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Market Report

Former Reports:
- 16th September, 2010
- 29th July, 2010
- 2nd July, 2010
- 20th May, 2010
- 20th April, 2010
- 26th March, 2010
- 17th February, 2010
- 29th January, 2010
- 17th December, 2009
- 17th November, 2009
- 8th October, 2009
- 15th September, 2009
- 16th July, 2009
- 20th May, 2009
- 22nd April, 2009
- 20th March, 2009
- 20th February, 2009
- 23rd January, 2009
- 19th December, 2008
- 27th November, 2008
- 13th November, 2008
- 22nd October, 2008
- 26th September, 2008
- 15th September, 2008
- 26th August, 2008
- 6th August, 2008
- 17th July, 2008
- 2nd June, 2008
- 15th May, 2008
- 15th February, 2008
- 14th November, 2007
- 1st August, 2007
- 12th June, 2007
- 26th April, 2007
- 3rd March, 2007
- 12th January, 2007
- 19th October, 2006
- 24th August, 2006
- 13th July, 2006
- 8th June, 2006
- 10th May, 2006
- 4th April, 2006
- 28th February, 2006
- 18th January, 2006
- 15th December, 2005
- 17th November, 2005
- 18th October, 2005
- 13th September, 2005
- 15th August, 2005
- 11th July, 2005
- 9th June, 2005
- 9th May, 2005
- 5th April, 2005
- 22nd February, 2005
- 26th January, 2005
- 29th December, 2004
- 3rd December, 2004
- 15th November, 2004
- 27th October, 2004
- 29th September, 2004
- 2nd September, 2004
- 16th August, 2004
- 30th July, 2004
- 30th June, 2004
- 9th June, 2004
- 19th May, 2004
- 26th April, 2004
- 14th April, 2004
- 29th March, 2004
- 15th March, 2004
- 1st March, 2004
- 13th February, 2004
- 2nd February, 2004
- 16th January, 2004
- 18th December, 2003
- 4th December, 2003
- 17th November, 2003
- 27th October, 2003
- 26th September, 2003
- 3rd September, 2003
Container update 27th October, 2003
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Overall it would appear a quieter market is now upon us, with many lines having already fulfilled their chartering requirements for the upcoming holiday season. Believe it is fair reflection to say that after the phenomenal surge in rate levels seen earlier in the year for 2000teu+, and lately 1700teu+, rates have peaked, and will probably remain at these levels, at least in the short term until after the Chinese New Year.
However, interest still remains high in the larger sizes with Wan Hai and PIL active recently, having taken 5 vessels 2600-3000teu for 2-3 years for rates between $21-23,000 in the last fortnight. Other charterers such as CSAV, Hanjin and Maersk were seen taking on or two of vessels apiece, with further close discussions ongoing with other parties. Interestingly there have also been an apparent number of market rumours for larger vessels being fixed so far unsubstantiated with Nordmed, Santa Elena, and Nordfalcon still available to charter maintaining pressure on charterers in this size.
The medium sizes of about 1700teu have also leveled off at around $17,000 mark for 12 months, with premiums still for shorter periods of mid/high 17’000s. Although many longer-term fixtures with deliveries well into next year were being completed in $14,000’s, there is an increasing pressure to settle for shorter term at present, as seen last week with 3 CC1600 and a BV 1700 taking 2-3 month charters. This size is much quieter than of late with some lower specified vessels now showing promptish dates, and owners are seeing a much more pronounced Far East/Atlantic divide, with some looking to move vessels eastbound to pick up better paying business rather than facing the tough Atlantic. There will be some downward pressure exerted in the short term at least, which may actually see a slight if temporary fall prior end of this year.
However next year still looks positive reflecting better economic outlook globally, and increasing freight levels attained for most routes.
