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Continental Chartering Bulletin, June 2012

1

News Flash

MSC plans the implementation of a

general fright rate increase for cargo

moving from Asia to the east coast of

South America from 15th of July on-

wards. The increase shell amount 500

US-Dollars per TEU. Additionally a peak

season surcharge of 200 US-Dollars will

be demanded for twenty foot containers

being shipped from the Western Medi-

terranean to the Middle and Far East.

Within the next days the Mauritian

harbour Port Louis and the South Afri-

can ports Durban and Ngqura will wel-

come the biggest container vessels that

ever touched a South African and Mauri-

tian port. The 11.660-TEU-vessel MSC

Solar arriving from China and Singapore

will travel regularly on the „Cheetah

Service “which connects the Far East

with South Africa..

The Panama Channel Authority (ACP)

announced to delay the introduction of

its new toll system. The planned toll

system gave rise to intense protests of

liner operators, because it leads to an

immediate toll increase of 15 %. Now the

ACP seems to plan a phased toll increase

.

Inception of the summer gap

While the charter rate recovery did not continue in June, freight

rates remained on a reasonable level.

Surely it is pointless to discuss

whether what was experi-

enced at the charter market

since March deserves to be

called a “bull market” or

whether it is rather a weak

manifestation of a seasonal

trend. However, it can be rec-

orded that the recovery of

charter rates did not continue

in June. Though, in most seg-

ments charter rates oscillate

on a more or less constant

level, but total activity is de-

creasing clearly. The so called

summer gap has started rela-

tively early this year. Rates for

Panamaxes and Post-

Panamaxes with over 4.000-

TEU are clearly above those of

smaller vessels, whose rates

should (if even) cover the

OPEX. The trend of the idle

container fleet is in all seg-

ments decreasing, while

smaller vessel sizes constitute

a far the bigger share of un-

employed container ships.

The ConTex published by

the “Vereinigung Ham-

burger Schiffsmakler und

Schiffsagenten” dropped

since the beginning of June

by 10 points. So far the

ConTex losses rather reflect

subdued expectation than

effective rate declines.

The liner operators´ income

environment is still favour-

able. In June freight rates

remained on a relatively

high level. Even though

forward freight rates are

falling for the remainder of

the year they stay on a rea-

sonable level. For the third

quarter an increased de-

mand activity was ob-

served this week. Bunker

prices continued their de-

scent. Nevertheless the

improved income situation

has a relatively small im-

pact on the operators´ char-


2

tering behaviour (tonnage

demand). On the one hand

this could be caused by the

aftermath of the miserable

financial year 2011 and the

first quarter 2012. On the oth-

er hand there exists a non-

negligible uncertainty regard-

ing the future business cycle

development (worsening of

the Euro-Crisis, decreasing

world trade growth). Addi-

tionally the cascade effect

causes the demand for vessels

with more than 4.000 TEU to

be far higher than the demand

for smaller vessels.

The new building market ex-

perienced vibrant activity.

While there circulates contra-

dictory information on the

14.000-TEU-ULCS order for

Evergreen reported in April,

there is activity in the Baby-

Neo-Panamax-Segment: In the

middle of June it was an-

nounced that Schulte Group

ordered five 5.100-TEU-

newbuildings for 45 million

US-Dollars at Hanjin Heavy

Industries. One week later it

became known that Zodiac

Martime placed an order of

five (plus five optional) 5.000-

TEU-vessels for 40 Million US-

Dollars at STX Offshore &

Shipbuilding Dalian. Consid-

ering the US-Dollars deflation

and the increase of labour and

material costs this could be

regarded a historically low

price.

In June the number of con-

tainer vessels sold for scrap

declined significantly. To

some extent this can be ex-

plained by the decrease of the

price paid per light displace-

ment tonnage. Until mid-June

considerably more container

vessels have been scrapped

than in whole 2011. Probably

not as much tonnage will de-

bark at the shores of South

and East Asia as in 2009,

though it already is foreseea-

ble that 2012 will be the se-

cond scrap intensive year

since the Millennium. The

second-hand market for con-

tainer vessels witnessed some

transactions in June although

it were fewer than in the pre-

vious months.

