New Orders
Newbuilding orders only applied to smaller types between 1,800 and 2,700TEU. Maersk is in negotiations regarding[ds_preview] a contract for 5+5 ships of 2,200TEU. They will cost 25mill. $ each. Malaysian operator MTT placed an order for two 1,800TEU ships at Zhoushan Changhong, while Sea Consortium ordered six 2,700TEUs.
Secondhand Sales
The market was less active, the 6,661TEU carrier »NYK Themis« was acquired by Eastern Pacific. The remaining transactions took place in the feeder segment. The 2016 South Korean-built bangkokmax »Heung-A Laem Chabang« was sold to Kotoko for 20mill. $. In addition, the 2000 South Korean-built »AS Savonia« was acquired by Vega Reederei for a new low benchmark price of 3,35mill. $, while »Catharina Schulte« was sold to Tuftonic for 13mill. $ including.
Demolition Sales
Scrapping activity decreased, latest sales demonstrate firm price levels, but the current sentiment indicates a slight softening. The falling iron ore prices could be an indication of this. Growing fears over an economic slowdown in China and the impact of a trade war lead to the pressure on prices.
