Market Report

Former Reports:

• 16th September, 2010
• 29th July, 2010
• 2nd July, 2010
• 20th May, 2010
• 20th April, 2010
• 26th March, 2010
• 17th February, 2010
• 29th January, 2010
• 17th December, 2009
• 17th November, 2009
• 8th October, 2009
• 15th September, 2009
• 16th July, 2009
• 20th May, 2009
• 22nd April, 2009
• 20th March, 2009
• 20th February, 2009
• 23rd January, 2009
• 19th December, 2008
• 27th November, 2008
• 13th November, 2008
• 22nd October, 2008
• 26th September, 2008
• 15th September, 2008
• 26th August, 2008
• 6th August, 2008
• 17th July, 2008
• 2nd June, 2008
• 15th May, 2008
• 15th February, 2008
• 14th November, 2007
• 1st August, 2007
• 12th June, 2007
• 26th April, 2007
• 3rd March, 2007
• 12th January, 2007
• 19th October, 2006
• 24th August, 2006
• 13th July, 2006
• 8th June, 2006
• 10th May, 2006
• 4th April, 2006
• 28th February, 2006
• 18th January, 2006
• 15th December, 2005
• 17th November, 2005
• 18th October, 2005
• 13th September, 2005
• 15th August, 2005
• 11th July, 2005
• 9th June, 2005
• 9th May, 2005
• 5th April, 2005
• 22nd February, 2005
• 26th January, 2005
• 29th December, 2004
• 3rd December, 2004
• 15th November, 2004
• 27th October, 2004
• 29th September, 2004
• 2nd September, 2004
• 16th August, 2004
• 30th July, 2004
• 30th June, 2004
• 9th June, 2004
• 19th May, 2004
• 26th April, 2004
• 14th April, 2004
• 29th March, 2004
• 15th March, 2004
• 1st March, 2004
• 13th February, 2004
• 2nd February, 2004
• 16th January, 2004
• 18th December, 2003
• 4th December, 2003
• 17th November, 2003
• 27th October, 2003
• 26th September, 2003
• 3rd September, 2003

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.