Monday, March 31, Week 14 The Week at a Glance

Size: px

Start display at page:

Download "Monday, March 31, Week 14 The Week at a Glance"

Shannon Horn
5 years ago
Views:

Monday, March 31, 214 - Week 14 The Week at a Glance Lack of activity and fresh cargoes led dry bulk charter rates to remain under pressure while BPI fell lower than 1 points for first time since

1 Monday, March 31, Week 14 The Week at a Glance Lack of activity and fresh cargoes led dry bulk charter rates to remain under pressure while BPI fell lower than 1 points for first time since 5/9/213. However there is a sentiment of optimism for a better 2 nd half, in case US Gulf and Continent-Black Sea grain season coincide with each other due to bad weather in the U.S. On the bulk carrier S&P market, Tess-52 CROWN PRINCESS (52,347 dwt, 25 built, Japan) was sold for USD 23, Million with TC attached to Oldendorff, at an index linked rate. When we compare this sale with that of SKY MARINE V (53,459 dwt, 25 built, Japan), which has been sold in the region of USD 22, Million, we can ascertain that 1 years old Supramax prices continue to rise. Notable also, is the en bloc sale of two Ultramax Chegxi resales owned by Parakou in the region of USD 29,7 Million each to European buyers, which firms even more the prices in these levels. Lastly rumor has it that ORIENT SINGAPORE(33,688 dwt,211 built, Japan) has been committed to Greek buyer in the region of USD 23 Million. On the tanker sector VLCCs dominated the S&P reports. ASIAN PROGRESS II (314,26 dwt, 2 built,japan) was sold to Greeks in the region of USD 28, Million, which compared to ULYSSES (31,137 dwt, 1999 built, S.Korea) bought by Malaysians for USD 25, Million - shows that older tonnage prices are raising significantly. Buyers for modern VLCCs are acting extensively for modern vessels as well. Tankers Investments -subsidiary of Teekay- have committed en bloc A ELEPHANT(32,41 dwt, 21 built, S.Korea), B ELEPHANT(32,16 dwt, 21 built, S.Korea) and C ELEPHANT(32,327 dwt, 211 built, S.Korea), while Greeks have purchased BLUE GARNET (321,52 dwt, 211 built, S.Korea) and BLUE JADE (32,15 dwt, 212 built, S.Korea). Both above deals are on private terms. As of the NB-resales sector, it s noteworthy to mention the price gap between S.Korean and Chinese tonnage, difference of which reaches even 27%. We can realize this fact considering that SUNGDONG 1199 (18, dwt, 215 built, S.Korea), has been sold to clients of Scorpio in the region of USD 61,2 Million in contrast to the en bloc deal of QINGDAO BEIHAI BC18-3 (18, dwt, 214 built, China) and QINGDAO BEIHAI BC18-26(18, dwt, 214 built, China), at USD 48, Mill each. Greek Listed Companies Last Fridays Closing Weekly Difference NYSE 1434,87 42,65 NASDAQ 4155,76-121,3 Dry Ships 3,25 -,23 Navios 9,64 -,17 Diana 11,96 -,46 Top Ships 1,42 -,3 TEN 7,58 -,9 Stealth Gas 11,51,2 Capital Product Partners 1,62 -,53 Euroseas 1,27 -,3 Danaos 7,1,1 Costamare 21,9,53 Baltic Dry Indices* Last Fridays Closing Weekly Difference Baltic Dry Index Baltic Cape index Baltic Panamax Index Baltic Supramax Index Baltic HandySize Index Currencies* Last Fridays Closing Weekly Difference EURO/USD 1,37938, USD/JPY 12,25,67 USD/CNY 6, ,1 *The above tables show last Friday's closing including the weekly balance. ISO Certified by Germanischer Lloyd Copyright by Allied Shipbroking Inc

