Harper Petersen & Co – Ship brokers since 1943
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Market Report

Container update 1st March, 2004


The market activity overall has quietened down somewhat, especially within the larger sector, but as previously this is down to the lack of tonnage rather than requirements. The mid range has continued to bubble along with ever increasing rates, with Charterers taking vessels well in advance to ensure coverage.

The larger sector has only seen a handful of fixtures in the last fortnight, and there remain very few vessels available in the near future. The Conti Brisbane extension with PONL was the stand out fixture at $31,000. This impressive level was similar to the ‘shorter’ twelve month charter the Kerstin S achieved at the beginning of February, reflecting charterers’ needing only the shorter period before their own tonnage enters service. The slightly smaller Conti Bilbao achieved a 36 month charter at just under $25,000. Otherwise the only ‘promptish’ vessel over 2500teu is now asking $25,000 for 5 years, a staggering rate but perhaps now achievable.

Owners of the mid range sized vessels continued to press forward, and are positively pushing for 24 and 36 months. However the surging upward tide on rate levels seems to have ebbed somewhat with Charterers taking stock and declining a number of charters. Expectations though remains bullish in Owners favour, and many are able to watch to see what happens next. Of note for 12 month periods were the Cape North to OOCL for $18,975 and the San Fransisco to Hapag at $18,750 - whereas the sister vessel San Lorenzo achieved $18,250 for 24 months with Yang Ming. Also 2 Hanjin 1600 types the Hansa Castella and Catalina both extended with Hamburg Sued for $18,000.

The market for vessels of around 1000teu was very active over the last fortnight. This sector has recently seen rates jump, perhaps due to the knock on effect from the larger sizes, but also getting these sizes more in line with the overall market. The Pacc vessels Aries and Aquarius (1078 nominal/854 at 14t) achieved $12,000 for 36 mos with PIL, and sister Aquila reached $12,800 for 24 months, whereas as the slightly larger Cape Serrat reached $13,250 for 12 months.


 
 
 

FIXTURES

Gearless

Irenes Myth ‘83 PIL
30,941dwt 1844teu (1650 at 14t) 208 reefers 21kn on 78 for 12 mos Feast/India trade
usd 27,000
   
2 x Samantha class vssls Lykes
14,254dwt 1733teu (821 at 14t) 300 reefers 21kn on 100 for 12 mos transpac trade
usd 11,500
   
Rhoneborg ‘93 optn Evergreen
20,380dwt 1646teu (1295 at 14t) 298 reefers 18kn on 46 for further 12 mos Feast/Mid East trade
usd 12,000
   
Atlantic Lady ‘92 optn Evergreen
20,000dwt 1643teu (1295 at 14t) 298 reefers 18kn on 46 for further 12 mos wwide trade
usd 12,000
   
Conti La Spezia ’90 & Germany ‘92 extn CSCL
23,596dwt 1597teu (1168 at 14t) 120 reefers 18kn on 45 for 4 mos SE Asia/India trade
usd 15,000
   
Gallant Wave ‘97 extn Cheng Lie
23,650dwt 1510teu (1145 at 14t) 60 reefers 19kn on 44 for further 12 Feast trade
usd 16,500
   
Cape North ‘98 OOCL
22,148dwt 1504teu (1180 at 14t) 200 reefers 21kn on 61.3 for 12 mos asian trade
usd 18,975
   
Libra Australia II ‘94 Cosco
24,444dwt 1432teu (1272 at 14t) 200 reefer 18.5kn on 52 for 36 mos wwide trade
usd 14,500
   
Recife ‘91 Cosco
22,219dwt 1388teu (1200 at 14t) 192 reefer 19kn on 37 for 36 mos wwide trade
usd 14,500
   
Cape Falcon ‘03 extn PONL
18,400dwt 1200teu (870 at 14t) 150 reefer 19kn on 38 for further 12 mos Feast trade
usd 13,700
   
