New Orders Container
As in previous months activity at the new building market stayed low. However, rumours of[ds_preview] contracted vessels are circulated. SITC is said to have agreed with Dae Sun upon the construction of two plus two optional feeder vessels of approximately 1,100TEU. Supposedly, contracts have already been signed a few months ago. The price is hawked around to be below 19mill. $ per vessel. Furthermore, Lomar is said to have ordered three feeder ships having a size of about 1,800TEU at Jiangsu Yangzijiang. Nevertheless, in the likely case of conformation these orders would just be a drop in the bucket and thus would not affect the recovery process negatively.
Secondhand Sales Container
Bustle at the secondhand market remained on a similar level as in the previous reporting period.
The ratio of transacted former post-panamax vessels was remarkably high. Most deals involved attached charter contracts or bare-boat leasing schemes. Thus, prices can only partly serve as benchmarks.
Demolition Sales
The world price for iron ore firmed in July. This was reflected in increasing recycling activity. In total we counted nine container vessels sold for scrap. Nevertheless, “tonnage outflow” is still clearly smaller than it used to be in the first quarter of 2017.
