MARKET REPORT – WEEK 18

NILIMAR Ships Sale & Purchase
MARKET REPORT –
WEEK 18
BASED ON SALES AND PURCHASES OF VESSELS WEEK ENDED FRIDAY 2ND MAY 2014.
Capes managed to save the game during week 18, since Labour Day signaled a reversal of their
losing streak, ending the week in a higher note and offering a shy relief to Shipowners, having
witnessed depressed market conditions during April. Smaller sizes remained mostly flat, with handies
encountering the largest drop.
NYK offered a bright spot last week, predicting better times for dry bulk market during H2, with capes
climbing to 23kpd, whilst panamaxes, supramaxes and handies expected to average 12.5/12/9.5k pd,
respectively - not exciting figures one would say but definitely better than the current lows.
Further to our last week's note, S&P market witnessed some early signs of price readjustments; a 2002-japanese built handy which invited inspections in London, attracted only 2 parties
on board and is now rumored sold just in excess of USD 11 million, at considerably lower levels that
latest similar deals; would be fun to watch if this early trend will insist.
On the newbuilding front, it seems we are now heading for a slowdown in new orders after more than
15 months of consecutive growth; interesting to note that big Korean yards, have all posted heavy
losses during Q1.
The recycling market keeps offering an attractive option for Owners against lackluster freight
rates and increasing maintenance fees, especially for vintage tonnage. Not to mention that new fleet
growth is being kept at very low levels (less than 4pct this year in average).
THE ABOVE INFORMATION IS GIVEN IN GOOD FAITH BUT WITHOUT GUARANTEE AS TO ACCURACY OF SAYING.
6 A.PAPANDREOU STR., GLYFADA, ATHENS – GREECE
TEL : +30 – 210 - 89 85 813, FAX: +30 – 210 – 89 85 138 e-mail : [email protected]
Website: www.nilimar.com
1
NILIMAR Ships Sale & Purchase
TANKERS
VESSEL’S NAME
DWT
YEAR
BUILT
YOUNARA GLORY
320,051
11/2004
YARD
DH
PRICE
USD $
BUYERS
DAEWOO, KOREA
DH
47.00M
GREEK
DH
89.00M
FRENCH (TOTAL)
DH
89.00M
HYUNDAI HEAVY,
KOREA
HYUNDAI HEAVY,
KOREA
ANTARCTICA
318,000
01/2009
OLYMPIA
315,981
11/2008
ASTRO SIRIUS
98,805
05/1996
DAEWOO, KOREA
DH
10.00M
MIDDLE EASTERN
JAG PADMA
47,172
10/1996
ONOMICHI, JAPAN
DH
9.10M
UNDISCLOSED
ATLANTIC
LOMBARDIA
35,841
05/2000
DAEDONG, KOREA
DH
9.00M
GREEK
CAPE BEAR
33,540
11/1997
ADMIRALTEYSKIY,
RUSSIA
DH
7.00M
UNDISCLOSED
COMMENTS
ENBLOC
INCL LONG
SUBJS
GAS
VESSEL’S NAME
DWT
YEAR
BUILT
YARD
CBM
PRICE
USD $
BUYERS
COMMENTS
- NO SALES REPORTED THIS WEEK -
BALTIC TANKER INDICES
2014
BDTI13
BCTI13
BDTI14
BCTI14
1600
1400
1200
1000
800
600
400
Week
THE ABOVE INFORMATION IS GIVEN IN GOOD FAITH BUT WITHOUT GUARANTEE AS TO ACCURACY OF SAYING.
