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Market Report

Container update 15th March, 2004


Once more, the markets have been relatively quiet, with only a handful of fixtures over 2000teu, and an ever-decreasing number of the mid ranged vessels, being completed due to lack of tonnage within the last fortnight. Most activity has been in and around 1000teu sizes, with charterers continuing to take up available vessels at a rapid rate.

The larger sector saw little activity, but what was done, achieved further highs; the Ulf Ritscher getting $28,000 for 24 months with PONL and Nordstrand achieving $24,650 with NYK for 36 months. Interestingly GWSC have now taken 4 relet vessels of over 2000teu for their transpac service for periods of 1-2 years all released from Evergreen, showing a tendency for carriers to sublet where possible.

The mid sector saw rates reach $19,000 for 24 months with B170 types Wiking and Altonia, and more recently the gearless Belgian Express a Hanjin 1600 type, achieved the same. Rates for 12 months are now well established at least $20,000 for the ‘shorter’ 12 months, and Owners have altered their sights upwards yet again. Despite this, there has been increased reluctance from charterers to accept these levels as margins narrow further, and even reported closure of some lines as uneconomical. For example, Maersk are closing a Med/UK service, however both vessels on the service, the San Francisco and San Isidro have been rapidly snapped up by Hapag and Lykes. The lack of supply continues to force charterers hands when vessels are required.

The ‘sector’ around 900/1100teu was once again the most active, with rates and periods reaching new fields as demand increases. We have seen 1100teu (750 at 14t) types have reached $12,000 and $12,500, and the slightly larger New Confidence (850 at 14t) achieved $13,000 for 24 months with APL. Vessels of 1000teu have also seen marked improvements, with levels leaping to $11,500, up some 1500 dollars within a month.


 
 
 

FIXTURES

Gearless

Nordstrand ‘93 NYK
34,062dwt 2280teu (1845 at 14t) 300 reefers 20.8kn on 70for 36 mos wwide trade
usd 24,650
   
Nautique ’87 (relet) GWSC
29,693dwt 2098teu (1700 at 14t) 152 reefers 18kn on 47for 11 mos Feast/USWC trade
usd 21,500
   
HSH Kusu & HSH Ubin ’89 (relets) GWSC
28,160dwt 2097teu (1674 at 14t) 100 reefers 17.5kn on 45.8for 18 mos transpac trade
usd 18,500
   
Trophy ’90 (relet) GWSC
31,605dwt 2084teu (1800 at 14t) 100 reefers 18.5kn on 49for 24 mos Feast/USWC trade
usd 20,250
   
Oxford ‘98 CSCL
14,254dwt 1733teu (821 at 14t) 300 reefers 21kn on 100for 12 mos wwide trade
usd 12,500
   
Belgian Express ‘00 extn MSL
21,420dwt 1679teu (1230 at 14t) 194 reefers 21kn on 61for further 24 mos Feast/USWC trade
usd 19,000
   
Box Wave ‘97 APL
20,466dwt 1510teu (1168 at 14t) 60 reefers 19kn on 44for 12 mos wwide trade
usd 16,600
   


Geared

Ulf Ritscher ‘01 extn PONL
34,015dwt 2526teu (1950 at 14t) 394 reefers 22kn on 74for 24 mos wwide trade
usd 28,000
   
Asturia ‘00 CSAV
31,000dwt 2205teu (1744 at 14t) 350 reefers 21.3kn on 79.5for 60 mos wwide trade
usd 22,000
   
Gluecksburg ‘88 CMA
26,152dwt 1798teu (1303 at 14t) 70 reefers 18kn on 40.5for trip SE Asia/Med
usd 20,000
   
Wiking ‘97 DAL
22,900dwt 1730teu (1125 at 14t) 300 reefers 20kn on 54.5for 24 mos Cont/W African trade
usd 19,000
   
Altonia ‘00 Safmarine
22,900dwt 1730teu (1125 at 14t) 300 reefers 20kn on 54.5for further 24 mos wwide trade
usd 18,975
   
Marlene S ‘95 extn Zim
23,300dwt 1684teu (1211 at 14t) 152 reefers 19.1kn on 53for further 12 mos USEC/ECSA trade
private rate
   
Helen Schulte ‘97 extn CSAV
22,420dwt 1684teu (1100 at 14t) 120 reefers 20kn on 49.5for further 60 mos wwide trade
usd Hmbg index (min 13000 max 16500)
   
Nordcloud ‘97 extn Montemar
22,420dwt 1684teu (1100 at 14t) 120 reefers 20kn on 49.5for further 60 mos wwide trade
usd Hmbg index (min 13000 max 16500)
   
