New Orders Container
Within the new building market for container vessels, only one order was placed during the[ds_preview] last four weeks. Greece`s Cosmoship has ordered four 1,500TEU vessels at Guangzhou Wenchong in China. The ships are scheduled to be delivered in the second half of 2019.
Secondhand Sales Container
The market for further trading container vessels was less active in the second half of November and the first half of December compared to the previous reporting period. In total we recorded twelve transactions including two en bloc deals. Again, the Oslo-based ship investment company MPC Container Ships AS expanded its activities and acquired ten container vessels for a total price of 130mill. $. Nine 1,700TEU vessels and an additional 2,800TEU vessel with an average age of eight years were purchased from South Korean owner Cido Shipping. Furthermore, Hanseatic Lloyd has sold four panamax container vessels for a high price of 27,5mill. $ each with additional long-term remaining time charters for 27,500$/day until 2020. They were purchased by Navios.
Demolition Sales
The scrap price increase observed in the past weeks continued during this reporting period. The positive development of global iron ore prices had its impact on quoted scrap prices. Even though scrapping activity for container vessels remained low with in total five vessels sold for scrap, prices well above $400/ldt were achieved. On the Indian sub-continent, the 1996 built panamax container ship »Fortunate« for example was sold for 467$/ldt.Jan Göldner
