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
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• 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 4th April, 2006

The last few weeks saw rate and periods stabilising in many sectors with operators returning to the charter market with their requirements. This was particularly true in the 2000teu plus sizes where demand remained strong in both the Atlantic and Pacific Basin. Owners are largely expecting this period of stability to continue for the coming months in all sizes, especially in relation to modern tonnage. However, older, lower specification vessels will continue to face difficulty in finding suitable employment. We expect Autumn will be the next crucial time in determing the direction of the market.

As already mentioned above, ships in excess of 2000 TEU have still been in high demand during the last four weeks. It was interesting to watch that Emirates Lines finally entered the charter market by taking two Doehle controlled 3100 TEU vessels for 3 years at a rate of USD 24,500. Emirates will trade these ships in the Indamex service in partnership with ZIM. Ships around 2500/2800 TEU are still achieving rates around USD 21,000/22,000 for
periods of 2 years.

Between 1300 and 1900 TEU activity picked up a little bit in comparison to last month. We have seen more ships in this size being absorbed by the market with rates stabilizing around usd 17,500 basis 12 months periods. It was interesting to observe that gearless units were achieving usd 500 less than their geared competition although much of this tonnage has now been taken with some charterers seeing good value.

The 1000teu sizes continue to remain active with rates holding and in some cases periods improving from 12 months to 18 months, as with the fixtures of the SIMA PRIDE and CAPE CREUS. The 590@ 14t CAPE CREUS was heard to achieve a remarkably firm rate of usd 12500 to MSC for Australia trading. Again however the story of the older / slower vessels struggling to find decent employment clouded the market. This was especially true for those owners wanting to limit their trading area to just the Far East. The continued availability of relet tonnage from Chinese operators was also another softening factor with fixtures of the SILVER OCEAN and PHU MY reported.

 
 
 

FIXTURES

Gearless

Mare Africum '97	PIL
34,670 dwt 2959 teu (2018 at 14ts) 260 reefers / 22,0kn on 82,0ts ext 2yrs feast/india trade	22,000
N/B Stadt Wismar '06	Evergreen
37,570 dwt 2742 teu (2115 at 14ts) 400 reefers / 22,0kn on 88,0ts 24 mos ww trade	21,000
Cape Mondego '06	Yang Ming Line
37,800 dwt 2742 teu (2115 at 14ts) 400 reefers / 22,0kn on 88,0ts 14 mos ww trade	24,100
Thomas Mann '03	Evergreen
31,500 dwt 2586 teu (2010 at 14ts) 400 reefers / 23,0kn on 93,0ts 18 mos ww trade	21,500
Nordwoge '06	Wan Hai Lines
34,600 dwt 2572 teu (1840 at 14ts) 600 reefers / 22,0kn on 89,5ts 12 mos feast trade	22,000
Meliton	PIL
33,185 dwt 1952 teu (1945 at 14ts) 218 reefers / 18,5kn on 62,2ts ext 24 mos FE/Indian sub. trade	16,750
Buxcrown '89	HeungA
26,288 dwt 1743 teu (1314 at 14ts) 120 reefers / 18,5kn on 49,0ts 3 mos feast trade	16,000
Cremon '00	Samudera
21,548 dwt 1679 teu (1230 at 14ts) 194 reefers / 20,5kn on 61,0ts 6-8 weeks feast trade	14,000
Cremon	Wan Hai Lines
21,549 dwt 1679 teu (1217 at 14ts) 194 reefers / 20,5kn on 61,0ts 12 mos feast trade	17,000
Sunset Bay '98	OOCL
22,800 dwt 1504 teu (1180 at 14ts) 200 reefers / 21,0kn on 60,0ts 12 mos ww trade	16,750
Barbarossa '81	Cheng Lie
21,569 dwt 1253 teu (1090 at 14ts) 101 reefers / 18,0kn on 47,5ts 1 mos interasia trade	14,500
Indonesia Star '80	PNSC
21,422 dwt 1177 teu (940 at 14ts) 80 reefers / 16,5kn on 50,0ts 12 mos red sea trade	9,000
El Temerario '06	NYK
13,950 dwt 1118 teu (730 at 14ts) 220 reefers / 20,0kn on 37,0ts 5-6 mos feast trade - relet fm delphis	13,500
El Bravo '06	TS Lines
13,760 dwt 1083 te4 (700 at 14ts) 220 reefers / 19,5kkn on 37,0ts 6-7 mos feast trade - relet fm delphis	12,900
Franconia '79	OOCL
18,946 dwt 1073 teu (926 at 14ts) 80 reefers / 20,0kn on 56,0ts 15 mos feast trade	10,500
Silver Ocean '00	GSL
11,400 dwt 834 teu (590 at 14ts) 80 reefers / 18,0kn on 33,0ts 12 mos feast trade (sublet fm syms)	10,700
Cape Creus	MSC
11,400 dwt 834 teu (590 at 14ts) 80 reefers / 18,0kn on 33,0ts 18 mos aussie trade	12,500

