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Home Shipping Trends

Boxship Sale and Purchase market smashes all records in 2021

Editor by Editor
2 years ago
Reading Time: 1 min read
Boxship Sale and Purchase market smashes all records in 2021
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The number of cellular container vessels changing hands reached an all-time high in 2021 after ship owners appeared willing to pay almost any price to secure tonnage in the frenetic post-COVID market.

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A total of 572 container ships were sold during the year, equivalent to a breathtaking 1.94 Mteu, the first time annual sales have exceeded 1.6 Mteu.

The year set new records both by teu volume and number of deals. In the short to medium-term, operators’ faith in the S&P market appears to have been rewarded, as forecasts for a market correction have been repeatedly kicked down the road.

A growing consensus now suggests the current supply chain chaos will last at least throughout 2022 which may even justify purchases with delivery deferred to this year.

Source: Alphaliner

Tags: Alphalinerglobal shipping fleetglobal tradeshipping routes
Editor

Editor

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