Harper Petersen & Co – Ship brokers since 1943
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Market Report

Container update 29th March, 2004


With the continuing paucity of both larger and mid ranged vessels, the most active market was again around 1000teu. Charterers even here are showing increasing anxiety toward the relative lack of tonnage in this sector, and rates have increased consequently.

In the last fortnight the larger sectors (2000teu+) period market remained relatively dormant, but we saw the fixtures of two Hansa Mare (3987teu) vessels to PONL for 5 years for $32,500, at same levels achieved with a sister ship a short while ago for ‘only’ 3 years. Elsewhere NYK took the Baltic CS 2500 type, the ‘Victoria Schulte’ for 5 years charter starting ex yard August ’05, and Safmarine understood to have extended the ‘Columba’, a Gdynia 2100 for further 36 months trading at $23,575 on the SAECS service.

The mid ranges (1300-1800teu) mirrored the larger sector in activity, or in other words the lack of activity. However the fixtures of B170’s, and CC 1600’s types seen are still on the rise at less pronounced rises, but have now reached $19,750 for 24 months. Not surprisingly there appears to be growing reluctance from Charterers in this sector to agree terms, and failures are far from uncommon with some Charterers rearranging services to reflect same. However, services still needs to be maintained, and levels will surely remain steady.

The sector around 1000teu as advised remained the most active, and the B183 ‘Noble’, is reported as having achieved $11,750 for 12 months, up $250 for the ‘Judith Schulte’ within the last week! Slightly smaller the ex China Navigation vessel the Shansi (844teu) is understood to have achieved an astounding $10,900 with Eimskip for 12 months, this will of course include hard winter trading, but the level remains startling.


 
 
 

FIXTURES

Gearless

Mare Siculum & Superum '98 PONL
51,200dwt 3987teu (3000 at 14t) 405 reefer 25.5kn on 144 for 60 mos wide trade
32,500
   
Berlin Senator '91 CMA/CGM
47,120dwt 3005teu (2480 at 14t) 100 reefers 21kn on 91 for trip SE Asia/Med-Cont
29,450
   
Alen '85 Norasia
35,382dwt 2073teu (1977 at 14t) 150 reefers 20kn on 64.5 for one round the world trip
27,000
   
Global Horizon '82 & Global Synthesis '81 Zim
25,200dwt 1552teu (1204 at 14t) 58 reefers 19kn on 60 for 24 mos Atlantic trade
17,000
   
Cape Frio '03 PIL
16,000dwt 1200teu (870 at 14t) 150 reefers 19kn on 38 for 12 mos wwide trade
14,250
   
Alcuna '79 optn MSC
14,720dwt 873teu (720 at 14t) 40 reefer 18kn on 48 for further 12 mos Med/Black Sea trade
7,000
   
Cape Creus '00 Sovcomflot
14,720dwt 834teu (600 at 14t) 80 reefers 18.5kn on 33 for 12 mos Feast/Russ CIS
10,750
   


Geared

Victoria Schulte '05 NYK
33,900dwt 2478teu (1903 at 14t) 400 reefers 22.7kn on 82 for 60 mos wwide trade
18,900
   
Columba '98 extn Safmarine
30,250 dwt 2102teu (1640 at 14) 300 reefers 20.5kn on 68t for 36 mos Cont/Safrica trade
23,550
   
Troyburg '88 extn US Lines
26,152dwt 1798teu (1303 at 14t) 140 reefers 18kn on 40.5 for further Feast/USWC round
20,000
   
Amanda ‘00 MOL
22,900dwt 1730teu (1125 at 14t) 250 reefers 20kn on 54.5 for 24 mos USEC/ECSA trade
19,400
   
Elbe Trader '94 DAL
22,525 dwt 1608teu (1124 at 14t) 200 reefers 21kn on 60t for 24 mos Cont/Eafrica trade
19,500
   
Dollart Trader '97 Hamburg Sued
22,260 dwt 1608teu (1124 at 14t) 200 reefers 21kn on 60t for 18 mos Pacific trade
19,975
   
London Tower '94 extn PIL
23,884 dwt 1525teu (1250 at 14t) 133 reefers 19kn on 44t for 24 mos SE Asia/Wafrica trade
19,750
   
San Felipe '94 K Line
20,100dwt 1512teu (1193 at 14t) 150 reefers 19.65kn on 47 for 24 mos Atlantic trade
19,500
   
Patsy N '84 Hapag LLoyd
29,265dwt 1404teu (1342 at 14t) 100 reefers 18kn on 46.5 for further 12 mos ECSA/USEC trade
19,900
   
Margret Oldendorff '92 extn Tasman
24,190dwt 1344teu (1050 at 14t) 100 reefers 18kn on 43.5 for further 36 mos Feast/Aussie trade
14,500
   
Santos '85 extn PIL
17,253dwt 1141teu (818 at 14t) 75 reefers 17kn on 31 for further 24 mos SE Asia/E African
11,300
   
Parvat '99 extn Cheng Lie
17,790dwt 1133teu (870 at 14t) 100 reefers 17.5kn on 36 for further 24 mos China/SE Asia
12,100
   
Rahana '97 Lykes
16,700dwt 1122teu (817 at 14t) 120 reefers 18.5kn on 38 for 24 mos Atlantic trade
12,900
   
Judith Schulte '93 extn MSL
12,680dwt 1012teu (636 at 14t) 100 reefers 17.5kn on 30.5 for further 12mos NCSA/Amazon
11,500
   
Noble '91 Wan Hai
12,583dwt 1012teu (647 at 14t) 104 reefers 17.5kn on 28.5 for 12mos Asian trade
11,750
   
Thor Lone '92 MSL
12,250dwt 972teu (656 at 14t) 218 reefers 17.5kn on 31.5 for 24 mos wwide trade
11,250
   
Cape Byron '93 optn MSL
10,200dwt 922teu (541 at 14) 80 reefers 17.5kn on 28.5 for further 5 mos AG/I Ocean trade
10,950
   
Reflection '04 Wan Hai
11,000dwt 915teu (650 at 14t) 150 reefers 18.5kn on 34 for 12 mos wwide
11,500
   
Szechuen '95 optn FAS
10,747dwt 844teu (553 at 14t) 100 reefers 17.5kn on 28.5 for further 6 mos Med/Black Sea
10,200
   
Jacqueline '95 MCC
10,747dwt 844teu (531 at 14t) 100 reefers 17.5kn on 29 for 12 mos SE Asian trade
9,750
   
Shansi '95 Eimskip
10,747dwt 844teu (553 at 14t) 100 reefers 17.5kn on 28.5 for 24 mos Cont/Iceland trade
10,900
   
Cape Capricorn '00 extn UASC
14,720dwt 834teu (600 at 14t) 80 reefers 18.5kn on 33 for further 12 mos intra Japan
10,800
   
Box New York & Hamburg '00 UACL
9,865dwt 797teu (508 at 14t) 157 reefers 18.5kn on 33 for 42 mos African trade
8,800
   

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