New Orders Container
Orders only applied to smaller types between 635 and 2,200TEU. Maersk confirmed lease-financing deals[ds_preview] for 13 feeder (2,200TEU), to be bult in China (28mill. $ each) and Japan. Chinese owner Hunan Ocean ordered two 635TEUs at Hunan Jinhang. They will be equipped with dual fuel engines and will be deployed for river transport. Sinokor continued its ordering spree and ordered two firm 1,800TEUs at Hyundai Mipo.
Secondhand Sales Container
The market stayed on a low level, we saw seven transactions. Greek owner Contships implemented two transactions with in total seven vessels. The two 2007 Chinese-built 1,432TEUs »Independent Accord« and »Independent Concept« were purchased from Germany`s ICL for 12mill. $. The other deal included five feedermaxes, purchased from Hartmann Schiffahrts KG for 25.5mill. $ en bloc.
Demolition Sales
Activity continued its pace with an additional 12 vessels sold for scrap. As long as the market remains oversupplied and scrap prices stay firm, scrapping activity is likely to remain on a high level. The vast majority of the vessels were recycled in Bagladesh, which remains the key player in the Indian sub-continent. However, India improved its competitiveness steadily, due to the stabilization of steel prices coupled with a strengthening of the Rupee. In general, scrap prices remained stable between $434/ldt and $475/ldt on the Indian subcontinent. The highest price achieved the 5,040TEU vessel »Zim Haifa« ($475/ldt).