2 Secondhand Sales Dry SIZE INDEX W-O-W CHANGE AVG T/C RATES W-O-W CHANGE TREND BDI CAPESIZE WEAKER PANAMAX WEAKER SUPRAMAX WEAKER HANDYSIZE WEAKER Bulk Carrier Vessel's Name DWT Built Country TEU Gears Engine Price Sale's Comment FEDERAL FUJI JAPAN 14 4 X 25t CRANES Sulzer USD SOLD EN BLOC TO MIDDLE FEDERAL EASTERN BUYER - RGN USD JAPAN 14 4 X 25t CRANES Sulzer USD POLARIS 6.9. EN BLOC CROWN PRINCESS ANNA OLDENDORFF CHENGXI RESALE HULL NR CX639 CHENGXI RESALE HULL NR CX JAPAN - 4 X 3t CRANES MAN-B&W 23.. USD JAPAN - 4 X 3t CRANES B&W USD 64 3/215 CHINA - 4 X 3t CRANES YYY USD 64 5/215 CHINA - 4 X 3t CRANES YYY USD OCEAN LILY JAPAN - - MAN-B&W 25.. USD SUNGDONG RESALE HULL NR 1199 SOLD TO CHINESE STATE OWNED BUYERS WITH TC ATTACHED TO OLDENDORFF AT AN INDEX LINKED RATE SOLD TO N BUYER BASIS BB BACK FOR 2 YEARS SOLD EN BLOC TO EUROPEAN BUYER - RGN USD EN BLOC SOLD TO JAPANESE BUYER (SANKO) 18 4/ MAN-B&W USD SOLD TO ITALIAN BUYER (SCORPIO) Container Vessel's Name DWT Built Country TEU Gears Engine Price Sale's Comment RAFFLESIA JAPAN Mitsubishi - SOLD TO UNDISCLOSED BUYER ON PRIVATE TERMS WESTEREMS POLAND X 45t CRANES Sulzer 7.. USD SOLD TO GREEK BUYER MSC UGANDA B&W - CMA CGM VIVALDI General cargo MAN-B&W 5.. USD Vessel's Name DWT Built Country TEU Gears Engine Price Sale's Comment ATALANTA (CONBULKER) SOLD TO UNDISCLOSED BUYER ON PRIVATE TERMS SOLD TO JAPANESE BUYER (MC SEAMAX) SUBSIDIARY OF MITSUBISHI CORP BASIS 3 YEARS TCB POLAND X 4t CRANES Sulzer USD SOLD TO CHINESE BUYER (NASCO) 2

3 Wet SIZE INDEX W-O-W CHANGE BDTI 79 2 BCTI SIZE AVG SPOT EARNINGS W-O-W CHANGE AVG T/C RATES BSS 1 YR TREND VLCC $ % 26. STEADY SUEZMAX $ % 2. STEADY AFRAMAX $ % STEADY CLEAN MR $ % 15. STEADY Tanker Vessel's Name DWT Built Country DB DS Engine Price Sale's Comment BROVIG VINDUR (Coated, IMO II) ANGEL NO.12 (St.Steel, IMO II) STOLT AMI (St.Steel, IMO II/III) HELLAS CONSTELLATION (Coated) TURKEY Y Y MAN-B&W 4.4. USD SOLD TO NORWEGIAN BUYER CHINA Y Y MAN-B&W USD SOLD TO U.S.A. BASED BUYER (PRINCIMAR) JAPAN Y Y Mitsubishi 23.. USD SOLD TO UNDISCLOSED BUYER HUELVA SPIRIT Y Y MAN-B&W USD SOLD TO NIGERIAN BUYER Y Y B&W 21.. USD SOLD TO UNDISCLOSED BUYER SEASPRITE 157 6/214 CHINA Y Y MAN-B&W USD SOLD EN BLOC TO NORWEGIAN BUYER (FRONTLINE) - RGN USD SEAGRACE 157 4/214 CHINA Y Y MAN-B&W USD 19.. EN BLOC ASIAN PROGRESS II A ELEPHANT B ELEPHANT C ELEPHANT BLUE GARNET BLUE JADE JAPAN Y Y B&W 28.. USD SOLD TO GREEK BUYER Y Y MAN-B&W - Y Y MAN-B&W - Y Y MAN-B&W - Y Y MAN-B&W - Y Y MAN-B&W - SOLD EN BLOC TO CANADIAN BUYER (TANKERS INVESTMENTS) SUBSIDIARY OF TEEKAY ON PRIVATE TERMS SOLD EN BLOC TO GREEK BUYER ON PRIVATE TERMS 3

