Harper Petersen & Co – Ship brokers since 1943
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Market Report

Container update 2nd June, 2008


A real two tier market seems to have developed in the container charter market between the smaller sub 3000 teu sizes for 2008 positions and the forward market, especially in the panamax sizes.
 
In the larger 3000 teu plus market, there remains a definite shortage of ships with a number of 4300 teu ships for 2009 being committed at rates around usd 31000 x 60 months. Similarly 3500 teu ships remain in good demand although july 2008 delivery NORDWINTER was heard to fail on charterers subjects. The sublet market remains quite active in these larger sizes with Maersk especially heard to sublet a couple of 3500 teu ships around usd 30000 to ZIM.
 
However, the spot market for 3000 teu or below the market is softening. Apart from CMA CGM and MSC, the other Liner Companies seem to be quite inactive. 2800 teu fixtures have come down in both rate and period. 2800 teu Cape Manuel was heard fixing usd 24800 x 12 months to HATSU MARINE and it was rumoured that other ships had fixed off a prompt basis at sub usd 23000 for about 8 months. This is of course having an impact on 2000 teu ships as their rates also move further down.
 
A fairly quiet market in the 1700 teu sizes this week with a number of fixtures heard to fail on charterers subjects. Some support remains from break bulk operators who see good value in container ships compared to conventional MPP type ships. The CV1100 sizes were recovering from the recent spate of fixtures where about 4-5 ships were taken by CMA CGM from the Far East for WCCA / Caribs services. Apart from that the smaller 600 teu market remains remarkably resilient with ships still fixing well.
 
 
 

FIXTURES

Gearless

CSCL Africa '05 CMA CGM
101,612 dwat 8468teu (6230 @ 14ts)
700 rfs / 25kn on 248ts
4mos / asia trade
54000
   
Stadt Marburg '09 K Line
53,500 dwat 4380teu (2850 @ 14ts)
400 rfs / 24,3kn on 133ts
60 mos / ww trade
30500
   
Irenes Rainbow '06 PIL
39,382dwat 2824teu (2029 @ 14ts)
586 rfs / 24kn on 95ts
24mos / feast trade
26500
   
Cimbria '03 HLCL
39,384dwat 2824teu (2030 @ 14ts)
554 rfs / 24kn on 95ts
12mos / feast trade
27000
   
Northern Victory '97 MISC
40,080dwat 2808teu (2110 @ 14ts)
100 rfs / 18,5kn on 55ts
23 mos / feast trade
25500
   
STX Mumbai '07 ZIM
37,938dwat 2741teu (2118 @ 14ts)
400 rfs / 22kn 87ts
4 mos / asia trade
25500
   
Cape Manuel '08 Hatsu Marine
37,570dwat 2741teu (2116 @ 14ts)
400 rfs / 21,8kn on 88ts
12mos feast-aussie trade
24800
   
Merkur Star '96 MSC
41,553dwat 2638teu (2020 @ 14ts)
180 rfs / 20kn on 64ts
48mos / ww trade
23500
   
Nordwelle '05 PIL
34,740dwat 2572teu (1840 @ 14ts)
600 rfs / 22kn on 89,5ts
24mos / feast-meast trade
25000
   
Northern Endurance '06 Seaconsortium
33,838dwat 2456teu (1830 @ 14ts)
320 rfs / 21kn on 65ts
12mos / feast trade
27000
   
German S '90 Simatech
31,552dwat 2206teu (1800 @ 14ts)
100 rfs / 18,5kn on 55ts
16mos / seasia-meast trade
19250
   
H Ronneburg '04 Clan
23,508dwat 1740teu (1330 @ 14ts)
296 rfs / 20,5kn on 58ts
12mos / med trade
18250
   
King Bruce '07 CMA CGM
24,200dwat 1706teu (1250 @ 14ts)
300 rfs / 19,5kn on 50ts
12mos / med trade
17700
   
M.H. Thamrim '00 PIL
26,518dwat 1644teu (1350 @ 14ts)
200 rfs / 19kn on 51ts
12mos / seasia trade
14000
   
Reinbek '05 MSC
15,952dwat 1638teu (1090 @ 14ts)
311 rfs / 20kn on 49,5ts
6mos / ncont trade
16850
   
Eilbek '05 MSC
15,952dwat 1600teu (1090 @ 14ts)
311 rfs / 20kn on 49,5ts
6 mos / ncont trade
16850
   
Gallant Wave '96 TSK
20,278dwat 1512teu (1193 @ 14ts)
150 rfs / 18kn on 37ts
24mos / feast trade
17400
   
Cap Colville '97 PIL
24,166dwat 1510teu (1145 @ 14ts)
100 rfs / 18kn on 37ts
12mos / seasia trade
17250
   
Masovia '95 STX Pan Ocean
22,183dwat 1504teu (1180 @ 14ts)
200 rfs / 21kn on 61ts
12mos / feast trade
18200
   
Sinar Toba '90 PIL
22,734dwat 1404teu (1186 @ 14ts)
200 rfs / 19kn on 41ts
12mos / feast trade
17000
   


