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Market Report

Container update 29th September, 2004


Last month we have again witnessed a charter market dominated by increasing rate levels in all sizes of ships. The total number of fixtures concluded in September was relatively low in comparision to the last couple of years simply due to the fact that there is only a very limited amount of ships still available within the year and even then many of the fixtures were for forward positions. Therefore a few of the fixtures that have been done during the last four weeks are therefore quite remarkable.

In the segment above 2000TEU particularly CSAV has shown appetite in ships this month by taking/extending 6 x 2500 TEU vessels controlled by Doehle for a period of 5 years at levels around usd 22.000. Furthermore they have taken the Nordatlantic at a stunning rate of USD 23,750 also for 5 years with a dely in mid 2005 only - a higher rate for a more forward position ! The slightly larger Wadi Alrayan obtained USD 29.300 for a 3 year period from the active Chileans. We should also not fail to highlight the fixtures of four baby panamaxes fixed by P&O Nedlloyd for 5 years at USD 30.000 net with deliveries 3rd and 4th quarter 2005, which is slightly above last done in this segment.

Between 1300 and 1900 TEU the demand for ships remained very high. This fact is reflected by the rates concluded for the few fixtures in that size. The CC1600 Type Merkur Cloud achieved USD 22,150 net from Messrs. PIL for the established period of 3 years for ships in that size. This is some USD 200 more in comparision to what a sister vessel fixed one months ago for a period of 30 months only. Also the fixture of the gearless 1684 TEU Pride of Dehli for one year at usd 24,750 is quite notable as it shows that Owners are gaining a premium if they are willing to fix the ship for shorter periods.

Around 1000 TEU activiy and demand was very strong this month. It was interesting to watch that also the smaller vessels are mainly fixing period of about 3 years now. Furthermore we have noticed that quite a lot of Newbuildings with deliveries mid/end 2005 have been fixed in this segment. SYMS were the most active ones in this sector when extending three gearless B183 types from Hanseatic Lloyd at usd high 13000 for 3 years and fixing three 1118 TEU newbuildings with deliveries end 2004, mid 2005 and end 2005 for a period of 40 months at USD 13900 for the earlier Islandia and USD 11500 for the later ones.


 
 
 

FIXTURES

Gearless

JPO Cancer '05 PONL
52,450 dwt 4132 Teu (2900 at 14ts)
720 reefers / 24,7 kn on 150,0ts
5 yrs ww trade
30,000 net
   
JPO Pisces '05 PONL
52,450 dwt 4132 Teu (2900 at 14ts)
720 reefers / 24,7 kn on 150,0ts
5 yrs ww trade
30,000 net
   
JPO Capricornus '05 PONL
52,450 dwt 4132 Teu (2900 at 14ts)
720 reefers / 24,7 kn on 150,0ts
5 yrs ww trade
30,000 net
   
JPO Libra '05 PONL
52,450 dwt 4132 Teu (2900 at 14ts)
720 reefers / 24,7 kn on 150,0ts
5 yrs ww trade
30,000 net
   
Honour '89 CSAV
49,262 dwt 3916 teu (2858 at 14ts)
197 reefers / 23,0 kn on 128 ts
12 mos transpac trade (sublet)
24,550
   
Northern Divinity '97 MISC
45,117 dwt 3607 teu (2610 at 14ts)
300 reefers / 23,8 kn on 115ts
5 yrs ww trade
31,500
   
Jolly ' 92 extn Dongnama
29,693 dwt 2152 teu (1700 at 14ts)
295 reefer / 18,0 kn on 53,0ts
1/1/1 yr Feast trade
private
   
Hertford '99 OOCL
14,169 dwt 1733 teu (821 at 14ts)
300 reefers / 23,0 kn on 100ts
relet 6 mos feast trade
16,000
   
Pride of Delhi ' 94 Hapag Lloyd
23,465 dwt 1684 teu (1191 at 14ts)
152 reefers / 19,0 kn on 48,0 ts
11-13 mos Feast trade
24,750
   
