New Orders
Contracting activity in the newbuilding market for container ships remained on a low level.
KMTC ordered[ds_preview] two 2,500 TEU vessels at Hyundai Mipo. The ships will be built for a price of 34,8 mill. $ per vessel. Furthermore, South Korean Dongjin ordered one 1,000 TEU vessel at Dae Sun for a price of around 19 mill. $.
In the Ultra Large Container Ship segment projects are under discussion. Hapag-Lloyd is in the early stages of a series of potentially six 23,000 TEU ships. However, it does not seem likely that any firm order will materialize in the near future.
Secondhand Sales
During this reporting period, the number of transactions decreased when compared to the last publication. Nevertheless, a few deals across almost all segments, ranging from 700 to 8,500 TEU, were executed.
In the feeder segment, values for many ship types declined. Sea Lead, for example, purchased the B170 type »Sagittarius« for a price of 3,7 mill. $.
In the larger size segment, Danaos bought the 2006 built 8,500 TEU vessel »Parisfal« for a price of 25 mill. $.
Demolition Sales
Demolition activity continued to decrease with in total four vessels sold for scrap during the second part of June and the first part of July. Recycling markets are going through the monsoon season, which is characterized by decreasing demolition activity on the Indian subcontinent.
The ratio of baby panamaxes sold for scrap was high. The rise in charter rates over the past weeks had no positive impact on asset values and couldn’t prevent the ships from being scrapped.
Jan Göldner
