Market Report

Former Reports:

• 29th July, 2010
• 2nd July, 2010
• 20th May, 2010
• 20th April, 2010
• 26th March, 2010
• 17th February, 2010
• 29th January, 2010
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• 4th December, 2003
• 17th November, 2003
• 27th October, 2003
• 26th September, 2003
• 3rd September, 2003
• Asiatic Wind´08

Container update 9th May, 2005

The number of fixtures which were done during the last four weeks decreased by about 20 percent in comparision to the previous month. The lesser amount can easily be explaind by the limited supply of ships. However there are also sources in the market claiming that this is a consequence of the reluctance of operators,in particular the major ones, to still commit themselves for long periods at very high rate levels. Indeed we have witnessed a couple of prompter ships in the medium sizes facing difficulties to secure long periods at high rates during the last couple of weeks. On the other hand we have seen a couple of forward fixtures at unaltered high rate levels. So the interesting question is to see whether this was just a seasonal phenomenon or whether we are slowly approaching a turn in market sentiment ???

In the larger size above 2000 TEU it was the fixture of the Luetjenburg catching the markets' attention. The ship has been extended by PONL for an impressive rate of usd 35,000 for a period of 6 months. Also the relets of the 2700 TEU Newbuilding Northern Valence and the 2500 TEU Jan Ritscher from Sinotrans to CP Ships respectively CMA CGM at USD 42,500 for short periods of about 6 months are proving operators' willingness to pay decent money for prompter ships in the larger size.

In the medium size between 1300 and 1900 TEU it was interesting to see that a couple of prompter ships such as the Dorian or the Rinkenis had to accpet shorter periods than actually desired by Owners (see above comments). On the other hand we have witnessed a couple of deals for more forward positions which are showing no sign of a weakening market, such as the extensions of the Hansa Sonderburg and Hansa Rendsburg to CP Ships at a rate of USD 31,500 for 36 months periods.

The activity as well as the rate levels for ships around 1000 TEU picked again up in comparison to the previous month. This is particularly apparent with the fixture of the 1200 TEU Newbuilding Cape Falster to NYK for a period of 4 years at a rate of USD 22,000 as well as the fixtures of three B 183 types at rates between usd 15,500 and 17,000 for periods of 4 respectively 5 years.

 
 
 

FIXTURES

Gearless

Luetjenburg '95	extn PONL
45,530 dwt 3534 teu (2590 at 14ts) 200 reefers / 23,0kn on 110,0ts 6 yrs ww trade	35,000
Australia Bridge '91	SCI
47,273 dwt 3074 teu (2368 at 14ts) 400 reefers / 19,0kn on 67,0ts 5 yrs ww trade	30,000
Northern Valence '05	CP Ships
37,950 dwt 2702 teu (2070 at 14ts) 400 reefers / 22,0kn 6 mos ww trade - sublet fm sinotrans	42,500
Sea Arrow ' 87	ext KMTC
29,369 dwt 2098 teu (1700 at 14ts) 110 reefers / 18,0kn on 47,0ts 2 mos feast trade	24,750
Buxhill '95	extn HeungA
23,459 dwt 1684 teu (1231 at 14ts) 152 reefers / 19,0kn on 48,0ts 4 yrs ww trade	27,100
Conti Sydney '90	SYMS
23,596 dwt 1599 teu (1148 at 14ts) 120 reefers / 18,0kn on 45,0ts 4 yrs feast trade	26,000
Conti Barcelona '91	SYMS
23,596 dwt 1597 teu (1211 at 14ts) 120 reefers / 18,0kn on 45,0ts 4 yrs feast trade	26,000
Golden Merchant 1 '81	Delmas
25,214 dwt 1552 teu (1205 at 14ts) 58 reefers / 19,0kn on 60,0ts 8 mos atlantic trade	25,500
Algerian Express '95	ZIM
18,535 dwt 1471 teu (1100 at 14ts) 42 reefers / 19,0kn 5 yrs ww trade	23,500
Aglaia '01	NYK
15,315 dwt 1216 teu (800 at 14ts) 200 reefers / 22,0kn on 63,5ts 48 mos feast trade	19,500
Bunga Bidara '90	KLINE
23,518 dwt 1209 teu (1200 at 14ts) 150 reefers / 17,0kn on 36,0ts 36 mos feast trade	24,000
N/B Cape Falster '05	NYK
16,349 dwt 1200 teu (870 at 14ts) 150 reefers / 19,0kn on 41,0ts 4 yrs ww trade	22,000
N/B Karin S '06	Safmarine
13,760 dwt 1118 teu (700 at 14ts) 220 reefers / 19,6 kn on 36,0ts 42 mos ww trade	17,000
N/B Benedikt Rambow ' 05	Safmarine
13,760 dwt 1118 teu (700 at 14ts) 220 reefers / 19,6kn on 36,0ts 42 mos ww trade	17,000
Cape Charles '98	HeungA
11,031 dwt 834 teu (590 at 14ts) 80 reefers / 18,0kn on 29,0ts 48 mos feast trade	16,600