6 A.PAPANDREOU STR., GLYFADA, ATHENS – GREECE
TEL : +30 – 210 - 89 85 813, FAX: +30 – 210 – 89 85 138 e-mail : [email protected]
Website: www.nilimar.com
2
NILIMAR Ships Sale & Purchase
BULKERS
VESSEL’S NAME
DWT
YEAR
BUILT
C WHALE
319,869
06/2010
COYOTE
72,338
02/1994
RZS JOY
69,057
02/1995
GRETA
53,621
04/2007
IOANNIS K
51,557
01/2002
LALIS
CHRYSSA K
NIKAIA
51,536
51,535
51,514
01/2002
03/2002
01/2002
NANTICOKE BELLE
28,835
04/1989
MOON RIVER
28,494
01/2002
GEAR
PRICE
USD $
BUYERS
COMMENTS
CR 6X30T
58.20M
UNDISCLOSED
VLOO
COURT SALE
GLESS
6.90M
CHINESE
GLESS
7.90M
UNDISCLOSED
CR 4X36T
15.20M
UNDISCLOSED
STX, KOREA
CR 4X30T
18.50M
US BASED FUND
(VALHALLA)
STX, KOREA
STX, KOREA
STX, KOREA
SHIN
KURUSHIMA,
JAPAN
KANDA, JAPAN
CR 4X30T
CR 4X30T
CR 4X25T
18.50M
18.50M
18.50M
CR 4X30T
3.70M
UNDISCLOSED
CR 4X30T
11.10M
GREEK
YARD
HYUNDAI HEAVY,
KOREA
HYUNDAI HEAVY,
KOREA
IMABARI, JAPAN
YANGZHOU,
CHINA
ENBLOC
SUBJ IPO
SS&DD DUE
BALTIC DRY INDICES 2014
BDI 13
BDI 14
4500
BCI 13
BCI 14
BPI 13
BPI 14
BSI 13
BSI 14
BHSI 13
BHSI 14
4000
3500
3000
2500
2000
1500
1000
500
0
Week
VESSEL’S
NAME
INDICATIVE REPORTED FIXTURES
YEAR
CHARTERERS
DWT
RATE
BUILT
TRINITY STAR
2011
180,643
25,250$/DAY
ANDROS
2010
82,158
13,000$/DAY
VISHVA JYOTI
2012
81,895
11,000$/DAY
AEOLIAN VISION
2011
80,650
13,000$/DAY
NAVIOS STAR
2002
76,662
GENERAL GUISAN
1999
73,035
10,900$/DAY
7,150$/DAY
10,500$/DAY
BALTIC DRY
INDICES
PREVIOUS
WEEK
DURATION
SW ISSMARINE
GMI
SIVA BULK
GMI
CNR
5 YEARS
11/15 MONTHS
3/5 MONTHS
11/15 MONTHS
4/6 MONTHS
MIN 110DAYS
MAX 6 MOS
OLDENDORFF
CURRENT WEEK
+/-
▲
1696
1829
133
BCI
▲
864
865
1
BPI
▲
912
915
3
BSI
▲
510
-7
BHSI
THE
ABOVE INFORMATION IS517
GIVEN IN GOOD FAITH BUT WITHOUT
GUARANTEE AS TO ACCURACY
OF SAYING. ▼
BDI
967
1017
50
6 A.PAPANDREOU STR., GLYFADA, ATHENS – GREECE
TEL : +30 – 210 - 89 85 813, FAX: +30 – 210 – 89 85 138 e-mail : [email protected]
Website: www.nilimar.com
3
NILIMAR Ships Sale & Purchase
TWEEN / MPP / GENERAL CARGO
VESSEL’S NAME
DWT
YEAR
BUILT
YARD
PRICE
USD $
GEAR
BUYERS
COMMENTS
- NO SALES REPORTED THIS WEEK -
CONTAINER
VESSEL’S
NAME
DWT
YEAR
BUILT
YARD
GEAR
TEU
PRICE
USD $
BUYERS
HULL 649
56,300
02/2014
ZHEJIANG
OUHUA, CHINA
GLESS
4,834
40.10M
GERMAN
CONTI BILBAO
34,083
11/1997
DAEWOO
HEAVY, KOREA
CR 3X40T
2,468
5.75M
NORWEGIAN
(PLATOU
FINANS)
WITH BB
CHARTER
NEPTUN
29,233
12/1998
CR 3X45T
1,835
5.00M
GREEK
ENBLOC
CAP VAN
DIEMEN
29,210
02/1999
CR 3X45T
1,835
5.00M
ACX
MARGUERITE
24,386
10/1997
CR 3X40T
1,613
5.00M
TAIWANESE
ENBLOC
IMARI
24,376
05/1997
CR 3X40T
1,613
5.00M
PAC NATUNA
11,593
12/1997
TACHIBANA,
JAPAN
CR 2X36T
752
6.20M
INDONESIAN
(PT SALAM
PACIFIC)
ENBLOC
NEW
BLESSING
10,548
01/1998
JURONG,
SINGAPORE
CR 2X40T
706
DWT
YEAR
BUILT
GDYNIA,
POLAND
GDYNIA,
POLAND
SHIN
KURUSHIMA,
JAPAN
SHIN
KURUSHIMA,
JAPAN
COMMENTS
REEF
VESSEL’S
NAME
YARD
REEF.
CAP/TY
GEAR
PRICE
USD $
BUYERS
COMMENTS
- NO SALES REPORTED THIS WEEK -
PCC/ RORO / PASS
VESSEL’S NAME
DWT
YEAR
BUILT
YARD
CARS
/LM
PAX
PRICE
USD $
BUYERS
COMMENTS
- NO SALES REPORTED THIS WEEK -
THE ABOVE INFORMATION IS GIVEN IN GOOD FAITH BUT WITHOUT GUARANTEE AS TO ACCURACY OF SAYING.
