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 2nd July, 2010

The big question on all market participant’s minds is will the charter market continue in the same vein as the last few months and keep moving ever upwards or will it stagnate with the summer season upon us. In general we feel the summer slowdown will impact the market in terms of activity, however we expect limited impact upon rates in most market sectors. However, we do expect the rate disparity between the Asian market and the Atlantic market to widen with the summer slowdown hitting the European market harder.

In the last month we have seen significant increases in all sizes however most activity in recent weeks has been reserved for the 2500-2800 teu sizes. In Asia the 2800 teu sizes have reached usd 13000 for period with the reported fixture of the Irenes Remedy and in the mid usd 12000s for the 2500 teu ships. These sizes are now much closer to parity on a slot cost basis with the 3500 teu ships which are now fixing in the mid usd 16000s, as with the fixture of the Praia.

The Atlantic market is somewhat quieter and the rates are slightly lower. A few ships in the Atlantic have fixed empty containers towards Asia at discount rates. Liner companies have been keen to address the equipment imbalance with trade managers crying out for more containers in Asia and owners are seeking the higher rates and improved fixing opportunities in Asia.

The 1700 teu sizes have been relatively quiet however the market seems balanced with only a few ships coming open and limited demand in evidence. Rates for 1700 teu ships in Asia are around the usd 8000 level with owners of larger Wenchong versions pushing for mid usd 8000s. The same story is true of the 1000 teu feeder sizes with limited good specification ships available.

On the 4000 teu plus market, CSAV were again active securing high reefer ships for dedicated services, paying a rumoured usd 24000 x 24 months for 3 x Santa “R” types. Otherwise the market was somewhat quiet but again primarily due to a lack of ships available to be discussed.

 
 
 

FIXTURES

Gearless

Hansa Pacific´95	CSAV
62400 dwat 4824 teu (3046 @ 14ts) 24kn on 158ts 36 mos	23500
Praia´09	CSAV
42183 dwat 3534 teu (2353 @ 14ts) 23,5kn on 122ts 12 mos	16850
Nordspring´07	Safmarine
46269 dwat 3500 teu (2417 @ 14ts) 23,4kn on 130ts 12 mos	15500
Sagitta´09	MSL
42500 dwat 3426 teu (2414 @ 14ts) 23kn on 105ts 9 mos	16000
Buxharmony´07	OOCL
37950 dwat 2702 teu (2071@ 14ts) 21,7kn on 88ts 12 mos	11900
Fesco Vitim´07	CMA CGM
23000 dwat 1728 teu (1094 @ 14ts) 19,7kn on 54ts 12 mos	8400
Mare Adriaticum´93	KMTC
12721 dwat 1054 teu (645 @ 14ts) 17,5kn on 30,5ts 12 mos	6800
Stadt Ratzeburg´07	Winland
12800 dwat 1049 teu (671 @ 14ts) 18kn on 33ts 6 mos	6400
Marcloud´07	HMM
12800 dwat 1049 teu (671 @ 14ts) 18kn on 33ts 6 mos	6000
JRS Pegasus´09	MCC
12307 dwat 877 teu (610 @ 14ts) 18,3kn on 36,7ts 12 mos	6900

Geared

Hugo Schulte´10	CSAV
47000 dwat 3635 teu (2500 @ 14ts) 23,3kn on 115ts 24 mos	14500
Commodore´01	PIL
35770 dwat 2764 teu (2040 @ 14ts) 23kn on 99ts 24 mos	13650
City of Shanghai´09	NDAL
34500 dwat 2564 teu (1861 @ 14ts) 22kn on 88ts 8 mos	10000
Blackpool Tower´09	MSL
34500 dwat 2564 teu (1861 @ 14ts) 22kn on 82ts 18 mos	11500
Atlantic Voyager´99	CMA CGM
33588 dwat 2546 teu (1890 @ 14ts) 22kn on 74ts 9 mos	10850
Hansa Coburg´06	PIL
23400 dwat 1740 teu (1330 @ 14ts) 21kn on 64ts 12 mos	7950
Wehr Rissen´99	PIL
23028 dwat 1730 teu (1125 @ 14ts) 20kn on 54,5ts 8 mos	7500
Ranjan´08	Hapag Lloyd
17350 dwat 1341 teu (925 @ 14ts) 20kn on 52ts 6 mos	5500
Medatlantic´07	MOSK
18300 dwat 1296 teu (957 @ 14ts) 19,6kn on 45ts 3 mos	5400
Kuo Jane´90	GSL
18235 dwat 1285 teu (1060 @ 14ts) 17kn on 29ts 9 mos	6800
Cape Fraser´06	Sinokor
16420 dwart 1200 teu (870 @ 14ts) 19kn on 41ts 3 mos	6750
Cape Flores´05	OOCL
16420 dwat 1200 teu (870 @ 14ts) 19kn on 41ts 9 mos	6050
El Zorro´06	Mosk
13760 dwat 1118 teu (700 @ 14ts) 19,5kn on 36ts 3 mos	5400
Asian Sun´06	CAT
13742 dwat 1118 teu (700 @ 14ts) 19,5kn on 41ts 6 mos	5500

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