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 10th May, 2006

We have witnessed a marked increase in both activity and charter rates over the last couple of weeks. Only the very optimistic would have predicted such a development. We estimate a 35 percent increase in the number of fixtures compared to the number in our previous report. With the increased market activity, charter rates and charter periods have increased as well, primarily for larger and medium sized vessels. This is best observed in the 2700 TEU size ships, that obtained around usd 21,000 21,500 for periods of 2 years a couple of weeks ago and are now are fixing for periods of 3 years at around usd 22,000-22,500. B 170 Types were fixed at around usd 17,750 for 1 year a couple of weeks back and are now achieving the same rate for 2 years. We are still very confident that the market for the bigger vessels will at least remain stable if not even improve due to the limited number of ships that are still available in 2006. Good specification medium size and smaller ships around 1000 TEU should also not face to many difficulties in the coming weeks, however it remains to be seen whether the market will sustain the present levels until the end of the year.

In excess of 2000 TEU, ships in 2006 are becoming a scarce commodity. The ajority of ships which were still pen in 2006 have meantime been absorbed y the market, even for 3rd or 4th quarter positions. As mentioned above, hips of around 2700/2800 TEU are now being fixed at around USD 20,000-22,500 for periods of 3 years like the St. Cergue to ZIM and the Stadt Dresden and Stadt Rostock to SCI. Furthermore, it is interesting to observe that liner companies have even started to search for panamaxes for forward dates. MSC was particularly active by chartering four Danaos owned Panmaxes for 12 years at USD 22,800. There are rumours that MSC has also bought a couple of Conti controlled panamaxes.

In the medium size between 1300 and 1900 TEU we have seen a sustainable increase in activity. Only Maersk Line has extended a handful of ships in this size at around usd 18,000 for 12 mos, which is slightly higher than what was fixed a couple of weeks ago. A few Owners were even suceeding to push the periods upto 2, 3 or even 4 years periods at comparably high rates. Wehr, for instance, fixed two of their B 170's to CMA for 3 respectively 4 years at USD 16,100 respectively 15,250 net of addcom.

In the smaller sizes, we notice a marked difference in rates between the Atlantic and Asian markets, where owners are able to achieve better rates. Conservative demand from the inter asian operators and the availability of relet tonnage remain the important factors. Modern ships around 1100-1200 TEU are achieving rates around USD 13,000 for periods of 1 year like the Rio Lawrence that went to QC at these terms.

 
 
 

