alliance partner, Maersk, to become the world’s biggest carrier ...
Comment on this article