Budi Makmur ‘89 extn HMM
19,710dwt 1173teu (940 at 14t) 100 reefer 17.5kn on 47 for further 36 mos Korea/Russ CIS trade
usd 10,650
   
Brave Eagle ‘85 extn MSC
13,360dwt 1022teu (692 at 14t) 200 reefer 17.6kn on 30 for further 12 mos Med trade
usd 10,000
   
Windward ‘78 extn Sarlis
21,834dwt 987teu (894 at 14t) 100 reefer 15.5kn on 29 for further 6 mos Med trade
private rate
   


Geared

Conti Brisbane ‘97 extn PONL
34,900dwt 2754teu (1866 at 14t) 300 reefers 22kn on 95 for further 12 mos Cont/USEC trade
usd 31,000
   
Conti Bilbao ‘97 APL
34,020dwt 2456teu (1770 at 14t) 300 reefers 21kn on 67 for 36 mos wwide trade
usd 24,950
   
Nordeagle ‘97 CCNI
27,000dwt 2105teu (1466 at 14t) 200 reefers 20kn on 55 for 36 mos wwide trade
usd 20,250
   
Hamburgo & Santiago ‘96 CCNI
32,500dwt 2000teu (1586 at 14t) 150 reefers 20kn on 65.5for 36 mos Feast/WCSA trade
usd 21,850
   
Klaus J ‘97 optn PONL
26,250dwt 1900teu (1400 at 14t) 320 reefers 20.2kn on 59 for further 12 mos Cont/S Africa trade
usd 17,000
   
Hellas Macedonia ‘85 PONL
32,580dwt 1889teu (1600 at 14t) 80 reefers 18kn on 47 for 35 days
usd 19,250
   
Hellas Macedonia ‘85 Iscont
32,580dwt 1889teu (1600 at 14t) 80 reefers 18kn on 47 for 36 mos Israel/Cont trade
usd 17,500
   
Troyburg ‘88 US Lines
26,152dwt 1797teu (1303 at 14t) 140 reefers 18kn on 40.5 for 1 transpac round
private rate
   
Santa Monica ‘91 extn PONL
30,010dwt 1742teu (1527 at 14t) 100 reefers 19.5kn on 47.5 for further 16 mos Cont/Caribs trade
usd 20,200
   
Northern Pleasure ‘94 optn Senator
22,400dwt 1717teu (1220 at 14t) 144 reefers 19kn on 42.6 for further 12 mos Cont/Med trade
usd 15,500
   
Mare Ibericum ‘94 optn MSL
22,494dwt 1697teu (1100 at 14t) 170 reefers 19.5kn on 46 for further 4 mos Intra Asian trade
usd 15,750
   
Hansa Castella ‘98 extn Hmbg Sud
21,480dwt 1647teu (1188 at 14t) 148 reefers 19kn on 49 for further 24 mos Cont/Med trade
usd 18,000
   
Hansa Catalina ‘97 extn Hmbg Sud
21,480dwt 1647teu (1188 at 14t) 148 reefers 19kn on 49 for further 24 mos Feast/USWC/WCSA trade
usd 18,000
   
Buxmaster ‘86 DAL
23,465dwt 1597teu (1148 at 14t) 70 reefers 17.5kn on 33 for 12 mos Cont/W African trade
usd 14,500
   
San Francisco ‘96 Hapag
20,100dwt 1512teu (1193 at 14t) 150 reefers 19.65kn on 47 for 12 mos Cont/W African trade
usd 18,750
   
San Lorenzo 1 ‘93 Yang Ming
20,100dwt 1512teu (1193 at 14t) 150 reefers 19.65kn on 47 for 24 mos Feast trade
usd 18,250
   
San Vicente ‘93 optn PONL
20,100dwt 1512teu (1193 at 14t) 150 reefers 19.65kn on 47 for further 12 mos ECSA trade
usd 15,000
   
Novia ‘95 optn MSL
20,150dwt 1452teu (1010 at 14t) 209 reefers 19kn on 45 for further 4 mos USG/ECSA trade
usd 15,400
   
