New Orders Container
The situation at the newbuilding market for container vessels remains unchanged. No new orders were[ds_preview] placed during this reporting period. The increased level of uncertainty due to the novel coronavirus and the extended holidays in China derailed interest for fresh orders. The impact of the virus on ordering activity is expected to continue for the coming weeks.
Secondhand Sales Container
Activity increased, in total we recorded 15 transactions. Greece-based Chartworld Shipping bought the 2008-built Post-Panamax containership »Rotterdam« for 18,5mill. $. In the feeder segment, Tehama purchased the 2,763TEU vessel »Gisele A« from Turkey`s Arkas Group for 6,9mill. $. The vessel was built in 2004 in Poland by the Stocznia Gdynia Shipyard. Furthermore, Limarko Shipping bought the 1,118TEU »Vega Epsilon«. The 2007-built geared vessel changed hands for 3,7mill. $.
Demolition Sales
World iron price oscillates around $84/t, losing 12% since mid-January. Decreasing scrap steel prices in India and the depressive bulk freight market pushed the number of available demo candidates higher, which in turn has a negative effect on demolition prices. Prices for box carrier ranged between $360-420/ldt.