According to branch intelli-

gence provider Alphaliner the

world container fleet reached

the 16-million-TEU-mark this

week. It took the fleet twelve

months to increase by one

million TEU. Despite this

enormous pace of growth it

can be stated that the contain-

er fleet´s growth rate deceler-

ated. While the fleet of vessels

with more than 4.000 TEU

grew considerably during the

last months, the fleet of con-

tainer vessels with less than

4.000 was declining in the first

half of 2012.


3

NEW BUILDINGS CONTAINER - Deliveries – June 2012

NAME TEU ORDERED SHIPYARD ORDERING PARTY

MSC Valeria 14.000 05/2007 Daewoo (DSME) MSC Hyundai Speed 13.092 06/2012 Hyundai Samho H.I. Danaos

APL Salalah 10.700 06/2007 Daewoo (DSME) NOL/APL

YM Uniformity 8.240 08/2007 China SB All Oceans Transportation

Tolten 8.004 06/2012 Samsung CSAV

MOL Generosity 5.605 07/2008 Hyundai Samho H.I. Peter Döhle

MOL Growth 5.605 07/2008 Hyundai Samho H.I. Schulte Group

Xin Zheng Zhou 4.738 06/2008 Jiangnan Changxing CSCL

Xin Hang Zhou 4.738 06/2008 Jiangnan Changxing CSCL

Maersk Cuanza 4.496 06/2012 Hyundai H. I. APM

Maersk Cabinda 4.496 06/2008 Hyundai Samho H. I. APM

STX Pagasitikos 4.398 07/2007 Hyundai Samho H. I. Dioryx Maritime

COSCO FOS 4.253 12/2007 Jiangsu New Yangzijang COSCO

COSCO Durban 4.253 12/2007 Jiangsu New Yangzijang COSCO

COSCO Colombo 4.253 12/2007 Jiangsu New Yangzijang COSCO

COSCO Houston 4.253 12/2007 Jiangsu New Yangzijang COSCO

Wan Hai 101 1.040 06/2012 China SB Wan Hai

Wes Janine 1.036 06/2012 Jiang Dong Shipyard Wessels Reederei

2nd-HAND SALES CONTAINER – December 2011

NEW BUILDINGS CONTAINER - New Orders – June 2012

QUANTITY/NAME TEU DELIVERY SHIPYARD ORDERING PARTY

5 x 5.100 2014/15 Hanjin-Philipienes Schulte Group

5 x 5.000 2014 STX O & S Dalian Zodiac


4

2nd-HAND SALES CONTAINER – June 2012

Name TEU BUILT YARD GEAR PURCHASR PRICE COMMENT

Akinada Bridge 5,610 2001 Hyundai H.I. GL Technomar $34,000,000 TCA $23,000,.-

OOCL China 5,344 1996 Samsung GL

GL

Box Ship Inc. $31,150,000 3 yr. TCB 26.486,-

OOCL Hong Kong 5,344 1995 Samsung GL Box Sip Inc. $31,500,000 3 yr TCB at $26.465,-

Sky Jupiter 2,686 1985 France GL undisclosed $9,000,000

CS Christine 1,388 1992 Germany 3 CR 40 Indonesia $3,500,000

Sumida 1,157 1997 Japan 2 CR 40 Indonesia $6,000,000

Elusive 660 1995 Germany GL Netherlands 900,000 €

Toho HK 316 1993 Korea GL $1,320,000

DEMOLITION SALES CONTAINER – June 2012

Name TEU BUILT LDT SCRAP LOCATION USD/LTD

MSC Prospect 1.359 1994 7.075 China 350


5

Source: Alphaliner/ Maersk Broker

0

100

200

300

400

500

19

96

19

97

19

98

19

99

20

00

20

01

20

02

20

03

20

04

20

05

20

06

20

07

20

08

20

09

20

10

20

11

20

12

con

tain

er

vess

els

year

New building orders by year and size group

7,000+ TEU

5,200-6,999 TEU

3,950-5,199 TEU

3,000-3,949 TEU

2,000-2,999 TEU

1,300-2,000 TEU

900-1,299 TEU

14,000,000

15,000,000

16,000,000

17,000,000

18,000,000

19,000,000

20,000,000

2010 2011 2012 2013 2014 2015

Capacity of the world container fleet (TEU)


