Braemar

Falling steel prices reveal glut of demolitions to come

The declining price of steel prices are a barometer for the rise in demolitions in the container shipping sector according to Braemar, the London-based shipbroker.

Given that scrapping prices were at a high in March 2022, at US$685ldt, as vessels delivered for demolition fell to a measly four ships in the year, prices have taken a plunge as the scrappage rate has accelerated in 2023 with demolitions expected to continue to increase into 2024 and 2025.

Current prices paid by scrapyards are...

https://container-news.com/falling-steel-prices-reveal-glut-of-demolitions-to-come/

Containership charter market has gone ‘bananas’, with 2M on a ‘fixing spree’

Ocean carriers are becoming increasingly confident that freight rates will remain high for years and are still chartering ships for lengthy periods at elevated daily hire rates last seen 16 years ago.
Alphaliner reports that Maersk has just fixed a trio of 4,600 teu handy classic panamax vessels for periods of 24 to 27 months at a staggeringly high rate of $35,000 per day. The consultant noted that the last time a …

The post Containership charter market has gone ‘bananas’, with 2M on a ‘fixing...

https://theloadstar.com/containership-charter-market-has-gone-bananas-with-2m-on-a-fixing-spree/

Braemar Pays Too Much for Naves Acquisition, Cites New Chief

  • BRAEMAR is set to integrate Hamburg ship finance unit Braemar Naves into its core London-based shipbroking activities.
  • The listed company’s new chief executive said his predecessor overpaid for the acquisition in 2017.
  • Deferred consideration still owed to the previous owners has been shunted back for more than four years.

A Lloyds List news report by David Osler highlights that Braemar is overpaid for Naves acquisition, according to the new chief.

Deferred consideration

Deferred consideration...

https://mfame.guru/braemar-pays-too-much-for-naves-acquisition-cites-new-chief/

Cruise Ship Repeats Its Record By Sailing Through 24m-Wide Passage

Fred Olsen’s cruise ship Braemar is set to repeat its record-breaking journey through the Corinth Canal and the latter which is just 24m wide at its narrowest point, says an article published in Mirror.

Past Records

The company made history in 2019 when Braemar broke the world record for being the largest ship ever to travel through the 6.4km long canal in Greece back in October 2019.

At the time it was such a tight squeeze that passengers onboard could reach out and touch the sides of the canal.

Th...

https://mfame.guru/cruise-ship-repeats-its-record-by-sailing-through-24m-wide-passage/

‘Win-win’ for shipowners, with charter market rates and vessel values soaring

Containership owners have seen the value of their assets soar in the past few weeks, and they are said to be “raking in the money”.
This week, shipbroker Braemar ACM reported the sale of the 6,350 teu post-panamax APL Norway at $31.5m, a 50% increase in the ship’s value since the beginning of December.
According to vesselsvalue.com, the vessel was sold on Monday to intra-Asia carrier Regional Container Lines. It is on charter …

The post ‘Win-win’ for shipowners, with charter market rates and...

https://theloadstar.com/win-win-for-shipowners-with-charter-market-rates-and-vessel-values-soaring/

Scrapping plans abandoned as ‘aggressive’ box carriers hunt available tonnage

Containership demolition virtually dried up in December as shipowners and carriers deployed all available tonnage to meet surging demand across trades.
Huge spikes in ocean freight rates in the second half of last year and corresponding hikes in charter hire rates enabled previously uneconomic smaller containerships to become sought-after by carriers desperate to plug gaps in their networks and take advantage of the demand boom.
And with low bunker prices, fuel efficiency …

The post Scrapping...

https://theloadstar.com/scrapping-plans-abandoned-as-aggressive-box-carriers-hunt-available-tonnage/

Second-hand market stirs with a further upturn expected

The second-hand ship market continues to move apace with activity by operators in particular driving pricing, according to UK-based shipbroker Braemar.

Wan Hai Lines seems to be one of the most aggressive players in the post Panamax tonnage sector, after they set a new benchmark on baby-Panamaxes several weeks ago.

Braemar understands the Taiwanese carrier to have committed to a number of
vessels of between 6,300 – 7,000TEU at prices, unsurprisingly, significantly improved.

Braemar

A representative...

https://container-news.com/second-hand-market-stirs-with-a-further-upturn-expected/

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