Harper Petersen & Co – Ship brokers since 1943
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Market Report

Container update 26th August, 2008
The rather pessimistic market outlook we gave in our last report remains unchanged with few positive factors to stop the downward trend. Added to the weaker than expected export volumes fueled by temporarily closed factories due to factory holidays and the Olympics, was the news last week that Shandong Yantai Marine Shg Co (SYMS) was ceasing trading and redelivering all of the ships on their charter.

This has resulted in an additional 12 ships in the range of 700-1600 teu available on the market, adding to those already seeking employment on the open market. Whilst most open ships in the past 2 weeks have been able to find business from other China / Japan operators, although at still declining rates, it remains to be seen whether all will find employment on an immediate basis, especially the larger 1700 teu ships that they had on charter.

Above 3000 teu we have seen some activity from the South American operator Clan which fixed the HS Wagner (3534 teu, 2353@14ts, 22,5kn on 128mts, 400rfs, gless) at 25000usd for a period of 12 mos with further options attached to be deployed in their feast/ecsa trade. Fairly decent fixtures can be reported from the 2700 teu segment considering the 20500usd the Main & Donau Trader achieved with TS Lines, but this deal has been concluded some weeks ago and is not at all reflecting the current market conditions where rates have dropped below the 20000usd mark.

The 1700 teu sizes remain the size most under pressure with rates dropping to mid usd 13000s for 1300@14t Wenchong types and down to usd 12000 for older Bv1600 - 1700 types. With ships continuously available these sizes remain under pressure.


 
 
 

FIXTURES

Gearless

Mare Thracium '97 KMTC
34705 dwat 2959teu (2031 @ 14ts)
260 rfs / 22kn on 82ts
24 mos / feast trade		 19250
   
Main Trader '08 TS Lines
38100 dwat 2702teu (2070 @ 14ts)
500 rfs / 21,8kn on 88ts
14 mos / feast trade		 20500
   
Donau Trader '08 TS Lines
38100 dwat 2702teu (2070 @ 14ts)
500 rfs / 21,8kn on 88ts
14 mos / feast trade		 20500
   
Nordsea '96 CMA CGM
22386 dwat 1684teu (1100 @ 14ts)
120 rfs / 19,5kn on 48,8ts
6 mos / cont-med trade		 13500
   
Cape Scott '97 MCC
13762 dwat 1055teu (760 @ 14ts)
90 rfs / 18,5kn on 38ts
7 mos / feast trade		 12000
   
Veersedijk '01 Unifeeder
8441 dwat 698teu (421 @ 14ts)
150 rfs / 17,5kn on 27,2ts
6 mos / cont trade		 9120
   
JRS Canis '05 Unifeeder
8400 dwat 694teu (436 @ 14ts)
120 rfs / 17,5kn on 32ts
6 mos / cont trade		 9120
   


Geared

Poseidon Hope '08 MSL
34000 dwat 2556teu (1834 @ 14ts)
600 rfs / 21,5kn on 82ts
60 mos / feast trade		 21200
   
Poseidon Hero '09 MSL
34000 dwat 2556teu (1834 @ 14ts)
600 rfs / 21,5kn on 82ts
60 mos / feast trade		 21200
   
Poseidon Goal '09 MSL
34000 dwat 2556 (1834 @ 14ts)
600 rfs / 21,5kn on 82ts
60 mos / feast trade		 21200
   
Poseidon Glory '09 MSL
34000 dwat 2556teu (1834 @ 14ts)
600 rfs / 21,5kn on 82ts
60 mos / feast trade		 21200
   
Poseidon Fame '10 MSL
34000 dwat 2556teu (1834 @ 14ts)
600 rfs / 21,5kn on 82ts
60 mos / feast trade		 21200
   
Poseidon Faith '09 MSL
34000 dwat 2556teu (1834 @ 14ts)
600 rfs / 21,5kn on 82ts
60 mos / feast trade		 21200
   
Wilhelm Busch '07 Hapag Lloyd
23400 dwat 1732 (1275 @ 14ts)
300 rfs / 21kn on 64ts
12 mos / feast trade		 14000
   
Taurus J '02 Delmas
18400 dwat 1157teu (909 @ 14ts)
250 rfs / 19kn on 38ts
6 mos / med trade		 13500
   
Tokata '06 MSC
13760 dwat 1118teu (700 @ 14ts)
220 rfs / 19,6kn on 37ts
6 mos / ww trade		 11500
   
Ellen S '07 MCC
13760 dwat 1118teu (700 @ 14ts)
542 rfs / 19,6kn on 38,5ts
7 mos / feast trade		 11750
   

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