Geared

Coletta '05	Emirates Line
41,800 dwt 3091 teu (2481 at 14ts) 500 reefers / 22,0kn on 97,5ts 36 mos indamex trade	24,500
Minna '05	Emirates Line
41,800 dwt 3091 teu (2481 at 14ts) 500 reefers / 22,0kn on 97,5ts 36 mos indamex trade	24,500
HS Challenger '04	K Line
35,924 dwt 2674 teu (2040 at 14ts) 400 reefers / 21,5kn on 85,0ts 24 mos feast trade	22,000
N/B Hermes '06	CMA CGM
34,400 dwt 2490 teu (1875 at 14ts) 400 reefers / 22,0kn on 82,0ts 24 mos ww trade	20,750
Buxlink '02	APL
33,817 dwt 2478 teu (1912 at 14ts) 400 reefers / 22,5kn on 84,0ts 2yrs feast trade	21,000
Buxcontact '02	APL
33,807 dwt 2478 teu (1912 at 14ts) 410 reefers / 22,5kn on 86,0ts ext 2yrs ww trade	21,000
N/B Frisia Hannover '06	Hapag Lloyd
33,780 dwt 2478 teu (1912 at 14ts) 400 reefers / 22,0kn on 74,0ts	21,000
Anika Oltmann	MSC
33,918 dwt 2474 teu (1890 at 14ts) 320 reefers / 21,0kn on 67,0ts 24 mos ww trade	19,250
Jandavid S. '03	NYK
33,232 dwt 2450 teu (1845 at 14 ts) 300 reefers / 22,5kn on 80,0ts 24 mos ww trade	22,000
CSAV Ningbo '98	Maersk Line
30,705 dwt 2214 teu (1744 at 14ts) 300 reefers / 20,5kn on 86,0ts 3-5 mos feast trade - relet fm csav	19,550
Nordeagle '97	CMA CGM
28,370 dwt 2105 teu (1466 at 14ts) 200 reefers / 20,0kn on 55,0ts 12 mos ww trade - relet from ccni	19,000
Cape Denison	TOL
30,537 dwt 1842 teu (1350 at 14ts) 150 reefers / 19,5kn on 62,0ts 24 mos aussie/feast trade	16,000
Hansa Nordburg '02	ext Hamburg-Sued
23,058 dwt 1740 teu (1330 at 14ts) 300 reefers / 21,0kn on 64,0ts ext 13-16 mos fe/safrica/ecsa trade	17,750
Wehr Schulau '99	opt CSAV
23,026 dwt 1730 teu (1125 at 14ts) 200 reefers / 19,5kn on 54,5ts opt 12 mos ww trade	15,250
Altonia	Senator Line
22,900 dwt 1730 teu (1125 at 14ts) 250 reefers / 20,0kn on 54,5ts 24 mos cont/med trade	16,750
Matthias Claudius '06	CSCL
23,600 dwt 1720 teu (1330 at 14ts) 300 reefers / 21,0kn on 64,0ts 3yrs ww trade	15,250
Heinrich Heine '06	CSCL
23,600 dwt 1720 teu (1330 at 14ts) 300 reefers / 21,0kn on 64,0ts 3yrs ww trade	15,250
Hispania '98	OOCL
21,008 dwt 1651 teu (1190 at 14ts) 227 reefers / 21,0kn on 69,5ts relet 2 mos feast trade	15,500
Pacific Trader '96	Maersk Line
22,525 dwt 1600 teu (1124 at 14ts) 200 reefers / 21,0kn on 60,5ts 6 opt 6 mos atlantic trade	USD 17,750
Westerdeich	CP Ships
22,343 dwt 1572 teu (1060 at 14ts) 200 reefers / 20,0kn on 53,0ts ext 12 mos USG/NCSA/Brasil trade	17,250
San Francisco '96	Hapag Lloyd
20,219 dwt 1512 teu (1189 at 14ts) 150 reefers / 20,0kn on 51,0ts 1 cont/usec r/v abt 30 days	18,500
Rio Negro '99	ext MSC
20,567 dwt 1302 teu (1000 at 14ts) 63 reefers / 17,0kn on 29,4ts 12 mos atlantic trade	11,500
Rio Grande '98	ext MSC
20,567 dwt 1302 teu (1000 at 14ts) 63 reefers / 17,0kn on 29,4ts 12 mos atlantic trade	11,500
Marlene S '95	ext ZIM
23,130 dwt 1684 teu (1211 at 14ts) 152 reefers / 19,0kn on 48,0ts ext 12 mos usec/ecsa trade	17,750
Sima Pride '04	ext OOCL
17,130 dwt 1201 teu (915 at 14ts) 178 reefers / 19,0kn on 41,0ts ext 18 mos feast trade	14,200
Austria '94	ext ZIM
14,111 dwt 1156 teu (720 at 14ts) 90 reefers / 17,5kn on 31,0ts ext 12 mos usg/caribs trade	12,500
Santos '85	Sea Consortium
17,261 dwt 1132 teu (818 at 14ts) 75 reefers / 17,0kn on 31,0ts 2 mos spore/india trade	12,200
Saturn '96	CMA CGM
18,400 dwt 1129 teu (848 at 14ts) 152 reefers / 18,5kn on 40,0ts 12 mos ww trade	13,750
Phu My '88	Hanjin
14,245 dwt 1020 teu (666 at 14ts) 125 reefers / 15,4kn on 31,0ts 6 mos spore trade	9,250
Herm Kiepe '97	CMA CGM
13,300 dwt 969 teu (700 at 14ts) 270 reefers / 19,0kn on 36,8ts 2 caribs / ecsa r/v's each abt 30 days	12,500 net
Yong Xing '80	OEL
13,992 dwt 950 teu (660 at 14ts) 50 reefers / 15,0kn on 32,5ts 4 mos feast trade	8,500
Oberon	Crowley
9,322 dwt 907 teu (530 at 14ts) 70 reefers / 17,5kn on 31ts ext 18 mos usg/caribs trade	10,750
Alemania	Crowley
9,290 dwt 907 teu (540 at 14ts) 70 reefers / 17,5kn on 31,0ts ext 18 mos usg/caribs trade	10,750
Resolution '99	ext KMTC
10,005 dwt 855 teu (570 at 14ts) 18,5kn on 30,0ts ext 6 mos feast trade	10,500

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