Geared

Patria '06 KMTC
34,496dwat 2600teu (1856 @14ts)
440 rfs / 22,1kn on 89,5ts
9mos / feast-india trade
25900
   
Palatia '06 CMA CGM
34,496dwat 2600teu (1856 @ 14ts)
440 rfs / 22,1kn on 89,5ts
7mos / easia trade
22800
   
Anafi '94 MSC
33,745dwat 2420teu (1850 @ 14ts)
300rfs / 20,5kn on 70ts
36mos / ww trade
20500
   
Santa Federica '98 Hanjin
30,007dwat 2169teu (1650 @ 14ts)
422 rfs / 19,5kn on 51ts
12mos / feast trade
20400
   
Santa Fabiola '99
   
Lobivia '01 UASC
30,375dwat 2078teu (1618 @ 14ts)
432 rfs / 21,5kn on 74ts
15mos / cont-pg trade
20950
   
Bonavia '95 CMA CGM
30,743dwat 2078teu (1700 @ 14ts)
414 rfs / 22,5kn on 72ts
12mos / feast-seasia trade
20250
   
Conti Hong Kong '89 GSL
26,288dwat 1743teu (1308 @ 14ts)
70 rfs / 18,5kn on 49ts
36mos / feast-seasia trade
18000
   
G E Lessing '06 CSAV
23,600dwat 1720teu (1330 @14ts)
300 rfs / 21kn on 64ts
16mos / usec-uswc trade
19000
   
Buxsailor '93 ZIM
23,465dwat 1684teu (1152 @ 14ts)
152 rfs / 19kn on 49ts
ext 12mos / cont trade
18000
   
Hansa Commodore '97 CMA CGM
21,480dwat 1645teu (1180 @ 14ts)
120 rfs / 19kn on 49ts
12mos / feast-meast trade
17500
   
H Langeland '03 MOSK
20,170dwat 1581teu (1051 @ 14ts)
288 rfs / 20kn on 49ts
ext 24 mos / feast-seasia trade
16900
   
San Vincente '93 Cosco
20,278dwat 1512teu (1193 @ 14ts)
150 rfs / 20kn on 51ts
12mos / feast-wafrica trade
18000
   
San Felipe '96 CMA CGM
20,058dwat 1512teu (1189 @ 14ts)
150 rfs / 19,6kn on 47ts
12mos / med trade
17750
   
Sea Navigator '95 CMA CGM
20,406dwat 1452teu (1009 @ 14ts)
150 rfs / 18,5kn on 47ts
12mos / feast trade
16200
   
Westermuehlen '93 CMA CGM
20,140dwat 1388teu (1014 @ 14ts)
75 rfs / 18,5kn on 45ts
12mos / med trade
16250
   
Sea Navigator '95 CMA CGM
20,150dwat 1388teu (1014 @ 14ts)
150 rfs / 19kn on 46ts
12mos / meast-wafrica trade
16250
   
Westermuehlen '93 CMA CGM
20,140dwat 1358teu (1000 @ 14ts)
150 rfs / 18,5kn on 45ts
12mos / med trade
16250
   
Mareno '00 MSC
17,500dwat 1174teu (815 @ 14ts)
120 rfs / 20kn on 52,5ts
12mos / med trade
13400
   
AS Venus '96 New Econ Line
18,400dwat 1129teu (848 @ 14ts)
150 rfs / 19kn on 37,5ts
12mos / seasia trade
14000
   
AS Mars '96 MOL
18,400dwat 1128teu (820 @ 14ts)
152 rfs / 18,5kn on 37,5ts
ext 12mos / feast trade
13800
   
Ulrike F '05 K Line
13,879dwat 1118teu (700 @ 14ts)
220 rfs / 19kn on 44ts
12mos / feast-seasia trade
12800
   
Otterhound '03 MSC
13,760dwat 1118teu (700 @ 14ts)
220 rfs / 20kn on 46ts
12mos / med trade
13800
   
Maren S '05 GSL
13839dwat 1118teu (700 @ 14ts)
220 rfs / 19,5kn on 38,5ts
12mos / feast trade
12550
   
El Flaco '07 TSK
13,760dwat 1118teu (700 @ 14ts)
220 rfs / 19,5kn on 36ts
30-40 days / feast trade
14500
   
Asian Star '05 MSC
13,823dwat 1118teu (700 @ 14ts)
240 rfs / 19,5kn on 36ts
12mos / med trade
12900
   
Vega Turmalin '99 MOSK
14,065dwat 1116teu (750 @ 14ts)
196 rfs / 19kn on 39ts
12mos / uswc-wcsa trade
13500
   
Hudson River '07 CMA CGM
13,760dwat 1116teu (700 @ 14ts)
220 rfs / 19,5kn on 38ts
12mos / feast trade
12500
   
Katrin S '95 ZIM
14,454dwat 1104teu (765 @ 14ts)
150rfs / 19kn on 38ts
12mos / usg trade
13300
   
Amazon River '07 AAL
13,619dwat 1092teu (700 @ 14 ts)
220 rfs / 19,5kn on 37ts
6mos / aussie trade
13100
   

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