New Orders Container
Activity at the containership new building market decreased. Only two orders became public during the[ds_preview] reporting period. SITC ordered two 2,400 TEU vessels with Jiangsu Yangzijiang for 29 mill $ each, delivery scheduled in autumn 2020.
The second order was placed by Nissen Kaiun. Hyundai Mipo will build four 1,800 TEU vessels (delivery 2019). Two units were fixed to KMTC on 10 years’ time charters at 12,000 $/day.
Secondhand Sales Container
The market for further trading container vessels was less active compared to the previous reporting period. In total, seven post-panamaxes and thirteen feeder vessels changed hands.
Navios picked up the 9,954 TEU quartet Athos, Asklipios, Athenian and Aristomenis for a price of 52,5 mill. $ each. The sale includes a Hapag-Lloyd time charter until March 2019 at 26,630 $/day.
In the smaller segment, the transaction of »Wellington Strait« and the »Winchester Strait« to Milaha, which we reported on in April, failed. The two 1,740 TEU vessels were purchased by MPC Container Ships for 14 mill. $ each.
Demolition Sales
The world market price for iron ore oscillates around 63$/t. After a setback during February and March, the price is moving sideways. Recycling activity remained low. In the Indian sub-continent, the monsoon slows productivity down. No new scrap candidates entered the market.