FIXTURES
Gearless
| Henry |
Wan Hai |
38,717dwt 3016teu (2489 at 14t) 22kn on 86 celled for 36 mos wwide trading
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usd 23,000 |
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| Eos 1 |
extn Wan Hai |
34,900dwt 2908teu (2045 at 14t) 22kn on 89 celled for 24 mos Feast/USWC trading
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usd 22,800 |
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| Independence |
Wan Hai |
36,624dwt 2829teu (2420 at 14t) 22kn on 89 celled for 36 mos wwide trade
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usd 23,000 |
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| Carinthia |
CSAV |
38,200dwt 2826teu (2020 at 14t) 24kn on 95 celled for 36 mos wwide trade
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usd 21,700 |
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| Patmos & Pacific |
Hanjin |
45,696dwt 2680teu (2459 at 14t) 20kn on 65 celled for further 24 mos US/Med/Mid East/Feast trade
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usd 21-22,000 |
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| Navarino |
HMM |
37,915dwt 2643teu (2193 at 14t) 21kn on 73 celled for 30 mos Feast trading
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usd 20,750 |
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| Astoria Bridge |
extn MSC |
43,070dwt 2258teu (2131 at 14t) 20kn on 75 celled for 48 mos Cont/India trading
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usd 13,200 |
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| Jolly |
extn Dongnama |
29,693dwt 2098teu (1700 at 14t) 18kn on 47 celled for further 12 mos Korea/Feast trading
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usd 17,700 |
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| Buxsund |
extn CMA/CGM |
23,250dwt 1687teu (1191 at 14t) 19kn on 48 celled for 1 Feast/S Afr/ECSA round
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usd 17,000 |
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| Conti Singapore |
Wan Hai |
23,276dwt 1684teu (1191 at 14t) 19kn on 54 celled for 11 mos Feast/Mid East
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usd 16,350 |
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| Bahamian Express |
Sea Consortium |
21,420dwt 1679teu (1230 at 14t) 21kn on 61 celled for 12 mos Feast trading
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usd 18,000 |
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Geared
| Commander |
MSL |
35,600dwt 2674teu (2040 at 14t) 22.7kn celled for 3 years wwide trade
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private |
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| HS Discoverer & HS Challenger |
Wan Hai |
35,700dwt 2672teu (2040 at 14t) 22kn on 83 celled for 24 mos wwide trade
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usd 24,000 |
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| Mate |
PIL |
35,700dwt 2672teu (2040 at 14t) 22kn on 83 celled for 36 mos wwide trade
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usd 17,900 |
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| Cap Melville |
CMA/CGM |
33,821dwt 2524teu (1886 at 14t) 22kn on 74 celled for 36 mos wwide trade (sublet)
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usd 21,800 |
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| Rio Eider & Rio Alster |
MSL |
35,700dwt 2495teu (1820 at 14t) 22kn on 88 celled for 5 years wwide trade
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usd 16,000 |
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| Liberta |
extn CSAV |
34,015dwt 2468teu (1950 at 14t) 22kn on 74 celled for 24 mos USEC/WCSA trade
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usd 22,500 |
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| Westerems |
Yang Ming |
30,300dwt 2072teu (1650 at 14t) 21kn on 73 celled for 12 mos Feast trading
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usd 20,500 |
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| Santa Giuliana |
Clan |
30,200dwt 2061teu (1657 at 14t) 19.5kn on 57 celled for 12 Feast/WCSA trading
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usd 18,500 |
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| Troyburg |
extn PONL |
26,142dwt 1797teu (1316 at 14t) 18kn/cell for trip SE Asia/W African rv
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usd 17,750 |
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| Hansa Augustenburg |
extn MSL |
23,579dwt 1740teu (1295 at14t) 20.5kn on 58 celled for 36 mos USG/ECSA trading
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usd 14,100 |
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| Laura Schulte & Maximillian Schulte |
MSL |
23,579dwt 1740teu (1295 at14t) 20.5kn on 58 celled for 36/12 mos wwide trade
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usd 13,150/15,000 |
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| Vulkan |
extn CMA/CGM |
23,000dwt 1730teu (1120 at 14t) 20kn on 55 celled for further 4 mos W Med/Caribs trade
