![Navio-container-1 Port congestion in 2022 / Congestionamento portuário em 2022](https://www.datamarnews.com/wp-content/uploads/2022/01/Navio-container-1.png)
Hapag-Lloyd pays US$55 million for boxship acquisition from Eastern Pacific
Jan, 17, 2022 Posted by Gabriel MalheirosWeek 202203
Hapag-Lloyd has acquired the 4,253 TEU container ship, Chesapeake Bay, from Singapore-headquartered Eastern Pacific Shipping for US$55 million.
The transaction was completed on 6 January, according to data from the online valuation and data provider, VesselsValue.
The nearly 19-year-old vessel has seen an incredible increase in value over the past year, as in January 2020, the vessel was valued at US$9.36 million, according to Felix Mathes, Junior Cargo Analyst at VesselsValue, who told Container News that the ship’s value “peaked at the end of October 2021 at US$58.92 mil, representing an increase of 530%,”
“Throughout the winter months, its value softened to US$46.24 million as a result of freight rates falling and the market slowing,” he pointed out.
“However, as freight rates have started to climb again, so too have values. In general, though, the Sale & Purchase (S&P) market has had a quiet start to the year,” commented Felix Mathes.
Source: container-news
To read the original article please visit: https://container-news.com/hapag-lloyd-pays-us55-million-for-boxship-acquisition-from-eastern-pacific/
-
Ports and Terminals
Oct, 13, 2023
0
Tecon Imbituba spearhead extra operations due to heavy rains hitting Navegantes
-
Shipping
Jun, 28, 2023
0
Brazil records over 38 million tonnes of goods through waterway network
-
Steel and Aluminium
Mar, 08, 2024
0
Brazil initiates investigation on exports of pre-painted steel from China
-
Ports and Terminals
Jan, 17, 2022
0
CODEBA yields new highest cargo handling rate in 2021