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 8th October, 2009

On a positive note Liner Companies are reporting relatively good utilisation on their ships and in some cases freight rate increases have been achieved. This, however, does not translate into any improvement in the charter market, as liner companies rationalise their services and of course make sure their own ships are being used rather than those from independent owners.

This weak market combined with typical 4th quarter inactivity will result in even more ships being without charter. The figure of 1000 idle ships is being mentioned by some market observers as the number of ships idle come Christmas. As to charter rates, the usd 4000 per day mark is becoming a reality for ships of larger sizes. 1000 teu, 1700 teu ships are fixing around these levels and in recent weeks the rates for 2500 - 2800 teu are moving down towards this level. 2500 teu geared ships are fixing around in the usd 4500 - 4800 range for flexible periods up to 12 months, as per fixture of JULIA SCHULTE to SINOKOR for short period at usd 4500. 2800 teu ships are fixing around the usd 4800 per day mark, as per rumoured fixture of HANSA ROSTOCK to KLINE for 3 month plus options.

One interesting result of this weak charter market, that gives some hope to independent owners, is the number of new operators opening niche services around the world. Attracted by the lower-than-usual barriers to entry, new vessel operators are providing some well-received extra demand. Most of these remain extremely small concerns, however, there is some market speculation that further liner companies with larger ambitions will emerge in the coming months.

The SNP market has been more active these last weeks and there has even been the the first reported newbuilding order. The ABU DHABI NATIONAL OIL COMPANY (ADNOC) was heard to place an order for 2 x gearless 1000 teu ships in South Korea for mid 2011 delivery. Otherwise much of the SNP market was looking recently with interest to the result of the sale from Hanjin Shipyard of 3 x 6500 teu newbuildings originally ordered by IRISL. Unsurprisingly, despite a number of bids, the vessels have not been sold (yet) and market observers still expect a solution to be found between the parties involved.

 
 
 

FIXTURES

Gearless

Warnow Porpois´08	ZIM
18700 dwat 1296 teu (957 @ 14ts) 19,6kn on 45ts 3 mos	3800
Asian Zephyr´01	TSK
18077 dwat 1133 teu (870 @ 14ts) 18,5kn on 36ts 6 mos	4150
Fesco Voyager´98	KMTC
15231 dwat 1060 teu (774 @ 14ts) 18,5kn on 36ts 3 mos	4000
Mare Balticum´93	Dong Young
12715 dwat 1054 teu (645 @ 14ts) 17,5kn on 30ts 6 mos	3850
Stadt Ratzeburg´07	Winland
12800 dwat 1049 teu (671 @ 14ts) 18kn on 33ts 8 mos	4975
Josco View´06	SITC
12820 dwat 1043 teu (655 @ 14ts) 18kn on 33ts 12 mos	4850
Annika´08	SITC
12800 dwat 1043 teu (655 @ 14ts) 18kn on 33ts 4 mos	4350
Cape Creus´00	KMTC
10500 dwat 834 teu (590 @ 14ts) 18kn on 33ts 3 mos	3750
Francop´03	UFS
8622 dwat 822 teu (507 @ 14ts) 18,5 ts 36,6ts 3 mos	3600
Avila´03	MCL
8700 dwat 822 teu (507 @ 14ts) 19kn on 37ts 4 mos	3500
Pachuca´05	MAC Andrews
9238 dwat 750 teu (448 @ 14ts) 18,2kn on 30ts 4 mos	3550

Geared

Stadt Wismar´06	CMA CGM
37785 dwat 2741 teu (2115 @ 14ts) 21,8kn on 88ts 6 mos	5500
Melbourne Strait´08	King Ocean
25826 dwat 1795 teu (1312 @ 14ts) 20,5kn on 60,4ts 8 mos	4250
Santa Rosa´92	Seacon
30078 dwat 1742 (1527 @ 14ts) 19,5kn on 47,5ts 6 mos	4400
Terra Lumina´93	PIL
22281 dwat 1304 teu (1120 @ 14ts) 19kn on 43ts 6 mos	4250
La Bonita´93	PIL
22308 dwat 1304 teu (1120 @ 14ts) 19kn on 43ts 6 mos	4250
Arsos´07	CMA CGM
18700 dwat 1296 teu (957 @ 14ts) 19,6kn on 45ts 3 mos	4200
Besire Kalkavan´97	Tarros Line
12191 dwat 1147 teu (712 @ 14ts) 19kn on 45ts 6 mos	4200
El Dorado´06	MCC Transport
13760 dwat 1118 teu (700 @ 14ts) 19,5kn on 36ts 6 mos	3900
DS Agility´08	Sinokor
13760 dwat 1118teu (700 @ 14ts) 19,5kn on 36ts 3 mos	4000
Asian Trader´03	MCC Transport
13732 dwat 1118 teu (700 @ 14ts) 19,5kn on 36ts 3 mos	3850
Aisian Glory´05	Seaboard
13760 dwat 1118teu (700 @ 14ts) 19,6kn on 41ts 3 mos	3850
Frisia Iller´07	MEL
13760 dwat 1114 teu (700 @ 14ts) 19,6kn on 42ts 6 mos	4150
Heinrich Sibum´07	King Ocean
11821 dwat 957 teu (604 @ 14ts) 18,5kn on 37ts 6 mos	4300
Regina Eberhardt´84	CMA CGM
8968 dwat 755 teu (510 @ 14ts) 16kn on 23,5ts 3 mos	3450

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