THE container charter market rates for both large and small vessels are enjoying a summer peak season rebound, whilst rates for medium-sized tonnage remain stagnant in light of stalling demand.
Charter rates for overpanamax tonnage rose on the back of limited vessel supply and firm demand, reported Alphaliner.
Denmark's Maersk Line fixed the 8,540 TEU Seroja Empat, sublet from MISC Bhd, for four to six months at US$26,500, an increase on the $25,500 paid in May by UASC on the same ship for a Pacific round voyage.
MSC has secured the 6,966 TEU Schulte-controlled Adrian Schulte for 12 months at $20,500. The vessel recently ended a five-year charter with APL at a much higher rate of $37,250.
Hamburg Sud has sublet the 6,612 TEU Zodiac-controlled Cap Aguilar to Maersk for three to five months at $16,500, a loss making deal for the German company which originally fixed the vessel in November 2013 for a 12-month charter at $22,000.
The 4,000-5,000 TEU wide-beam sector continues to generate interest with Maersk extending the 5,071 TEU Thenamaris-controlled Seasmile for 12 months at $16,650, less than the $18,100 Maersk was so far paying.
NYK fixed the 4,620 TEU Hamburger Lloyd-controlled RHL Calliditas for nine to 12 months at $15,500, slightly above what the Japanese operator paid for a sister vessel for a similar period in early June.
The panamax market continues its rally with rates finally reaching $10,000, as illustrated by the fixture of the 5,050-TEU Margrit Rickmers for an Asia-US east coast round voyage.
MSC fixed the sister vessel Pinehurst Kontor for six to nine months at $9,900; and OOCL secured in Asia the 5,041-TEU Patjens-controlled Herma P for seven to nine months at $9,700.
This rate is a huge blow for Patjens, who enjoyed a rate of $28,000 from an eight-year charter with P&O Nedlloyd that recently expired.
The 3,000-3,500 TEU market is at last seeing some progress with rates hitting the high $7,000s, up from recent fixtures of low to mid $7,000. The higher rates for larger panamax ships have also forced charterers to consider smaller tonnage.
CMA CGM has extended the 3,586 TEU HS Bizet for seven to 10 months at $7,750. The vessel is deployed by CMA CGM's affiliate ANL on the North America-ANZ 'Oceania' service operated jointly with Hapag-Lloyd and Hamburg Sud.
In Asia, MOL fixed the 3,380-TEU William Shakespeare for two months at the same rate. The vessel is to join the new Asia-west Africa service that MOL recently launched with Evergreen and COSCO.
WORLD SHIPPING
10 July 2014 - 19:45
Freight rates enjoy summer rally...
THE container charter market rates for both large and small vessels are enjoying a summer peak season rebound, whilst rates for medium-sized tonnage remain stagnant in light of stalling demand.
WORLD SHIPPING
10 July 2014 - 19:45
Freight rates enjoy summer rally: Alphaliner
This news 9726 hits received.
These news may also interest you