Sale and purchase activity in the container ship market declined sharply in the third quarter but prices remain on a rising trend, with owners chasing a smaller pool of available assets.
Sales volumes fell sharply in the July-September period, with ’just’ 103 ships of 380,000 teu sold.
It is a significant drop from the 170 ships of 625,000 teu which changed hands in the second quarter, with June now marking the peak of the cycle with a record-breaking 73 #vessels sold in a month.
Mirroring the general trend, the market’s top buyer, MSC, also slowed its purchases in the latest quarter, snapping up a total of 26 #ships of 111,000 teu, versus 40 units totalling 161,150 teu in the previous quarter.
Source: Alphaliner
