Container ship charter market rates

According to the Maritime consulting cleverness firm Alphaliner, the container ship chartering marketplace never already been quieter considering that the maritime data consultancy began compiling its ship chartering report virtually a decade ago. Even though the Easter holiday breaks impact the existing listlessness of this marketplace, they ensure that a great many other facets can clarify this scenario.

Alphaliner reports that, firstly, ‘fast’ tonnage offer is still at an all-time minimum, that will be normally limiting the amount of task. 2nd, ship need is now less pressing than in previous months, with many charterers using a “wait and see” approach in reaction towards the financial and geopolitical concerns that plague the worldwide economic climate.

Part of this headwind facing shipping outlines may be the Covid lockdowns during the slot of Shanghai with ensuing disruptions to cargo activity flows. Much like the war in Ukraine featuring its numerous collateral effects on globe maritime trade.

Slow financial development in Asia and persistent inflationary pressures throughout the world which can be undermining usage tend to be similarly threats to the present worldwide trade bonanza.
However, it isn’t obvious whether or not the fall in cargo prices of many major roads is ‘only’ a seasonal trend or predicts a far more severe architectural fall in cargo need, showing a shift in consumer behavior dates back into pre-pandemic times.

Alphaliner records that it’s well worth discussing a-sharp 35% fall in cargo prices on trade roads in Asia in addition to eastern shore of south usa considering that the start of the 12 months, mainly because of an important fall in cargo amounts.

As when it comes to drawback of large fuel costs that demonstrate small indication of abating any time in the future created by continuous geopolitical tensions with Russia. Despite these threats, the containerized charter marketplace, for the present time, reveals no signs and symptoms of deterioration. Thinking about charter prices have reached record highs even though discover some relaxed floating around on vessels of some sizes, no considerable improvement in course is anticipated when it comes to near future against a backdrop of continued vessel shortages and disruption to provide Chain.

VLC (7,500-11,000 teu)

No development is reported when you look at the ‘handy’ VLCS segment (7,500-11,000 teu) within the last few fourteen days. The research point when it comes to charter price (three years) for standard 8,000 TEU devices continues to be USD 65,000 each day for the present time.

LCS (5,300-7499 teu)

Alphaliner didn’t register any brand-new add-ons when you look at the classic part ‘LCS’ (5,300-7,499 teu) within the last few fourteen days. The standard when it comes to standard tonnage of 6,500 TEUs, today returning to December (!), is $55,000 each day for durations of 60 months.

‘Wide Beam’ LCS (4,300-5,499 teu)

The “wide beam” LCS niche part (4,300-5,499 teu) is still in sought after with two vessels, 4,957 teu sis vessels JADRANA and WIKING (YZJ 5000), planned for 48-month durations to Tailwind Shipping Lines, a shipping business founded by the German grocery store giant Lidl. Nevertheless, Alphaliner had been not able to verify prices for those boats.

Classic Panamax (4,000-5,299 teu)

In the classic panamax section (4,000-5,299 teu) task dropped to zero within the last few fortnight. Benchmark prices for 4,250 teu vessels stay reduced thus far: $40,000 each day (60-month duration) and $50,000 each day (48-month duration) in particular, states Alphaliner.

Container boats (3,000-3,800 teu)

According to Alphaliner, with peaceful task when you look at the 3,000-3,800 teu part having only 1 fixed ship within the last few fourteen days. In specific, the 3,868 teu MERKUR OCEAN, a ‘wide beam’ ‘SDARI 3800’ kind device obtained by Tailwind Shipping Lines. Chartered for a time period of 48 months at an extraordinary cost maybe not revealed towards the consultant.

Otherwise, the research price for standard devices of 3,500 teu has actually thus far already been USD 61,000 each day (duration of 36 months).

Container boats (2,700-2,900 teu)

With a historical development to its optimum when you look at the part of 2,700-2,900 teu. The 2,824 teu MAERSK JAIPUR becoming chartered for a time period of 40-42 months at USD 46,000 each day, an even in accordance with past obligations for similar boats. Meanwhile, somewhat faster 36-month stints were made at $48,000 per day, Alphaliner reports.

Container boats (2,000-2,699 teu)

Alphaliner states that although charter prices have a tendency to support of many sizes, some limited increases remain seen on some kinds. Illustrating this, he mentions that the 2,546 teu INDEPENDENT SPIRIT was extended in Asia by Wan Hai Lines for a time period of three years at a rather significant price of USD 47,500 each day. This charter price exceeds the USD 45,000 usually decided because of this dimensions and amount of aggregate work.

Container boats (1,500-1,900 teu)

Alphaliner verifies just one single charter when you look at the 1,500-1,900 teu part within the last few fortnight, when compared with four per month ago. A quick settlement with all the 1,708 teu vessel JAN expanding her agreement with TS Lines for approximately 35-45 times at a minimal cost of USD 40,000 each day. Typically, the benchmark rate for standard 1,700 TEU boats was about $40,000 for a 36-month term. Today in modern-day ‘Bangkokmax’ tonnage varies from $40,000 for comparable time terms.

Container boats (1,250-1,499 teu)

Alphaliner has actually taped just one single encounter when you look at the 1,250-1,499 teu part within the last few fortnight, with US company Seaboard aquatic using the 1,296 teu WARNOW WHALE over three years at the average price of $29,000 each day. This price is within range with past similar accessories of comparable tonnage.

Container boats (1,000-1,299 teu)

Although the 1,000-1,299 teu part is nonetheless out of stock. Alphaliner features modern short-term styles in downward trending charter prices. Having said that, the valuation of this standard tonnage of 1,000 teu at around USD 40,000 each day (12 thirty days duration) is questioned thinking about the existing deterioration belief.

Container boats (1,000 teu)

Finally, Alphaliner guarantees that the tonnage below 1,000 TEUs is still set at very high numbers, with a downward trend when you look at the Atlantic, while security prevails in Asia. Likewise, vessels of 700-850 TEUs keep on being set above 20,000 USD per time both in areas for charter durations of 12 months.

Source: Alphaliner