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23 September 2023 - Year XXVII
Independent journal on economy and transport policy
03:21 GMT+2
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CENTRO INTERNAZIONALE STUDI CONTAINERSANNO XXXVIII - Numero LUGLIO 2020

MARITIME TRANSPORT

CONTAINERSHIP DEMOLITION INCREASING, BUT SCRAP PRICES HAVE FALLEN 25% THIS YEAR

With the containership charter market in the doldrums, demolition sales have picked up, with reports of a number of vessel sales.

Among them is the 1998-built 9,600 teu Sine Maersk (pictured above), which has been sold to Turkish breakers and will become the largest containership ever sent for recycling.

According to vesselsvalue.com, the post-panamax ship has been at anchor off Aliaga, Turkey, since 29 June and is due to be handed over to buyers today for an undisclosed price.

The online service lists the vessel as having a current scrap value of $11.7m, from a 2006 peak of some $150m.

However, Alphaliner notes that Maersk is likely to receive about $100/Ldt less scrapping the ship at a Turkish yard than the carrier could have obtained in the Indian subcontinent.

Maersk ballasted the ship from Oman to Turkey via the Suez Canal to honour its commitment to sustainable vessel recycling, in accordance with the Basel Convention and EU Ship Recycling Regulation.

The Sine Maersk was built at the group's Odense shipyard in Denmark and was subsequently lengthened, including raising its deck house bridge, in 2011 to boost its container intake by 2,200 teu.

The consultant noted that two Costamare-owned sister ships, the 7,403 teu ex Katrine Maersk and Kirsten Maersk, had recently arrived in India for breaking.

According to the most recent data from Alphaliner, as at 22 June, there were 66 containerships of 7,500 teu to 12,500 teu in lay-up, along with 49 of more than 12,500 teu.

A broker source told The Loadstar that, given the expected on-going weak demand and the depressed charter market, a number of 10,000 teu ships would be candidates for scrapping.

"I think carriers will be looking to improve their balance sheets with some demo sales, and the non-operating owners will just want to get the best deal possible, wash their face and walk away," he said.

According to London broker Braemar ACM, over the past 30 days there have been 18 container vessels, with a capacity of 58,500 teu, sold for demolition, while the total demolished so far this year has reached 38 vessels for 90,000 teu.

This is somewhat below the 74 ships, for 145,500 teu, scrapped during the same period of 2019, but the low number reflects the demo market being stymied for three months due to the pandemic.

However, with the recent acceleration in scrapping enquiries, the amount of container tonnage recycled this year is likely to exceed last year's total of 100 ships for 195,500 teu.

But sellers will need to adjust their price expectations to conclude deals. For example, recent demolition sales by carriers Evergreen and Yang Ming have only achieved around $280/Ldt, more than 25% below the market level at the beginning of the year.

