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Weekly Container Briefing
May 19, 2015
Time Charter
Sale and Purchase
Vessel (TEU/HOM)
700/440TEU (GL) 17.5 k
1,043/660TEU (GL) 18 K Eco
Index
+/-
3.96
? 0.00
5.68
? 0.00
1,100/715TEU (G) 19 k
11.33
? 0.00
1,700/1,125TEU (G) 19.5 k
12.41
? 0.71
1,740/1,300TEU (G) 20.5 k
12.37
? 0.41
1,714/1,250TEU (G) 19k Bkk Max
6.74
? 0.00
2,500/1,900TEU (G) 22 k
6.76
? 0.00
2,800/2,000TEU (GL) 22 k
7.00
? 0.00
3,500/2,500TEU (GL) 23 k
3.07
? 0.11
4,250/2,800TEU (GL) 24 k
4.60
? 0.07
5,500/4,200TEU (GL) 25 k
2.67
? 0.25
8,500/6,600 (GL) 25 k
3.94
? 0.13
80.53
? 0.78
BOXi Total
Sales Last 30 days
Total Demolished
2015YTD
Braemar
ACM’s
15,500TEU (7 Vessels)
90,500 TEU (45 Vessels)
Vessel Deliveries Wk20 TEU
Sale and purchase activity and buying enquiry continued at a strong pace
this week across all sizes of the market. There are a number of
transactions under negotiation at the moment, which we expect to be
concluded soon.
The German owned vessel the MV 'Christopher' (1,440TEU built 2008
PEENE-WERFT gearless) has reportedly been sold to the current
managers for $14.5Mn, with a number of buyers in the mix.
The much talked about MV 'ER Cannes' (2,556TEU built 2005 HYUNDAI
HI geared) was rumoured to have finally been sold to Greek buyers. The
vessel was inspected by a large number of interested parties, and was
rumoured to have been sold for a price in excess of $14.5Mn. It should be
noted that this unit is a high-reefer design, which markedly increased the
buying interest.
In the Panamax sector, rumours continue that three RHL vessels (the RHL
Fiducia, RHL Felicitas, and RHL Fidelitas) have been tied up on subjects
at a price in the region of $19.75Mn per vessel, but this has not been
confirmed.
Total in Same Period
2014
Total
Demolished 2014
Demometer
- Container
Ship
Deliveries
244,000TEU (82 Vessels)
394,500 (162 Vessels)
Shipyard
Ow ner
Deployment
Comment
Total NBs Delivered 2015YTD
603,000TEU (77 Vessels)
Barzan
18,691
Hyundai H.I. (Samho)
United Arab Shipping Co (UASC)
Asia-EUR-Asia
1/6 UASC O3 AEC1 Service
M ette M aersk
18,270
DSME
AP Moller-Maersk
Asia-EUR-Asia
17/20 Maersk Line 2M AE5 Service
M aersk Tema
5,466
Hanjin H.I. (Subic)
Oaktree Capital
Asia-WAF-Asia
10/10 Maersk Line FEW3 Service
Kota Selamat
3,899
Dalian Shipbuilding
Pacific International Lines
Asia-WAF-Asia
8/12 SWS Service
SITC Guangdong
1,808
CSBC (Taiw an)
SITC
Intra-Asia
4/12 VTX2 Service
Dongjin Enterprise
1,048
Daesun Shipbuilding
Dong Jin Shipping
Intra-Asia
1/1 Intra-Asia trading
Total TEU
49,182
Headlines
Macroeconomics
The price of new homes in CHINA fell for the eighth consecutive
month in April, showing the property sector continues to be a major
drag on the world's second-largest economy. The average price in
China's 70 major cities fell 6.1 per cent from a year ago - the same
rate of decline as in March. A large inventory of unsold homes is
weighing on the once red-hot market. The property sector accounts for
about 20 per cent of China's economy, according to economists.
The RUSSIAN economy has contracted in the first three months of
2015 because of low oil prices, weaker spending and sanctions from
the West. It shrank by 1.9 per cent between January and March compared with the previous year, according to the Russian statistics agency. That compares to annual growth of 0.4 per cent in the previous
quarter.
The economy of the EUROZONE grew by 0.4 per cent in the first
three months of the year, official figures have shown, as its slow recovery continues. Although the figure was slightly below analysts'
expectations, it shows growth in the bloc has been accelerating slowly
over the past year. It was also the fastest quarterly growth rate for
nearly two years. Earlier, figures showed Germany's economy grew
by less than expected while France grew faster than forecast.
CHINA is planning to invest up to $50bn in BRAZIL for new infrastructure projects. The deal is due to be signed by banks from both countries during a visit by Chinese Prime Minister to Brazil this week. The
money will go towards building a railway link from Brazil's Atlantic
coast to the Pacific coast of Peru to reduce the cost of exports to China. It says the fund will also finance a joint venture to produce steel.
CONTAINER throughput at the Port of Los Angeles fell 6.1 per cent year
on year in April as the problems the port faced with congestion continued
to work their way through the supply chain. In a statement, the port said it
had handled a total of 662,973TEU in April, down from last year’s 706,036
TEU. (LL)
Freight rates on the ASIA - N. EUROPE trade tumbled in the space of
seven days by 23.6 per cent to in effect wipe out nearly half of the general
rate increases that were finally pushed through by carriers last week. The
latest Shanghai Containerised Freight Index shows prices on the spot
market fell from $861/TEU to $658/TEU, a fall that represents close to 40
per cent of last week’s total GRIs that followed no fewer than 13 consecutive weeks of declines. (LL)
The PHILIPPINES was the most competitive shipbuilding nation last
month in terms of new orders. Even though winning this crown was more
of a result of the industry downturn, whether and how the country’s yards
have improved competitiveness is still worthy of examination. Philippine
shipbuilders secured orders for vessels totalling 592,380 compensated
gross tonnes in April, compared to South Korean yards’ 533,275 CGT,
Chinese yards' 295,513 CGT and Japan's 149,396 CGT. (LL)
Indicators
S ha ngha i C o nt a ine ris e d F re ight Inde x
F T S E 10 0 Inde x
D o w J o ne s Indus t ria l A v e ra ge Inde x
B re nt C rude O il P ric e $ / bbl
S inga po re B unk e r P ric e 3 8 0 $ / t o nne
Braemar ACM Shipbroking - London - Singapore - Shanghai
Email: [email protected]
London Office: Tel: + (0) 203 142 4250 Singapore Office: Tel: + 65 65 169588
758▼
6,969▼
18,282▲
66.27 ▲
375.5▼
Every effort as been made to ensure the information contained within this report is accurate, Braemar ACM Shipbroking cannot accept responsibility for error, omission or consequence therefrom