6

Source: Alphaliner

-10%

0%

10%

20%

30%

40%

50%

2012 2013 2014 2015

4.0% 1.1% 0.3% 0.0% 0.9%

4.9% 0.3% 0.0%

-2.5%

3.7% 0.4% 0.0%

2.4%

9.4%

0.0% 0.0%

tonnage growth according to size group

1000-1499 1500-1999 2000-2999 3000-3999

0%

5%

10%

15%

20%

25%

30%

35%

40%

45%

50%

2012 2013 2014 2015

6.8% 7.9%

0.4% 0.0%

4.3% 4.5% 0.9% 0.0%

10.8%

17.0%

6.8%

1.7%

50.0%

31.6%

13.8%

9.0%

tonnage growth according to size group

4000-5099 5100-7499 7500-9999 10000-18000


7

Shanghai Containerized Freight Index (SCFI)

weight 2012-06-21 2012-06-29 change

SCFI (total)

100% 1425.66 1460.52 + 34.86

Europe (Base port) USD/TEU 20.0% 1549

Mediterranean (Base port) USD/TEU 10.0% 1685

USWC (Base port) USD/FEU 20.0% 2678

USEC (Base port) USD/FEU 7.5% 3805

Persian Gulf and Red Sea (Dubai) USD/TEU 7.5% 1395

Austrlian/New Zealand (Melbourne) USD/TEU 5.0% 746

East/West Africa (Lagos) USD/TEU 2.5% 2248

South Africa (Durban) USD/TEU 2.5% 1104

South America (Santos) USD/TEU 2.5% 1987

West Japan (Base port) USD/TEU 5.0% 344

East Japan (Base port) USD/TEU 5.0% 347

Southeast Asia (Singapore) USD/TEU 5.0% 274

Korea (Pusan) USD/TEU 2.5% 176

Taiwan (Kaohsiung) USD/TEU 2.5% 298

Hong Kong (Hong Kong) USD/TEU 2.5% 135

Source : Shanghai Shipping Exchange


8

Source: Vereinigung Hamburger Schiffsmakler und Schiffsagenten e.V.

4,000 €

9,000 €

14,000 €

19,000 €

24,000 €

29,000 €

Sep. 10 Dez. 10 Mrz. 11 Jun. 11 Sep. 11 Dez. 11 Mrz. 12 Jun. 12

ConTex for different vessel types

Type 1100

Type 1700

Type 2500

Type 2700

Type 3500

Type 4250

350

400

450

500

550

600

650

700

750

Okt. 10 Dez. 10 Feb. 11 Apr. 11 Jun. 11 Aug. 11 Okt. 11 Dez. 11 Feb. 12 Apr. 12 Jun. 12

