Market Report

Former Reports:

Container update 14th November, 2007

Mixed emotions can be reported from the container market in the past weeks.
While most segments remain firm and demand for ships in excess of 2000 teu remains strong, there is definite weakness in the 1600-1800teu segment with ships fixing for positioning trips and shorter period. This seems a repeat of Q3 / Q4 of 2006, when various owners were also struggeling to find suitable employment for their mid-sized ships.

Activity, rates and forward fixtures for ships over 3000 teu have persisted at a very high demand-driven level with tonnage fixed already through the first half of the next year and some Owners marketing their ships well in advance as Charterer´s appetite seems to continue everlong.

An on-going rush can be seen for geared 2200 - 2500 teu tonnage with many extended charters already in the books for the first quarter of 2008 and demand still strong for forward deliveries. Compared to our last report, rate´s again have improved while periods have been elongated and it still appears that a number of Charterer´s are in the need of additional tonnage to secure growth in their services. Remarkable appear the 36mos fixtures of the Stadt Weimar & the 48mos of the Euromax, both for European accounts. TS LINES were heard to take 3 x 2500 teu Geared ships for delivery 2008 which were heard to go into a new Far East - Med / Black Sea service.

Some serious tonnage has been builing up around the b-170 design with hardly any long period fixtures reported. As ships have been piling up in certain areas some shorter periods and/or trips have been fixed.

The sub 1200 teu market remains fairly quiet both in the Far East and in the Atlantic although there are signs that of small revival in Baltic Market. The better fixtures heard were FESCO taking the 1200 teu VERENA for 24 months at Euro 12000 and the "Fesco Anadyr" 24mos being relet from Delphis to EWL at 13350usd which will be employed in EWL´s Ncont - Eccan - Caribs loop.

FIXTURES

Gearless

Northern Dexterity '08	APL
42,350dwat 3534teu (2353 @ 14ts) 500 reefers / 23,5kn on 122 ts 60mos ww trade	28000

Northern Dependant '08	APL
42,183dwat 3534teu (2353 @ 14ts) 500 reefers / 23,5kn on 122ts 60mos ww trade	28000

MSC Lugano '88	MSC
42,795 dwat 3032 teu (2415 @ 14ts) 100 reefers / 21kn on 92ts ext 48mos asia/med trade	private rate

Mare Thracium '97	Heung-A
34,705 dwat 2959teu (2031 @ 14ts) 260 reefers / 22kn on 82ts 8mos feast trade	28000

Rhoneborg '93	IRISL
20,027 dwat 1646teu (1295 @ 14ts) 298 reefers / 18,5kn on 46ts 6mos interasia trade	18300

Independent Action '92	IRISL
20,270 dwat 1388 teu (1000 @ 14ts) 75 reefers / 19,6kn on 39ts 12mos interasia trade	private rate

Ulrike F '05	US Lines
13,879 dwat 1118 teu (700 @ 14ts) 220 reefers / 19,5kn on 37ts 4mos seasia trade	13000

Tongan '07	HMS
12,110 dwat 935teu (620 @ 14ts) 200 reefers / 19,3kn on 33ts 12mos UK-Cont trade	15300

Beluga Modesty '07	Evergreen
10,600 dwat 917teu (623 @ 14ts) 206 reefers / 18kn on 36ts 12mos UK-Cont trade	15000

Geared

Stadt Weimar '06	Hapag Lloyd
37,570 dwat 2742 teu (2115 @ 14ts) 400 reefers / 21,8kn on 88 ts ext 36 mos ww trade	27100

Hansa Liberty '00	STX Panocean
33,912dwat 2470teu (1890 @ 14ts) 400 reefers / 21kn on 74ts 24mos feast trade	27750

Ems Trader '00	Hapag Lloyd
33,917 dwat 2442 teu (1886 @ 14ts) 400 reefers / 22kn on 79ts ext 25mos ww trade	27250

Santa Felicita '99	K-Line
30,135 dwat 2169 teu (1668 @ 14ts) 420 reefers / 19,7kn on 50,7ts 8mos seasia trade	23,800

Violetta '06	CMA CGM
22,267 dwat 1875 teu (1285 @ 14ts) 385 reefers / 21kn on 67ts 12mos cont/med trade	18500

Viking Osprey '06	Gold Star Line
23,600 dwat 1740 teu (1282 @ 14ts) 300 reefers / 20,5kn on 68ts option 12mos seasia trade	13500

Hansa Regensburg '08	Wan Hai Lines
23,579 dwat 1740 teu (1330 @ 14ts) 300 reefers / 20,5kn on 64ts 24mos interasia trade	17900

Hansa Ravensburg '08	Wan Hai Lines
23,419 dwat 1740 teu (1330 @ 14ts) 300 reefers / 20,5kn on 64ts 24mos seasia trade	17900

Cap Agulhas '05	PIL
23,579 dwat 1740 teu (1330 @ 14ts) 296 reefers / 20,5kn on 64ts 70 days interasia trade	18250

MarCalabria '93	GSL
23,276 dwat 1684 teu (1152 @ 14ts) 200 reefers / 19kn on 49ts 45 days seasia / west africa rv	18200

San Fernando '96	MSC
20,100 dwat 1512teu (1189 @ 14ts) 150 reefers / 19,6kn on 47ts 12mos ww trade	17000

Concord '94	CMA CGM
14,700 dwat 1452 teu (1011 @ 14ts) 150 reefers / 19kn on 48ts ext 16mos med trade	13400

Heluan '07	CMA CGM
17500 dwat 1304teu (850 @ 14ts) 258 reefers / 19kn on 45ts 12mos seasia trade	15350

Settsu '97	BTL
17,250dwat 1152teu (857 @ 14ts) 120 reefers / 19kn on 43ts 4mos iocean trade	13000

Saturn '96	CMA CGM
18,400dwat 1129teu (848 @ 14ts) 150 reefers / 19,8kn on 41,7ts ext 16 mos seasia trade	14400

Jade Trader '95	Interasia Line
14,700 dwat 1122 teu (762 @ 14ts) 150 reefers / 19,5kn on 42ts 8mos interasia trade	13400

TS Bankok '03	Far Shipping
13,760dwat 1118teu (700 @ 14ts) 220 reefers / 19,5kn on 41ts 4mos seasia trade	private rate

Tabago Bay '07	MCC
13,670dwat 1118teu (700 @ 14ts) 220 reefers / 19,6kn on 32ts 12mos feast trade	13100

Frisia Iller '07	SITC
13,760 dwat 1118teu (700 @ 14ts) 220 reefers / 19,6kn on 32ts 12mos seasia trade	13400

Stadt Muenchen '99	CMA CGM
12,918 dwat 1102 teu (650 @ 14ts) 160 reefers / 20kn on 43ts ext 12mos caribs trade	12850

El Marco '07	EWL
13,760 dwat 1100 teu (700 @ 14ts) 220 reefers / 18,4kn on 41ts 24mos caribs trade	13325

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