New Orders Container
Not surprisingly, the Corona crisis has the market for container ship newbuildings fully under control[ds_preview]. No orders have been announced recently. Therefore, the last reported transaction still is the order of four Bangkokmax type ships (1,686TEU). They will be built for an unkown price by Chinese Yangfan Group (formerly known as Zhoushan Shipyard) for Zheijiang Haigang, a joint venture of Ningbo Zhoushan Port Group and Zhejiang Seaport. Since then, shipping companies and their financial partners are very tentative on investments as further market developments and thus the demand for tonnage as well as the sitution at shipyards remain unclear.
Secondhand Sales
Also the second hand market for container ships has more or less come to a standstill. However, brokers expect the crisis to have an impact, that more ships are coming onto the market whose owners could get into financial difficulties. Prices are rumoured to be falling already.
Demolition Sales
On the large scrapping markets, little or nothing has happened in recent weeks either as many locations have been closed. It is unclear when the standstill will be lifted. Only then any price trend will be visible.