Eilbek '05 CP SHIPS
16,000 dwt 1600 teu (1090 at 14ts)
311 reefers / 20,0 kn on 49,5ts
14-16 mos med/ec canada trade
19,750
   
Reinbek '05 CP SHIPS
16,000 dwt 1600 teu (1090 at 14ts)
311 reefers / 20,0 kn on 49,5ts
14-16 mos med/ec canada trade
19,750
   
Flottbek '05 CP SHIPS
16,000 dwt 1600 teu (1090 at 14ts)
311 reefers / 20,0 kn on 49,5ts
14-16 mos med/ec canada trade
19,750
   
Kuo Chia '98 extn WHL
18,622 dwt 1405 teu (1120 at 14ts)
84 reefers / 18,2 kn on 36,8ts
12 mos Feast trade
23,000
   
Aurette A '02 Maersk Sealand
17,254 dwt 1221 teu (918 at 14ts)
178 reefers / 19,0 kn on 38,0 ts
12 mos Nth Europe trade
18,000
   
Kuo Hsiung '93 extn Cheng Lie
18,154 dwt 1169 teu (1100 at 14ts)
42 reefers / 18,0 kn on 29,0ts
3 years ww trade
avg. 18.677
   
Mare Balticum '93 extn SYMS
12,715 dwt 1,054 teu (660 at 14ts)
95 reefers / 17,5 kn on 30,0ts
36 mos feast trade
13,750
   
Mare Adriaticum '93 extn SYMS
12,715 dwt 1,054 teu (660 at 14ts)
95 reefers / 17,5 kn on 30,0ts
36 mos feast trade
13,750
   
Mare Doricum '95 SYMS
12,715 dwt 1,054 teu (660 at 14ts)
95 reefers / 17,5 kn on 30,0ts
36 mos feast trade
13,750
   
Gabriella ' 04 TS Lines
11,530 dwt 956 teu (637 at 14ts)
193 reefers / 18,0 kn on 32,0 ts
30 mos Feast trade
13,600
   
Christine '04 TS Lines
11,530 dwt 956 teu (637 at 14ts)
193 reefers / 18,0 kn on 32,0 ts
30 mos Feast trade
13,600
   


Geared

Wadi Alrayan '00 CSAV
40,301 dwt 2989 teu (2111 at 14ts)
300 reefers / 21,6kn on 92,5ts
3 yrs ww trade
29,300
   
TBN Doehle 2500 CSAV
33,500 dwt 2546 teu (1886 at 14ts)
420 reefers / 22,2 kn on 78,2ts
5 yrs ww trade
22,000
   
JPO Gemini '05 CSAV
33,500 dwt 2546 teu (1886 at 14ts)
420 reefers / 22,4 kn on 78,2ts
5 yrs ww trade
23,000
   
Caroline Schulte '01 HAMBURG SUED
33,771 dwt 2532 teu (1850 at 14ts)
600 reefers / 22,0 kn on 87,0ts
5 yrs ww trade
19,500
   
Coral Bay ' 05 Maersk Sealand
34,500 dwt 2492 teu (1820 at 14ts)
566 reefers / 22,0 kn on 88,0ts
6 yrs ww trade
20,700
   
Crystal Bay ' 05 Maersk Sealand
34,500 dwt 2492 teu (1820 at 14ts)
566 reefers / 22,0 kn on 88,0ts
6 yrs ww trade
20,700
   
Laura S '98 CSAV
33,914 dwt 2474 teu (1830 at 14ts)
320 reefers / 21,0 kn on 66,5ts
5 yrs ww trade
21,000
   
Thea S '02 CSAV
33,500 2474 teu (1950 at 14ts)
420 reefers / 22,0 kn on 78,0ts
5 yrs ww trade
23,000
   
Helgoland Trader '98 CSAV
33,987 dwt 2470 teu (1889 at 14ts)
320 reefers / 21,0 kn on 66,5ts
5 yrs ww trade
21,000
   
Nord Atlantic '03 CSAV
33,825 dwt 2466 teu (1910 at 14ts)
400 reefers / 22,8 kn on 88,0ts
5 yrs ww trade
23,750
   
