Secondhand values of 1,100 teu boxships seem to have fallen 40% in the last three months, with two vessels changing hands over the last week at levels around $6m.
Brokers reported German company Hansa Treuhand has sold the 1992-built, 1,012 teu Major to Esmeralda Shipping for $6.2m and Marlink Schiffahrtskontor, another small German shipowner, is currently in the process of finalising the sale of its 1996-built, 1,100 teu Merkur for a price around $6.5m.
London-based Gibson said the Merkur had been committed for sale with another buyer back in May for $10m, which subsequently failed. This illustrated how values for 1990s-built feeder vessels had weakened in recent months, it said in its weekly sale and purchase report.