Rickmers Marine Trust is scrapping the
youngest ever container ship sent for demolition. The India Rickmers is a seven
year old Panamax, 4,250 TEU ship built in China in 2009.
VesselsValue values the vessel at $5.87
million, just above scrap. In 2016, the vessel fell 62 percent in value. This
year the average change in value in the container ship sector is -26 percent.
The main reason for this is that these
vessels are becoming defunct now that the Panama Canal has been widened.
Panamax container ships built in 2009 have dropped in value by two thirds over
the last couple of years.
Rickmers Marine Trust’s live fleet of 16
Panamax vessels has an average age of eight years and is valued at $88.69
million by VesselsValue. Its demolition value is $87.68 million.
Five vessels are on long-term charter to
Mitsui OSK, six are trading on the spot market and five are stacked off Batu
Pahat, Malaysia (Erwin Rickmers, Sabine Rickmers, Maja Rickmers, Kaethe C
Rickmers, Laranna Rickmers).
Source:
maritime-executive.
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