Passengership values continue to plummet as coronavirus locks the cruise sector in a deep freeze.
The valuation of the world's fleet of 474 cruiseships, including 108 on order, has fallen $32bn from $170bn since the beginning of the year, according to VesselsValue. The figure had slid $4bn by late March.
This free fall in asset value was expected as more owners laid up entire fleets for ever-longer periods, VesselsValue chief commercial officer Matthew Freeman said.
