Market Report

Former Reports:

• 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
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• 16th January, 2004
• 18th December, 2003
• 4th December, 2003
• 17th November, 2003
• 27th October, 2003
• 26th September, 2003
• 3rd September, 2003
• Asiatic Wind´08

Container update 22nd April, 2009

The recent increase in charter activity has failed to halt the slide in charter rates. Current charter rates are below the daily operating costs for most ships sizes and continue to fall with owners hesitant about putting ships into "cold" layup. The difficulties in finding suitable locations and concerns about the costs and consequences of "reactivation" are the primary reasons for the hesitancy, rather than any expectation of improved rates in the short term.

After many months of complete inactivity in the 3000 teu plus sizes, MSC have returned to the charter market, taking some 6 x 4500-5000 teu ships in the last week alone. It is rumoured that they have also secured 6 x 8500 teu ships ex Daewoo for delivery in 2009 at just below usd 10000 x 24 months plus options. Their activity is particularly notable given that apart from SCI picking up a 3500 teu ship, there is a complete absence of demand from other liner companies in these sizes. Other Operators in fact have excess tonnage of their own in these sizes.

Apart from Hamburg Sued picking up 2 x good specification 2500 geared ships in the Atlantic for periods of 3-12 months in the low / mid usd 5000s and CCNI fixing a 2500 teu geared ship for 1 months business in the Atlantic, the 2000 - 3000 teu sizes remain particularly quiet.

The 1700 teu sizes have shown the largest decreases in charter rates in recent weeks. B170 types were heard to fix at usd 4600 in the Mediterranean for short period and PIL was heard to fix a Wenchong 1700 type for a West African Round voyage at usd 4750. The market for gearless types remains extremely quiet.

The 1100 teu market in Asia is perhaps the only source of some stability with rates holding around usd 4000. MCC (Singapore) in particular have been active in taking 1100 teu ships and for the first time in a long time, the market in Asia could be considered better than its Atlantic counterpart.

There is some talk of improving cargo volumes in Asia and all market participants will hope that this will materialise and at least provide a bottom to this market. 

 
 
 

FIXTURES

Gearless

Miriam Borchard´01	MSL
11382 dwat 868 teu (600 @ 14ts) 19kn on 33ts 3 mos	4000
AS Savonia´00	SINOKOR
21614 dwat 1679 teu (1230 @ 14ts) 21kn on 61ts 6 mos	4850
Rio Lawrence´05	Evergreen
12100 dwat 1150 teu (714 @ 14ts) 19kn on 43,5ts 6 mos	4150
Josco Lily´06	SITC
12820 dwat 1043 teu (655 @ 14ts) 18kn on 33ts 12 mos	4850
Eemsdijk´07	HSued
12400 dwat 869 teu (602 @ 14ts) 18,5kn on 34ts 3 mos	3900
Helga´03	CMA CGM
8700 dwat 822 teu (507 @ 14ts) 19kn on 37ts 4 mos	3850

Geared

Cala Pigafetta´08	MSC
37125 dwat 2785 teu (2170 @ 14ts) 22,5kn on 97,2ts 12 mos	5200
Aries´01	MSC
29240 dwat 1876 teu (1400 @ 14ts) 20,5kn on 70ts 6 mos	5250
Vega´01	CMA CGM
29500 dwat 1876 teu (1400 @ 14ts) 20,5kn on 70ts 6 mos	5250
Taurus´99	CMA CGM
29240 dwat 1837 teu (1392 @ 14ts) 21,5kn on 68ts 6 mos	5250
Terra Lumina´93	PIL
22281 dwat 1304 teu (1120 @ 14ts) 19kn on 43ts 6 mos	4450
La Bonita´93	PIL
22308 dwat 1304 teu (1120 @ 14ts) 19kn on 43ts 6 mos	4450
Mekhanik Moldovanov´91	CMA CGM
14190 dwat 1167 teu (687 @ 14ts) 17kn on 31ts 3 mos	3950
Mekhanik Kalyuzhniy´90	BTL
14140 dwat 1167 teu (687 @ 14ts) 17kn on 31ts 4 mos	4100
Weser Trader´95	DELMAS
14718 dwat 1131 teu (762 @ 14ts) 20kn on 42 ts 4 mos	4350
Stadt Hameln´07	CMA CGM
13760 dwat 1118 teu (700 @ 14ts) 19,5kn on 37ts 6 mos	3900
Fesco Askold´06	CMA CGM
13760 dwat 1118 teu (700 @ 14ts) 19,5 on 36ts 6 mos	4000
Libra J´99	MSC
14174 dwat 1116 teu (760 @ 14ts) 19kn on 39ts 12 mos	4400
Mondena´99	APL
12048 dwat 1115 teu (706 @ 14ts) 19kn on 44ts 6 mos	4400
Stadt Luebeck´01	CMA CGM
16794 dwat 1078 teu (854 @ 14ts) 19,5kn on 51,5ts 3 mos	4100
Pac Aquila´02	MCC Transport
16794 dwat 1078 teu (858 @ 14ts) 19,5kn on 51,5ts 6 mos	4200
Pauline´05	CMA CGM
11500 dwat 957 teu (604 @ 14ts) 18kn on 37ts 6 mos	4150
Medbaykal´07	KMTC
12000 dwat 957 teu (604 @ 14ts) 18,5kn on 37ts 6 mos	3950

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