Märkte | Markets Container New ConTex Development Vessel type Evaluated Period Today Comparison to last report Month-on-Month Year-on-Year 20.04.17 13.04.17 Change Change 21.03.17 Change Change 19.04.16 Change Change New ConTex* 399 396 3 0,8% 333 66 19,8% 342 57 16,7% New ConTex* 1100 TEU 1700 TEU 2500 TEU 2700 TEU 3500 TEU 4250 TEU 2500 TEU 2700 TEU 3500 TEU 4250 TEU 12 mos 24 mos 12 mos .539 .292 .959 .312 .142 .300 .223 .463 .279 .024 .522 .274 .820 .240 .995 .226 .032 .318 .070 .865 9 7 1 5 9 9 0,3% 0,2% 1,4% 0,7% 1,5% 0,7% 2,1% 1,6% 2,3% 1,6% .378 .874 .786 .966 .796 .354 .963 .089 .836 .969 1 8 .173 .346 .346 .946 .260 .374 .443 .055 2,5% 6,1% 27,9% 29,5% 30,1% 35,3% 32,5% 33,5% 35,7% 43,8% .287 .469 .634 .684 .585 .712 .102 .144 .773 .431 -748 -177 2.325 2.628 2.557 3.588 3.121 3.319 3.506 4.593 -10,3% -2,4% 30,5% 34,2% 33,7% 46,5% 51,1% 54,0% 60,7% 84,6% VHSS 10,000 9,000 8,000 4400 TEU gearless 3500 TEU gearless 2750 TEU gearless 2500 TEU geared Period rates $/day Charter The surge in charter rates for larger container vessels continued over the past weeks, helped by tight supply of spot/prompt ships. Fixing levels for traditional panamaxes are now cemented in fivedigit territory, with peak rates of ,000 per day agreed for panamaxmax units in the Atlantic. Rates for 2,5002,800 TEU ships nudge higher in the $ 9,000’s range. 7,000 6,000 5,000 4,000 Jun-16 Sep-16 Dec-16 Mar-17 Clarksons Second hand 2750 TEU gearless 7.0 3500 TEU gearless 6.0 Secondhand Prices, mill. $, 10 year old Charter There are positive signs for feeder class ships between 1,000 and 2,000 TEU but the actual improvements so far are pretty limited. Geared 1,700 TEU ships see rate levels edging up to low ,000’s per day. Further increases could be beckoning, though, as carriers reportedly have a number of open positions yet to cover for May. The smallest feeders below 1,000 TEU continue to struggle, particularly 700 TEU class ships in Asia. Second hand 725 TEU geared 3.8 1000 TEU geared 4.5 1700 TEU geared 6.0 2000 TEU gearless 6.0 Secondhand Prices, mill. $, 10 year old 7,500 Period rates $/day 6,500 5,500 2000 TEU gearless 1700 TEU geared 1000 TEU geared 725 TEU geared 4,500 Jun-16 Sep-16 Dec-16 Mar-17 16 HANSA International Maritime Journal – 154. Jahrgang – 2017 – Nr. 5
Märkte | Markets 24,000 20,000 16,000 12,000 Spot market rates average earnings $/day (21.04.2017) Capesize c. 2010-built bulkcarrier post start-January 2009, then a c. 2000-built vessel Supramax 52k dwt Panamax c. 2010-built bulkcarrier post start-January 2009, then a c. 2000-built vessel 13,819 12,390 11,125 Spot Bulker The general trend in the dry cargo market remains positive but with diverging fortunes in the individual size classes. The capsize spot market lost some steam, coinciding with a softer trend in the iron ore commodity market. By contrast, panamax freights were soaring on the back of buoyant tonnage in grain ports on the East Coast of South America. Supramax and handysize earnings improved slightly. 8,000 4,000 0 Mar-16 Jun-16 Sep-16 Dec-16 Mar-17 Clarksons Capesize Panamax Supramax 13,819 12,390 11,125 Avg. Spot Earnings $/day Period Developments in the period market mirror those in the spot market, with oneyear durations for 180,000 dwt capesizes coming down from circa 15,000 to 14,000 $/day, according to brokers. Meanwhile 12 month rates for panamaxes were seen rising from 9,000 to over 12,000 $/day. Period business for supramaxes and handysize carriers also firmed up a bit. 16,000 13,500 Period rates $/day (21.04.2017) Capesize modern Panamax modern Supramax 52k dwt from start 2002, 45k previously Handysize modern 15,250 7,925 Capesize Panamax Supramax Handysize 15,250 12,075 10,250 8,250 1Year Timecharter Rate, $/day 11,000 8,500 6,000 3,500 Mar-16 Jun-16 Sep-16 Dec-16 Mar-17 10,250 8,250 25 20 Second hand prices in mill. $ (10 years old, 21.04.2017) Capesize 170k dwt Panamax 75k dwt Handymax 52k dwt Handysize 32k dwt 24 Second hand Buying interest for bulk carriers continued to be strong over the past weeks, pushing prices further up. Increases got smaller, though, with the market moving sideways and even smaller weaker transactions emerging in week 16. Obviously, a greater number of owners are looking to capitalise on the latest increases following a rough ride in 2016. A lot of interest circles around capsize units. 15 10 5 Mar-16 Jun-16 Sep-16 Dec-16 Mar-17 14 12 8 Capesize 24.0 Panamax 14.0 Handymax 12.0 Handysize 8.0 Secondhand Prices, mill. $, 10 year old HANSA International Maritime Journal – 154. Jahrgang – 2017 – Nr. 5 17
