Harper Petersen & Co – Ship brokers since 1943
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Market Report

Container update 15th September, 2009
The so-called "peak cargo season" came and went with little affect to the charter market in respect to hire rate increases. There was at least more activity, particularly in the 2000 teu plus sizes. CSAV fixed a number of 2500 - 2800 teu ships; IRISL fixed a number of ships 2800 - 3500 teu ships for Far East - Middle East round voyages and trips to the Med; and MISC continued to pick up additional 4300 teu ships. It is noteworthy that Liner companies have been active in subletting tonnage between themselves in these sizes.

The 1000 - 2000 teu segment remained stable with rates hovering in the low usd 4000s for 1700 teu sizes and around usd 4000 for 1100 teu types. The Caribbean has been particularly quiet in these sizes and it was heard that a number of liner companies were rationalising their services and using larger 2500 teu ships rather than the traditional 1100 teu size feeders. This will potentially further depress the market.

The sub 1000 teu market continues to be poor with large numbers of ships lying idle both in the N Continent feeder market and the China / Japan / Korea feeder market. The market has been so poor that even some Chinese owners have been seen to "lay up" ships.

Looking at the bigger picture, there is some encouraging news. Cargo volumes continue to increase on a month-on-month basis and some liner companies have reported success in achieving freight rate increases. On the supply side, one market analyst, Alphaliner, estimates that the fleet growth in 2009 will only be 7.3 pct rather than 13.4 pct which was previously forecast, largely down to owners being able to cancel and delay some orders. They also estimate that some 145 ships have been scrapped so far this year. If this market is to return to equilibrium anytime soon, both cargo growth and increased scrapping will need to continue.


 


 
 
 

FIXTURES

Gearless

JPO Vela´09 MISC
52000 dwat 4252 teu (2800 @ 14ts)
24,5kn on 133ts
12 mos		 6600
   
Barents Strait´08 CMA CGM
23965 dwat 1702 teu (1250 @ 14ts)
20kn on 62ts
6 mos		 4350
   
Warnow Vaquita´08 MCC Transport
18700 dwat 1296 teu (957 @ 14ts)
19,6kn on 45ts
3 mos		 4100
   
Stadt Gera´07 Dole
18480 dwat 1296 teu (957 @ 14ts)
19,6kn on 45ts
3 mos		 4000
   
Besire Kalkavan´07 ZIM
12600 dwat 1145 teu (714 @ 14ts)
19kn on 43,5ts
3 mos		 3850
   
Frisia Alster´07 MEL
13760 dwat 1118 teu (700 @ 14ts)
19,5kn on 36ts
8 mos		 4225
   
Stadt Lauenburg´07 Sinotrans
12800 dwat 1049 teu (671 @ 14ts)
18kn on 33ts
8 mos		 4950
   
Beluga Mobilisation´09 Seacon
10802 dwat 917 teu (623 @ 14ts)
18kn on 32ts
7 mos		 4250
   
Beluga Majesty´06 Seacon
10600 dwat 917 teu (623 @ 14ts)
18kn on 36ts
7 mos		 4250
   


Geared

Buxlink´02 Seacon
34100 dwat 2468 teu (1912 @ 14ts)
22kn on 74ts
6 mos		 4200
   
Cielo d`Europa´02 Log-In Logistica
33900 dwat 2452 teu (1886 @ 14ts)
21,8kn on 75ts
12 mos		 5200
   
Santa Federica´98 Hanjin
30007 dwat 2169 teu (1668 @ 14ts)
20kn on 50,7ts
11 mos		 4500
   
Aries´01 MSL
29240 dwat 1876 teu (1400 @ 14ts)
20,5kn on 70ts
6 mos		 5000
   
Sicilia´08 PIL
25899 dwat 1795 teu (1312 @ 14ts)
20,5kn on 60,4ts
11 mos		 4550
   
Ocean Bright´07 MCC Transport
22300 dwat 1713 teu (1240 @ 14ts)
20kn on 59,7ts
6 mos		 4250
   
Juliana´09 Hanjin
17350 dwat 1341 teu (925 @ 14ts)
20kn on 52ts
6 mos		 4085
   
Surinam River´05 Tarros Line
13760 dwat 1118 teu (700 @ 14ts)
19,5kn on 36ts
6 mos		 4200
   
Satdt Berlin´98 CMA CGM
12920 dwat 1102 teu (675 @ 14ts)
20kn on 43ts
3 mos		 4200
   
Lania´02 CMA CGM
13760 dwat 1102 teu (675 @ 14ts)
20kn on 43ts
4 mos		 4200
   

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