Monteverde '98 CSAV
33,987 dwt 2462 teu (1850 at 14ts)
320 reefers / 21,0 kn on 66,0ts
5 yrs ww trade
21,000
   
Santa Federica '98 NYK
30,007 dwt 2169 teu (1664 at 14ts)
420 reefers / 20,0 kn on 47,5ts
10-12 mos transpacific trade
32,500
   
Bonavia '95 HAMBURG SUED
30,743 dwt 2078 teu (1700 at 14ts)
414 reefers / 21,5 kn on 74,0ts
42-46 mos ww trade
26,000
   
Oder Trader '98 Clan
30,400 dwt 2008 teu (1628 at 14ts)
250 reefers / 21,0 kn on 67,0ts
3 yrs Feast / Sth America trade
27,000
   
Merkur Cloud '96 PIL
22,083 dwt 1608 teu (1083 at 14ts)
200 reefer / 21,0 kn on 59ts
3 yrs ww trade
22,150
   
Conti Asia '93 extn GSL
23,596 dwt 1599 teu (1150 at 14ts)
70 reefers / 18,0 kn on 45,0ts
10 mos feast trade
22,250
   
Corinthiakos '82 extn SEACON
25,085 dwt 1418 teu (1050 at 14ts)
64 reefers / 16,0 kn on 32,0ts
30 mos ioc trade
15,750
   
Merak '05 Cheng Lie
17,350 dwt 1347 teu (925 at 14ts)
413 reefers / 20,0 kn on 52,0ts
36 mos Feast trade
15,750
   
Rio Branco '98 extn PIL
20,100 dwt 1300 teu (1000 at 14ts)
63 reefers / 17,0 kn on 29,5 ts
11-13 nos Fe/Me trade
17,900
   
Merkur Sea '84 Norasia
21,888 dwt 1288 teu (1015 at 14ts)
50 reefers / 18,0 kn on 43,0ts
24 mos ww trade
18,750
   
Sophie Schulte '96 MSL
14,080 dwt 1162 teu (750 at 14ts)
100 reefers / 17,0 kn on 30,5ts
6 mos Atlantic trade
15,900
   
Asian Island ' 03 extn TS Lines
13,760 dwt 1118 teu (700 at 14ts)
220 reefers / 19,5 kn on 36,0ts
36 mos Feast trade
14,000
   
Islandia '04 SYMS
13,760 dwt 1118 teu (700 at 14ts)
220 reefers / 19,6 kn on 36,0 ts
40 mos Feast trade
13,900
   
Malte Rambow '05 SYMS
13,760 dwt 1118 teu (700 at 14ts)
220 reefers / 19,6 kn on 36,0ts
40 mos Feast trade
11,500
   
Helmuth Rambow '05 SYMS
13,760 dwt 1118 teu (700 at 14ts)
220 reefers / 19,6 kn on 36,0ts
40 mos Feast trade
11,500
   
Vega Diamond '03 Hanjin
13,760 dwt 1118 teu (700 at 14ts)
220 reefers / 19,6 kn on 36,0ts
36 mos Feast trade
14,400
   
Elbstrom '94 ZIM
15,166 dwt 1048 teu (751 at 14ts)
100 reefers / 18,5 kn on 40,0 ts
opt 12 mos med/usa trade
12,600
   
Plovdiv '89 EMES
14,101 dwt 1034 teu (666 at 14ts)
60 reefers / 16,0 kn on 30,5ts
12 mos med trade
13,250
   
Hansa Rostock '94 extn WHL
12,575 dwt 1016 teu (645 at 14ts)
90 reefers / 17,5 kn on 29,0ts
24 mos Feast trade
14,700
   
Hansa London '92 extn WHL
12,380 dwt 1016 teu (636 at 14ts)
90 reefers / 17,5 kn on 27,7ts
24 mos Feast trade
14,700
   
Hansa Stralsund '92 extn WHL
12,577 dwt 1016 teu (636 at 14ts)
120 reefers / 17,5kn on 27,7 ts
24 mos Feast trade
14,700
   

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