Unfashionable classic panamax containerships could offer owners “distressed play” opportunities in the short term, taking advantage of low prices, according to VesselsValue.
It said that although the market is booming for bigger post-panamax vessels, including neo-panamaxes and above, their smaller sisters should not be discounted.
The analyst’s chief operating officer, Adrian Economakis, told TradeWinds: “Panamaxes are a declining sector, but they might have a few years left in them yet.”
