Harper Petersen & Co – Ship brokers since 1943
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Market Report

Container update 11th July, 2005


The activity in the charter market has considerably softened during the last four weeks. We have undoubtely reached the summer holiday season and unlike last year this seasonal occurrence is influencing the charter market activity-wise, as well as period-wise. In comparison to last month's 44 fixtures, we can only report 27 fixtures (abt 60 percent) this month whereof a fair amount are even short term relets or option declarations. It is noteworthy that in some sizes like the medium size between 1300 and 1900 TEU the charter periods seem to be a bit under pressure. Owners are obviously no longer able to dictate the periods in a way they have done during the last couple of months.

Above 2000 TEU we can only report a very few fixtures, whereof the deal for 3 x 2500 TEU Doehle controlled ships to CCNI with delivery in q1 and q2 2006 seems to be the most interesting one. Unfortunately the hire level has not been disclosed but we believe the rate should be in region of USD 29,000 - 29,500 which would be in line with last done. Otherwise we only witnessed a few short term relets like the Mare Gallicum from YML to CMA for a period of 6 months at around USD 35,000. With only a dozen ships in excess of 2000 TEU, leaving relets aside, remaining open until the end of the year we do not foresee an increase of activity in the larger size but at the same time we are fairly convinced that the rates will remain at a firm level.

As already mentioned in our last report it looks as though the market for the medium size between 1300 and 1900 TEU is holding it's breath for the moment. Operators seem to be reluctant to still commit for longer periods like three or four years. Both the Hansa Oldenburg and Nordriver for example accepted, respectively, had to accpet "shorter" periods of about 24 months, however at very sufficient rates of about usd 30,000. With a few ships coming up in the next couple of weeks it will be intereesting to see what the ships coming open in the coming weeks fix, with limited period business remaining.

The smaller sizes around 1000 TEU remains firm, however activity has decreased with only lower specification 15-16kn vessels remaining available. We have only been able to take note of a few fixtures like the Cape Bonavista for a "short term" fixture of about 9 mos to CMA at USD 18,500. Other point of note was the extensions of 2 x Alpha 1 types well in advance of their actual expiry date, perhaps emphasizing that good specification vessels in these sizes is still limited even through to 2006.


 
 
 

FIXTURES

Gearless

Mare Gallicum '96 CMA CGM
34,630 dwt 2959 teu (2031 at 14ts)
260 reefers / 22,0kn on 82,0ts
6 mos ww trade (relet fm yml)
35,000
   
Northern Vigour '05 MOL
37,800 dwt 2742 teu (2126 at 14ts)
400 reefers / 22,5kn on 80,5ts
3 mos uk/fe/ecsa trade (relet fm Sinotrans)
private rate
   
Golden Merchant II '82 Marfret
19,185 dwt 1552 teu (1205 at 14ts)
58 reefers / 20,0kn on 65,0ts
7 mos atlantic trade (relet from zim)
22,500
   
Asian Pegasus '91 CMA CGM
22,740 dwt 1401 teu (1232 at 14ts)
200 reefers / 19,0kn on 42,0ts
30 days empl.
24,250
   
4 x Damen Hoogezand 800 TEU N/B'S '06 GEEST LINE
9322 dwt 803 teu (508 at 14ts)
180 reefers / 18,0kn on 34,0ts
36 mos north europe trade
eur 9,600
   
N/B Vega Verbier '06 SYMS
8500 dwt 698 teu (410 at 14ts)
120 reefers / 17,0kn on 26,0ts
4 yrs ww trade
13,250
   
N/B Vega Davos '05 SYMS
8500 dwt 698 teu (410 at 14ts)
120 reefers / 17,0kn on 26,0ts
4 yrs ww trade
13,250
   


Geared

Wotan '01 CCNI
33,795 dwt 2526 teu (1950 at 14ts)
320 reefers / 22,0kn on 74,0ts
5 yrs ww trade
private rate
   
Heinrich S '98 CCNI
33,914 dwt 2474 teu (1950 at 14ts)
320 reefers / 21,0kn on 66,5ts
5 yrs ww trade
private rate
   
Helvetia '98 CCNI
34,015 dwt 2468 teu (1850 at 14ts)
320 reefers / 21,0kn on 71,0ts
5 yrs ww trade
private rate
   
Jasmin '01 opt CSCL
35,976 dwt 2452 teu (1886 at 14ts)
400 reefers / 21,8kn on 75,0ts
opt 24 mos fe/aussie trade
17,500
   
Katharina '01 opt CSCL
35,976 dwt 2452 teu (1886 at 14ts)
400 reefers / 21,8kn on 75,0ts
opt 24 mos fe/bl sea trade
17,500
   
Andreas '98 CMA CGM
30,726 dwt 2226 teu (1748 at 14ts)
300 reefers / 21,3 kn on 80,5ts
30-40 days fe trade (relet fm nyk)
private rate
   
Hansa Oldenburg '02 ext Delmas
23,579 dwt 1740 teu (1330 at 14ts)
198 reefers / 21,0kn on 64,0ts
24 mos fe/wafrica trade
30,000
   
Nordriver '97 ext Costa Cont. Lines
22,420 dwt 1684 teu (1100 at 14ts)
160 reefers / 20,0kn on 49,5ts
19-23 mos med/canada trade
30,300
   
Cap Reinga '99 RCL
21,180 dwt 1646 teu (1140 at 14ts)
227 reefers / 21,0kn on 62,0ts
35 days Feast trade - relet fm h-sued
20,000
   
Rio Grande '98 Hapag Lloyd
20,567 dwt 1301 teu (1000 at 14ts)
63 reefers / 17,0kn on 29,5ts
2 mos cont/med trade
18,750
   
Greta C '02 (mpps) GSL
19,150 dwt 1232 teu (900 at 14ts)
15kn
12 mos fe/wafrica trade
23,500
   
Nordsun '91 ext Maersk Sealand
14,190 dwt 1158 teu (687 at 14ts)
125 reefers / 17,0kn on 30,0ts
3 mos fe trade
17,000
   
OEL Esteem '86 GSL
21,725 dwt 1139 teu (1002 at 14ts)
261 reefers / 15,5kn on 42,0ts
12 mos fe/wafrica trade
21,000
   
Mars '96 ext KLINE
18,400 dwt 1128 teu (820 at 14ts)
152 reefers / 18,5kn on 37,5ts
3 yrs ww trade (counting fm october 05 actually ship was fixed till april 06)
18,750
   
Venus '96 ext KLINE
18,400 dwt 1128 teu (820 at 14ts)
152 reefers / 18,5kn on 37,5ts
3 yrs ww trade (counting fm october 05 actually ship was fixed till april 06)
18,750
   
Rousse '89 opt EMES
14,170 dwt 1034 teu (677 at 14ts)
60 reefers / 16,0kn on 30,5ts
opt 12 mos med trade
11,900
   
Cape Bonavista '92 CMA CGM
10,200 dwt 922 teu (590 at 14ts)
80 reefers / 17,0kn on 25,0ts
9 mos fe/me trade
18,500
   

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