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Secondhand boxship market maintains momentum as recycling hits 20-year low

  • Brokers report sustained momentum in the secondhand containership market
  • Strong interest maintained across all vessel sizes despite a shortage of charter-free tonnage
  • A mere 12 boxships totalling 8,000 teu have been scrapped this year, with just one vessel above 1,000 teu

Recent transactions included the sale of two 4,300 teu panamaxes to Asian buyers, while prolific buyer MSC snapped up a 2,500 teu vessel from German owners

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