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Market Report

Container update 14th April, 2004
Despite the widely reported lack of tonnage, a relatively active fortnight has passed. Vessels in all sizes have been fixed and rates are still very much on the rise. Charterers continue to reshuffle their options wherever possible in an effort to limit exposure to the higher rates by reducing both port calls and shuffling fleets. However, vessels must still be chartered in and/or extended, and owners remain positively buoyant.

Vessels 2000teu+ remain extremely scarce, but the whopping record rate for a transpac round voyage for the 4038teu Mare Brittanicum at $43,500 catches the breath here. However the equally impressive fixtures of the two Wulff newbuilds 4546teu Victoria and Charlotte Wulff (ex yard spring 2005) at $28,000 for 8 years to PONL continues to raise pressure for larger vessel charters. Slightly smaller the the 2456teu Buxhansa goes to ANL for 36 months at $25,000 and the 2109teu Conti Seattle went to APL for the same period at $21,975.

Once again a couple of rates in the mid ranges 1400/1900teu has put the fox firmly back amongst the chickens here. There was perhaps some belief that a ceiling had been established in this sector at a firm $20,500 for 12 months, as achieved by the Lissy Schulte and Westerhever respectively. However, since then we hear rumours of fixture(s) over $21,000 for 12 months and also low 20’s for 24 months. Subjects are yet to be confirmed on various charters, and some are still not being lifted, but the sentiment is still bullish for owners, however how far and for how long can this be sustained?

A quieter fortnight for vessels around 1000teu, however having seen so many fixed away recently means rates remain very strong. The RW49 Birgit Naber rated $11,700 for 24 months Atlantic trading with EWL, and the B183 Noble is believed to have achieved $11,750 for a similar period. Both fixtures point to the market remaining bullish.


 
 
 

FIXTURES

Gearless

Victoria Wulff '05 PONL
58,500dwt 4546teu (3150 at 14t)
800 reefers / 24.2kn on 152 t
for 8 years wwide trade
 28,000
   
Charlotte Wulff '05 PONL
58,500dwt 4546teu (3150 at 14t)
800 reefers / 24.2kn on 152 t
for 8 years wwide trade
 28,000
   
Mare Britannicum '01 MOSK
52,300 dwt 4038 teu (3000 at 14t)
430 reefers / 25,5 kn on 144 t
subletted for 1 transpac R/V
 43,500
   
Tatiana & Sara Schulte '05 PONL
38,200dwt 2826teu (2020 at 14t)
554 reefers 24kn on 95 t
for 60 mos wwide trade
 20,000
   
Buxsund '94 GSL
23,450 dwt 1687 teu (1191 at 14t)
152 reefers / 19 kn on 45 t
24 mos Feast/I Ocean trade
 19,750
   
Buxmoon '95 GSL
23,450 dwt 1687 teu (1191 at 14t)
152 reefers / 19 kn on 45 t
24 mos Feast/I Ocean trade
 19,750
   
Andalusian Express '95 extn Cheng Lie
18,421 dwt 1473 teu (1140 at 14t)
84 reefers / 18.2 kn on 35 t
further 18 mos intra asia trade
 15,900
   
Liguria '78 extn Zim
15,435 dwt 956 teu (766 at 14t)
80 reefers / 18 kn on 42 t
further 6 mos Med/Bl Sea trade
 10,900
   
Cape Campbell '98 extn Cheng Lie
11,400dwt 834teu (600 at 14t)
80 reefers 18.5kn on 33 t
for further 12 mos Feast trade
 private rate
   


Geared

Wehr Alster '02 PONL
33,767 dwt 2546 teu (1890 at 14t)
400 reefers / 22.0 kn on 74 t
35 days relet
 27,500
   
Buxhansa '98 ANL
34,020dwt 2456teu (1780 at 14t)
200 reefers / 21kn on 67 t
for 36 mos wwide trade
 25,000
   
Conti Seattle '97 APL
28,370 dwt 2109 teu (1514 at 14t)
144 reefers / 20 kn on 55 t
35 mos Feast/I Ocean trade
 21,975
   
Nordhawk '97 extn CMA/CGM
27,000dwt 2045teu (1466 at 14t)
200 reefers 20kn on 59 t
for further 36 mos Cont/Caribs trade
 21,000
   
