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Old, small ships hit new pricing low, US$3.6 million for 1,600 TEUers

A 1,679-TEU 18-year-old Korean-built gearless containership, the AS Savonia, has been sold for just US$3

Old, small ships hit new pricing low, US$3.6 million for 1,600 TEUers

A 1,679-TEU 18-year-old Korean-built gearless containership, the AS Savonia, has been sold for just US$3

09 December 2018 - 19:00

A 1,679-TEU 18-year-old Korean-built gearless containership, the AS Savonia, has been sold for just US$3.6 million, indicating that prices for aging small box ships are dropping further into a chasm.

'This sets a low benchmark for the type; with one or two similar units in the market, this will not be welcome news for said sellers,' Braemar ACM observed in its latest container weekly report, reported Splash 247.


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