Braemar ACM Shipbroker

Neo-Panamax order surge continues into 2021

February saw 100 container ships ordered, the highest monthly demand on record according to Shipbroker Braemar ACM, mainly in the neo-Panamax range, 10-14,000TEU, with another 51 neo-Panamaxes ordered in March.

In total more than 160 ships have been ordered to date this year alone with around 65 in the larger bracket, while around 100 vessels of up to 5,100TEU have been ordered so far this year.

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https://container-news.com/neo-panamax-order-surge-continues-into-2021/

Surge in charter rates is driving SnP market

Hardening charter rates are pushing second-hand asset values upwards as carriers look to acquire suitable tonnage before the prices peak.

Some liner companies may consider second-hand vessels ahead of another price surge, though on the flip side, as asset prices are increasing, ship owners may take the opportunity to wait for prices to peak before considering selling tonnage, said shipbroker Braemar ACM.

Additionally, some carriers are looking to the second-hand market to make sure they have the...

https://container-news.com/surge-in-charter-rates-is-driving-snp-market/

Stats show need for regional fleet renewal

London-based shipbroker Braemar believes that 2021 could see a spate of ordering for vessels of around 3,500TEU as nearly 30% of these vessels in the global fleet will be over 20-years old.

According to Jonathan Roach of Braemar ACM’s research division, by January of next year the number of vessels in the regional vessel size, around the old panama sized vessels, up to 4,000TEU, totals 3,100 ships, with up to 900 reaching an age where operating companies will need to consider replacing the ships.

https://container-news.com/stats-show-need-for-regional-fleet-renewal/