Harper Petersen & Co – Ship brokers since 1943

Market Report

Container update 18th December, 2003

A more traditional and quieter market now pervades this pre Christmas holiday period. The diverging rates seen over the last weeks continue to stretch further apart, as the mid sizes continue to face ongoing pressure in the short term, whereas the larger sized market of 2000teu+ pushes steadily higher.

Although quieter in the larger sizes, Charterers are still of course having to ensure continuity of service, and are consequently looking at vessels well into next year. Of note in the larger sizes, CSAV were very active of late, taking 5 sister CV 2500 types well into the middle of the New Year for 60 mos apiece at usd 17,500, 2 sister CV 2900 types for 36 months at $23,750, and also three conbulkers for their Med/WCSA service.

The mid sizes 1400-1700teu areas as mentioned before are steadily facing increased downward pressures, in the short term. But some Owners are willing to fix for short term in order to reap the expected rising market come the New Year. For example the Mare Ibericum taking up to 4 months charter at a much reduced level, but this will bring her back into the market well after the Chinese New Year. The fixture of the Pacific Trader to GSL in the low $15,000’s shows that although a long way off the autumnal peaks, longer periods for this size at reasonable levels are still achievable.



Telamon & Tegesos CSAV
38,500dwt 2890teu (2172 at 14t) 22kn on 94 for further 36 mos wwide trade
usd 23,750
Astrid Schulte extn Hamburg Sud
31,600dwt 2228teu (1900 at 14t) 18.5kn on 49 for further 12 mos Cont/Med trade
usd 17,500
City of London MOL
30,600dwt 2006teu (1650 at 14t) 20.8kn on 66.5 for 24 mos Feast/WCSA trade
usd 18,250
Budi Suci & Budi Waja extn Wan Hai
19,710dwt 1173teu (940 at 14t) 17.5kn on 47 for further 9 and 6 mos respectively Feast trading
usd 10,250


Wehr Havel, Bille, Alster, Warnow & Trave CSAV
33,750dwt 2526teu (1895 at 14t) 22.3kn on 74kn celled for 60 mos wwide trade
usd 17,500
Solent, Caledonia & Valdivia extn CSAV
35,200dwt 1878teu (1477 at 14t) 15kn on 31.5 for 24 mos Med/WCSA trade
usd 15,900
Mare Ibericum MSL
22,500dwt 1697teu (1100 at 14t) 19.5kn on 46 for 4 mos Feast trade
usd 10,500
Pacific Trader GSL
22,525dwt 1608teu (1124 at 14t) 21kn on 60.5 for 12 mos intra Asian trade
usd 15,250
Merkur Tide IRISL
22,000dwt 1584teu (1081 at 14t) 21kn on 60.5 for trip Cont/PG optn 3 mos
usd 14,500 / 15,500
Sea Navigator IRISL
20,406dwt 1452teu (1009 at 14t) 18.5kn on 39.3 for 3 / 3 mos Cont/Mid East trade
usd 9600/14,500
Courier PIL
20,406dwt 1452teu (1009 at 14t) 18.5kn on 47 for 12 mos intra Asian trade
private rate
Cape Santiago Metz
18,400dwt 1121teu (820 at 14t) 19kn on 41.5 for 6 mos Med trade
usd 11,000
Stadt Hamburg extn FAS
12,500dwt 1102teu (650 at 14t) 20kn on 42 for further 6 mos PG trading
usd 10,200
Elbstrom Zim
15,165dwt 1048teu (751 at 14t) 18.5kn on 45 for 6/6 mos Med trading
private rate
Cape Brett SYMS
10,200dwt 922teu (541 at 14t) 17.5kn on 28.5 for 12 mos Feast trade
usd 9250

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