Market Report
Former Reports:
- 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
- Asiatic Wind´08
Container update 9th June, 2004 |
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The dramatic decline in the dry-bulk sector, which has seen a fall of over 50% since the high levels of March, has not had any real effect on the container market. Panamax vessels achieved mid $40,000 at the peak are now under $20,000, likewise Handy’s which had reached $25,000 are now approaching $12,000. The virtual halt of all imports in raw materials into China, long congestion and credit expiry that all influenced the decline in the dry sector do not carry the same immediate influence for the more ‘stable’ container sector. Indeed the once huge stockpiles in China are now getting close to minimum safety limits, and dry brokers are beginning to talk the market up again in line with expected improvements in import levels. China’s foreign trade remains dynamic, in 2003 there was 37% growth, and in 2004 expectations are at least 17%.
The quiet 2000teu + sector finally saw the Daedong 2500 type Laconikos being fixed for eight years at $19,750 for eight years to CMA/CGM. Having sought a five year charter at $25,000 for some months, a longer period may now indeed suit the owner more. We also saw the Nordatlantic agree to a ‘shorter’ 12 month period and achieved a thumping $33,200. Further the gearless sisters Trade Eternity and Selene achieved $25,850 for 36 months with MSC. This sector though quiet remains strong, and any available vessels are getting a lot of interest.
The mid range 1200-1900teu most recently has seen a tendency for shorter trips and round voyages as vessels become spot, and Charterers are trying to resist longer duration fixtures. However we did of course see the Merkur Delta, having missed out on a high paying twelve months charter, repeating the Sophia Russ level of 36 months at $20,700. The twelve month rate for vessels 1100teu at 14t have seemingly steadied off at about $22,700 courtesy of the Wenchong 1500 type, H Langeland. Although the sector is quieter, and the overall belief is possibly for a slight reduction in levels, the slack summer period may well be short lived as charterers gear up well in advance for the peak Autumn/Christmas season.
Upwards pressure still abounds within the 800-1200teu sector, with local feeder and regional operators having to contemplate longer charters to get more manageable discounted charter levels. However, they are less able to influence box rates than the lines, and the margins are much tighter as a consequence. However the same influences that effected the mid range sector, namely supply, is well established here. The Orskov Mark VII’s Ratana Sopa reached $14,350 for 24 months with PONL, and the Polaris and Pegasus reached $13,925 with Hamburg Sued.
FIXTURES
Gearless
| Trade Selene ' 95 | extn MSC |
| 41,667 dwt 2480 teu nom (2048 at 14t) 170 reefers / 20,5kn on 75,0t 3 yrs Cont/India/Aussie trade |
25,850 |
| Trade Eternity '95 | MSC |
| 41,667 dwt 2480 teu nom (2048 at 14t) 170 reefers /20,5kn on 75,0t 3 yrs Cont/India/Aussie trade |
25,850 |
| Buxlagoon ' 94 | Hapag Lloyd |
