Harper Petersen & Co – Ship brokers since 1943
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Market Report

Container update 19th October, 2006


We have witnessed a downward trend in the charter rates during the last 6 weeks with limited new requirements coming onto the charter market. Not only are many liner companies seemingly satisfied with their present tonnage portfolio, but they even have excess tonnage, and the presence of so many relets in all sizes has helped to pull the market down. 

The 'spot' ship - a sight not seen for a while in the market has reemerged with a handful of vessels waiting for employment off Singapore. Looking at the recent developments and with the build up of this tonnage in Asia we believe that the market will remain under pressure until the end of the year unless demand noticeably increases.

It has been the 1700 TEU ships that have come under most pressure with rates coming down from about USD 18,500 for a period of 12 mos a few weeks ago to shorter term fixtures in the 14000s & 15000s depending on the specification for tonnage that was sitting prompt. We expect further pressure with limited new requirements expected. The rates in the smaller 1000 teu sizes have also come down, although at least there seems to be enough requirements to keep the vessels employed. Activity in the China / Japan / Korea feeder market has picked up a little compared to the summer months although freight rates
remain very low.

It has been fairly active in the 3000 TEU plus sizes with CMA CGM and MSC being the most active. CMA CGM was heard to conclude a number of panamax relets from other Liner Companies and MSC were also rumoured to fix relet tonnage (4 x 5500 TEU Newbuildings from CSAV) at 4 years at a rate around USD 31,750. Further forward, Hamburg Sued was active by taking 3 x 3500 TEU Newbuildings from B. Schulte with delivery in 2007 and 2008 at a competitive rate of USD 23,300. The 2800 TEU sizes were also active with a number of relet deals concluded.


 
 
 

FIXTURES

Gearless

3 x 3534 B Schulte ex Shanghai Shipyard '07/08 Hamburg Sued
41,500 dwt 3534 teu (2353 at 14ts)
500 reefers / 23,5kn on 122,0ts
5 yrs ww trade
23,300
   
Northern Vivicaty '05 CMA CGM
37,856 dwt 2742 teu (2126 at 14ts)
400 reefers / 22,5kn on 80,5ts
18 mos feast trade (sublet from Sinotrans)
23,100
   
Hong Yun He '99 KMTC
26,027 dwt 1702 teu (1350 at 14ts)
200 reefers / 20,5kn on 70,0ts
6 mos feast trade (relet fm CSCL)
17,200
   
Rhoneborg '93 APL
20,027 dwt 1646 teu (1295 at 14ts)
298 reefers / 19,0kn on 46,0ts
30-40 days feast trade
16,250
   
Millenia Tower '90 APL
22,734 dwt 1404 teu (1090 at 14ts)
200 reefers / 19,0kn on 41,0ts
14 days feast trade
17,500
   
Cape Fraser '05 US Lines
16,420 dwt 1200 teu (870 at 14ts)
150 reefers / 19,0kn on 45,0ts
10 mos aussie/feast trade (relet fm HMM)
14,000
   
El Zorro '06 US Lines
14,000 dwt 1118 teu (700 at 14ts)
220 reeefers / 19,5kn on 36,0ts
12 mos transpac trade (relet fm delphis)
13,300
   
Mare Balticum '93 Sea Consortium
12,715 dwt 1054 teu (660 at 14ts)
90 reefers / 17,5kn on 30,0ts
9 mos feast trade
11,000
   
Josco View '06 Hanjin
12,400 dwt 1043 teu (655 at 14ts)
180 reefers / 18,0kn on 33,0ts
6 mos feast trade
10,500
   
Hudson Strait '99 Seacon
11,400 dwt 834 teu (590 at 14ts)
80 reefers / 18,0kn on 33,0ts
6 mos se asia trade
10,500
   


Geared

Hermann Wulff '06 OOCL
39,300 dwt 2732 teu (2267 at 14ts)
500 reefers / 22,5kn on 85,5ts
12 mos feast trade
23,500
   
Anna Schulte 01 opt Maersk Line
34,717 dwt 2530 teu (1850 at 14ts)
600 reefers / 22,0kn on 87,0ts
opt 12 feast trade
18,000
   
Wehr Elbe '01 CSAV
33,657 dwt 2524 teu (1186 at 14ts)
400 reefers / 21,7kn on 74,0ts
opt 12 mos ww trade
17,250
   
Wehr Weser '01 opt CSAV
33,795 dwt 2524 teu (1886 at 14ts)
400 reefers / 21,7kn on 74,0ts
opt 12 mos ww trade
17,250
   
