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Market Report

Container update 16th August, 2004


The previous fortnight has seen an interesting number of forward fixtures, and market rumours abound for a good deal more. All sizes reported fixtures, and with the peak season around the bend, rates will remain strong.

In the 2000+ size, we hear plenty of gossip and chatter, and the market has and will remain strongest here. However, we understand that Maersk have taken two Panamax Hyundai 5000’s Charles Dickens, and Ernest Hemingway for eight years for just under $ 30,000, whereas NYK have taken the two Dauelsburg vessels Bellavia and Octavia for eight years for a rate said to be nearer $ 32-34,000!! In the 2000+ size, CSAV managed to snap up the Baltic CS 2500 Frisia Rostock, a rare 2004 newbuild still available this year, and the third sister this charterer has taken, for 75 months at $ 20,500. Also, Montemar extended the Harald S for five years at $ 23,250, and Maersk have taken the two Thomas Schulte VWS 2500 newbuilds for five years at $ 21,000 per day.

The mid range saw an increase in activity, with Owners still accepting shorter periods for premium rates, but also being able to secure longer term. The CS1400 Novia reached
$ 18,950 for 42 months, whereas the sister Olivia took $ 22,250 for a seven month charter with Maersk. Gold Star Line have naturally declared options for both the Cape Nati and Norman at a ‘mere’ $ 18,000. The optional rate last year that appeared terribly steep, but with similar vessels now expecting at least $ 23,000 for a similar period, it must be quite pleasing for the Charterers.

The 800/1200 teu sector also saw long periods attained, and rates continue to push back any conceivable boundaries. The 1122teu Jade Trader took $ 13,450 for a 36 month extension with LNL, and the older Franconia managed a startling $ 15,950 for an 18 month extension with Cheng Lie. For a shorter term fixture, the Hansa Greifswald took a whopping $ 14,700 for six months Atlantic trading with MSL.


 
 
 

FIXTURES

Gearless

Bellavia & Octavia '05 NYK
66,400dwt 5028teu (3370 at 14t)
500 reefers / 25.5kn on 185
for 8 years wwide trade
private rate
   
Charles Dickens & Ernest Hemingway '05 MSL
66,782dwt 4990teu (3280 at 14t)
400 reefers / 24.3 on 164.5
for 8 years wwide trade
29,300
   
Brazilian Express '00 extn Hanjin
21,420dwt 1679teu (1230 at 14t)
194 reefers / 21kn on 61
for further 6 months Med/Mid East/Feast
24,000
   
Conti Sydney '90 Yang Ming
23,596dwt 1597teu (1168 at 14t)
120 reefers / 18kn on 45
for 12 months Feast trade
21,000
   
Cape Norman & Cape Nati '98 optn GSL
22,148dwt 1550teu (1180 at 14t)
200 reefers / 21kn on 61.3
for fruther 11 months Korea/SE Asia trade
18,000
   
Anglian Express '95 extn Chang Lie
18,421dwt 1473teu (1140 at 14t)
84 reefers / 18.2 kn on 35
for further 24 months
19,000
   
Amalthea '00 optn MSL
14,900dwt 1216teu (840 at 14t)
200 reefers / 22kn on 63.5
for further 12 mos N Europe trade
13,950
   
Franconia '79 exnt Cheng Lie
18,642dwt 1073teu (927 at 14t)
80 reefers / 20kn on 56
for further 18 months SE Asian trade
15,950
   
SITC Yokohama '04 Wan Hai
12,550dwt 831teu (600 at 14t)
120 reefers / 18kn on 30
for 24 mos intra asian trade
13,800
   


Geared

Frisia Rostock '04 CSAV
33,900dwt 2478teu (1916 at 14t)
400 reefers / 22.5kn on 84
for 75 months wwide trade
20,500
   
Harald S '02 extn Montemar
33,680dwt 2474teu (1950 at 14t)
420 reefers / 22kn on 74
for further 60 months USEC/ECSA
23,250
   
Natalie & Isabelle Schulte '05 MSL
33,400dwt 2474teu (1865 at 14t)
550 reefers / 22kn on 78.2
for 5 years wwide trade
21,000
   
Pembroke '97 PIL
34,600dwt 2458teu (1894 at 14t)
300 reefers / 21kn on 64
for 5 years wwide trade
22,750
   
Hermann '93 NYK
21,650dwt 1661teu (1100 at 14t)
150 reefers / 20kn on 52
for 24 wwide trade
22,700
   
Merkur Cloud '96 PONL
22,026dwt 1584teu (1087 at 14t)
200 reefers / 21kn on 60.5
for Indian Ocean round
21,000
   
Nordlake '94 Safmarine
22,450dwt 1524teu (1115 at 14t)
120 reefers / 19.5kn on 49.5
for 2-3 mos Atlantic trade
22,750
   
Olivia '95 MSL
20,150dwt 1452teu (1010 at 14t)
209 reefers / 19kn on 45
for 7 months Feast trade
22,250
   
Novia '95 Costa
20,150dwt 1452teu (1010 at 14t)
209 reefers / 19kn on 45
for 42 months Atlantic trade
18,950
   
Mizar '05 Cheng Lie
17,350dwt 1347teu (925 at 14t)
214 reefers / 20kn on 52
for 36 months wwide trade
15,800
   
Jade Trader '96 extn LNL
14,700dwt 1122teu (762 at 14t)
150 reefers / 19.8kn on 42
for further 36 months Mid East/India/E Afr
13,450
   
Hansa Greifswald '96 MSL
12,575dwt 1016teu (636 at 14t)
100 reefers / 17.5kn on 35
for 6 mos Atlantic trade
14,700
   

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