Feeders between 900-1,299 saw increasing activity and slightly AKERDIJK - FLAG LIB - BLT 2011 – 20,200 DWT
1,436 TEU - 1054/HOM - 431 PLUGS CELLULAR - GEARLESS - 19.0/49.5
improved rates. Evergreen paid USD 9,800 daily for 5 months
20DAYS - NEA - KMTC – 6,600 USD/DAY
European trade on a 1,221 TEU ice classed vessel or about 15%
more compared to her last fixture in March. A standard cv 1100 ALEXANDER B - FLAG ABB - BLT 2006 – 18,530 DWT
managed to improve levels to USD 5,900 daily for 8 months 1,221 TEU - 930/HOM - 305 PLUGS CELLULAR - GEARLESS - 19.3/43.0
trading in the Mediterranean and STX were in Asia linked to the 5MNTHS - EUROPEAN - EVERGREEN – 9,900 USD/DAY
1054 TEU Mare Doricum for 6 months trading at USD 5,000
daily. STADT BREMERHAVEN - FLAG MAI - BLT 2006 – 13,710 DWT
1,118 TEU - 713/HOM - 233 PLUGS CELLULAR - GEARED - 19.3/38.0
8MNTHS - MED - CMA CGM – 5,900 USD/DAY
Below 900 TEU activity was slightly up compared to last week
especially in the Atlantic with improved volumes being handled in
northern Europe. Continued on page 3.
Maersk Broker Time Charter Rate Index, Week 22 Average Container T/C Rates
1.800
1.400
Jan-97
Jan-98
Jan-99
Jan-00
Jan-01
Jan-02
Jan-03
Jan-04
Jan-05
Jan-06
Jan-07
Jan-08
Jan-09
Jan-10
Jan-11
Jan-12
June:* 444
May: 421
(*4 weeks Moving Average –The index is calculated on June 1st)
25 May – 1 June, 2012
Estimated Second Hand Prices - 10 yrs old (USD Million) Estimated Newbuilding Prices (USD Million)
1,100 1,700 2,700 4,500 1,800 2,800 4,800 6,600 9,200 13,000
6-7 12-13 20-21 29-30 27-29* 36-38* 47-50* 60-63* 89-91* 115-120*
Price Development Since Last Week 23-25** 34-36** 44-46** 59-61** 86-88** n.a.
Price Development Since Last Week
Source: Maersk Broker
* * * * * *
** ** ** ** ** n.a.
Source: Maersk Broker
*based on Korean built vessel for 2014 delivery
**based on Chinese built vessel for 2014 delivery
China: China’s factory output weakened as the manufacturing sector slowed in May. The purchasing managers index (PMI) grew at the weakest
pace in six months, decreasing to 50.4 in May from 53.3 in April. It’s the weakest reading since December, though the index usually has a
seasonal decline in May. A reading above 50 indicates an expansion.
Japan and China begin direct currency trading this week, in the first move by the Chinese central bank to allow another major currency to be
traded directly against the Yuan. Trading will begin on China’s interbank foreign exchange market 1 June, in a move to internationalise the Yuan.
Previously, the USD has been used as intermediate currency
Europe: The Euro-area unemployment rate reached a record-high level of 11% in April and March. Spain had the highest jobless rate, of 24.3% in
April, up from 24.1% in March. Germany’s unemployment rate was 5.4%, down from 5.5% in March. Meanwhile, Euro-area economic confidence
fell in May to the lowest level in 2.5 years, as an index of executive and consumer sentiment fell to 90.6 from 92.9 in April. On the production
side, the purchasing managers index (PMI) fell for the Euro-zone to a three year low 45.1 in May. A reading below 50 signals contraction.
The Euro-area inflation rate fell more than forecast in May, to the slowest pace since February 2011. In the 17-nation area it fell to 2.4%, down
from 2.6% in April. Core inflation rate, which excludes volatile costs such as energy, stood at 1.6% in April.
Korea: South Korea’s current account surplus fell in April to a surplus of USD 1.8 bill, compared to a revised USD 2.97 bill. surplus in March. For
May, South Korea reported a trade surplus of USD 2.4 bill. Overseas sales fell 0.4% in May year-on-year, after a 4.8% decline in April, the fourth
monthly decline this year. Exports were USD 47.2 bill. in May, declining 0.4% year-on-year, while imports slowed 1.2% year-on-year to USD 44.8
bill. In the first 20 days of May, shipments to South Korea’s top export market China fell 10.4% year-on-year and shipments to European Union
declined 16.4% year-on-year.
India: India’s exports rose in April, increasing 3.2% year-on-year to USD 24.5 bill while imports grew 3.8% year-on-year to USD 37.9 bill. That left
the trade deficit standing at USD 13.5 bill. in April.
India’s GDP growth fell in the first quarter this year, led by a poor manufacturing sector. GDP growth was 5.3% in January-March this year,
compared to 9.2% growth in the same period last year. Growth last quarter, in October-December 2011, was 6.1%. Infrastructure output grew
2.2% in April compared to a year earlier.
25 May – 1 June, 2012
From Page 1
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