New Orders Container
Contracting activity in the newbuilding market for container ships remained very quiet. MSC will buy[ds_preview] five 23,000TEU ships from South Korean yard DSME for 762mill. $. The world`s second-largest carrier by capacity, exercised an option to buy the vessels as part of a previous order. The ships will be delivered from mid-2021 onwards.
Secondhand Sales Container
Activity decreased compared to the previous reporting period. In total, four vessels changed hands. In the feeder segment, the sideways moving charter market prevents some players from financing transactions. Potential sellers have to accept that prices need to be adapted if they want to sell their assets.
Demolition Sales
Since mid-September the world market price for iron ore decreased by 15% to around $80/t. There are still no signs of improvement from the Sub-Continent recycling markets. Scrap prices tended sideways or decreased. However, at the Bangladeshi market for instance, yards that previously missed to log in vessels now show higher prices. Thus, their peers have at least some tonnage on their plots. This was illustrated by the sale of the 2006 built 1,850TEU »Jacob«, which achieved $410/ldt.
Jan Göldner