theloadstar.com



Turkish shipyard Med Marine delivers a new tugboat to the Vernicos Scafi
Istanbul
It is the first means of new construction of the fleet of the Greek-Italian joint venture
Kenya Ports Authority privatizes benches at ports of Lamu and Mombasa
Mombasa
Launched an international competition that also includes a special economic zone
Last month, freight traffic in the port of Taranto increased by 6.9% percent.
Taranto
In the first eight months of 2023, a decline of -4.0%
New paints to contain the propagation of fires on ships and construction sites
Palermo
Messina Group has taken delivery of its second full container ship
Genoa
Has a transport capacity of 4,600 teu
Approda in Genoa the first container ship of the FIM service of HMM
Genoa
Scalo to container terminal of PSA Italy
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
First meeting of the technical table on security of work in the port
Rome
Among the proposals, insert some port job profiles between the "usurante/gravest" job categories
Hapag-Lloyd will equip all of its internet connection ships through the Starlink satellite network
Hamburg
Success of tests started in May
In the June-August period, FedEx Group revenues fell by -6.7% percent.
Memphis
Net profit marked a growth of 23.2%
Cooperation of ICHCA and PEMA to improve the safety of handling goods
London
Spearport, necessary to minimize red tape in ports
Genoa
Botta : paper documents are an absurdity in the age of digitalization
Germany's Rhenus acquires the two terminals of the Rietlanden Terminals in the port of Amsterdam
Germany's Rhenus acquires the two terminals of the Rietlanden Terminals in the port of Amsterdam
Singapore / Holzwickede
Dutch company will be ceded in two stages by Singaporean JERA Global Markets
In August the port of Algeciras handled 424mila containers (+ 1.5%)
Algeciras
In the first eight months of 2023, the total was 3.16 million teu (-0.4%)
Conference on the Promotion of Health in the Port Workers of the Straits
Messina
It will be held on October 2 in Messina
Ukrzaliznytsia-RCG Agreement for the development of intermodal transport between Ukraine and Austria
Kiev
In short, the testing of the transport of semi-trailers on the Kiev-Budapest line will begin.
In the first half of 2023 the revenues of the Chinese terminalist group CMPort decreased by -10.8%
Hong Kong
Container traffic grew by 0.3%
Union Pilots has strongly criticized the procedure for renewing the piloting tariffs
Taranto
Bellomo : well the updating of the fares of local practical
At the MITO terminal of the port of Cagliari the first container ship coming out of a Ukrainian port
Genoa
Landed 2,114 containers
The Cool Logistics Global event will be held for the first time in Italy
Genoa
The event is scheduled from 10 to October 12 next in Genoa
In the first quarter of this year, the traffic of goods in Greek ports has returned to growth
Athens
However, the total was lower than pre-pandemic levels.
Last month, shipping containers handled by the port of Valencia fell by -11.7% percent.
Valencia
In the first eight months of this year, the decline was -10.6% percent.
In August, container traffic in Hong Kong port fell by -9.4% percent.
Hong Kong
Decline of -15.1% in the first eight months of 2023
Last month, container traffic in the port of Los Angeles returned to growth.
Los Angeles
In the first eight months of 2023, a decline of -21.0% percent was marked
PORTS
Italian Ports:
Ancona Genoa Ravenna
Augusta Gioia Tauro Salerno
Bari La Spezia Savona
Brindisi Leghorn Taranto
Cagliari Naples Trapani
Carrara Palermo Trieste
Civitavecchia Piombino Venice
Italian Interports: list World Ports: map
DATABASE
ShipownersShipbuilding and Shiprepairing Yards
ForwardersShip Suppliers
Shipping AgentsTruckers
MEETINGS
Conference on the Promotion of Health in the Port Workers of the Straits
Messina
It will be held on October 2 in Messina
The Cool Logistics Global event will be held for the first time in Italy
Genoa
The event is scheduled from 10 to October 12 next in Genoa
››› Meetings File
PRESS REVIEW
España demanda una revisión instantánea de los puertos vecinos de transbordo
(El Mercantil)
Shipping minister resigns in aftermath of ferry passenger's death
(Kathimerini)
››› Press Review File
FORUM of Shipping
and Logistics
Relazione del presidente Daniele Rossi
Napoli, 30 settembre 2020
››› File
Last month freight traffic in the port of Singapore grew by 1.7% percent
Singapore
The containers were over 3.3 million (+ 2.0%)
On October 2 in Lugano, the sixth edition of "A Sea of Switzerland" will be held in Lugano.
Lugano
The conference will be articulated in three sessions
In August, freight traffic in Russian ports grew by 5% percent
St. Petersburg
Increase in dry goods. Decline of liquid bulk bulk
New agency of Negro families, Clavarino and Schenone to provide services to the construction of the new Genoa Dam
In August, container traffic in the port of Long Beach decreased by -15.4%
Long Beach
In the first eight months of 2023, the decline was -24.4%
New freight train service Verona-Wuppertal of Rail Cargo Group
Vienna
Made three weekly rotations
Cargill yields 25% percent of the KSK grain terminal of the port of Novorossiysk
Vladivostok
The share will be acquired by Russia's Delo
Stranded a drug trade in the port of Salerno
Naples
Detected 104 pans of cocaine and the deposit to which they were intended
Ferrante (MIT) : amendments to the European Directive 2023/959 to avoid distortions that penalise Italian transhipment ports
Rome
It would allow Gioia Tauro to be placed on the same list in which ports such as Tangeri Med and Port Said are included.
MOL Chemical Tankers will buy the Fairfield Chemichal Carries
Singapore / New York
The Singaporean company's fleet will rise to 121 chimichiere vessels
In the second quarter, freight traffic in Tunisian ports grew by 13.0% percent.
The Goulette
Loads at landing and boarding increasing by 14.3% and 11.0%, respectively
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