ConTex


9

Representative Fixtures – June 2012

NAME TEU BUILT REEFER GD/GL DURATION CHARTERER REPORTED RATE

Agamemnon 7,943 2007 700 GL 36 months

MAERSK LINE

07.06.2012 $34,000

Ym Mandate 6,572 2010 500 GL

9-10 months

EVERGREEN 21.06.2012 $27,750

Hanjin Helsinki 5,551 2002 500 GL 9-12 months

MAERSK 07.06.2012 $22,300

Anguila 5,527 2006 500 GL 8-10 months MAERSK LINE 21.06.2012 $22,500

Agnes Rickmers 5,060 2005 454 GL 4 months

NYK 15.06.2012 $16,200

Westerbrook 5,043 2005 500 GL 12 months EVERGREEN 01.06.2012 $14,250

Santa Priscilla 5,042 2005 500 GL 12 months EVERGREEN 15.06.2012 $15,900

Sunny Amazon 4,743 1995 350 GL 12 months EVERGREEN 01.06.2012 $15,750

Northern Precision 4,616 2009 470 GL 1 month HANJIN 29.06.2012 $12,850

Csav Appennini 4,545 1997 350 GL 3 months CCNI 15.06.2012 $12,900

Granville 4,254 2010 550 GL 5-7 months YANG MING 03.06.2012 $9,000

Santa Rebecca 4,112 2002 1.300 GL 4-6 months HMM 21.06.2012 $12,350

Mare Lycium 4,038 1999 430 GL 2-4 months MAERSK LINE 15.06.2012 $9,300

Hope 3,916 1989 197 GL 12 months MSC 27.06.2012 $8,000

Lilly Schulte 3,635 2012 550 GD 1 month TS LINES 07.06.2012 $8,250

Hugo Schulte 3,635 2010 550 GD 6-9 months HAINAN 28.06.2012 $8,500

Praia 3,534 2009 500 GL 4-6 months CMA CGM 22.06.2012 $7,750

Carolina Star 3,430 2000 800 GD 3 months NILE DUTCH 15.06.2012 $9,500

HS Ravel 3,405 2012 539 GD 12 months NILE DUTCH 01.06.2012 $12,250

Victory 3,102 1988 GL 12 months MSC 27.06.2012 $6,500

Port Gdynia 3,091 2011 500 GD 6 months NILE DUTCH 14.06.2012 $11,500

Katharina S 3,091 2001 500 GL 1 month APL 07.06.2012 $7,900

Irenes Remedy 2,826 2005 400 GL 3-8 months MAERSK LINE 07.06.2012 $6,600

SFL Eagle 2,824 2007 586 GL 9 months OMAN SHIPPING 28.06.2012 $7,000

AS Cypria 2,824 2006 586 GL 12 months CMA CGM 03.06.2012 $7,350

Sydney 2,762 2003 300 GL 1 month RCL FEEDER 15.06.2012 $6,700

Cape Manila 2,758 2011 506 GD 9-10 months HAPAG 14.06.2012 $7,400

Elbwolf 2,732 1999 450 GL 12 months EVERGREEN HAM-

BURG

07.06.2012 $7,500

King Adrian 2,702 2004 400 GL 1 month TS LINES 15.06.2012 $7,250

Bosun 2,681 2001 400 GD 1 month MESSINA 15.06.2012 $6,500

Margarete Schulte 2,602 2006 440 GD 12 months NILE DUTCH 07.06.2012 $7,500

Erato 2,546 2011 GD 6-10 months GOLD STAR LINE 21.06.2012 $7,750

Rio Anna 2,546 2012 536 GD 6-10 months GOLDEN STAR 21.06.2012 $7,750


10

Representative Fixtures – June 2012

NAME TEU BUILT REEFER GD/GL DURATION CHARTERER REPORTED RATE

Wehr Trave 2,526 2002 481 GD 3-6 months NILE DUTCH 07.06.2012 $7,400

Northern Enterprise 2,456 2001 320 GD 9-12 months PIL 21.06.2012 $7,750

Willi Rickmers 2,226 1998 300 GD 5-6 months CMA CGM 03.06.2012 $7,300

Niara 2,011 1999 164 GD 2 months EVERGREEN 15.06.2012 $7,100

Leo Mono 2,011 1999 164 GD 8-10 months PIL 01.06.2012 $6,750

Klaus J 1,900 1997 310 GD 3-4 months COSCO 07.06.2012 $8,000

Valdivia 1,875 2006 96 GD 1-3 months TS LINES 07.06.2012 $6,900

Neptun 1,837 1998 350 GD 2-6 months MAERSK LINE 21.06.2012 $6,975

Eyrene 1,806 1993 100 GD 2-6 months CSAV 07.06.2012 $7,100

Kapitan Maslov 1,748 1998 150 GL 4-6 months OOCL 21.06.2012 $6,400

Hansa Brandenburg 1,740 2003 300 GD 2-4 months WAN HAI 26.06.2012 $6,500

William Strait 1,732 2009 300 GD 3-4 months HAINAN 28.06.2012 $6,700

