The number of cellular container vessels sold in the second hand market declined for the second year running in 2023 to a total of 285 ships of 934,523 teu.
After a record year for second hand transactions in 2021, demand from potential buyers has been impacted by the enormous pipeline of newbuilding tonnage, which began in earnest from mid-2023, as well as the implementation of IMO’s new CII regulation.
Broadly speaking, the latter is expected to render older, smaller and less energy efficient ships increasingly expensive to operate, reducing their value and deployment potential.
Source: Alphaliner
