News / Vessel values plunge as container shipping sails into heavy seas

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Container shipowners are predicted to be in for one of the toughest years on record as vessel values continue to plummet, offering a key insight into see-sawing sea freight rates. Despite signs of a significant contraction in shipbuilding activity, it appears that the gap between container slot supply and demand for box transport will only widen.

According to Danish Ship Finance’s latest market review, the prognosis for the box trades appears to be unremittingly gloomy for most major deepsea carriers, and ...