Harper Petersen & Co – Ship brokers since 1943
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Market Report

Container update 15th August, 2005


The charter market activity during the last four weeks decreased even further. We estimate that the number of fixtures were down 20 pct on last month's numbers to around 22. Amongst those 22 fixtures we have counted 9 short term / relet deals and only 13 long term fixtures. The rates for the medium sizes followed the trend of the last month(s) by decreasing about 10 percent, however only for shorter periods. Activity is expected to increase in all sizes in autumn. The question remains whether owners can regain the rates and periods seen previously - A question to be answered in the coming weeks.

Above 2000 TEU CMA CGM was the dominant party in the market by extending / fixing three ships in excess of 3000 TEU for periods of 5 years at relatively firm levels of USD 31,800 respectively USD 33,800 for the bigger unit. Hanjin also extended two older 3000 TEU units at a fairly decent rate level of USD 23,500 looking at the rather inefficient speed / consumption and reefer capacity. We are still fairly positive about the near future in this size and predict that rate levels will remain firm.

We have to repeat ourselves for the medium size ships between 1300 and 1900 TEU. The market for this segment continued it's gradual slow down. Rates continued to come off, however only for shorter periods as Owners are not willing to commit those rates for longer periods in the hope that demand will increase again during autumn. Ships like the Buxsailor or Westerhever for instance only agreed 2-3 months periods at mid / high usd 20's. The only "long term" fixtures in this segment were the Vulkan and the Rio Grande both absorbed by Maersk Sealand for periods of 12 option 12 months at slightly lower rates than last done but still very decent levels.

In the smaller segment around 1000 TEU activity slowed down considerably during the last couple of weeks, however rate levels seem to remain at solid levels. The number of high spec vessels until the end of the year are relatively limited.


 
 
 

FIXTURES

Gearless

Ville de Taurus '97 CMA CGM
49,328 dwt 3940 teu (2800 at 14ts)
150 reefers / 23,7kn on 120,0ts
ext 5 yrs ww trade
33,800
   
Tim S '05 CMA CGM
43,500 dwt 3380 teu (2430 at 14ts)
300 reefers / 22,4kn on 110,0ts
5 yrs ww trade
31,800
   
Hanjin Vancouver '90 Hanjin
44,765 dwt 2932 teu (2450 at 14ts)
153 reefers / 21,5kn on 92,0ts
ext 5 yrs ww trade
23,500
   
Hanjin Kaoshiung '90 Hanjin
43,926 dwt 2932 teu (2450 at 14ts)
153 reefers / 22,0 on 92,0ts
ext 5 yrs ww trade
23,500
   
Bay Bridge '85 CMA
35,375 dwt 2257 teu (2037 at 14ts)
258 reefers / 20,5kn on 57,5ts
abt 2 mos fe trade
28,000
   
Sea Arrow '87 CMA CGM
29,693 dwt 2098 teu (1700 at 14ts)
295 reefers / 19,0kn on 53,0ts
abt 2 mos feast trade
24,500
   
Sky Pride '05 HeungA
12,400 dwt 950 teu (655 at 14ts)
120 reefers / 18,0kn on 34,0ts
24 mos feast trade
16,160
   
Aura '03 HACKLIN
8,568 dwt 822 teu (507 at 14ts)
150 reefers / 18,5kn on 36,6ts
ext 26 mos cont/balt trade
10,200 euro
   


Geared

Mark Twain '06 CMA CGM
43,500 dwt 3380 teu (2360 at 14ts)
300 reefers / 22,5kn on 105,0ts
5 yrs ww trade
31,800
   
Alianca Hong Kong '98 US Lines
34,015 dwt 2468 teu (1870 at 14ts)
320 reefers / 22,0kn 74,0ts
abt 8 mos ww trade - relet fm hamb-sued
30,500
   
Santa Fabiola '99 CMA CGM
30,135 dwt 2169 teu (1665 at 14ts)
420 reefers / 19,7kn on 55,7ts
2 mos feast trade (relet from Hamburg Sued)
35,000
   
HSH Ubin '89 Pendulum Express Line
34,380 dwt 2097 teu (1674 at 14ts)
100 reefers / 17,5kn on 44,5ts
3 yrs ww trade - relet fm evergreen
25,750
   
Vulkan '96 Maersk Sealand
22,982 dwt 1728 teu (1120 at 14ts)
200 reefers / 20,0kn on 55,0ts
12 opt 12 mos ww trade (opt rate usd 31,000)
28,500
   
Buxsailor '93 KMTC
23,276 dwt 1684 teu (1152 at 14ts)
152 reefers / 19,0kn on 48,0ts
ext 2-3 mos feast trade
27,200
   
H Langeland '03 PONL
20,700 dwt 1581 teu (1051 at 14ts)
288 reefers / 20,0kn on 49,0ts
45 days trips cont/us/feast
9,600
   
Westerhever '94 KMTC
22,340 dwt 1572 teu (1060 at 14ts)
150 reefers / 20,0kn on 53,0ts
abt 3 mos feast trade
28,000
   
Rio Grande '98 Maersk Sealand
20,567 dwt 1301 teu (1000 at 14ts)
63 reefers / 17,0kn on 29,5ts
12 opt 12 mos ww trade - opt rate usd 26,500
24,000
   
Independent Spirit '91 APL
17,520 dwt 1208 teu (866 at 14ts)
75 reefers / 17,5kn on 37,0ts
8-10 mos feast trade - relet fm syms
19,500
   
Phu Tan '88 OEL
14,101 dwt 1022 teu (675 at 14ts)
60 reefers / 15,0kn on 27,6ts
16 mos feast trade
private rate
   
Marion Green '99 (MPPS Type) CLAN
17,539 dwt 962 teu (661 at 14ts)
60 reefers / 16,0kn on 30,0ts
8 mos Feast trade
20,000
   
Yong Da '99 Cheng Lie
14,000 dwt 810 teu (680 at 14ts)
200 reefers / 18,0kn on 32,0ts
ext 24 mos feast trade
16,000
   
Sandwig '03 Maersk Sealand
8,015 dwt 657 teu (388 at 14ts)
116 reefers / 17,5kn on 26,8ts
ext 30 opt 6 mos feast trade
13,000
   

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