The summer is coming to an end and traditionally this would have been the peak season for trans-Pacific services, which would have meant the start of active container ship transactions. However, there are a series of conflicting signals and different interpretations in the market, but there is a consensus that freight rates are starting to “significantly” decline and demand is softening. paper cup fan

Undoubtedly, macroeconomic and geopolitical uncertainties have exacerbated the current weakness in the container chartering market, and liner companies, as direct participants in the market, have a more personal experience. However, in the face of the current sharp decline in freight rates, softening demand and an uncertain future, major liner companies have recently been actively seeking to extend the charter of large container vessels, and to date, at least a dozen 10,000 TEU container vessels have been renewed ahead of schedule. paper cup raw material

Alphaliner said the container chartering market is slowly coming out of the doldrums of the past few weeks. Especially 9500-14000 TEU container transaction is particularly active, there are at least 19 ship transactions.

According to the statistics, the recent transactions of large vessels are mainly dominated by THE Alliance members. Hapag-Lloyd renewed the charter of five 10,100 TEU container vessels of Seaspan at daily charter rates for 78 months from 2024. Hapag-Lloyd also has six 14,000 TEU containerships on a five-year charter from SFL, starting after the expiry of the charter with current charterer Evergreen Marine in 2023 to 2024. paper cup fan raw material

Japan’s Ocean Netlink Shipping (ONE) has renewed the charter of the Seaspan Adonis (built in 2010, 9,500 TEU) for three years at a daily charter rate of US$67,500, starting next year.

Yang Ming Marine, which is part of THE alliance with Hapag-Lloyd and ONE, announced that it has exercised its option to extend the charter of five Seaspan 14,000 TEU containers for two years at a daily rate of about $28,355 to $36,695 per vessel. pe coated paper roll

Alphaliner said that medium and small container ship transactions have also regained vitality, with transactions indicating that charter rates for vessels under 5,000 TEU are beginning to fall, certainly for much shorter charter periods, with charterers now typically preferring 12-month charters. Although some owners are still occasionally able to obtain charters of 24 months or longer for certain vessels, this is usually due to other reasons such as vessel specifications or vessel location.

Recently, the 2700 TEU container vessel Posen, controlled by F. Laeisz, was chartered to Jinjiang Shipping Line for two years at a daily charter rate of US$58,500. This type of vessel is being chartered for shorter periods and charter rates have fallen by an average of 10% in the last few weeks and are continuing to decline. raw materials for paper cups

DKT Allseas recently chartered the 1,700 TEU container vessel “A Daisen” for one year at a daily charter rate of US$50,000. Due to the increase in the number of vessels of this type available for charter, daily rates for 12-month charters have also started to fall from $54,000 a month ago.

However, in the small feeder segment of less than 1,000 TEU, the Hans-Peter Wegene owned “Nova” was recently sub-chartered to ONE for six months at an impressive daily rate of $31,000. paper roll manufacturers