The only reported deal for larger vessels this week was the 6,627-teu CMA CGM Berlioz (built 2001), which was taken on extension by France’s CMA CGM for four years at $38,000 per day. It is more than four times the rate of around $7,500 per day that the vessel has earned for the past 12 months.įixtures of larger vessels, meanwhile, have practically dried up due to the dearth of vessels. That is the first three-year fixture to break the $30,000 threshold for this size. The vessel is said to have been fixed for three years at $31,250 per day, said brokers. Israeli liner operator Zim has booked the 3,534-teu Bach (built 2009), which is controlled by UK-based Borealis Maritime. In the smaller sizes, new records are being broken as vessels are fixed for longer periods.
There is also market talk of a 4,300-teu vessel taken at $70,000 for a short period. The 5,060-teu Heng Hui 6 (built 2004) is said to have been fixed for 60 to 80 days at $58,000 per day to France’s CMA CGM. The speed with which the market is rising means even this level may have already been surpassed. The increase is led by the classic panamax sector, where six to 12-month charter rates for a 4,400-teu vessel stand at $50,000 per day, on a par with peak levels seen in 2005, according to assessment by shipbroker Clarksons.
#Tradewinds classic price charts series#
Rates have been pushed to their new highs by a series of impressive fixtures, with some of the biggest weekly rises taking place in the past month. “With the ongoing and drawn-out demand recovery from the pandemic being met with an ever-dwindling supply-side, rates were only ever going in one direction,” shipbroker Howe Robinson Partners said.
The record-breaking rates come as no surprise, said analysts. It beats the previous all-time peak of 2,093 set almost 16 years ago in June 2005. That takes the HRCI through the 2,000 barrier for the first time since 2005. The surging market has also lifted the Howe Robinson Containership Index (HRCI) to 2,133 points. That follows “a paradigm shift” towards fixing for longer charter periods of 24 to 36 months, which have become the “new normal” for larger ships, according to a New ConTex note. The Hamburg and Bremen Shipbrokers’ Association’s New ConTex index rose 2.3% over the week to a historical high of 1,350 points.
The goal is to buy your cargo at a low price, and to sell it at a higher price, as this would the main way you will earn your money. You purchase cargo in crates at the various ports, for variable amount of money per crate this amount changes with every voyage (1 week). Cargo is among the most important aspects of the games.
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