New Orders Container
Contracting activity in the newbuilding market slowed over the past weeks. In total, only two[ds_preview] orders were placed during the last four weeks. On the feeder sizes, Evergreen ordered four 2,400 TEU vessels at Jiangnan for an estimated price of around 32 mill. $ to 33mill. $. Nissen Kaiun added four 1,900 TEU vessels to their orderbook at Tsuneishi Zhoushan. The vessels have been contracted at a price of above 25 mill. $ and are scheduled for completion in 2020.
Secondhand Sales Container
After a lethargic September with buyers waiting for securing tonnage below last done, secondhand sales activity returned throughout the last weeks. One transaction included two 6,500 TEU Post-Panamax vessels, purchased from Cyprus Maritime. 2003-built »NYK Aphrodite« and »NYK Artemis« changed hands for an undisclosed price. In the smaller segments, Lomar sold two 2,500 TEU vessels. MPC purchased 2002-built »Norfolk Trader« for 7.8 mill. $, while the 2 years older »Devon Trader« was sold to Tehama for 6.8 mill. $. Apparently Hartmann sold four 1.100 feeder vessels to Greek’s Pacific & Atlantic.
Demolition Sales
Scrapping activity picked up due to growing uncertainty regarding the demand for old vessels after 2020 and rising scrap steel prices. The highest price was achieved by Costamare’s 3,840 TEU »MSC Koroni«, sold for scrap at 502$/ldt – the highest price achieved since late 2014. Demolition prices for other sales ranged between 420$ and 480$/ldt.