Santa Alina '01 opt Maersk Line
32,299 dwt 2506 teu (1805 at 14ts)
420 reefers / 22,0kn on 86,0ts
opt 12 mos ww trade
private
   
SAG Westfalen '03 CMA CGM
30,450 dwt 2207 teu (1740 at 14ts)
350 reefers / 21,5kn on 96,0ts
24 mos ww trade
21,250
   
Santa Giorgina '97 CMA CGM
30,200 dwt 2061 teu (1658 at 14ts)
150 reefers / 19,5kn on 51,0ts
32 mos feast trade
18,000
   
Arkona Trader '98 CMA CGM
30,300 dwt 2008 teu (1628 at 14ts)
250 reefers / 21,5kn on 73,0ts
24 mos ww trade
19,350
   
Jonni Ritscher '06 CMA CGM
22,300 dwt 1856 teu (1285 at 14ts)
385 reefers / 21,0kn on 67,0ts
18 mos atlantic trade
18,750
   
Cape Don '02 Tasman Orient Line
30,537 dwt 1829 teu (1350 at 14ts)
150 reefers / 19,5kn on 62,0ts
24 mos pacific trade
18,500
   
Santa Rosa '92 APL
30,078 dwt 1742 teu (1527 at 14ts)
100 reefers / 19,5kn on 47,5ts
40 days cont/feast
19,400
   
Macaro '96 MCC Transport
22,083 dwt 1608 teu (1110 at 14ts)
200 reefers / 21,0kn on 59,0ts
6 mos feast trade
16,500
   
Dollart Trader '97 MOSK
22,260 dwt 1608 teu (1124 at 14ts)
200 reefers / 21,0kn on 60,0ts
12 mos feast trade
16,250
   
Teval '94 Melfi
20,140 dwt 1388 teu (1012 at 14ts)
200 reefers / 18,6kn on 46,0ts
24 mos med/cuba trade
15,350
   
Westermuehlen '93 COSCO
20,140 dwt 1358 teu (1000 at 14ts)
150 reefers / 18,5kn on 43,0ts
6 mos med trade
15,250
   
Algol '06 US Lines
17,219 dwt 1355 teu (925 at 14ts)
449 reefers / 20,0kn on 52,0ts
12 mos feast trade
14,500
   
Bavaria '96 GSL
18,355 dwt 1205 teu (820 reefers)
150 reefers / 20,0kn on 45,0ts
1 feast/wafrica r/v about 50 days
13,500
   
Lucien G.A. '02 MISC
17,254 dwt 1199 teu (912 at 14ts)
178 reefers / 19,0kn on 47,0ts
12 opt 12 mos feast trade
13,750
   
Orient Spirit '82 Sea Consortium
20,828 dwt 1152 teu (1050 at 14ts)
125 reefers /16,0 kn on 34,0ts
ext 12 mos feast trade
12,750
   
Ocean '96 Safmarine
14,587 dwt 1122 teu (748 at 14ts)
150 reefers / 19,0kn on 44,0ts
ext 2 mos atlantic trade
14,200
   
Ocean '96 Safmarine
14,630 dwt 1122 teu (758 at 14ts)
150 reefers / 19,0kn on 44,0ts
1 Algeciras / wafrica r/v abt 20 days
14,200
   
Martha Russ '06 QC Line
13,760 dwt 1118 teu (700 at 14ts)
200 reefers / 19,6kn on 41,0ts
12 mos feast trade
13,500
   
Phoenix '90 MOL
15,162 dwt 1048 teu (741 at 14ts)
140 reefers / 18,5kn on 37,5ts
1 mos feast trade
12,800
   
Major '92 OEL
12,583 dwt 1012 teu (650 at 14ts)
104 reefers / 17,5kn on 28,0ts
6 mos feast trade
10,950
   
Bernhard Sibum '06 ZIM
12,500 dwt 957 teu (604 at 14ts)
244 reefers / 18,0kn on 37,0ts
12 mos feast trade
11,400
   
Medbay '06 RCL
12,500 dwt 957 teu (604 at 14ts)
244 reefers / 18,0kn on 37,0ts
12 mos feast trade
11,750
   
Eagle Strength '95 New Econ Line
15,326 dwt 954 teu (732 at 14ts)
100 reefers / 17,5kn
12 mos feast trade
11,500
   
Cape Hatteras '92 CMA CGM
12,854 dwt 923 teu (620 at 14ts9
204 reefers / 18,0kn on 34,0ts
6 opt 12 mos atlantic trade
10,000
   
Sea Space '86 Sinokor
16,882 dwt 884 teu (611 at 14ts)
45 reefers / 14,8kn on 31,5ts
14 days feast trade
10,000
   

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