New Orders Container
The situation remains unchanged. No orders were placed during this reporting period.
Secondhand Sales[ds_preview] Container
The number of transactions remained on a similar level as in the last publication and most of them were feeder vessels. OEL purchased two 1,155TEU Orskov Mk VII design ships. The 2005 built »Asiatic Glory« and the 2006 built »Asiatic Jade« were acquired for a combined price of above 12mill. $. In addition, Tufton purchased the 8,204TEU vessel »MSC Paris« for 23.6mill. $ with a 5.5 years’ time charter to MSC. In addition, the company will invest 4,7mill. $ to install a scrubber.
Demolition Sales
The price for iron ore decreased sharply during August. After reaching a price of around $117/t in late July, prices started to decline. In line with these developments, scrap prices slumped and oscillate below $400/ldt. Monsoon period, summer break and Eid holidays are currently bearish circumstances for the demolition market and the offered prices from the scrapyards have diminished interest from cash buyers. However, four Evergreen containerships have been taken on an »as is« basis for September/October delivery, which suggest that this buyer is optimistic about future prices.
Jan Göldner
