New Orders Container
Newbuilding activity for boxships stayed active. Hyundai Merchant Marine will order 20 units. Daewoo and[ds_preview] Samsung will build seven and five 23,000TEU vessels to be delivered in 2020. Hyundai will deliver eight 14,000TEU vessels in 2021. In the feeder segment, Pan Ocean placed an order for two 1,800TEU ships at Hyundai Mipo, costing around 23mill $ each, to be delivered in late 2019. Furthermore, Wuhan Container Shipping, a regional Yangtze river player, is said to have ordered two 1,100TEU at Ezhou Guangda.
Secondhand Sales Container
S&P activity increased. Compared to the last reporting period, buyers are now willing to match owners firmer asking prices. In total we recorded nineteen transactions including seven en bloc deals. One noticeable transaction was done between CMB and Norway`s Ocean Yield. Four 3,800TEU vessels were sold at a package price of 120mill. $, based on a 12-year bareboat charter back to CMB. Further, the 2007 built »Buxharmony« with a capacity of 2,702TEU. The ship was acquired via an online auction for a firm price of 14.25mill. $.
Demolition Sales
Scrapping activity remained low – only two vessels were sold. Currently one container vessel`s light displacement ton quotes at around 450$ on the Indian sub-continent, while in Turkey and China a ton of container scrap steel worth approximately 280$.