6 A.PAPANDREOU STR., GLYFADA, ATHENS – GREECE
TEL : +30 – 210 - 89 85 813, FAX: +30 – 210 – 89 85 138 e-mail : [email protected]
Website: www.nilimar.com
4
NILIMAR Ships Sale & Purchase
DEMOLITION INDIA
TYPE
VESSEL’S NAME
DWT
YEAR
BUILT
LDT
PRICE
USD/LT
BULK
CAPE WARRIOR
151,688
1995
18,885
467
BULK
BULK
BULK
REEF
YU JIE
ERK
ARIADNE
SMOLENSK
72,578
30,898
28,791
7,496
1987
1984
1984
1986
10,876
7,323
7,198
6,493
502
490
492
505
COMMENTS
AS IS HONG KONG INCL BUNKERS TO
INDIA
INCL 400T ROB
DEMOLITION PAKISTAN
TYPE
VESSEL’S NAME
DWT
YEAR BUILT
LDT
TANK
TANK
HEBEI MOUNTAIN
SHINYO SPLENDOR
307,050
306,474
1995
1993
41,660
41,948
PRICE
USD/LT
490
485
COMMENTS
TO PAKISTAN OR BANGLADESH
DEMOLITION BANGLADESH
TYPE
BULK
VESSEL’S NAME
TUO FU 3
DWT
YEAR BUILT
63,920
1993
LDT
15,887
PRICE
USD/LT
COMMENTS
490
CONVERTED FM TANKER
INCL 750T ROB
DEMOLITION CHINA
TYPE
VESSEL’S NAME
DWT
YEAR BUILT
LDT
PRICE
USD/LT
COMMENTS
- NO SALES REPORTED THIS WEEK -
DEMOLITION TURKEY
TYPE
VESSEL’S NAME
DWT
YEAR BUILT
LDT
PRICE
USD/LT
COMMENTS
- NO SALES REPORTED THIS WEEK -
DEMOLITION MISC
TYPE
TANK
VESSEL’S NAME
EAGLE SUBARU
DWT
95,675
YEAR BUILT
1994
LDT
15,886
PRICE
USD/LT
COMMENTS
475
SINGAPORE - FINAL DESTINATION
UNKNOWN
THE ABOVE INFORMATION IS GIVEN IN GOOD FAITH BUT WITHOUT GUARANTEE AS TO ACCURACY OF SAYING.
6 A.PAPANDREOU STR., GLYFADA, ATHENS – GREECE
TEL : +30 – 210 - 89 85 813, FAX: +30 – 210 – 89 85 138 e-mail : [email protected]
Website: www.nilimar.com
5
NILIMAR Ships Sale & Purchase
NEWBUILDINGS
TYPE
SIZE
DELY
TANK
115,000DWT
END 2015
LNG
160175,000CBM
-
LNG
30,000CBM
-
LPG
83,000CBM
Q2 2016
LPG
7,500CBM
BULK
208,000DWT
BULK
CONT
CONT
60,000DWT
11,000TEU
9,440TEU
H2 2016
Q4 2016Q2 2017
2017
2015
2016
CONT
9,162TEU
2016
MPP
MPP
38,300DWT
12,500DWT
2016
Q4 2015
MPP
12,500DWT
Q4 2015
YARD
DAEHAN
SHIPBRUILDING
DALIAN
SHIPBUILDING
SHANGHAI
JIANGNAN
MITSUBISHI
HEAVY
SASAKI
PRICE
USD $
BUYERS
UNITS
OPT.
56.50M
ATLAS MARITIME
2
2
200230.00M
TIANJIN MARINE
4
-
CNOOC
1
-
JX OCEAN
1
-
EPIC GAS
2
TAIZHOU CATIC
56.50M
OLDENDORFF
2
IMABARI
HYUNDAI HEAVY
HYUNDAI HEAVY
DAEWOO
MANGALIA
SHANHAIGUAN
JIANGZHOU
JIANGSU
HONGQIANG
28.50M
-
KUANG MING
OCEANBULK/OAKTREE
CMTC
2
2
4
-
CMTC
1
-
COSCO XIAMEN
BRIESE
5
2
-
KREY
2
`
MARKET RATES PREVIOUS WEEK
CURRENT WEEK
+/-
BRENT
109,67
107,76
-1,91
GBP – USD
1,6802
1,6872
0,01
USD – K WON
1.039,65
1.030,20
-9,45
USD – YEN
102,310
102,800
0,49
EURO – USD
1,3832
1,3870
0,00
▼
▲
▼
▲
▲
THE ABOVE INFORMATION IS GIVEN IN GOOD FAITH BUT WITHOUT GUARANTEE AS TO ACCURACY OF SAYING.
6 A.PAPANDREOU STR., GLYFADA, ATHENS – GREECE
TEL : +30 – 210 - 89 85 813, FAX: +30 – 210 – 89 85 138 e-mail : [email protected]
Website: www.nilimar.com
6