4 B a l t i c D r y I n d i c e s Year BDI Max BDI Avg BDI Min BCI Max BCI Avg BCI Min BPI Max BPI Avg BPI Min BSI Max BSI Avg BSI Min Baltic Dry Index /3/85 1/9/85 1/3/86 1/9/86 1/3/87 1/9/87 1/3/88 1/9/88 1/3/89 1/9/89 1/3/9 1/9/9 1/3/91 1/9/91 1/3/92 1/9/92 1/3/93 1/9/93 1/3/94 1/9/94 1/3/95 1/9/95 1/3/96 1/9/96 1/3/97 1/9/97 1/3/98 1/9/98 1/3/99 1/9/99 1/3/ 1/9/ 1/3/1 1/9/1 1/3/2 1/9/2 1/3/3 1/9/3 1/3/4 1/9/4 1/3/5 1/9/5 1/3/6 1/9/6 1/3/7 1/9/7 1/3/8 1/9/8 1/3/9 1/9/9 1/3/1 1/9/1 1/3/11 1/9/11 1/3/12 1/9/12 1/3/13 1/9/13 1/3/14 1/9/14 Baltic CapeSize Index \6\ 1\9\ 1\12\ 1\3\1 1\6\1 1\9\1 1\12\1 1\3\2 1\6\2 1\9\2 1\12\2 1\3\3 1\6\3 1\9\3 1\12\3 1\3\4 1\6\4 1\9\4 1\12\4 1\3\5 1\6\5 1\9\5 1\12\5 1\3\6 1\6\6 1\9\6 1\12\6 1\3\7 1\6\7 1\9\7 1\12\7 1\3\8 1\6\8 1\9\8 1\12\8 1\3\9 1\6\9 1\9\9 1\12\9 1\3\1 1\6\1 1\9\1 1\12\1 1\3\11 1\6\11 1\9\11 1\12\11 1\3\12 1\6\12 1\9\12 1\12\12 1\3\13 1\6\13 1\9\13 1\12\13 1\3\14 1\6\14 Baltic Panamax Index \6\ 1\9\ 1\12\ 1\3\1 1\6\1 1\9\1 1\12\1 1\3\2 1\6\2 1\9\2 1\12\2 1\3\3 1\6\3 1\9\3 1\12\3 1\3\4 1\6\4 1\9\4 1\12\4 1\3\5 1\6\5 1\9\5 1\12\5 1\3\6 1\6\6 1\9\6 1\12\6 1\3\7 1\6\7 1\9\7 1\12\7 1\3\8 1\6\8 1\9\8 1\12\8 1\3\9 1\6\9 1\9\9 1\12\9 1\3\1 1\6\1 1\9\1 1\12\1 1\3\11 1\6\11 1\9\11 1\12\11 1\3\12 1\6\12 1\9\12 1\12\12 1\3\13 1\6\13 1\9\13 1\12\13 1\3\14 1\6\14 Baltic Supramax - HandySize Index \12\2 1\3\3 1\6\3 1\9\3 1\12\3 1\3\4 1\6\4 1\9\4 1\12\4 1\3\5 1\6\5 1\9\5 1\12\5 1\3\6 1\6\6 1\9\6 1\12\6 1\3\7 1\6\7 1\9\7 1\12\7 1\3\8 1\6\8 1\9\8 1\12\8 1\3\9 1\6\9 1\9\9 1\12\9 1\3\1 1\6\1 1\9\1 1\12\1 1\3\11 1\6\11 1\9\11 1\12\11 1\3\12 1\6\12 1\9\12 1\12\12 1\3\13 1\6\13 1\9\13 1\12\13 1\3\14 1\6\14 4