| 23,596 dwt 1687 teu nom (1191 at 14t) 152 reefers / 19,0 kn on 48,0t 1 Feast / Aussie R/V abt 25 days |
22,500 |
| Aegean Express '97 | extn Dongnama |
| 18,300dwt 1572teu (1140 at 14t) 84 reefers / 18.2kn on 36.8 for 16 mos Feast trade |
20,500 |
| Cape Negro '98 | YML |
| 23,650 dwt 1510 teu nom (1145 at 14t) 100 reefers / 19,0 kn on 44,0t 30-35 days Pacific trade |
20,250 |
| ACX Marigold '91 | NYK |
| 24,497dwt 1461teu (1200 at 14t) 200 reefers / 20kn on 53 for 6 mos Feast/SE Asia trade |
19,750 |
| Magna Vision '89 | Dongnama |
| 23,724 dwt 1298 teu nom (1183 at 14t) 70 reefer plugs / 17,0 kn on 34,0t 20-22 mos Feast trade |
17,900 |
| Montreal Senator '87 | APL |
| 19,700 dwt 1173 teu nom (960 at 14t) 100 reefers / 17,5kn on 49,5t 36 mos WW trade |
13,400 |
| Budi Waja '87 | APL |
| 19,710 dwt 1173 teu nom (960 at 14t) 100 reefers / 17,5kn on 49,5t 36 mos WW trade |
13,400 |
| Silver Ocean '00 | extn SYMS |
| 11,400dwt 834teu (590 at 14t) 80 reefers / 18kn on 33 for further 36 mos Feast trade |
9,500 |
Geared
| Laconikos '02 | CMA/CGM |
| 34,246 dwt 2622 teu nom (1854 at 14t) 600 reefers / 22,0kn on 88,0t 8 yrs ww trade |
19,750 |
| Nord Atlantic '03 | Hanjin |
| 33,850dwt 2478teu (1912 at 14t) 400 reefers / 22.8 on 88 for 12 mos wwide trade |
33,200 |
| Cielo D'Europa '02 | K-LINE |
| 33,900 dwt 2452 teu (1886 at 14t) 400 reefers / 21,8kn on 75,0t 48 Mos WW trade |
19,500 |
| Cielo D'America '02 | K-LINE |
| 33,900 dwt 2452 teu (1886 at 14t) 400 reefers / 21,8kn on 75,0t 48 Mos WW trade |
19,500 |
| Elisabeth '94 (relet) | GWSC |
| 29,930dwt 1806teu (1472 at 14t) 150 reefers 19.5kn on 44.5 for 2 transpac rounds |
24,000 |
| Wehr Koblenz '98 | PONL |
| 23,040 dwt 1730 teu nom (1125 teu at 14t) 200 reefers / 20,0 kn on 54,5t ext 18 mos Cont/Ecsa trade (period counts as from jan 2005) |
17,500 (retro as fm beg june) |
| Merkur Delta '95 | Safmarine |
| 22,900 dwt 1730 teu nom (1125 at 14t) 200 reefers / 20,0 kn on 54,0t 3 yrs WW trade |
20,700 |
| Iwato '95 | USL |
| 24,381dwt 1613teu (1250 at 14t) 206 reefers 20kn on 53 for 12 mos transpac trade |
optn 16,500 |
| H Langeland '03 | CSAV |
| 20,700 dwt 1581 teu nom (1065 at 14t) 288 reefers / 20,0kn on 55,0t 12 mos WW trade |
22,700 |
| Dorikos '96 | CP SHIPS |
| 24,457 dwt 1561 teu nom (1210 at 14t) 150 reefers / 19,5kn on 54,0t 60 days trip Cont/Aussie/FE (25days h.rob at 23k??) |
private |
| Heicon '84 | CP SHIPS |
| 22,240 dwt 1364 teu nom (1020 at 14t) 125 reefers / 18,0kn on 45,0t 2 yrs Caribs/ECSA trade |
13,500 |
| Caecilia Schulte '95 | Messina |
| 14,111 dwt 1162 teu nom (750 at 14t) 100 reefers / 17,0kn on 30,5t 1 Med/Wafrica R/V |
14,400 |
| Ratana Sopa '93 | PONL |
| 12,184dwt 1139teu (709 at 14t) 232 reefers 18.4kn on 40 for 24 mos feast trade |
14,350 |
| Pegasus '93 | Hamburg Sued |
| 12,060 dwt 1139 teu nom (709 at 14t) 232 reefers / 18,1kn on 44,0t 24 Mos Caribs trade |
13,925 |
| Polaris '93 | Hamburg Sued |
| 12,060 dwt 1139 teu nom (709 at 14t) 232 reefers / 18,1kn on 44,0t 24 Mos Caribs trade |
13,925 |
| Thor Nexus '89 | PIL |
| 20,200dwt 1128teu (750 at 14t) 136 reefers / 16kn on 31.5 for 12 mos SE Asian trade |
13000 |
This report reflects information given in good faith to the best of our knowledge, but without guarantee.
