New Orders Container
The situation on the new building market remains unchanged. No orders were placed during this[ds_preview] reporting period. The increased level of uncertainty regarding the freight market, as well as the tighter finance conditions continues to derail interest for fresh orders.
Secondhand Sales Container
Activity on the 2 nd hand market picked up compared to the previous reporting period. In total we recorded eleven transactions including three en bloc deals. The ratio of vended panamax vessels was particularly high. Sinokor purchased »Venice Bridge« (4,738TEU, 2005 Korea built), »Astoria Bridge« (4,228TEU, 2009 Korea built), »Baltimore Bridge« (4,432TEU, 2010 built) and »Athens Bridge« (4,228 TEU, 2009 Korea built) en bloc. A further deal encompassed two 2012-built 13,100TEU boxships. US-based investment firm En Trust Global paid a combined 150mill. $. for both ships.
In the feeder segment, Borealis sold the 2003 built »Puccini« to Dubai`s Marshal Shipping. The 2,496TEU vessel was acquired for 7.1mill. $.
Demolition Sales
The recycling markets saw some signs of slowing down. The monsoon and cyclone season, but also the Ramadan celebrations which started on May 5th slowed down the pace of business activities. Nevertheless, demolition prices remained stable and oscillated between 405$ and 478$/ldt on the Indian-subcontinent. The highest price achieved the 2,526TEU ship »Elafonisos«, which was sold for 478$/ldt to India.