5 S e c o n d h a n d S a l e s S t a t i s t i c s Current Secondhand Activity per / Size/ Invested Capital During 214 Secondhand Activity per / Size/ Invested Capital...during 212 Size DWT Invested Capital DWT Invested Capital A. Dry $ A. Dry B. Tanker $ A. Dry Total 1. Minibulk (up to 9, Handy (1, - 39, Handymax (4, - 59, Panamax (6, - 79, Capesize (8, $ $ $ $ $ $ C. Container $ D. Reefer $ E. RoRo Cargo/ Ferry/ Passenger $ F. Miscellaneous $4.. Grand Total $ during 213 DWT Invested Capital A. Dry $ B. Tanker $ C. Container $ B. Tanker 1. Minitank (up to 9, Product (1, - 59, Panamax (6, - 79, Aframax (8, - 119, Suezmax (12, - 199, VLCC (2, - 299, ULCC (3, $ $ $ $ $ $ $578.. D. Reefer $8.. E. RoRo Cargo/ Ferry/ Passenger $99.3. F. Miscellaneous $ Grand Total $ Bulk Carriers Sales Per during % CAPESIZE 27 % PANAMAX 22 % HANDYMAX 24 % HANDY 16 % MINIBULK B. Tanker total $ C. Container Total $ D. Reefer Total $4.1. Tankers Sales Per during 214 E. RoRo Cargo/ Ferry/ Passenger Total $ % ULCC 5 % VLCC 8 % SUEZMAX 11 % AFRAMAX 5 % PANAMAX 41 % PRODUCT 16 % MINITANK F. Miscellaneou s Total $ Grand Total $

6 Invested Capital in Secondhand per month as of January 213 Year Month Invested Capital Total Total January-213 $ February- 213 $ March-213 $ April-213 $ May-213 $ June-213 $ July-213 $ August-213 $ September- 213 $ October-213 $ November- 213 $ December- 213 $ $ January-214 $ February- 214 $ March-214 $ $ Dry - Buyers' Nationality Invested Capital Graph - Invested Capital in Secondhand per month as of January /213 2/213 3/213 4/213 5/213 6/213 Invested Capital Per Month 7/213 8/213 Months Total Capital 9/213 1/213 No Of Buyers Nationality during Top 1 ( vessels per sector) 11/213 12/213 1/214 2/214 3/ Vesels 22 % OTHER 6 % MALTA 6 % ITALY 5 % GERMANY 3 % NORWAY % BELGIUM 5 % CHINA PEOPLE'S REPUBLIC OF 3 % SINGAPORE 1 % UNITED STATES OF AMERICA 2 % UNKNOWN 32 % GREECE Wet - Buyers' Nationality 31 % OTHER % MALTA 1 % ITALY % GERMANY 4 % NORWAY 8 % BELGIUM 3 % CHINA PEOPLE'S REPUBLIC OF 1 % SINGAPORE 16 % UNITED STATES OF AMERICA 11 % UNKNOWN 16 % GREECE Container - Buyers' Nationality 27 % OTHER % MALTA % ITALY 1 % GERMANY % NORWAY % BELGIUM 6 % CHINA PEOPLE'S REPUBLIC OF 1 % SINGAPORE 21 % UNITED STATES OF AMERICA 13 % UNKNOWN 13 % GREECE Buyer's Country A. Dry B. Tanker C. Container D. Reefer Grand Total GREECE UNKNOWN UNITED STATES OF AMERICA SINGAPORE CHINA BELGIUM NORWAY GERMANY ITALY MALTA Other Grand Total Buyer's Country Buyers Nationality during Top 1 (Invested Capital per sector) A. Dry B. Tanker C. Container D. Reefer Grand Total GREECE NORWAY SINGAPORE UNKNOWN UNITED STATES OF AMERICA ITALY CANADA GERMANY CHINA Other Grand Total

