Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

583824b4641efa140e048f4a493e26fa

Rickmers Maritime scraps seven-year old panamax boxship

Struggling Singapore shipping trust Rickmers Maritime is scrapping a traditional panamax at just seven years old.

Underscoring the massive loss in value traditional panamax boxships following the expansion of the Panama Canal Rickmers Maritime is scrapping the 2009-built, 4,250 teu India Rickmers. The vessel is three years younger than the youngest panamax containership sent to the breakers this year.

According to Vessels Value the India Rickmers is valued at $5.87m, just above its scrap value, and has lost 62% of its value in 2016. This drop is much sharper than for containerships overall which have lost 26% of their value this year.

Rickmers Maritime has a fleet of 16 panamax boxships, five of which are decommissioned.

Hide comments
account-default-image

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish
Maritime_Market_User_Promo_4
Looking For Suppliers?

Maritime Market is the online marketplace for the global maritime industry, making it easy to connect with suppliers 365 days a year. Powered by an extensive database of maritime professionals and businesses.

Maritime_Market_User_Promo_4