Boxship prices are to fall in 2012 as the sector is suffers from oversupply and global economic difficulties, DVB Bank forecast.
Newbuilding prices will slump by close to one tenth while secondhand ships will see their price tags sliced by more than 15%, according to the bank’s latest update on the sector.
“Newbuilding prices of container vessels have started falling since the second half of 2011 and are expected to remain suppressed in the next couple of years,” DVB said.
“The downward pressure on newbuilding prices will filter down to second hand values, restricting their potential upside in a recovery.”
New vessel prices will see the largest drop at the bottom end of the size range, with the cost of a 700-teu vessel slipping 11% between this year and next, the bank says.
Panamax newbuilding tags will come down by over 8% to $51.6m, while a new post-panamax will cost 7.7% less at $67.2m in 2012, DVB believes.
An 8,100-teu super post-panamax will came in nearly 6% cheaper at $88m in 2012, according to the report.
On the secondhand side, panamaxes will feel the most pain with a five-year-old 4,300-teu vessel costing $36.2m in 2012, down more than 20%.
A post-panamax of the same vintage will slump in value by 16% from 2011 levels and a five-year-old super post-panamax is estimated at $64.9m in 2012, down 14.5% on 2011 levels, DVB says.