Youngest Containership Sold for Scrap
Today in the containership industry a landmark deal has occurred with the youngest ever containership sent for demolition by Rickmers Marine Trust. The vessel was a seven year old panamax boxship (4250 TEU, 2009 Blt, Built China). She is valued just above scrap at USD 5.87m. In 2016 the vessel fell 62% in value. 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. 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.
|
Youngest containership demolition age |
|
|
Year |
Youngest ship sent for demolition |
|
2009 |
24 |
|
2010 |
23 |
|
2011 |
19 |
|
2012 |
12 |
|
2013 |
14 |
|
2014 |
14 |
|
2015 |
13 |
|
2016 |
7 |
|
Rickmers Marine Trust |
|
|
Live Fleet |
USD 88.69 million |
|
Demo Value |
USD 87.68 million |
|
Vessels |
16 Panamax Containerships |
|
Average age |
8 years |
5 vessels on LT charter to Mitsui OSK
6 vessels trading in spot market
5 vessels decommissioned - sat off Batu Pahat, Malaysia
(Erwin Rickmers, Sabine Rickmers, Maja Rickmers, Kaethe C Rickmers, Laranna Rickmers)
|
Container fleet breakdown |
|||||
|
Type |
Vessels |
% of fleet |
Total Size (TEU) |
Average Size (TEU) |
Fleet Value (USD Million) |
|
CONTAINERSHIP |
5,346 |
13% |
23,830,764 |
4,458 |
102,298 |
|
ULCV |
310 |
6% |
5,031,706 |
16,231 |
34,402 |
|
NEW PANAMAX CONT |
233 |
4% |
2,714,519 |
11,650 |
17,241 |
|
POST PANAMAX CONT |
1,190 |
22% |
8,337,538 |
7,006 |
28,387 |
|
PANAMAX CONT |
829 |
16% |
3,480,457 |
4,198 |
5,355 |
|
SUB PANAMAX CONT |
711 |
13% |
1,798,152 |
2,529 |
6,483 |
|
HANDY CONTAINER |
827 |
16% |
1,350,141 |
1,633 |
5,336 |
|
FEEDERMAX |
1,246 |
23% |
1,118,251 |
897 |
5,094 |
