Consultancy Maritime Strategies International says newbuilding prices should continue to erode in 2017, helping to press second-hand tanker and containership values further downward.

Bulker values should bottom this year but the rebound will only be slight in 2017, wrote MSI director Adam Kent in commentary provided to TradeWinds.

MSI expects the value of a five-year-old bulker to gain 5% next year, but boxships should lose 13% of their value.