New Orders Container
In August, the newbuilding market for containerships was very calm. The global orderbook stood at[ds_preview] around 2.1mill. TEU or roughly 9% of the active fleet.
Secondhand Sales
The upward trend in charter rates is also noticeable on the S&P market, where there has recently been increased activity. The sellers included First Ship Lease Trust (three ships to SPIL) and Borealis Maritime, who reportedly sold the 15 years old, German-built »Bomar Aurora« (2,700TEU) to clients of SITC for 6mill. $. Also, TS Lines acquired the 2,500TEU vessel »Port Adelaide« (blt 2007 in Japan) from Japan for 6mill. $, too.
Demolition Sales
Although the infection numbers of the corona pandemic are rising again, not least on the Indian subcontinent, the scrap markets are showing positive developments, according to brokers. Prices have recently risen in all major markets, to 360$/ldt in Pakistan, 350$ in India, 330$ in Bangladesh and 215$ in Turkey. The ships sold include two with a German past: Euroseas disposes the former CPO ship »EM Oinousses« and the ex-Transest ship »Manolis P« – built at the Warnow Werft – will be scrapped.
