Market Chat: Week 6
Using VesselsValue data, Rebecca Galanopoulos Jones, Senior Content Analyst, explores the latest trends in the demolition and S&P markets. You can read the full piece here.
Container demolition
“After reaching an 18 month low in December, scrap prices firmed once again in January, with an average of 580 USD/LDT. With values for Feedermax vessels down c.64% year on year to a January average of 11,579 USD/Day, this provides incentives for owners looking to scrap their oldest and least efficient vessels…” Read more.
S&P transactions fall to two and a half year lows
“Transaction levels have been steadily declining since the peak in July, where 265 sales were reported. Almost half of the sales were in the Bulker sector, 31% in the Tanker sector, 13% in Containers and the remaining 7% in the Gas sector…” Read more.
