Harper Petersen & Co – Ship brokers since 1943
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Market Report

Container update 20th February, 2009


While chartering activity in general has picked up slightly since our last report, rates & periods have not shared this excitement and remained at fairly low levels. This development is once again no surprise as the number of idle ships has kept rising constantly over the last 4 weeks and reached a total of 392 ships, reflecting 8,8pct of the cellular fleet and accumulative 1,100,00teu. Newbuilings and to-be-phased-out ships will further add to this number in the weeks to come and we expect a further increase in the next months.

Some positive news can be reported from the bulk segment as most Index´s have been slightly adjusted over the last weeks and chartering activity has picked up nicely there. Same can be reported from the demolition front as Owners of elderly, uneconomic ships are forced to dispose their ships as they´d be the last one´s to be employed under the current market conditions.

Charterer´s have done a decent job lately to secure quality and high spec tonnage while Owners have been forced to except delivery in very remote area´s along with long positioning voyages to secure employment and keep the ships running. Above 2000teu activity remained non-existent with only very few & short-term deals reported as most operators deal with their own, surplus tonnage first before chartering tonnage from the market. There are rumours of 2800 teu vessels on subjects in Asia at low numbers for longer period. Around the 1700teu segment Wenchong types definitely have an edge over other 1700 teu types and find employment easier than the latter. However, terms and conditions of these fixtures remain almost the same and it simply comes down to better specs & economics which make them more applicable for most trade lanes. Hamburg Sued for example has been one of these players lately, chartering the "HS Semetena" (Grd, 1740teu nom, 1295 @ 14ts, 20kn on 64ts)for 6mos at roughly 6000usd. Standard 1700s are now fixing at in the mid usd 5000s for geared tonnage and v low 5000s for gls tonnage.

A few new niche players have emerged already with Account "Bolouda" taking the "Neuburg" (gless, 812teu, 515 @ 14ts, 18,5kn on 34,5ts) & "Skirner" (gless, 803teu, 380teu @ 14ts, 18,5kn on 34,5ts) for short period. Considering the current market levels we expect more operators to emerge and challenge the established services.

As you can imagine, we expect rates & periods not to rebound soon despite the on-going efforts around the globe to stimulate the world economy.


 


 
 
 

FIXTURES

Gearless

King Byron´07 CMA CGM
24200 dwat 1706 teu (1250 @ 14ts)
19,5kn on 50ts
6 mos
6000
   
Warnow Vaquita´08 STX Panocean
18700 dwat 1296 teu (957 @ 14ts)
19,6kn on 45ts
3 mos
4900
   
ACX Cosmo´95 MOSK
18106 dwat 1241 teu (1000 @ 14ts)
18kn on 36ts
6 mos
4670
   
Cape Fresco´04 CNC
16439 dwat 1200 teu (870 @ 14ts)
19kn on 41ts
3 mos
5000
   
Antigoni´08 SITC
12800 dwat 1043 teu (655 @ 14ts)
18kn on 33ts
6 mos
5200
   
Elite´05 OPDR
13740 dwat 1008 teu (720 @ 14ts)
18kn on 35ts
4 mos
5300
   
Neuburg´04 Bolouda
9500 dwat 812 teu (515 @ 14ts)
18,5kn on 34,5ts
4 mos
5100
   
Skirner´06 Bolouda
9400 dwat 803 teu (380 @ 14ts)
18,5kn on 34,5ts
4 mos
5100
   
Kristin Schepers´08 Delta
9500 dwat 803 teu (518 @ 14ts)
18,5kn on 34,5ts
6 mos
3850
   
Jork Ruler´07 Delta
9334 dwat 803 teu (518 @ 14ts)
18,5kn on 34,5ts
6 mos
3850
   


Geared

HS Semetena´06 HSUED
23579 dwat 1740 teu (1295 @ 14ts)
20kn on 64ts
6 mos
6000
   
Samira´00 ZIM
25360 dwat 1716 teu (1305 @ 14ts)
22kn on 64ts
12 mos
6500
   
Francisca Schulte´98 MSC
22015 dwat 1608 teu (1086 @ 14ts)
21kn on 60ts
6 mos
5500
   
Helvetia´96 CMA CGM
20084 dwat 1519 teu (1178 @ 14ts)
20kn on 50ts
6 mos
5700
   
Saturn´96 CMA CGM
18400 dwat 1128 teu (848 @ 14ts)
18,5kn on 37,5ts
5 mos
5500
   
Vega Saturn´08 Seafreight
13760 dwat 1118 teu (700 @ 14ts)
19,5kn on 41ts
6 mos
5200
   
Turtle Bay´06 MCC Transport
13760 dwat 1118 teu (700 @ 14ts)
19,5kn on 36ts
7 mos
4650
   
Frisia Spree´08 KMTC
13760 dwat 1114 teu (700 @ 14 ts)
19,6kn on 42ts
4 mos
4800
   
Stadt Berlin´98 Seafreight
12920 dwat 1102 teu (675 @ 14ts)
20kn on 43ts
6 mos
5200
   
Pirsos´04 Seafreight
12920 dwat 1102 teu (675 @ 14ts)
20kn on 43ts
12 mos
5200
   
Lania´02 CMA CGM
13760 dwat 1102 teu (675 @ 14ts)
20kn on 43ts
6 mos
5200
   
Mare Hibernum´95 SCI
12571 dwat 1012 teu (636 @ 14ts)
17,5kn on 30,5ts
6 mos
4000
   
Alexander Sibum´06 IAAC
11500 dwat 957 teu (604 @ 14ts)
18kn on 37ts
6 mos
4875
   

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