Prices of traditional panamax containerships continue to trade at large discounts to their true market value, a top owner has claimed.
Borealis Finance says the current price for a 10-year old 4,250-teu vessel implies a 50-60% discount to age-adjusted replacement costs (AARC).
Meanwhile, charter rates for ships in this segment are said to have increased in the fourth quarter of 2019 to $13,550, 51% higher compared to a year ago.
