Harper Petersen & Co – Ship brokers since 1943
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Market Report

Container update 27th October, 2004
Not unsurprisingly the upward trend continued in all segments of the charter market in October. With only a handful of ships still available for the remainder of this year and with charterers continuing to try and secure or extend tonnage ahead into 1st half 2005, we expect further charter rate improvements. What has been remarkable is that this trend has extended to the smaller 1200-1700 teu sizes.

In the segment above 2000 TEU the sublets of two Dauelsburg panamaxes from NYK to CSCL and the two Passat Shipping 2800 teu newbuildings to the insatiable CSAV were most notable deals in the last couple of weeks. NYK obtained a cracking rate of usd 45,000 on the "Octavia" and "Bellavia" for a 12 mos sublet to CSCL. The two "Passat" Newbuildings (ex yard Poland 2005)achieved a stunning rate of usd 26,000 for a 5 years period with CSAV whilst it is rumoured that two 2800 TEU newbuildings (ex Hyundai Mipo) contracted by Tsakos failed at the same rate with Messrs. ZIM.

Between 1300 and 1900 TEU the activity in comparision to last months was rather low, however rates remain stable. We do expect this segment to improve further during spring next year when we expect a higher demand of ships in this size. Interesting to see was the "triple sublet" of the "CCNI Valparaiso" (ex "Elisabeth") from GWSC to Seacon.
This ship was earlier this year chartered for 36 mos to CCNI who subletted the ship to GWSC some 3 months ago before the latter again subletted her to Seacon now. This on the one hand indicates the shortage of tonnage available in the market and on the other hand shows that whenever a ship becomes redundant to a charter they are trying to sublet her in order to make some profit on an operating basis. We expect more of those rather uncommon deals to happen during next year.

In the size around 1000 TEU the strong activity improved even further. The 1170 TEU gearless "Cape Sorrell" and "Cape Spencer" obtained a very juicy rate of usd 14,500 for a period of 48 !!! mos. This is some usd 500 more what a comparable ship obtained one months ago but for a period of 36 months only. Also the japanese owned "Reflection" extension with Wan Hai at usd 14,400 for a period of 36 mos is an improvment of some usd 600-700 in comparision to similar ships fixed a couple of weeks ago.


 
 
 

FIXTURES

Gearless

Bellavia '05 CSCL
66,160 dwt 5117 teu (3370 at 14ts)
500 reefers / 25,0 kn on 165,0ts
12 mos sublet from NYK
 45,000
   
Octavia '05 CSCL
66,160 dwt 5117 teu (3370 at 14ts)
500 reefers / 25,0 kn on 165,0ts
12 mos sublet from NYK
 45,000
   
Cosco Bremerhaven '89 CSAV
44,851 dwt 3918 teu (2834 at 14ts)
200 reefer / 23,5 kn on 128,0 ts
opted 12 mos Feast trade
 24,500
   
Passat Breeze '05 CSAV
39,350 dwt 2732 teu (2267 at 14ts)
500 reefers / 22,5 kn on 85,5ts
5 yrs ww trade
 26,000
   
Passat Spring '05 CSAV
39,350 dwt 2732 teu (2267 at 14ts)
500 reefers / 22,5 kn on 85,5ts
5 yrs ww trade
 26,000
   
Conti Germany '92 KMTC
23,596 dwt 1599 teu (1148 at 14ts)
120 reefers / 18,0kn on 45,0ts
36 mos Feast trade
 20,500
   
Conti La Spezia '90 unnamed
23,596 dwt 1597 teu (1211 at 14ts)
120 reefers / 18,0 kn on 45,0 ts
36 mos WW trade
 21,000
   
Kuo Chang '99 extn Simatech
18,618 dwt 1405 teu (1120 at 14ts)
84 reefers / 18,9 kn on 37,0 ts
36 mos feast trade
 21,000
   
Asian Trader '91 NYK
22,735 dwt 1404 teu (1090 at 14ts)
98 reefers / 19,0 kn on 41,0ts
24 mos FE trade
 23,000
   
Cape Fresco '04 Cheng Lie
16,000 dwt 1200 teu (870 at 14ts)
150 reefers / 19,0 kn on 41,0ts
48 mos ww trade
 16,000
   
Cape Sorrell '97 extn TS Lines
13,741 dwt 1170 teu (760 at 14ts)
90 reefers / 19,0 kn on 40,5ts
48 mos Feast trade
 14,500
   
Glory D '78 Sinoline
13,527 dwt 946 teu (606 at 14ts)
30 reefers / 15,0kn on 25,0ts
15-16 mos Feast trade
 11,000
   
Maasstroom '05 Unifeeder
9400 dwt 809 teu (505 at 14ts)
200 reefers / 19,0 kn on 33,0ts
24 mos Nth Europe trade
 eur 8,950
   


