The latest reported container ship sale provides a stark illustration of how much asset values have fallen in weaker markets.

MPC Container Ships (MPCC)’s 2,824-teu AS Carinthia (built 2003) was worth $54m at the peak of record markets last April, according to VesselsValue.

Now rumours have linked the vessel to a sale to Chinese interests for around $7.5m, with a dry-docking and special survey due.