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usd 17,250 |
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| Henriette Schulte |
extn MSL |
22,420dwt 1684teu (1100 at 14t) 20kn/cell for further 12 mos Med/W African trade
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usd 16,850 |
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| Izumo |
GSL |
24,375dwt 1613teu (1258 at 14t) 20kn on 53 celled for 18 mos intra Asian trading
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usd 16,700 |
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| Warnow Trader |
CMA/CGM |
22,525dwt 1608teu (1124 at 14t) 21kn on 59 celled36 mos Feast/Med trade
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usd 13,900 |
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| Dollart Trader |
Niver Lines |
22,525dwt 1608teu (1124 at 14t) 21kn on 59 celled3 mos Med/ECSA trading
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usd 17,500 |
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| Atlantic Trader |
extn Maruba |
22,525dwt 1608teu (1124 at 14t) 21kn on 59 celled further 3 mos Med/ECSA trading
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usd 17,500 |
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| Merkur Cloud |
APL |
22,260dwt 1584teu (1090 at 14t) 21kn on 60.5 celled for abt 8 mos Feast trading (relet)
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usd 16,750 |
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| Hansa Kristiansand |
K Line |
20,800dwt 1550teu (1029 at 14t) 20kn on 52 celled for 8 mos Feast trade
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usd 16,500 |
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| Birte Ritscher |
extn MSL |
20,150dwt 1452teu (1010 at 14t) 19kn on 46 celled for further 6/6 mos Med/W Africa trade
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usd 14,900 |
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| Rio Branco |
QC Line |
20,567dwt 1300teu (1000 at 14t) 16.5kn on 30 conbulker for 6 mos SE Asia/I Ocean
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usd 10,800 |
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| Sigrid Wehr |
extn RCL |
13700dwt 1160teu (780 at 14t) 19.3kn on celled for 6 mos Feast trading
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usd 11,250 |
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| Nordsun |
PIL |
14,190dwt 1158teu (684 at 14t) 17kn on 31 celled for 5 mos inter Asia service trading
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usd 9,850 |
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| Carola |
extn FAS |
14,900dwt 1107teu (751 at 14t) 18.5kn on 40 celled for further 6 mos Med trade
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usd 10,300 |
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| Merito |
Sea Consortium |
14,380dwt 1104eu (765 at 14t) 18.5kn on 39 celledfixed 24 mos Feast trade
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usd 11,100 |
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| Lania & Stadt Muenchen |
extn PONL |
12,500dwt 1102teu (650 at 14t) 20kn on 43 celled for 12 mos WC Mexico/USWC trading
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usd 10,250 |
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| Merkur Bridge |
Star Feeders |
12,598dwt 1012teu (648 at 14t) 17.5kn on 29 celled for 6 mos SE Asia/I Ocean trading
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usd 9,500 |
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| Ex Marcarrier |
Navimed |
14,120dwt 1006teu (690 at 14t) 17kn on 23 celled for 11-12 mos Med trading
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private rate |
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| Ardmore |
Inter Asia Line |
15,400dwt 954teu (732 at 14t) 17kn on 31 celled fixed 24 mos SE Asian trading
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usd 8500 |
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| Cape Byron |
MSL |
10,481dwt 930teu (580 at 14t) 17.5kn on 28.5 celled for 6 mos AG/I Ocean trade
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usd 9500 |
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| Cape Hatteras |
extn PONL |
12,850dwt 923teu (620 at 14t) 18.5kn on 35 celled for 8-9 mos USG/WCSA rounds
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usd 9500 |
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| Turgut Kiran |
Magistral |
12,855dwt 912teu (536 at 14t) 17.5kn on 30 fitted for 6 mos Russia/China trade
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usd 8,500 |
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| Maria |
extn Heung A |
9,393dwt 885teu (540 at 14t) 16kn on 21 celled for 12 mos Feast trading
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usd 7,400 |
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This report reflects information given in good faith to the best of our knowledge, but without guarantee.

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