7 New Building Bulk Carrier Orders Type Units Dwt Shipyard Reported Price Owner / Manager Delivery Date BC 1 33, SHIN KURUSHIMA N/A SESODA 217 BC 2 37,3 NANJING DONGZE N/A NORDIC HAMBURG SHIPMGMT GMBH 215 BC 4 4, XINGANG N/A COSCO 215/216 BC 2 43,5 QINGSHAN SHIPYARD N/A BLUE WALL 217 BC 1 61, NANTONG COSCO KHI N/A DENSAY SHIPPING 216/217 BC 2 64, JINLING SHIPYARD N/A DENSAY SHIPPING 216/217 BC 2 82, AVIC WEIHAI N/A MST 215/216 BC 2 84, SASEBO N/A SANTOKU SENPAKU 215/216 BC 1 84,9 SASEBO N/A QUINTANA 215 BC , JIANGSU EASTERN SHIPYARD USD 3,, VICTORIA STEAMSHIP 215 BC 4 18, XINGANG N/A COSCO 216 BC 5 18, IMABARI SB USD 6,, K LINE 215/216 BC 4 28, JIANGSU EASTERN SHIPYARD USD 56,, OLDENDORFF 216 Other Dry Orders Type Units Dwt / Units Shipyard Reported Price Owner / Manager Delivery Date CONTAINER 4 23,8/173 ZHEJIANG OUHUA N/A NORD REEDEREI LTD 215/216 Tanker Orders Type Units Dwt/Units Shipyard Reported Price Owner / Manager Delivery Date TANKER 2 25, FUKUOKA SHIPBUILDING N/A NAVIG8 216 TANKER , SPP SHIPBUILDING USD 48,, NAVIG8 216 TANKER 4 112,7 DAEWOO MANGALIA USD 51,, TSAKOS ENERGY NAVIGATION 216/217 TANKER 4 115, DAEWOO SHIPBUILDING & MARINE ENGIN. N/A GREEK BUYER 215/216 TANKER , HHI N/A CM LEMOS 216 TANKER 2 3, HHI N/A NAVIG8 216 TANKER 2 3, HANJIN SUBIC BAY USD 95,, NAVIG8 216 TANKER 2 3, HANJIN SUBIC BAY USD 95,, TRANSPORTATION RECOVERY FUND 216/217 TANKER 2 32, HANJIN SUBIC BAY N/A NEREUS 216 New Building Prices Tanker Newbuilding Prices BC Newbuilding Prices Korea China Korea China VLCC 32, USD 1.. USD 92.. SUEZMAX 157, USD 67.. USD 6.. AFRAMAX 113, USD 55.. USD 48.. "MR" TANKER 5, USD USD 33.. CAPESIZE 18, USD 57.. USD 55.. KAMSARMAX 82, USD 35.. USD 31.. ULTRAMAX 62, N/A* USD HANDYSIZE 35, N/A* USD 24.. * Note: Due to the Present New Building cost, Korean Shipyards are unwilling to quote. 7

8 Demolition Sales Type Vessel's Name DWT Built Country LDT Price/ ldt Sale's Comment GEN.CARGO GAZELLE COAST DENMARK SOLD TO CHINA ON PRIVATE TERMS GEN. CARGO BU HUNG BRAZIL - - SOLD TO CHINA ON PRIVATE TERMS GAS TANKER GAZ SYMPHONY JAPAN SOLD ON AS IS FUJAIRAH BASIS TO UNDISCLOSED BREAKER INCLUDING 5 TONS IFO GEN. CARGO PE GAE BONG NORTH SOLD TO CHINA ON PRIVATE TERMS REEFER BALTIC MARINER BELGIUM SOLD TO INDIA CONTAINER CAROL GERMANY 61 - SOLD TO INDIA ON PRIVATE TERMS BC ZHEN FEN CHINA SOLD TO CHINA ON PRIVATE TERMS BC AMIRA MARIAM JAPAN SOLD TO INDIA CONTAINER KOTA WIJAYA JAPAN SOLD TO INDIA INCLUDING 35 TONS IFO CONTAINER ATHENS TRADER SOLD TO INDIA ON AS IS JEBEL ALI BASIS INCLUDING 39.5 TONS IFO AND A NON FERROUS PROPELLER BC DING HU SHAN CHINA SOLD TO CHINA ON PRIVATE TERMS BC BAO ZHONG U.S.S.R SOLD TO CHINA ON PRIVATE TERMS TANKER OVERSEAS BERYL SOLD TO UNDISCLOSED BREAKER ON AS IS BASIS 8