FIXTURES

Gearless

4 x Danaos N/B's ex Samsung '08	ZIM
50,814 dwt 4253 teu (2900 at 14ts) 400 reefers / 24,5kn on 128,0ts 12 yrs ww trade	22,800
Northern Delicacy '03	MSC
48,847 dwt 3965 teu (2760 at 14ts) 600 reefers / 23,0kn on 122,0ts 8 yrs ww trade (purchase opt attached)	26,500
Northern Decency '03	MSC
48,847 dwt 3965 teu (2760 at 14ts) 600 reefers / 23,0kn on 122,0ts 8 yrs ww trade (purchase opt attached)	26,500
Yellow Sea '96	UASC
44,765 dwt 3681 teu (2560 at 14ts) 150 reefers / 24,0kn on 120,0ts 3 yrs ww trade	27,100
N/B Johannesburg '06	MOL
43,127 dwt 3388 teu (2542 at 14ts) 300 reefers / 22,5kn on 105,0ts 24 mos ww trade	26,250
Santa Cruz '91	ext NYK
38,953 dwt 3115 teu (2268 at 14ts) 417 reefers / 23,0kn on 115,0ts ext 30-32 mos ww trade	24,000
Santa Monica '92	ext NYK
38,953 dwt 3115 teu (2268 at 14ts) 417 reefers / 23,0kn on 115,0ts ext 30-32 mos ww trade	24,000
Santa Barbara '92	ext NYK
38,953 dwt 3115 teu (2268 at 14ts) 417 reefers / 23,0kn on 115,0ts ext 30-32 mos ww trade	24,000
Bengal Sea '92	MSC
47,120 dwt 3005 teu (2480 at 14ts) 100 reefers / 21,0kn on 93,0ts 3 yrs ww trade	private
Irenes Respect '06	Norasia
39,500 dwt 2826 teu (2020 at 14ts) 600 reefers / 24,0kn on 95,0ts 8-10 mos ww trade	24,500
N/B St Cergue '06	ZIM
39,500 dwt 2826 teu (2020 at 14ts) 586 reefers / 24,0kn on 95,0ts 3 yrs ww trade	22,500 net of addcom
HS Amundsen '06	APL
38,250 dwt 2778 teu (2005 at 14ts) 500 reefers / 23,0kn on 110,0ts 4 mos feast trade -relet fm italia maritime	22,750
N/B Lorraine '06	Hatsu Marine
37,800 dwt 2742 teu (2115 at 14ts) 400 reefers / 21,8kn on 88,0ts 24 mos ww trade	22,500
N/B Stadt Rostock '06	SCI
37,570 dwt 2742 teu (2115 at 14ts) 400 reefers / 22,0kn on 88,0ts 36 mos indamex trade	22,000 net of addcom
N/B Stadt Dresden '06	SCI
37,570 dwt 2742 teu (2115 at 14ts) 400 reefers / 22,0kn on 88,0ts 36 mos indamex trade	22,000 net of addcom
Nona '06	ZIM
37,950 dwt 2702 teu (2100 at 14ts) 500 reefers / 22,3kn on 88,0ts 36 mos ww trade	22,500
Pontremoli '06	KLINE
32,190 dwt 2646 teu (2010 at 14ts) 304 reefers / 23,0kn on 94,0ts 3 yrs feast trade	22,500
Northern Joy '92	Senator
31,160 dwt 1917 teu (1640 at 14ts) 240 reefers / 19,2kn on 65,0ts 24 mos cont/ecsa trade	18,900
Pacific Quest '83	Maersk Line
32,631 dwt 1906 teu (1720 at 14ts) 300 reefers / 21,5kn on 75,0ts 12 mos ww trade	18,600
Nefeli I '81	Hapag Lloyd
25,794 dwt 1812 teu (1502 at 14ts) 100 reefers / 20,0kn on 87,0ts 12 mos feast trade	15,000
Buxmoon '95	APL
23,130 dwt 1687 teu (1191 at 14ts) 152 reefers / 19,0kn on 48,0ts 12 mos feast trade	18,000
Marcrotone '94	ext GSL
23,465 dwt 1684 teu (1231 at 14ts) 82 reefers / 19,0kn on 48,5ts ext 9-11 mos fe/aussie trade	18,000
M.H. Thamrin '00	PIL
26,200 dwt 1644 teu (1350 at 14ts) 200 reefers / 19,0kn on 51,0ts ext 12 mos feast trade	17,000
Conti Jork '90	ext PIL
23,596 dwt 1599 teu (1148 at 14ts) 120 reefers / 18,0kn on 45,0ts 12 mos feast trade	16,000
Sinar Surya '99	UASC
24,316 dwt 1560 teu (1210 at 14ts) 200 reefers / 18,5kn on 45,0ts ext 21 mos feast/meast trade	18,000
Barbarossa '81	MSC
19,438 dwt 1271 teu (1090 at 14ts) 101 reefers / 18,0kn on 47,5ts 12 mos aussie trade	12,500
Independent Trader '91	YML
17,610 dwt 1208 teu (866 at 14ts) 75 reefers / 17,5kn on 33,0ts 12 mos atlantic trade	13,000
Rio Lawrence '05	QC Lines
12,450 dwt 1150 teu (717 at 14ts) 232 reefers / 19,0kn on 43,0ts 12 mos feast trade	13,000
Sunrise Express '06	Yang Ming Line
12,400 dwt 1043 teu (655 at 14ts) 180 reefers / 18,0kn on 31,0ts 12 mos feast trade	11,500

