Harper Petersen & Co – Ship brokers since 1943
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Market Report

Container update 17th February, 2010


Firstly a Happy Lunar New Year! Years of the Tiger, as this year is, are generally associated with change, whether it be good or bad. So far this year, change is tending to be positive with renewed optimism returning to the charter market. Larger ships have once again led the market with fixtures for panamax and post panamax tonnage all moving up in increases of 10 pct over the last done fixtures. The 2 x 6500-7000 teu ships that were available for February - March dates were rumoured fixed around usd 12500. The last done 5700 teu ships fixed close to these levels as well and 4250 teu ships are now fixing at usd 8500, all for 12 months. Otherwise the available 8500 teu ships on the market were still asking for low usd 20000s for 12 months period.

This optimism in the larger ships is beginning to filter through to the medium sizes, even if this is not always matched by increasing rates. Owners are able to withstand charterers demands for additional options at low rates for example. 2500 teu fixtures have returned to levels above usd 5000 in most cases, especially for those ships with good reefer or trading in the Indian ocean. It is also noticeable that ships that have been idle or in layup for a number of months are now beginning to attract interest as well in these sizes. This is confirmed by recent figures reported by Alphaliner, who advise that the percentage of the fleet idle has now dropped below 10 pct for the first time in 6 months to stand at 9.9 pct, 532 ships or 1.30 million teu.

The rates for the 1700 teu sizes are moving upwards as well, especially for those ships in the Atlantic and for ships that offer charterers the option to carry breakbulk cargo, like the B170 design. Rates have reached usd 5000 level according to some rumoured fixtures. It is the same story for the feeder sizes below 1000 teu with rates for good specification 700 teu in Asia moving up to around the usd 3500 levels. Perhaps the most stellar increases have been seen in the Baltic feeder market where 1400 teu high ice class ships are rumoured to have fixed at euro 4900 levels, reflecting the very limited supply of these types as well as the extremely cold winter that Northern Europe has experienced this year.

Despite the optimism, some perspective is required: charter rates for all sizes remain at painfully low levels for owners and most operators continue to lose money, as many of the recently published 4th Quarter 2009 figures reveal.

 


 
 
 

FIXTURES

Gearless

RHL Felicitas´10 CSAV
63500 dwat 5086 teu (3350@14ts)
25,2kn on 166,5ts
12 mos
7000
   
Santa Paola´05 CSAV
66800 dwat 5042 teu (3320 @ 14ts)
25kn on 165,2ts
12 mos
8000
   
Westerbrook´05 CSAV
14100 dwat 5028 teu (3370 @ 14ts)
25kn on 166ts
12 mos
8725
   
Manhattan´05 CSAV
68915 dwat 5018 teu (3290 @ 14ts)
25kn on 185,8ts
12 mos
7200
   
Santa Rafaela´02 CSAV
53328 dwat 4112 teu (2840 @ 14ts)
25kn on 185ts
12 mos
7000
   
Cap Castillo´00 Hapag
33917 dwat 2442 teu (1886 @ 14ts)
21,8kn on 88ts
6 mos
4750
   
Marcatania´94 TS Lines
23465 dwat 1687 teu (1220 @ 14ts)
19kn on 47ts
6 mos
4000
   
Cape Flint´06 CMA CGM
20250 dwat 1440 teu (1065 @ 14ts)
19,8kn on 45ts
6 mos
4000
   
Cape Falcon´03 Namsung
16421 dwat 1200 teu (870 @ 14ts)
19kn on 41ts
6 mos
4100
   
Taga Bay´07 MSL
13760 dwat 1118 teu (700 @ 14ts)
19,6kn on 42,2ts
5 mos
4000
   
Beluga Majesty´06 Seacon
10600 dwat 917 teu (623 @ 14ts)
18kn on 36ts
6 mos
4750
   


Geared

Annabelle Schulte´02 Hamurg Süd
34638 dwat 2602 teu (1856 @ 14ts)
21,5kn on 89ts
10 mos
4850
   
Hammonia Bavaria´09 CSAV
34035 dwat 2546 teu (1905 @ 14ts)
22kn on 88ts
6 mos
5250
   
Rio Eider´05 CSAV
33800 dwat 2492 teu (1820 @ 14ts)
22kn on 88ts
12 mos
5300
   
Gemini´98 Safmarine
34362 dwat 2442 teu (1884 @14ts)
21kn on 70,5ts
8 mos
4500
   
Poseidon´99 MSC
29337 dwat 1837 teu (1392 @ 14ts)
20,5kn on 70ts
12 mos
4300
   
Scotia´00 CMA CGM
25414 dwat 1716 teu (1305 @ 14ts)
22kn on 64ts
6 mos
4200
   
Sirius´98 MSC
25049 dwat 1647 teu (1200 @ 14ts)
21,5kn on 68ts
12 mos
4250
   
Pacific Trader´96 MEL
22083 dwat 1608 teu (1124 @ 14ts)
21kn on 58,9ts
6 mos
4000
   
San Lorenzo´93 TS Lines
20278 dwat 1512 teu (1180 @ 14ts)
20kn on 51ts
12 mos
4200
   
Bernhard Schulte´94 MSC
20247 dwat 1354 teu (1000 @ 14s)
19,5kn on 48ts
12 mos
4200
   
Medatlantic´07 APL
18300 dwat 1296 teu (957 @ 14ts)
19,6kn on 45ts
4 mos
4100
   
Jork Venture´99 CMA CGM
18425 dwat 1129 teu (820 @ 14ts)
18,5kn on 40ts
4 mos
4100
   
Pollux´98 CMA CGM
18425 dwat 1128 teu (820 @ 14ts)
18,5kn on 37,5ts
6 mos
4100
   
Vega Saturn´08 Seafreight
13760 dwat 1118 teu (700 @ 14ts)
19,5kn on 41ts
5 mos
4100
   
Frisia Iller´07 MEL
13760 dwat 1114 teu (700 @14ts)
19,6kn on 42ts
4 mos
4150
   
CEC Star´93 CMA CGM
12184 dwat 1139 teu (709 @ 14ts)
18,4kn on 42ts
3 mos
3850
   
Helene´05 CSAV
12500 dwat 957 teu (604 @ 14ts)
18kn on 37ts
6 mos
4400
   

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