Record tonnage volume changed hands in 2014

A record volume of tonnage is reported to have changed hands in 2014 and reported secondhand sales rose by 29 per cent year-on-year to total 51.0m GT in 2014, according to Clarksons.

cargo Clarksons Containership ocean freight oil tanker shipping

The reported value of secondhand sales activity totalled US$26.1 billion, up 26 per cent y-o-y. There was interest in the larger sizes and the average size of ship sold reached a record level, London-based market research firm said.

Activity at the larger end of the oil tanker sector was particularly strong and 2014 saw a firm increase in the volume of containership tonnage sold year-on-year.

“A total of 1,320 vessels of 51.0m GT were reported sold market in 2014, a record in terms of GT. This was driven by strong interest in the oil tanker sector with a reported 309 tankers of 23.0m GT sold, 82 per cent more tonnage y-o-y, and the sector accounted for the largest share of sales in GT terms (45 per cent%) for the first time on record,” Clarksons said.

In the general cargo sector, the volume of tonnage sold rose 48 per cent y-o-y in 2014 and 275 units of 6.5m GT were reported to have changed hands.

Containerships accounted for 93 per cent of the general cargo units reported sold in 2014 in terms of GT. Meanwhile, reported bulker sales fell 7 per cent y-o-y to 16.9m GT in 2014 (411 ships) though the sector still accounted for 33 per cent of total sales in terms of GT.