In accordance with Alphaliner, the container constitution market has slowed over the previous two weeks as a result of conventional summer season lull within the Northern Hemisphere, with many decision-makers on vacation. The variety of fixtures has decreased, however constitution charges stay steady or barely rising for some ship courses resulting from a brief provide of immediate tonnage, particularly bigger vessels.
Regardless of some offers not materializing and a pattern in direction of fixing vessels for 2025 at discounted charges, the market stays cautious amid weakening spot cargo charges, with the SCFI falling for the second consecutive week. The inflow of newbuilding capacities is steadily eroding market fundamentals, and a possible discount in cargo demand might take a look at the market’s resilience.
Alphaliner highlights
Within the VLCS section (7,500-13,000 TEU), just one fixture was recorded: CMA CGM chartered the 8,030 TEU MELBOURNE BRIDGE for as much as three months at $100,000 per day. No new fixtures have been reported within the LCS section (5,300-7,499 TEU) for the second consecutive fortnight.
The traditional Panamax section (4,000-5,299 TEU) noticed restricted exercise, with one deal: Matson prolonged the 4,872 TEU MATSON WAIKIKI for 36 months beginning October 2025 at $26,500 per day. The three,000-3,800 TEU section stays busy, with Greek proprietor Danaos extending three vessels with COSCO SHIPPING Strains for twenty-four months beginning Q1 2025 at $29,000 per day.
The two,700-2,900 TEU section continues to carry out nicely, with TB BRIGHT CITY mounted for 22-24 months at $30,000 per day. Charges for two,000-2,500 TEU vessels proceed to rise, with OOCL extending SPIL NIRMALA for twenty-four months at $26,000 per day.
Within the 1,500-1,900 TEU section, shorter charters are commanding larger charges, with three ships mounted in Asia and West of Suez for 3-6 months at round $34,000-$35,000 per day. Constitution charges within the 1,250-1,499 TEU section have risen sharply, with the 1,436 TEU ‘Sainty 1400’ sort mounted at $18,000 per day for 12 months.
Constitution charges within the 1,000-1,249 TEU section additionally proceed to rise, averaging $14,500 per day for a 1,100 TEU unit. Sub-1,000 TEU sizes thrive, with Seaboard Marine fixing the 997 TEU CONTSHIP GEM at $16,000 per day for 12-14 months within the Caribbean, and Centrans extending a 698 TEU vessel for 4-5 months at $10,000 in Asia.
Supply: Alphaliner
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