Geared

Frisia Rotterdam '04 MOL
33,900 dwt 2478 teu (1916 at 14ts)
400 reefers / 22,5 kn on 84,2ts
4 mos Feast trade (relet fm hamburg-sued)
 31,750
   
Conti Cartagena '97 Hamburg-Sued
34,083 dwt 2460 teu (1810 at 14ts)
300 reefers / 21,0kn on 67,0ts
27 mos ww trade
 28,000
   
Nordfalcon '97 CMA/CGM
28,366 dwt 2105 teu (1466 at 14ts)
200 reefers / 20,0 kn on 55,0 ts
42 mos ww trade
 24,000 net
   
Bonavia '95 PONL
30,743 dwt 2078 teu (1700 at 14ts)
414 reefers / 22,5 kn on 72,0ts
5 mos relet from hamburg sued
 33,000
   
Marivia '01 PONL
30,375 dwt 2072 teu (1618 at 14ts)
432 reefers / 21,5kn on 74,0ts
opted 12 mos Feast trade
 20,000
   
Santa Giuliana '96 extn CLAN
30,095 dwt 2061 teu (1658 at 14ts)
150 reefers / 19,5kn on 50,7 ts
34-36 mos Feast/Wcsa trade
 private
   
CCNI Valparaiso (Elisabeth) '94 Seacon
29,931 dwt 1806 teu (1527 at 14ts)
100 reefers / 19,5 kn on 44,5ts
30-33 mos ww trade (sublet fm gwsc)
 24,500
   
Veronique Delmas '84 MOL
31,983 dwt 1710 teu (1570 at 14ts)
200 reefers / 17,5 kn on 49,0ts
30 days trip cont/feast
 22,500
   
Northern Felicity '94 PONL
22,246 dwt 1709 teu (1112 at 14ts)
270 reefers / 19,0kn on 46,0ts
36 mos cont/med trade
 22,750
   
Maximilian Schulte '05 CSAV
23,400 dwt 1696 teu (1295 at 14ts)
280 reefers / 20,5 kn on 60,0ts
60 mos ww trade
 16,500
   
Cap Lobos '97 CMA CGM
21,520 dwt 1645 teu (1180 at 14ts)
120 reefers / 19,0 kn on 49,0ts
5 mos feast trade (relet fm hamburg sued)
 26,500
   
Trave Trader '94 KMTC
22,525 dwt 1600 teu (1090 at 14ts)
200 reefers / 21,0 kn on 58,9ts
6 mos feast trade
 24,000
   
Hansa Trondheim '98 extn UASC
20,840 dwt 1550 teu (1029 at 14ts)
198 reefers / 20,0kn on 49,8ts
36 mos Feast trade
 23,000
   
Hansa Aalesund '01 extn UASC
20,700 dwt 1550 teu (1029 at 14ts)
246 reefers / 20,0kn on 50,0ts
36 mos Feast trade
 23,000
   
Westermuehlen '93 Hapag Lloyd
20,140 dwt 1388 Teu (1030 at 14ts)
150 reefers / 18,5 kn on 42,0 ts
12 mos Feast trade
 23,500
   
Cape Spencer ' 96 extn TS Lines
13,623 dwt 1170 teu (780 at 14ts)
90 reefers / 19,0 kn on 40,5ts
48 mos Feast trade
 14,500
   
Antares J '02 Maersk Sealand
17,183 dwt 1157 teu (909 at 14ts)
250 reefers / 19,0kn on 38,0ts
opt 12 mos USWC/WCSA trade
 10,750
   
Auriga J '01 Maersk Sealand
17,183 dwt 1157 teu (909 at 14ts)
250 reefers / 19,0kn on 38,0ts
opt 12 mos USWC/WCSA trade
 10,750
   
Thor Neptune '89 Seacon
20,377 dwt 1128 teu (736 at 14ts)
136 reefers / 16,0kn on 31,5ts
18-20 mos Feast trade
 15,000
   
Ara J '98 Maersk Sealand
16,833 dwt 1122 teu (817 at 14ts)
120 reefers / 18,5 kn on 38,0ts
ext 36 mos USG/NCSA trade
 15,200
   
Cape Brett '92 extn SYMS
10,481 dwt 930 teu (590 at 14ts)
80 reefers / 17,0 kn on 26,0ts
36 mos Feast trade
 13,750
   
Cape Byron '93 Sinoline
10,200 dwt 930 teu (570 at 14ts)
80 reefers / 17,0kn on 28,5ts
36 mos Feast trade
 13,500
   
Reflection '04 extn WHL
11,200 dwt 915 teu (650 at 14ts)
150 reefers / 18,0 kn on 31,0ts
36 mos Feast trade
 14,400
   

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