In which sector does the Tsakou Group close new deals?

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Of George Georgiou

This week’s deal in the container transport market was reportedly closed by Tsakos Shipping & Trading, interests of the Tsakos family, according to the brokerage firm Braemar.

In particular, the weekly report of the shipping agency states that Tsakos sold the “Irenes Wave” (capacity 6,029 TEUs and built in 2008) and at the same time closed a charter for “Irenes Rose” (capacity 2,553 TEUs and built in 2007), without disclosing the amount of agreements. According to Braemar, the buyer and charterer is always the French regular company, CMA CGM.

At his request Capital.gr, VesselsValue estimates the value of “Irenes Wave” at $ 76.19 million. It is noted that this steamer will be chartered in the second quarter of 2022.

Shipping seems to take advantage of the “launch” of values ​​in the containerships industry and sells assets at “salty” prices. In mid-October, freight brokers reported that “Irenes Respect” (capacity 2,824 TEUs and built in 2006) was sold for $ 43 million and “Sphene” (capacity 3,390 TEUs and built in 2007) was sold for $ 37 million in early summer.

At the same time, in the field of charters, the agreement for “Irenes Rose” – if confirmed – will be the second for a fleet ship in a few days. Ship brokers note that the “Irenes Rainbow” (capacity 2,824 TEUs and built in 2006) was recently chartered for 6-8 months, starting in December.

The Capital.gr requested a comment from Tsakos to confirm the transactions, but has not yet received a response.

Based on the information provided on its website, the shipping company manages 98 ships (tankers, LNG carriers, bulk carriers and containerships).

The freight market

In the area of ​​the containerships freight market, the mild downturn recorded in recent weeks seems to have stopped.

“I’m not sure we’re on a downward trajectory yet. In fact, we’re even likely to see increases until Chinese New Year (February 2022),” Lars Jensen, CEO of Danish consulting firm Vespucci Maritime, told Capital.gr.

Indicative is, according to Mr. Jensen, that the Shanghai Export Containerized Freight Index (SCFI), which monitors the spot market, reached a new all-time high last Friday.

Mr. Jensen focuses on congestion problems found in many ports worldwide, and estimates that pandemic mutations will not have a direct impact on the market.

In time charters, VHBS (Hamburg and Bremen Shipbrokers’ Association) data show that daily fares in one-year containerships, with a capacity of 4,250 TEUs, increased to $ 85,360 on December 3, compared to $ 85,265 on December 26. It is noted that the amount of $ 85,360 per day is increased by 267.7% compared to last year.

Read also:

– New deals on containerships by Thanasis Martino, Tsakos Group and Giannis Koustas

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Source From: Capital

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