Teval ‘94 Costa
20,150dwt 1388teu (1010 at 14t) 135 reefer 18.6kn on 42 for 24 months Med/Caribs trade
usd 15,200
   
Sima Pride ‘04 OOCL
17,254dwt 1208teu (918 at 14t) 178 reefers 19kn on 45 for 24 mos inter asian trade
usd 12,800
   
Holnis ‘92 Yang Ming
17,250dwt 1208teu (866 at 14t) 75 reefers 18kn on 37 for 30 mos Feast trading
usd 12,250
   
Cape Spencer & Sorrell ‘96 extn TS Lines
13,700dwt 1170teu (740 at 14t) 90 reefers 18.5kn on 38 for further 12 mos Feast trade
usd 11,750
   
Nordsky ‘90 Wan Hai
14,190dwt 1166teu (681 at 14t) 125 reefers 17kn on 29 for 5-6 mos Feast trade
usd 10,450
   
Sophie Schulte ‘96 extn Delmas
14,080dwt 1162teu (725 at 14t) 100 reefers 17kn on 30.5 for further 4 mos Cont/W Africa trade
usd 11,000
   
Astor ‘95 extn PONL
18,400dwt 1129teu (848 at 14t) 152 reefers 18.5kn on 41.5 for further 12 mos India/M East/E Africa trade
usd 12,700
   
Jork & Rothorn ‘96 extn MSL
14,630dwt 1122teu (758 at 14t) 150 reefers 19kn on 44for further 25/12 mos WCCA/NCSA/Mex trade
usd 10,225/12,500
   
Mardia ‘96 optn Polynesia
14,700dwt 1122teu (758 at 14t) 150 reefers 19kn on 44 for further 6mos USWC/Polynesia trade
usd 8,400
   
Cape Serrat ‘01 extn Hapag
18,400dwt 1121teu (820 at 14t) 180 reefers 19kn on 41.5 for further 12 mos Inter Asian trade
usd 13,250
   
Dolphin Strait ‘03 TS Lines
13,760dwt 1118teu (712 at 14t) 220 reefers 19.6kn on 39.3 for 12 mos Feast trade
usd 11,500
   
PAC Aquila ‘02 OOCL
16,794dwt 1078teu (854 at 14t) 200 reefers 19.5kn on 55 for 24 mos Twn/PI trade
usd 12,800
   
PAC Aries ‘02 extn PIL
16,794dwt 1078teu (854 at 14t) 200 reefers 19.5kn on 55 for further 36 Indian Ocean/E African trade
usd 12,000
   
PAC Aquarius ‘01 extn PIL
16,794dwt 1078teu (854 at 14t) 200 reefers 19.5kn on 55 for further 36 mos Feast/Red Sea trade
usd 12,000
   
Mare Tuscum ‘96 extn MSC
12,721dwt 1042teu (645 at 14t) 113 reefers 17.5kn on 30.5 for further 12 mos Cont trade
usd 10,000
   
Hansa Wismar ‘93 Hmbg Sud
12,575dwt 1016teu (636 at 14t) 90 reefers 17.5kn on 29 for 12 mos wwide trade
usd 10,500
   
Mare Hibernum ‘95 extn Wan Hai
12,500dwt 1012teu (645 at 14t) 113 reefers 17.5kn on 30.5 for further 12 mos Feast trade
usd 10,450
   
Roerborg ‘90 extn MSC
10,345dwt 1000teu (630 at 14t) 100 reefers 17kn on 35 for further 3 mos Med trade
usd 10,250
   
Richmond, Westminster & Blackfriars Bridge ‘94 extn NDAL
17,493 dwt 973teu (690 at 14t) mpp 54 reefers 16.5kn on 32 for further 12 mos Cont/W Africa trade
usd 9,500
   
Box Istanbul ‘99 SITC
9866dwt 797teu (508 at 14t) 157 reefers 18.5kn on 33 for 6 mos Feast trading
usd 9,100
   

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