Geared

Jan Ritscher '99	CMA CGM
34,015 dwt 2526 teu (1850 at 14ts) 394 reefers / 22,0kn on 74,0ts 6 mos ww trade - relet fm sinotrans	42,500
Liberta '97	Libra
34,015 dwt 2475 teu (1870 at 14ts) 320 reefers / 21,0kn on 70,0ts 5 yrs ww trade	30,000
Borkum Trader '98	Libra
33,918 dwt 2474 teu (1890 at 14ts) 320 reefers / 21,0kn on 70,0ts 5 yrs ww trade	30,000
Hansa Liberty '00	CSCL
33,912 dwt 2466 teu (1890 at 14ts) 300 reefers / 22,0kn on 74,0ts opt 24 mos ww trade	18,500
Hansa Victory '00	CSCL
33,899 dwt 2466 teu (1890 at 14ts) 300 reefers / 22,0kn on 74,0ts opt 24 mos ww trade	18,500
Hansa Rendsburg '00	extn CP Ships
23,992 dwt 1740 teu (1295 at 14ts) 296 reefers / 20,5kn on 58,0ts 36 mos aussie/uswc trade	31,500
Hansa Sonderburg '01	CP Ships
23,579 dwt 1740 teu (1330 at 14ts) 300 reefer / 20,5kn on 58,0ts 36 mos aussie/uswc trade	31,500
Sea Alpha '05	HeungA
23,400 dwt 1740 teu (1295 at 14ts) 300 reefers / 21,0kn on 64,0ts 4 yrs ww trade	28,300
Port Said '94	COSCO Europe
22,236 dwt 1709 teu (1177 at 14ts= 76 reefers / 19,0kn on 43,0ts 12 mos med / usec trade	32,000
Dorian '94	Samudera
22,160 dwt 1684 teu (1100 at 14ts) 160 reefers / 19,5kn on 47,0ts abt 4 mos feast trade	29,000
Buxmaster '86	SYMS
23,465 dwt 1597 teu (1148 at 14ts) 70 reefers / 17,5kn on 33,0ts 4 yrs feast trade	26,000
Hansa Narvik or Hansa Stavanger '98	NYK
20,630 dwt 1550 teu (1029 at 14ts) 198 reefers / 20,0kn on 49,0ts 8 mos transpac trade	35,000
Rinkenis '93	GSL
20,150 dwt 1388 teu (1014 at 14ts) 150 reefers / 18,5kn on 45,0ts 6 mos feast/wafrica trade	28,000
Rio Rubio '99	CLAN
20,100 dwt 1301 teu (1000 at 14ts) 63 reefers / 17,0kn on 29,5ts 12 mos ww trade	private
Eibe Oldendorff '83 (noncellular)	Samudera
29,365 dwt 1110 teu (1000 at 14ts) 30 reefers / 14,0kn on 23,0ts 6 mos feast trade	19,500
Mare Tuscum '96	MCC Transport
12,380 dwt 1042 teu (645 at 14ts) 113 reefers / 17,5kn on 30,5 ts 4 yrs ww trade	16,500
Mare Hibernum '95	SYMS
12,380 dwt 1012 teu (636 at 14ts) 113 reefers / 17,5kn on 30,5ts 5 yrs ww trade	15,500
St. Irene '92	Panocean
12,583 dwt 1012 teu (650 at 14ts) 90 reefers / 17,5kn on 29,5ts 48 mos feast trade	17,000

This report reflects information given in good faith to the best of our knowledge, but without guarantee.