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
• 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
• Asiatic Wind´08

Container update 29th January, 2010

The container charter market has started off 2010 briskly with ships in excess of 4000 teu being in particular demand. The activity has been prompted by a number of factors, primarily a reported increase in cargo volumes, as well as the fact that more operators are adopting slow steaming on their services. CSAV, MSC and CMA CGM have been particularly active recently, although this last week has seen a number of other operators enter the market which should provide additional impetus.

Charter rates for 4300 - 5000 teu vessels have moved up from the the usd 6000 - 6500 levels at the end of 2009 to at least the mid usd 7000s with the owners of remaining vessels now looking for levels in the mid usd 8000s. 5700 teu vessels are rumoured to have been fixed at usd 9000 in the last week and the next fixtures are expected to be concluded above usd 10000. In the 8000 teu plus sizes, levels of usd 12500 were reported for fixtures of upto 12 months and usd 14500 was reported for a relet 8500 teu ship for a Far East - Europe round voyage. Above 8000 teu, the only ships remaining available are potential sublet tonnage from Liner Companies, however, these Liner companies are rumoured to be asking for rates at least at usd 20000.

This activity in the larger sizes has not exactly been replicated in the smaller sizes. 2000 - 3000 teu sizes remain generally quiet although it is rumoured that fixtures for 12 months have been concluded at rates close to mid usd 5000s for good specification vessels 2500 teu ships. This marks at least a 10 pct increase in the charter rate compared to recent fixtures in the mid - high usd 4000s. Otherwise the interest in charter ships smaller than 1700 teu remains patchy at best. Owners with ships open in the Atlantic report good demand, however, activity in Asia remains weak.

As the Year of The Tiger approaches, it will be interesting to see whether this recent activity will continue through Chinese New Year or whether the activity will be shortlived. Given the positive cargo forecasts and freight rate improvements, we are expecting demand and charter rates to continue to increase for the larger ships, however, we expect it to take longer to filter through to the smaller sizes.

 
 
 

FIXTURES

Gearless

Bellavia´05	MSC
66478 dwat 5117 teu (3370 @ 14ts) 25kn on 165ts 12 mos	7400
Pusan Senator´97	MSC
63645 dwat 4800 teu (3361 @ 14ts) 24kn on 164ts 12 mos	6800
Northern Promotion´10	MSC
58270 dwat 4600 teu (2930 @14ts) 24kn on 133ts 12 mos	6000
Northern Divinity´97	MISC
45117 dwat 3606 teu (2610 @ 14ts) 23,5kn on 109ts 12 mos	5500
Medcoral´09	CMA CGM
21800 dwat 1496 teu (1100 @ 14ts) 19,6kn on 45ts 6 mos	4200
Victoria Trader´08	YSC
18500 dwat 1296 teu (975 @ 14ts) 19,6kn on 45ts 3 mos	4000
Michigan Trader´08	ZIM
18500 dwat 1296 teu (957 @ 14ts) 19,6kn on 45ts 3 mos	3950
Dora C´09	Sinoline
12800 dwat 1043 teu (655 @ 14ts) 18kn on 33ts 12 mos	5050
Antigoni´08	Winland
12800 dwat 1043 teu (655 @ 14ts) 18kn on 33ts 12 mos	5000
Merwe Trader´06	King Ocean
12500 dwat 957 teu (604 @ 14ts) 18kn on 37ts 6 mos	4300
Cape Capricorn´00	Sinokor
10974 dwat 820 teu (600 @ 14ts) 18kn on 32ts 3 mos	3600

Geared

Santa Carolina´00	MSC
40125 dwat 3430 teu (2325 @ 14ts) 23,5kn on 113ts 12 mos	5500
Ulf Ritscher´01	CMA CGM
33750 dwat 2526 teu (1950 @ 14ts) 22kn on 74ts 12 mos	4850
Nordeagle´97	Sinokor
28370 dwat 2105 teu (1466 @ 14ts) 20kn on 55ts 6 mos	4400
Marwan´94	MSC
18950 dwat 1388 teu (1014 @ 14ts) 18,5kn on 46ts 12 mos	4100
Taurus J´02	CMA CGM
17183 dwat 1157 teu (909 @ 14ts) 19kn on 38ts 6 mos	4100
Sea Venture´08	MISC
13760 dwat 1118 teu (713 @ 14ts) 19,5kn on 41ts 3 mos	4500
DS Ability´07	Heung-A
13760 dwat 1118 teu (700 @ 14ts) 19,5kn on 36ts 3 mos	4000
Dolphin Strait´03	MCC
13858 dwat 1118 teu (700 @ 14ts) 19,5kn on 36ts 3 mos	3950
Merito´98	MSL
14332 dwat 1104 teu (765 @ 14ts) 19kn on 39,9ts 9 mos	3900
Merkur Bridge´93	UASC
12575 dwat 1012 teu (646 @ 14ts) 17,5kn on 29ts 3 mos	3800

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