Ocean Trader ‘96 extn Zim
22,525dwt 1608teu (1124 at 14t) 200 reefers 21kn on 59for further 12 mos Med/ECSA trade
usd 20,000
   
Francisca & Fabian Schulte ‘00 optn MSL
22,525dwt 1608teu (1086 at 14t) 200 reefers 21kn on 60.5for further 12 mos Indian Ocean trade
usd 14,000
   
Elbe Trader ‘94 extn Zim
22,525dwt 1600teu (1124 at 14t) 200 reefers 21kn on 59for further 12 mos Med/ECSA trade
usd 20,000
   
San Isidro ‘93 Lykes
20,100dwt 1512teu (1193 at 14t) 150 reefers 19.65kn on 47for 12 mos Cont/W African trade
private rate
   
Sea Navigator ‘95 APL
20,406dwt 1452teu (1009 at 14t) 150 reefers 18.5kn on 47for 24 mos intra Asian trade
usd 16,000
   
Nordpol ‘94 Costa Container
20,275dwt 1354teu (1000 at 14t) 120 reefers 19kn on 46fixed trip Spore/Malta with CMA/CGm at usd 16,500then 12 mos transatlantic trade
usd 17,975
   
Merkur Sea ‘84 Clan
21,888dwt 1226teu (1010 at 14t) 50 reefers 18kn on 40for 1 Feast/WCSA round
usd 17,250
   
Cape Spear ‘98 extn APL
13,700dwt 1170teu (740 at 14t) 90 reefers 18.5kn on 38for further 12 mos Mid East trade
usd 11,700
   
Cape Sable ‘95 extn Cheng Lie
13,700dwt 1170teu (740 at 14t) 90 reefers 18.5kn on 38for further 12 mos Feast trade
usd 12,350
   
Nordsun ‘90 MSL
14,190dwt 1158teu (684 at 14t) 125 reefers 17kn on 31for 6 mos wwide trade
usd 11,250
   
Clipper ‘92 APL
14,300dwt 1131teu (684 at 14t) 125 reefers 17kn on 31for 24 mos intra Asian trade
usd 10,100
   
Leo J ‘99 extn PONL
14,150dwt 1116teu (750 at 14t) 196 reefers 19kn on 42for further 12 mos Feast/E African trade
usd 11,600
   
Libra J ‘99 extn Hmbg Sud
14,150dwt 1116teu (750 at 14t) 196 reefers 19kn on 42for further 12 mos USWC/Aussie trade
usd 11,600
   
Antje ‘94 Lykes
15,166dwt 1107teu (751 at 14t) 100 reefers 18.5kn on 40for 24 mos Caribs trade
usd 12,000
   
Katrin S ‘95 Lykes
14,454dwt 1104teu (765 at 14t) 150 reefers 19kn on 39for 24 mos Caribs trade
usd 12,500
   
New Confidence ‘01 extn APL
16,400dwt 1078teu (854 at 14t) 200 reefers 19.5kn on 51.5for further 24 mos Feast trade
usd 13,000
   
Este Star ‘90 extn MSL
15,165dwt 1048teu (752 at 14t) 100 reefers 18.5kn on 36for further 6 mos USEC/W African trade
usd 11,450
   
Doria ‘87 GSL
13,475dwt 1022teu (710 at 14t) 90 reefers 18kn on 30for 12 mos intra asian trade
usd 10,600
   
Budi Teguh ‘89 & Budi Aman ‘90 extn PIL
14,101dwt 1020teu (666 at 14t) 60 reefers 17kn on 27for further 12 mos Red Sea/Asian trade
usd 10,550
   
Meteor ‘97 Hmbg Sued
12,380dwt 1012teu (636 at 14t) 90 reefers 17.5kn on 30.5for 24 mos atlantic trade
usd 10,500
   
Sleipner ‘96 Hmbg Sued
12,400dwt 1012teu (636 at 14t) 136 reefers 17.5kn on 30.5for 24 mos atlantic trade
usd 10,500
   
Cape Henry ‘92 extn LNL
12,850dwt 923teu (620 at 14t) 204 reefers 18.5k on 35for further 12 mos SE Asia/Indian Ocean trade
usd 10,700
   
Alemania ‘95 extn Crowley
9,322dwt 907teu (530 at 14t) 70 reefers 17.5kn on 31for further 18 mos Caribs trading
usd 9,100
   
Haneburg ‘98 SITC
11,300dwt 803teu (500 at 14t) 96 reefers 17kn on 25.5for 12/12 mos intra asian trade
usd 9,250
   

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