New containerships’ value dropped as much as 31 percent since April because of falling hire costs and cooling economies, according to Seasure Shipping Ltd.
Post-panamax vessels that are too large to navigate the Panama Canal are worth $73.2 million, below a peak of $106 million on April 13, according to Seasure’s VesselsValue.com unit.
It tracked the value of the global fleet of 4,767 container vessels from the beginning of 2009. New post-panamaxes were worth the least in May 2009 at $45.9 million.
The drop followed market indexes that peaked in April before sliding on concern slower economic growth may curb demand for consumer goods.