Prices on Panamax container ships plummet
Owners of container ships that Maersk Line and other carriers are returning on a large scale these years, especially to German KG companies, could be left holding unemployed ships with low sale prices.
BY OLE ANDERSEN
Chronic overcapacity, further strengthened by a steady flow of ships being returned to their owners when contracts expire, help keep charter rates for Panamax container ships - approx. 3,400 to 4,500 teu - all the way down.
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