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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.

Photo: Hamburg Süd
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.

Most recently Maersk Line has returned 14 container ships of 3,600 to 4,200 teu to their owner, a German KG fund.

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