Harper Petersen & Co – Ship brokers since 1943
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Market Report

Container update 26th September, 2008


The container charter market remains very quiet with very few new requirements appearing in the market. "Spot" ships are now a feature in Asia, the North Continent and now the Caribbean, which had previously remained immune. With this very limited demand, rates have continued to fall in all sizes.

Apart from a number of relets from HMM being snapped up by the insatiable MSC, there has been little activity above 3000 teu. For example, the 3000 teu Geard WADI ALRAYAN has been without business in the Med for 6 weeks now. We saw quite some activity in the 2000 - 3000 teu sizes with a couple of fixtures in the mid usd 17000 - 18000 range. It was also rumoured that SAMUDERA had picked up the 2500 teu Geared THOMAS MANN for 12 months at usd 17000 for a Mid East service.

The 1700 teu sizes remain most under pressure with a number of ships sitting in Asia without business. It was rumoured that ships were now fixing sub usd 12000 for period. 1000 teu ships had been remarkably resilient in the rates they were achieving, but it now appears that they have now succombed and rumours were heard of fixtures below usd 10000 for 6 months - a FESCO Cv1100 type was rumoured fixed for 6 months at usd 9700.

The upcoming National Day holidays in China and end of Ramadan celebrations worldwide will not help the market to improve and the quiet times are expected to continue.


 
 
 

FIXTURES

Gearless

Hyundai Confidence '03 MSC
68250 dwat 5443 teu
500 rfs / 25,5kn on 202ts
24 mos / feast trade
32000
   
STX Mumbai '08 Hapag Lloyd
37901 dwat 2742 teu (2115 @ 14ts)
400 rfs / 21,8kn on 88ts
12 mos / feast trade
17500
   
Passat Spring '06 Hapag Lloyd
39350 dwat 2732 teu (2267 @ 14ts)
500 rfs / 22,5kn on 85,5ts
12 mos / ww trade
18500
   
Martha Russ '06 Seacon
13760 dwat 1116 teu (700 @ 14ts)
220 rfs / 19,6kn on 41ts
6 mos / ww trade
10500
   
Stadt Ratzeburg '07 OEL
12800 dwat 1049 teu (671 @ 14ts)
180 rfs / 18kn on 33ts
12 mos / ww trade
10500
   
Hanjin Cairo '01 MSC
68086 dwat 5447 (4202 @ 14ts)
500 rfs / 25kn on 219ts
24 mos / feast trade
38000
   
Andalusia '01 Marfret
30705 dwat 2262 teu (1744 @ 14ts)
435 rfs / 21,5kn on 85ts
12 mos / med trade
17000
   


Geared

H Freyburg '03 CMA CGM
23508 dwat 1740 (1330 @ 14ts)
300 rfs / 21kn on 64ts
6 mos / med trade
12400
   
Montemar Europa '03 CSAV
23190 dwat 1728 teu (1125 @ 14ts)
250 rfs / 20kn on 53ts
6 mos / cont-med trade
12500
   
Ocean Bird '08 Seacon
21700 dwat 1713 teu (1274 @ 14ts)
377 rfs / 20kn on 59,7ts
12 mos / ww trade
12000
   
Teval ' 94 Melfi
20150 dwat 1388 teu (1010 @ 14ts)
200 rfs / 18,6 kn on 46ts
12 mos / ww trade
12750
   
Formosa Container 7 '07 MCC
13760 dwat 1019 teu (710 @ 14ts)
220 rfs / 19,5kn on 42ts
6 mos / feast trade
10400
   
Buxlink '02 Hapag Lloyd
34100 dwat 2468 (1912 @ 14ts)
400 rfs / 22kn on 74ts
2 mos / anz-feast trade
16200
   
Merkur '96 CMA CGM
18447 dwat 1128 (820 @ 14ts)
152 rfs / 18,5kn on 37,5ts
8 mos / med trade
11350
   
Surinam River '05 Tarros Line
13760 dwat 1118 teu (700 @ 14ts)
220 rfs / 19,5kn on 36ts
12 mos / med trade
11450
   

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