Harper Petersen & Co – Ship brokers since 1943
Imprint
Privacy

Market Report

Container update 27th November, 2008


Short and sharp this week with the charter rates mentioned in the fixtures below explaining all that is happening in this "falling" market.

The container market continues to move further down as the traditional slack season begins. Close to 100 ships are counted as "idle" and this figure will increase as liner companies take out further tonnage from the main haul trades. We are beginning to get to the stage when rates for all ships are worth nearly the same levels ie OPEX costs. 1100 teu ships are now fixing in the usd 5000s for short period; 1700 teu ships are fixing in the mid 6000s; and it is difficult to put rates to ships above 2000 teu due to absence of fixtures, short or long.

There is little cheer in the bulk market either. 26th November saw the lowest level on the Baltic Dry Index for 21 years. It stands at 93.5 pct of the peak in May this year, with the Capesizes being down an amazing 98.8 pct!


 
 
 

FIXTURES

Gearless

Warnow Vaquita '08 TS Lines
18700 dwat 1296 teu (957 @ 14ts)
390 rfs / 19,6kn on 45ts
2 mos / feast trade
6600
   
Cape Fresco '04 CNC
16439 dwat 1200 teu (870 @ 14ts)
150 rfs / 19kn on 41ts
3 mos / feast trade
6250
   
Rio Lawrence '05 CMA CGM
12100 dwat 1150 teu (714 @ 14ts)
232 rfs / 19kn on 43,5ts
3 mos / feast trade
5975
   
Medaegean '08 SITC
12000 dwat 990 teu (621 @ 14ts)
254 rfs / 18,8kn on 37ts
3 mos / feast trade
5500
   
Cape Creus '00 KMTC
10500 dwat 834 teu (590 @ 14ts)
80 rfs / 18kn on 33ts
6 mos / feast trade
5500
   


Geared

Pacific Trader '96 CMA CGM
22525 dwat 1608 teu (1124 @ 14ts)
200 rfs / 21kn on 58,9ts
3 mos / feast trade
8300
   
Cape Fraser '06 MISC
16420 dwat 1200 teu (870 @ 14ts)
150 rfs / 19kn on 41ts
9 mos / feast trade
6800
   
Merkur '96 CMA CGM
18447 dwat 1128 teu (820 @ 14ts)
152 rfs / 18,5kn on 37,5ts
3 mos / cont trade
6000
   
Agaman '99 APL
5562 dwat 518 teu (280 @ 14ts)
84 rfs / 15kn on 16ts
6 mos / usg-caribs trade
7250
   

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