HANSA 07-2022

Orders & Sales – Container Ships
New Orders – Various newbuilding orders have become known in recent weeks.
For example, shipowner Navios from Angeliki Frangou has ordered (2+2)
7,700 TEU vessels in Korea – the first in the history of the company with LNG
dual-fuel propulsion. Hapag-Lloyd‘s alliance partner ONE ordered ten 13,700 TEU
vessels in Japan and South Korea, also for delivery from 2025 on. MSC is the charterer
of 4 x 23,000 TEU ordered by financial houses, according to broker reports.
Meanwhile, rival CMA CGM is breaking new ground (as Maersk did previously),
ordering six 15,000 TEU freighters with methanol dual-fuel propulsion. All in all
16 newbuildings were contracted by the French, including 23,000 TEU and
7,900 TEU units.
Secondhand Sales – There is still a continuous movement on the second-hand
market despite the high price level. In addition to the usual candidates, the reefer
carrier Seatrade recently attracted attention when it took over four 1,800 TEU
ships as part of a resale. Delivery is planned from 2023. MSC is taking delivery of
nine more Postpanamax freighters for a total of around $0.5 billion.
Demolition Sales – Still no demo news
Given the worsening demand
fundamen tals, fleet utilisation and high
freight rates are likely depending more
than ever on inefficiencies and productivity
issues – some of them due to the
pandemic (port congestion), some due to
stricter environmental regulation. Brokers
on the chartering side expect a notable increase
in tonnage demand due to speed reductions
forced by EEXI / C II regulation,
as highlighted in our VIEWPOINT co -
lumn. Also, sentiment among liner ope -
rators has not been shaken so far, not even
among the new »unconventional« players
who rely on smaller, less cost-efficient
vessels. Freight forwarder Allseas has just
spun off its own shipping line with six chartered
vessels. In Germany, newcomer Tailwind
Shipping Lines/Lidl is rumoured to
be making ma ssive strides in setting up its
own operation in the Asia/Europe trades
and perhaps elsewhere, too.
Container ship t / c market
4000
3500
3000
2500
26.01.22
MÄRKTE | MARKETS
COMPASS
ConTex
24.06.22
Month on Month 3,300 +5.7 %
Container freight market
WCI Shanghai-Rotterdam
WCI Shanghai-Los Angeles
Dry cargo / Bulk
Baltic Dry Index
Time charter averages / spot: $ /d
Capesize 5TC average
Panamax 5TC average (82k)
Supramax 10TC average (58k)
Handysize 7TC average (38k)
9,598 $ /FEU
7,952 $ /FEU
Forward / ffa front month (July 22): $ /d
Capesize 180k
Panamax 82k
MPP
2,354
20,061
24,592
27,123
24,096
23,800
23,390
TMI – Toepfer's
Multipurpose Index
- 2.0 %
- 8.6 %
–24.7 %
–39.3 %
–15.1 %
–13.0 %
–19.1 %
–34.1 %
–18.7 %
June '22
22,760 $
is likely to prevail for some more time,
especially considering the fact that
much of the present charter fleet is
committed while shipping lines are running
very profitable services.
There is hardly any reason why the
container chartering market should
change considerably during the next
months. Demand remains decent
while some of those lines, that had
been reluctant to charter, are active in
purchasing vessels instead. As a result,
charter tonnage availability is further
diminished.
How many box ships are left to fix this
year? How acute is the lack of tonnage?
Kolb: Looking at present numbers it is
obvious that container ship supply will
remain very limited during the next 6
months. Our total count of available
vessels six months ahead is down
about 67 % compared to the same
time last year. Especially ships of
2,000 TEU and bigger will remain
hard to get by.
Newcomers/niche carriers have gained
a greater market share. Will they remain
part of the game or fade away if
things »normalise«?
Kolb: The newly established container
shipping lines are keeping the market
active. Seeing how they charter in tonnage
for longer periods and how they
add employees and office space, many
of them expect to remain in the game
for a long time to come. For shipowners,
shippers and other stakeholders in the
liner shipping market this is a very positive
development after many years of
consolidation and a consequential reduction
in the number of carriers.
Interview: Michael Hollmann
Tankers
Baltic Dirty Tanker Index
Baltic Clean Tanker Index
Shortsea / Coaster
Norbroker 3,500 dwt earnings est. €
HC Shortsea Index
BMTI/EUSSIX Inter-Black Sea ($/t)
Bunkers
June '21
10,285 $
12,500 tdw MPP/HL »F-Type« vessel for a 6–12 months TC
VLSFO 0.5 Rotterdam $ /t
MGO Rotterdam $ /t
Forward / Swap price Q3/22
VLSFO 0.5 Rotterdam $ /t
1,214
1,732
4,200
33.86
54.25
865
1,315
772
+ 8.5 %
+ 16.2 %
- 10.6 %
- 0.5 %
- 20.1 %
Norbroker: spot t/c equivalent assessment basis round voyage
North Sea/Baltic; HC Shipping & Chartering index tracking spot
freights on 5 intra-European routes;
BMTI/EUSSIX: 3,000 t Odessa to Sea of Marmara
+4.0 %
+18.7 %
+5.0 %
Data per 23.06.2022, month-on-month
HANSA – International Maritime Journal 07 | 2022
11