Youngest Ever Containership Sent to Scrapyard?

A landmark deal was undertaken today in the containership industry as the youngest ever containership was reportedly sent for demolition by Singapore’s Rickmers Marine Trust, according to VesselsValue.

The vessel in question is the seven-year-old Panamax boxship India Rickmers, which was built in 2009 by China’s shipbuilder Jiangsu New Yangzijiang.

The 4,250 TEU vessel is valued just above scrap at USD 5.87 million. In 2016 the vessel fell 62% in value.

However, Rickmers Maritime said that, as the company is currently in negotiations over a potential debt settlement agreement, “no sale of the vessel has been concluded.”

“This year the average change in value in the containership sector is -26% to put this figure in perspective. The main reason for this is that these vessels are becoming defunct now that the Panama Canal has been widened,” VesselsValue said.

Since 2 years before the first transit of the new locks which happened a couple of months ago, 2009-built Panamax containers dropped in value by two thirds.

landmark-boxship-scrap-sale-01

Share this article

Follow World Maritime News

In Depth>

Events>

<< Nov 2019 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

CWC World LNG Summit & Awards Evening

The CWC World LNG Summit & Awards Evening will be returning to Rome in 2019 to celebrate it’s 20th year.

read more >

Offshore Wind Europe 2019

#OWEU19 is a meeting place for governments, developers and suppliers to grow the confidence in wind power. Perfect to grow your business by securing new customers, meeting officials and industry heads.

read more >

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >

CrewConnect Global 2019

CrewConnect Global is the leading forum for collaboration to advance new industry approaches to seafarer recruitment and training.

read more >