Camilla Rickmers 1,730 1996 200 GD 7-10 months MAERSK LINE 21.06.2012 $6,900

King Brian 1,706 2008 300 GL 3-4 months HAINAN 21.06.2012 $7,000

Queen of Luck 1,684 1995 152 GD 1-2 months CMA CGM 15.06.2012 $6,500

Victoria 1,678 2004 400 GD 3-5 months MAERSK LINE 21.06.2012 $7,250

Reinbek 1,638 2005 311 GL 3 months TEAM LINES 14.06.2012 $9,000

Macaro 1,608 1996 200 GD 2 months MOL 21.06.2012 $6,650

L Amanda 1,560 1997 200 GL 1 month RCL FEEDER 25.06.2012 $6,200

Hansa Arendal 1,550 2001 198 GD 7-9 months EVERGREEN 14.06.2012 $6,800

Warnow Mate 1,496 2010 276 GL 9-10 months MCC 07.06.2012 $6,900

Courier 1,388 1995 150 GD 6 months CARAVEL 03.06.2012 $6,100

Alsterdijk 1,349 2011 431 GL 15 months CMA CGM 15.06.2012 $10,500

Ranjan 1,341 2008 449 GD 5-6 months CMA CGM 26.06.2012 $6,500

Warnow Whale 1,284 2007 390 GD 6 months SEABOARD MARINE 29.06.2012 $6,800

Austria 1,162 1993 90 GD 3 months OACL 01.06.2012 $5,600

Asiatic Bay 1,147 2007 240 GL 3 months ZIM 14.06.2012 $7,000

Cs Tina 1,131 1995 150 GD 3-4 months RCL FEEDER 21.06.2012 $5,900

Jasper S 1,118 2007 220 GD 3-5 months UFS 07.06.2012 $5,300

Stadt Berlin 1,102 1998 160 GD 2-5 months YANG MING 01.06.2012 $5,475

Mekong Spirit 1,042 1996 113 GD 3 months COSCO 21.06.2012 $5,250

Reecon Whale 1,022 2011 314 GD 4 months MAERSK LINE 14.06.2012 $5,500

Merkur Bridge 1,012 1993 90 GD 2-4 months MOL 21.06.2012 $5,000


11

Container Vessel Market Overview

Source: Hansa International Maritime Journal/ Clarkson Research


12

Container Vessel Market Overview

Source: Hansa International Maritime Journal/ Clarkson Research


13

The Continental Chartering Bulletin is a regularly released newsletter

concerning container shipping markets and other relevant economic

topics

Continental Chartering GmbH & Co. KG

Ballindamm 14-15

20095 Hamburg

Germany

Tel. + 49 - 40 - 32337070

Fax + 49 - 40 - 32337079

[email protected]

www.continental-chartering.de

editorial: Andreas Mietzner

Continental Chartering GmbH & Co. KG, Hamburg

eingetragen beim

Amtsgericht Hamburg, HRA 93683

vertreten durch

den Geschäftsführer, Peter Tamm

persönlich haftende Gesellschafterin:

Continental Chartering Verwaltungsgesellschaft

eingetragen beim

Amtsgericht Hamburg HRB 73050

Ust.Id.Nr.:

DE 204144047

Dieser Newsletters wurde nach bestem Gewissen erstellt, doch übernehmen die Continental Chartering GmbH & Co. KG sowie ihre leitenden Angestellten, Geschäftsführer,

Mitarbeiter, Bevollmächtigten und Manager keinerlei Gewähr für die Aktualität, Korrektheit, Vollständigkeit oder Qualität der bereitgestellten Informationen. Haftungsansprüche

gegenüber der Continental Chartering GmbH & Co. KG sowie ihrer leitenden Angestellten, Geschäftsführer, Mitarbeiter, Bevollmächtigten und Manager, welche sich auf Schäden

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This newsletter has been compiled in all conscience; however Continental Chartering GmbH & Co. KG as well as its chief executives, managers, employees and representatives take

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inception of the summer gapfiles.irwebpage.com/reports/shipping/0fyswwgwio/cc... · 2016-03-16 ·...

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