Plunging container ship values hit the finance market

Sinking boxship values are resulting in ‘soft defaults’ on loans done when the market was high

Container ship values are closing in on pre-pandemic levels and are down more than 50% since their peak. — Container ship values are closing in on pre-pandemic levels and are down more than 50% since their peak.Photo: PATRIK STOLLARZ

Ian Lewis

Published 6 February 2023, 07:53Updated 6 February 2023, 10:59

Oceanis Germany Hamburg