Helene J '97 Clan
26,250dwt 1900teu (1400 at 14t)
310 reefers / 20.2kn on 59.5 t
for 36 mos Feast/WCSA trade
 20,500
   
Santa Margherita '94 CLAN
29,744 dwt 1808 teu (1521 at 14t)
250 reefers / 19,5 kn on 51 t
36 mos Feast / WCSA trade
 20,250
   
Elisabeth '94 CCNI
29,931 dwt 1806 teu (1527 at 14t)
100 reefers / 19.5 kn on 44,5 t
36-38 mos Feast/WCSA trade
 20,500
   
Gluecksburg '88 Delmas
26,152dwt 1798teu (1303 at 14t)
70 reefers 18kn on 40.5
for 12 mos Cont/W African trade
 19,500
   
Santa Barbara I '91 CCNI
30,007 dwt 1741 teu (1541 at 14t)
100 reefers / 19.2 on 48.5 t
36 mos Feast/WCSA trade
 20,750
   
Adrian '97 extn LYKES
22,900 dwt 1730 teu (1125 at 14t)
300 reefers / 20 kn on 54 t
further 24 mos Feast / USWC trade
 19,750
   
Lissy Schulte '95 Hapag
23,000 dwt 1728 teu (1120 at 14t)
200 reefer / 19 kn on 53 t
12 mos transpac trade
 20,500
   
Rigena '84 CMA/CGM
31,975 dwt 1810 teu (1570 at 14t)
180 reefers / 17 kn on 46.5 t
1 Feast / Med R/V abt 45 days dur
 18,500
   
La Paloma optn GSL
21,647 dwt 1661 teu (1060 at 14t)
150 reefers / 20 kn on 52 t
further 12 mos India/W Afr trade
 16,000
   
Westerhever '94 Cosco
22,300 dwt 1572 teu (1100 at 14t)
200 reefers / 20 kn on 53 t
12 mos trans Atlantic trade
 20,500
   
San Cristobal '89 Hapag
20,350dwt 1571teu (1193 at 14t)
150 reefers / 19.7kn on 47
for 24 mos trans Atlantic trade
 private rate
   
Hansa Narvik optn USL
20,800 dwt 1550 teu (1029 at 14t)
198 reefer / 20 kn on 52 t
further 12 mos Feast/USWC trade
 16,000
   
Ulsnis '93 PONL
20,150 dwt 1388 teu (1014 at 14t)
150 reefers / 18,5 kn on 45 t
1 Cont / Wafrica / ECSA R/V abt 42 days
 19,300
   
Nordpartner CMA/CGM
20,275 dwt 1354 teu (1000 at 14t)
120 reefer / 19.5 kn on 46.5 t
48 mos wwide trade
 14,450
   
Bernhard Schulte '94 CMA/CGM
20,200 dwt 1354 teu (1000 at 14t)
120 reefers / 19.5 kn on 48 t
48 mos wwide trade
 14,450
   
Venus, Mars & Saturn '96 K Line
18,400dwt 1129teu (848 at 14t)
152 reefers 18.5kn on 41.5
for 24 mos wwide trade
 13,700
   
Castor '97 extn Hmbg Sud
18,400dwt 1129teu (848 at 14t)
152 reefers 18.5kn on 41.5
for further 24 mos S/W Africa/ECSA
 private rate
   
Stadt Rendsburg '04 Seafreight
12,920 dwt 1096 teu (675 at 14t)
200 reefer / 20 kn on 43 t
24 mos Caribs trade
 11,950
   
Dongtai Fortune '85 extn APL
14,180 dwt 1033 teu (710 at 14t)
80 reefers / 17.5 kn on 32.5 t
for 12 mos Feast trade
 12,000
   
Birgit Naber '86 extn EWL
12,720dwt 1020teu (660 at 14t)
75 reefers / 17.5kn on 29.9
for further 12 mos Cont/Caribs trade
 11,700
   
Merkur Bridge '93 PIL
12,590dwt 1012teu (646 at 14t)
90 reefers / 17.5kn on 28.5
for 1 mos SE Asian trade
 12,000
   
Noble '91 Wan Hai
12,583dwt 1012teu (647 at 14t)
104 reefers 17.5kn on 28.5
for 22 mos Feast trade
 11,750
   
Box Hamburg & New York UACL
9,865dwt 797teu (508 at 14t)
157 reefers 18.5kn on 33
for 42 mos S/W African trade
 8,900
   

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