Page 33: of Maritime Reporter Magazine (June 2019)

world yearbook

CONTAINERSHIPS

BY GUY COOPER, CARGO ANALYST, VESSELS VALUE this larger tonnage, peaking in April 2019 at $25,000 per

NEWBUILD

The highlight for newbuild orders in the last 12 months day, the highest it has been for nearly four years.

must certainly be HMM’s mammoth order back in Sep-

DEMOLITION tember 2018. The S. Korean company placed en bloc or-

The demolition market has looked rather promising in ders at three top S. Korean yards for almost $3B in total, the containership sector. In the last 12 months, almost a including eight 15,300 TEU ULCVs from Hyundai, seven 23,000 TEU ULCVs from Daewoo and ? ve 23,000 TEU third of containerships scrapped were owned by Germans

ULCVs from Samsung. These huge orders equate to 20 or Greeks, which comes as no surprise as Germany contin- new ULCVs at nearly 400,000 TEU total. Once live, the ues its scrapping crusade. We recently saw a nine-year-old containership scrapped, which is the youngest scrapped in 23,000 TEU vessels will take the crown for the largest con- over a year and the third youngest ever. Aeneas (5,100 tainerships on the water.

TEU, Mar 2010, Jiangnan Shanghai Changxing

Heavy Ind) was sold for scrap for $450 per

SECOND HAND

LDT in Hong Kong. The early retire-

The last 12 months of the second hand container market ment was encouraged due to have been signi? cantly less active, with only 162 transac- the vessel suffering from tions compared to 334 in the previous year for the same pe- main engine prob- riod. This is a 50% drop in activity. Sales started off strong, lems. but the drop in charter rates which began around July 2018 quickly applied the brakes to the S&P market. The uncer- tainty that continues to loom over 1,700 TEU and 3,500

TEU vessels only lasted a couple of months for the larger tonnage of 8,500 TEU. Rates bounced back and shot up for www.marinelink.com 33

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