Geared

N/B Ariana '06	ZIM
38,700 dwt 2714 teu (2200 at 14ts) 500 reefers / 22,2kn on 85,5ts 24 mos ww trade	22,500
Bella '01	opt CSCL
35,600 dwt 2672 teu (2040 at 14ts) 400 reefers / 22,0kn on 83,0ts opt 36 mos feast / aussie trade	18,500
Bonny '01	opt CSCL
35,600 dwt 2672 teu (2040 at 14ts) 400 reefers / 22,0kn on 83,0ts opt 36 mos feast / aussie trade	18,500
Bravo '01	opt CSCL
35,600 dwt 2672 teu (2040 at 14ts) 400 reefers / 22,0kn on 83,0ts opt 36 mos feast / aussie trade	18,500
Chief '01	opt CSCL
35,600 dwt 2672 teu (2100 at 14ts) 400 reefers / 22,0kn on 83,0ts opt 36 mos feast / aussie trade	18,500
Merkur Bay '02	NYK
35,770 dwt 2670 teu (2000 at 14ts) 400 reefers / 22,0kn on 99,0ts 3 yrs fe/ecsa trade	21,500
Conti Valencia '98	ext MSC
34,051 dwt 2456 teu (1780 at 14ts) 200 reefers / 21,0kn on 67,0ts ext 24 mos ww trade	21,500
Viking Eagle '06	Cheng Lie
23,579 dwt 1740 teu (1289 at14ts) 300 reefers / 21,0kn on 64,0ts 12 mos feast trade	18,000
Comandate '83 (Conbulker)	Pan Logistics
25,855 dwt 1738 teu (1050 at 14ts) 50 reefers / 14kn 24 mos aussie trade	13,500
Amanda '00	Yang Ming Line
22,900 dwt 1730 teu (1125 at 14ts) 250 reefers / 20,0kn on 54,5ts 24 mos usec/ecsa trade	16,500
Adrian '97	ext CP Ships
22,900 dwt 1730 teu (1125 at 14ts) 300 reefers / 20,0kn on 54,0ts ext 24 mos wcsa/wcca trade	17,250 net of addcom
Wehr Ottensen '97	CMA CGM
22,878 dwt 1730 teu (1125 at 14ts) 200 reefers / 20,0kn on 54,5ts 36 mos ww trade	16,100 net of addcom
Wehr Mueden '98	CMA CGM
23,040 dwt 1730 teu (1125 at 14ts) 200 reefers / 20,0kn on 54,5ts 48 mos ww trade	15,250 net of addcom
Saxonia '99	CMA CGM
25,414 dwt 1714 teu (1295 at 14ts) 250 reefers / 21,8kn on 64,0ts 38 mos feast trade	17,200
Francisca Schulte '98	ext Maersk Line
22,015 dwt 1608 teu (1083 at 14ts) 200 reefers / 21,0kn on 60,0ts ext 12 mos middle east trade	18,000 net of addcom
Fabian Schulte '97	ext Maersk Line
22,015 dwt 1608 teu (1083 at 14ts) 200 reefers / 21,0kn on 60,0ts ext 12 mos middle east trade	18,000 net of addcom
Westerhever '94	MCC Transport
22,340 dwt 1572 teu (1060 at 14ts) 150 reefers / 20,0kn on 53,0ts 12 mos feast trade	18,000 net of addcom
H Kirkenes '02	ext Maersk Line
20,630 dwt 1550 teu (1029 at 14ts) 246 reefers / 20,5kn on 58,0ts ext 12 mos USG/Caribs trade	17,050 net of addcom
San Francisco '96	Maersk Line
20,219 dwt 1512 teu (1189 at 14ts) 150 reefers / 20,0kn on 51,0ts 12 mos med/wafrica trade	18,000 net of addcom
San Lorenzo '93	ext Maersk Line
20,278 dwt 1512 teu (1180 at 14ts) 100 reefers / 20,0kn on 51,0ts ext 12 mos east africa feeder	18,000 net of addcom
San Felipe '96	ext KLINE
20,219 dwt 1512 teu (1189 at 14ts) 150 reefers / 20,0kn on 51,0ts ext 12 mos usec / ecsa trade	18,750
Rinkenis '93	MCC Transport
20,147 dwt 1388 teu (1014 at 14ts) 150 reefers / 18,5kn on 42,0ts 10 mos feast trade	16,300
Alioth '06	MCC Transport
17,350 dwt 1347 teu (925 at 14ts) 449 reefers / 20,0kn onr 52,0ts 16 mos feast trade	14,600
Rio Branco '98	CMA CGM
20,500 dwt 1300 teu (1000 at 14ts) 63 reefers / 16,5kn on 29,4ts 12 mos asia trade	14,000
Independent Spirit '91	Samudera
17,610 dwt 1208 teu (866 at 14ts) 75 reefers / 17,5kn on 37,0ts 10 mos feast / india trade	12,850
Santos '85	MOL
17,261 dwt 1132 teu (818 at 14ts) 75 reefers / 17,0kn on 30,5ts 24 mos feast/eafrica trade	11,500
Thor Neptune '89	Seaboard Marine
20,377 dwt 1128 teu (750 at 14ts) 136 reefers / 15,0kn on 26,0ts 18 mos caribs trade	13,550
Jork '96	CP Ships
14,580 dwt 1122 teu (765 at 14ts) 150 reefers / 19,5kn on 44,0ts 15 mos caribs trade	13,500 net of addcom
VN Sapphire '87	Samudera
14,101 dwt 1022 teu (677 at 14ts) 113 reefers / 15,5kn on 27,0ts 5-7 mos feast trade	10,500
Belle Ille '93	ext Samudera
12,300 dwt 1012 teu (640 at 14ts) 90 reefers / 17,5kn on 30,0ts ext 12 mos ag trade	10,700
Alianca Patagonia '96	ZIM
12,400 dwt 1012 teu (636 at 14ts) 136 reefers / 17,5kn on 31,0ts 12 mos caribs trade (relet fm h-sued)	11,500
Sagar '99	KLINE
17,791 dwt 1005 teu (875 at 14ts) 150 reefers / 18,5kn on 42,2ts 36 mos interasia trade	12,200
Merwetrader '06	Yang Ming Line
12,500 dwt 957 teu (604 at 14ts) 252 reefers / 18,8kn on 39,0ts 12 mos feast trade	11,800
Winco Feeder '84	opt Samudera
14,007 dwt 944 teu (650 at 14ts) 50 reefers / 15,5kn on 28,0ts opt 12 mos feast trade	6,900
Teutonia '83	Maersk Line
12,750 dwt 908 teu (635 at 14ts) 50 reefers / 16,5kn on 31,0ts 6 opt 6 mos ioc trade	11,100

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