Weekly Container Briefing April 14, 2015 Time Charter Sale and Purchase Vessel (TEU/HOM) Index +/- 700/440TEU (GL) 17.5 k 3.96 ▲ 0.12 1,043/660TEU (GL) 18 K Eco 5.37 ▲ 0.03 1,100/715TEU (G) 19 k 9.47 ▲ 0.13 1,700/1,125TEU (G) 19.5 k 10.52 ▲ 0.12 1,740/1,300TEU (G) 20.5 k 10.50 ▲ 0.12 1,714/1,250TEU (G) 19k Bkk Max 6.74 ► 0.00 2,500/1,900TEU (G) 22 k 6.49 ▲ 1.08 2,800/2,000TEU (GL) 22 k 6.50 ▲ 1.75 3,500/2,500TEU (GL) 23 k 3.07 ▲ 0.57 4,250/2,800TEU (GL) 24 k 4.90 ► 0.00 5,500/4,200TEU (GL) 25 k 3.17 ▲ 0.08 8,500/6,600 (GL) 25 k 4.06 ► 0.00 74.74 ▲ 4.00 BOXi Total As with last week, the Easter and Orthodox Easter holidays have brought about a slow-down in terms of sales activity in the container second hand sale and purchase market. The 1998 built 1,100TEU vessel the MV 'King Jacob' has been reported as sold to a liner company for a price in the high $3Mns. The charter market has continued its run this week with our BOXi increasing four, especially in the 2,500TEU and 2,800TEU markets. In newbuildings, it has been widely reported in the press that Evergreen are lining up a large order for 2,900/3,000TEU feedermax vessels. This has been reported as up to 20 units, most likely built in Japan. On the more speculative newbuilding side, with the increasing charter rates for feeder vessels, we are seeing a renewed interest in newbuilding designs. Braemar ACM’s Demometer - Container Ship Deliveries Sales Last 30 days Total Demolished 2015YTD Total in Same Period 2014 Total Demolished 2014 Total NBs Delivered 2015YTD 28,500TEU (14 Vessels) 78,000 TEU (39 Vessels) 202,500TEU (69 Vessels) 394,500 (162 Vessels) 408,500TEU (56 Vessels) Vessel Deliveries Wk15 TEU Shipyard Ow ner Deployment Comment CM A CGM Kerguelen 17,722 Samsung H.I. CMA CGM Asia-EUR-Asia 1/3 CMA CGM O3 FAL1 Service YM Wish 13,892 Hyundai H.I Seaspan Asia-EUR-Asia 1/15 Yang Ming CHKYE NE7 Service CM A CGM Tage 9,365 Dalian Shipbuilding China International Marine Asia-MED-Asia 9/10 CMA CGM O3 BEX Service NileDutch Rotterdam 3,510 Shanghai Shipyrad Nile Dutch Africa Line BV Asia-WAF-Asia 4/4 FEWA Service Total TEU 44,489 Macroeconomics Headlines The US TRADE deficit plunged in February as both imports and exports sank, driven by a since-settled trade dispute and a global economic slowdown that has cut into oil prices and caused the dollar to rise in value. The Commerce Department said Thursday that the deficit plummeted 16.9 per cent to $35.4Bn in February, down from $42.7 billion in January. FREIGHT rates on the Asia-north Europe trade have fallen for the 11th consecutive week to their lowest level since June 2009, yet more worrying is how carriers' latest attempts to push up prices seems to have fallen flat. The latest Shanghai Containerised Freight Index shows that rates on the route slipped by a further $45/TEU, or 8.8 per cent, to $466/TEU, this week, and are now some 60 per cent lower than the corresponding week of last year. (LL) CHINESE shares are on a bull run in spite of a slowing economy. The market, while bewildering some traders, stands as a natural reflection of the great expectations for the world's second largest economy, which is undergoing transformation and restructuring. Boosted by strong confidence and ample liquidity, the Shanghai Composite Index continued its winning streak and advanced to fresh seven-year highs during week 15. CHINA’s monthly trade data shows exports fell in March from a year ago by 14.6 per cent in yuan terms, compared to expectations for a rise of more than 8 per cent. Imports meanwhile fell 12.3 per cent in yuan terms compared to forecasts for a fall of more than 11 per cent. The numbers mean the country's monthly trade surplus has shrunk to its smallest in 13 months. The UK POUND has fallen to its lowest level against the dollar for nearly five years on weak UK industrial output figures and uncertainty over the outcome of the election. Earlier, the Office for National Statistics (ONS) said UK industrial output figures rose by just 0.1 per cent in February from January. The small increase was below analysts' forecasts for a 0.3 per cent gain. ASIA-EUROPE cargo volumes up 32.33 per cent with healthy growth at a global level, according to CTS. With the Chinese New Year falling a month later this year, volumes on the Asia-Europe trades jumped by nearly one-third in February, as exporters rushed to ensure cargo left China before factories closed for the holiday season. The latest figures published by Container Trades Statistics show that volumes on the key trade rose 32.33 per cent in February from 881,000TEU to 1.2Mn TEU year on year. (LL) IMPORTS at major US ports are anticipated to be up 8 per cent this month over 2014, as west coast ports continue to show signs of clearing the backlog of containers that built up before a new tentative labour agreement was signed. (LL) Indicators S ha ngha i C o nt a ine ris e d F re ight Inde x F T S E 10 0 Inde x D o w J o ne s Indus t ria l A v e ra ge Inde x B re nt C rude O il P ric e $ / bbl S inga po re B unk e r P ric e 3 8 0 $ / t o nne 792 ▲ 7,064 ▲ 18,088 ▲ 58.44 ▲ 322.5▲ Braemar ACM Shipbroking - London - Singapore - Shanghai Email: teu.snp@braemar.com London Office: Tel: + (0) 203 142 4250 Singapore Office: Tel: + 65 65 169588 Every effort as been made to ensure the information contained within this report is accurate, Braemar ACM Shipbroking cannot accept responsibility for error, omission or consequence therefrom