Harper Petersen & Co – Ship brokers since 1943
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Market Report

Container update 22nd October, 2008
The number of ships sitting spot are only increasing and considering November, December and January are generally quiet months, we expect the numbers to increase by the close of 2008. The continued troubled financial markets and the decline of the bulk market has only gone to reinforce the negative sentiment in the container market.

The 2800 - 2500 teu ships sizes are again under pressure with ships sitting "spot" again. Rates have fallen from usd 15000 which fixed last week, to rumours of ships being fixed in the usd 12000s this week for short period in the Far East. 1700 teu ships have now broken through the psychological usd 10000 barrier for 6 months period and are now fixing in the usd 9000s.

The 1100 teu sizes have come under particular pressure the last few days. Having remained remarkably resilient, we now hear of fixtures of cv1100s in the low usd 7000s in the Far East. The Atlantic market is slightly better, but the closure of SAILS's services will not help the market. The charter rates in the China / Japan feeder market, remain quite stable with good specification 600 teu ships fixing around usd 7000. The China / Japan trades remain somewhat immune to the freefalling freight rates in the main haul services, primarily because the rates have been at such low levels for a while now.


 
 
 

FIXTURES

Gearless

King Alfred '07 MSL
37937 dwat 2742 teu (2115 @ 14ts)
400 rfs / 21,8kn on 88ts
12 mos / cont trade		 15500
   
Barents Strait '08 TS Lines
23965 dwat 1702 teu (1250 @ 14ts)
300 rfs / 20kn on 62ts
6 mos / feast trade		 10500
   
Montania '96 CMA CGM
22148 dwat 1504 teu (1180 @ 14ts)
200 rfs / 21kn on 61ts
6 mos / feast trade		 9800
   
Algerian Express '95 KMTC
18585 dwat 1471 teu (1150 @ 14ts)
42 rfs / 19kn on 40ts
1 mos / feast trade		 9500
   
Anna E '92 IRISL
20270 dwat 1388 teu (1014 @ 14ts)
75 rfs / 17,5kn on 35ts
6 mos / feast trade		 9500
   
Olympian Racer '05 MCC Transport
13760 dwat 1118 teu (700 @ 14ts)
220 rfs / 19,5kn on 21ts
2 mos / feast trade		 9600
   
Lantau Bee '08 SITC
12400 dwat 1049 teu (655 @ 14ts)
180 rfs / 18kn on 33ts
12 mos / meast trade		 10100
   
Lantau Beach '07 Hanjin
12818 dwat 1049 teu (655 @ 14ts)
180 rfs / 18kn on 33ts
6 mos / med trade		 8250
   
Beluga Magician '05 SITC
10802 dwat 917 teu (623 @ 14ts)
206 rfs / 18kn on 32ts
6 mos / feast trade		 9000
   
Reestborg '94 IAL
7285 dwat 558 teu (417 @ 14ts)
100 rfs / 17,5kn on 28,5ts
5 mos / feast trade		 6450
   


Geared

Santa Annabella '00 HSued
32100 dwat 2506 teu (1820 @ 14ts)
420 rfs / 23kn on 86ts
3 mos / usat trade		 15500
   
Conti Malaga '97 MSC
34083 dwat 2464 teu (1860 @ 14ts)
300 rfs / 21ts on 67kn
12 mos / med trade		 15000
   
Vulkan '96 Seacon
22982 dwat 1730 teu (1125 @ 14ts)
200 rfs / 20kn on 54ts
3 mos / ww trade		 10250
   
Laura Schulte '04 HSued
23579 dwat 1718 teu (1330 @ 14ts )
300 rfs / 20,5kn on 60ts
1 mos / cont trade		 11000
   
Francisca Schulte '98 Hapag
22250 dwat 1608 teu (1086 @ 14ts)
200 rfs / 21kn on 60ts
1 mos / ww trade		 11500
   
Mizar '05 HSued
17350 dwat 1347 teu (925 @ 14ts)
413 rfs / 20kn on 52ts
5 mos / usg-caribs trade		 9500
   
Heluan '07 CMA CGM
17500 dwat 1304 teu (850 @ 14ts)
258 rfs / 19 kn on 45 ts
6 mos / ww trade		 11000
   
Caravelle '96 MSL
14700 dwat 1122 teu (758 @ 14ts)
150 rfs / 19kn on 44ts
1 mos / med trade		 9100
   
Pacific Hawk '08 APL
13760 dwat 1118 teu (700 @ 14ts)
200 rfs / 19,5kn on 41ts
12 mos / ww trade		 10500
   
Frisia Spree '08 KMTC
13760 dwat 1114 teu (700 @ 14ts)
220 rfs / 19,6 kn on 42 ts
4 mos / feast trade		 9700
   
Medbaykal '07 KMTC
11800 dwat 957 teu (604 @ 14ts)
244 rfs / 18,5kn on 37ts
1 mos / feast trade		 9200
   
Shimanami '99 SITC
8515 dwat 580 teu (396 @ 14ts)
100 rfs / 15,5kn on 20ts
12 mos / feast trade		 7100
   

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