9 Demolition Statistics For 214 Current Demolition Activity per / Size A. Dry Size No Of DWT No Of DWT 1. Minibulk (up to 9, Handy (1, - 39, Handymax (4, - 59, Panamax (6, - 79, Capesize (8, A. Dry Total B. Tanker 1. Minitank (up to 9, Product (1, - 59, Panamax (6, - 79, Aframax (8, - 119, Suezmax (12, - 199, VLCC (2, - 299, ULCC (3, B. Tanker Total C. Container Total D. Reefer Total E. RoRo Cargo/ Ferry/ Passenger Total F. Miscellaneous Total Grand Total Please Note that dry trading combination carriers are included in the dry sector and wet trading ones in the tanker sector. 9

10 Country Demolition Activity by Country DWT DWT BANGLADESH CHINA INDIA OTHERS PAKISTAN TURKEY Grand Total ' Average Age For Demolition A. Dry 28,5 28,2 3,7 B. Tanker 24,9 24,6 27,1 C. Container 21,8 23,3 29,6 D. Reefer 3,4 26,5 26,3 E. RoRo Cargo/ Ferry/ Passenger 32,1 34,9 32 F. Miscellaneous 34,5 33,8 34 Demolition Activity By DWT Demolition Per Month Demolition of BCs by percentage for % Minibulk 52 % Handy 13 % Handymax 1 % Panamax 9 % Capesize dwt no of vessels Demolition of Tankers by percentage for 213 1/213 2/213 3/213 4/213 5/213 6/213 7/213 8/213 9/213 Months Sum of DWT 1/213 11/213 12/213 1/214 2/214 3/ % Minitank 35 % Product 6 % Panamax 18 % Aframax 8 % Suezmax 11 % VLCC 5 % ULCC Year Dry Demolition activity since 23 DWT of Dry Tankers DWT of Tankers DWT

11 Contact Details AERAKIS GEORGE AOH: MOBILE: DASKALAKIS GEORGE AOH: MOBILE: DRAKOGIANNOPOULOS SAKIS AOH: MOBILE: KARADIMAS COSTAS AOH: MOBILE: MANOLAS NIKOLAS AOH: MOBILE: PAPOUIS THASSOS AOH: MOBILE: PROSSIOS TASSOS AOH: MOBILE: TOBALOGLOU EVAGELOS AOH: MOBILE: BOLIS ILIAS AOH: MOBILE: DRAKOGIANNOPOULOS STAVROS AOH: MOBILE: HATZIGEORGIOU NASSOS AOH: MOBILE: KOSTOYANNIS JOHN AOH: MOBILE: MOISSOGLOU THEODOROS AOH: MOBILE: PRACHALIAS ARGIRIS AOH: MOBILE: STASSINAKIS JOHN AOH: MOBILE: TSALPATOUROS COSTIS AOH: MOBILE: VARVAROS PLUTON AOH: MOBILE: ALLIED SHIPBROKING INC. 48, Aigialeias Street, 4 th Floor, Maroussi , Greece Tel: Fax: / 19 snp@allied-shipbroking.gr ALLIED CHARTERING S.A. 48, Aigialeias Street, 4 th Floor, Maroussi , Greece Tel : Fax: drycargo@allied-chartering.gr s: tanker@allied-chartering.gr Visit 11

12 LEGAL DISCLAIMER This report has been produced on information collected from various sources and whilst every care has been taken in its preparation, it is presented for the sole and exclusive information of its recipients, in good faith and without any guarantee from our part. None of the information contained in this report has been independently verified by any member of ALLIED SHIPBROKING INC. Consequently no representation or warranty, express or implied, is made in respect of the accuracy of the information contained herein. Neither our company nor its directors or employees shall be in any way liable for any loss nor damage occurred to any party by the use of the information and/or the comments contained in this report. Furthermore, no responsibility is accepted in respect of any errors or inaccuracies which may be contained in this report. 12

Monday, July 25, Week 30 The Week at a Glance

Monday, July 25, Week 30 The Week at a Glance Baltic Dry Indices* Last Fridays Closing Weekly Difference Monday, July 25, 211 - Week 3 The Week at a Glance Butterfly effect..." Officials of the Euro-zone have come into agreement to assist Greece with