non-operating container ship owners

As market overcapacity subsides, shipowners start to order newbuilds again

Container carriers and non-operating shipowners (NOOs) appear to have finally reacted to the severe capacity constraints in the global vessel fleet with a surge of new orders with shipyards.
According to new Alphaliner analysis, after a sustained period in which few new shipbuilding contracts were signed, with the industry struggling to manage structural overcapacity, “the last two quarters have seen a massive wave of fresh containership newbuilding orders, especially for ultra …

The post As...

https://theloadstar.com/as-market-overcapacity-subsides-shipowners-start-to-order-newbuilds-again/

Danaos profits and recharters on the up as liner ‘purple patch’ continues

Ocean carriers and containership owners are in the midst of the richest vein for the liner sector in over a decade. 
The shipping lines are confidently predicting record earnings for the first quarter, with the expectation that the current profitability purple patch will continue at least as far as Q2, underpinned by sky-high spot rates, and beyond that boosted by annual contract rate increases being reported of 75% over the year before. 
Meanwhile, the …

The post Danaos profits and recharters...

https://theloadstar.com/danaos-profits-and-recharters-on-the-up-as-liner-purple-patch-continues/

Liners’ deep pockets mean they can outbid charterers for ‘anything that floats’

Ocean carriers are using their skyrocketing profits to outbid non-operating shipowners (NOOs) for second-hand tonnage, and risk disrupting both the charter and feeder markets, it is claimed. 
The liners have been on a buying spree for containerships in the past few months, initially to support their networks in the absence of open charter tonnage, but latterly seeing  an opportunity for gains from the continued surge in vessel values. 
One S&P broker source …

The post Liners’ deep pockets mean...

https://theloadstar.com/liners-deep-pockets-enabling-them-to-outbid-charterers-for-anything-that-floats/

Supply chain radar: Danaos, Seaspan & Costamare – winter’s coming but a bumper harvest seen

The mania sweeping the container shipping markets is now infecting its supplier sub-sectors, and the next six months could be a real sweet spot for non-operating shipowners (NOOs) with tonnage available for hire.
Who would have thought it only 12 months ago.
Background
On a preliminary basis, it’s useful to compare two sectors sharing the common trait of playing the asset game – non-operating shipowners (NOOs) and container leasing companies.
While their key customers …

The post Supply chain...

https://theloadstar.com/supply-chain-radar-danaos-seaspan-costamare-winters-coming-but-a-bumper-harvest-seen/

Danaos a big winner as box ship charter rates hit ‘phenomenal’ levels

With freight rates soaring, ocean carriers are prepared to pay more than double previous daily hire rates for chartered ships to secure tonnage and grab market share.
According to Greek-based containership non-operating owner Danaos Corporation’s CEO, John Coustas, current market rates are “phenomenal”.
He said Danaos had recently refixed seven vessels with carriers for 12-month periods or longer at considerably higher rates than last done.
“Ships coming off charters in the range of …

The post Da...

https://theloadstar.com/danaos-a-big-winner-as-box-ship-charter-rates-hit-phenomenal-levels/

Charter market still soaring: ‘We’ll beat any rate to secure a panamax’

Containership charter rates continue to soar against a backdrop of tight supply across most sectors.
This is reflected in the latest idle tonnage report from Alphaliner showing 23 fewer ships (for 123,462 teu) in the idle fleet.
This is now down to 140 vessels, for 520,831 teu, representing just 2.2% of the global fleet.
The 23 includes 14 vessels undergoing scrubber retrofits “to fill sailing gaps in regular services or perform extra sailings” …

The post Charter market still soaring: ‘We’ll...

https://theloadstar.com/charter-market-still-soaring-well-beat-any-rate-to-secure-a-panamax/

Harsh reversal of fortune for containership owners as charter rates tumble

Ocean carrier optimism is being driven by higher freight rates and cheaper fuel – but tumbling charter hire costs are proving to be the icing on their cake.
According to a recent Alphaliner report, containership daily hire rates have slumped by up to 50% since the coronavirus pandemic wrecked global demand and led container lines to off-hire surplus tonnage and decline extension options.
“Tonnage providers are looking at a bleak near-term future, …

The post Harsh reversal of fortune for...

https://theloadstar.com/harsh-reversal-of-fortune-for-containership-owners-as-charter-rates-tumble/

Scrapyards set for new wave of box ship demolition as idle fleet grows

Demolition markets in the Indian subcontinent have now largely reopened and are preparing for a new wave of containerships for scrapping.
According to London-based shipbroker Braemar ACM, just 14 have been demolished so far this year, compared with 58 ships by the same time in 2019.
However, due to the pandemic, there have been reports of up to 20 ships having been sold for scrap in the interim and now await the …

The post Scrapyards set for new wave of box ship demolition as idle fleet grows...

https://theloadstar.com/scrapyards-set-for-new-wave-of-box-ship-demolition-as-idle-fleet-grows/

Box trade demand will finally surpass supply growth in 2020, says Danaos

Athens-based non-operating containership owner Danaos Corporation said today it expected container trade demand would surpass supply growth next year.
During its third-quarter results presentation, chief executive John Coustas was bullish on the sector’s outlook, attributing the improving prospects to a combination of low orderbooks and the indirect windfalls for shipowners from the IMO’s 0.5% sulphur cap on marine fuel that comes into effect on 1 January.
“We are aligned with the shipping …

The...

https://theloadstar.com/box-trade-demand-will-finally-surpass-supply-growth-in-2020-says-danaos/