1,600 teu boxship changes hands for new low benchmark price of $3.6m

Prices for elderly smaller boxships are plummeting. Brokers Braemar ACM report that the AS Savonia, a 1,679 teu 18-year-old Korean-built gearless ship, has just changed hands for just $3.6m.

“This sets a low benchmark for the type; with one or two similar units in the market, this will not be welcome news for said sellers,” Braemar ACM stated in its latest container weekly report.

VesselsValue states the AS Savonia was bought by Germany’s Vega Reederi.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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