NILIMAR Ships Sale & Purchase

Transcription

1 NILIMAR Ships Sale & Purchase MARKET REPORT WEEK 35 BASED ON SALES AND PURCHASES OF VESSELS WEEK ENDED FRIDAY 30 TH AUGUST The BDI saw a minimal -3% decline last week caused by the BCI reversing its +27% gain of the proceeding 2 weeks into a small -3% loss. Meanwhile the other 3 dry indices basically remained on holiday, each making gains of less than +1% w-o-w. The dry cargo market remains fundamentally 'flat'. Though both wet and dry freight markets remain uninspired, second hand S+P activity continued at a steady pace last week as it has done throughout the summer. Strong ordering of newbuildings also continues to feature and whilst we understand that Japanese and Korean yards have mainly enjoyed high levels of enquiry and concluded contracts, albeit many concluded in the past 24 months or so at below or close to cost price, such business will ensure the continued existence of said yards. It appears however that several major Chinese yards have not fared so well in this severe market slump the reasons in our opinion being two fold; first because even though they would have entered the downturn with strong order books for vessels contracted at very high prices, too many Chinese yards remain unable to deliver vessels to spec and on time, thereby giving buyers the ability to legally cancel and the yards having to 'resell' elsewhere at much lower prevailing market levels. The second reason is because given the choice most buyers still prefer to order in Japan or Korea for reasons of better quality product and the ability of such yards to be able to deliver as per contract. The demolition markets are witnessing quite a change in fortunes at the moment. The sub continent is in total disarray due to the Rupee in India and Pakistan falling even lower (India saw it reach 69 against the dollar last week - and it hadn't EVER gone below 62 up until only 2 weeks ago). There is also a strike in Bangladesh in protest of the falling local steel prices there. Accordingly sub continent end buyers remain basically closed for business we suspect until such time as their currencies and local steel prices stabilise. Meanwhile China is resurgent and we hear is maybe even offering levels in line with theoretical sub continent levels for desirable tonnage which is suitably positioned. Only one month ago China demolition buyers were basically closed whilst the sub-continent recyclers were hungry - how quickly things can change in shipping, and indeed if the West do eventually send cruise missiles into Syria one has to wonder (and worry) what knock on effects that might have throughout the middle east especially, and also upon shipping! 1

2 NILIMAR Ships Sale & Purchase TANKERS DH COSGLAD LAKE 297,388 04/2011 DALIAN, CHINA DH 55.00M GREEK ENBLOC COSGOLD LAKE 297,163 03/2011 DALIAN, CHINA DH 55.00M TAKASAGO MARU 281,050 01/1999 IHI, JAPAN DH 21.50M THAI (NATHALIN) SEASERVICE 107,160 12/1998 KOYO MIHARA, JAPAN DH 9.20M ENERGY POWER 51,383 01/2005 STX, KOREA DH 21.50M YASA BODRUM 50,261 05/2009 SPP, S. KOREA DH 29.00M YASA MARMARIS 50,215 09/2009 SPP, S. KOREA DH 29.00M YASA CEYHAN 50,162 01/2009 SPP, S. KOREA DH 29.00M YASA SEYHAN 50,162 01/2009 SPP, S. KOREA DH 29.00M CHAMPION PIONEER 40,538 06/1990 KOLKA 37,211 04/2003 RUBY EXPRESS 4,112 12/1990 ULJANIK, CROATIA HYUNDAI MIPO, KOREA SIONG HUAT, SINGAPORE DH 5.40M DH 13.30M SUISSE BASED (VITOL) INDIAN (GREAT EASTERN) US BASED (RIDGEBURY TANKERS) GREEK (OCEANGOLD) GREEK (ANCORA) SH 0.50M UNDISCLOSED ENBLOC COMBO GEAR/ PUMPS GAS CBM NORGAS CARINE 9,422 05/1989 BRAND, GERMANY 8, M DUBAI BASED BALTIC TANKER INDICES Week 2

3 NILIMAR Ships Sale & Purchase BULKERS GEAR TAI FU STAR 178,633 01/1998 DAEWOO, KOREA M UKRAINIAN (VISTA SHIPPING) GRAND SKY 75,752 11/1998 SANOYAS, JAPAN GLESS 9.00M UNDISCLOSED DANANN ISLAND 75,637 05/2006 SANOYAS, JAPAN GLESS 18.50M GREEK (THENAMARIS) ID RED SEA 70,029 07/1994 HUDONG, U.K BASED GLESS 4.75M CHINA (HOLBUD) PACIFIC PIONEER 70,003 10/1994 HUDONG, CHINA GLESS 4.75M ID HARBOUR 28,760 03/1995 NAIKAI ZOSEN, JAPAN CR 4X30T 7.20M FAR EASTERN ASIAN CARRIER 5,565 09/2003 JINLING, CHINA CR 2X40T 4.90M UNDISCLOSED SAVA OCEAN 3,024 06/1993 SAVA MACVANSKA, YUG GLESS 0.60M UNDISCLOSED PREVIOUSLY FAILED ENBLOC SOLD AT AUCTION 3000 BALTIC DRY INDICES 2013 BDI 12 BCI 12 BPI 12 BSI 12 BHSI 12 BDI 13 BCI 13 BPI 13 BSI 13 BHSI Week 3

4 NILIMAR Ships Sale & Purchase RATE NAVIOS JOY ,000 20,000$/DAY STAR AURORA ,199 17,000$/DAY PEDHOULAS COMMANDER INDICATIVE REPORTED FIXTURES ,700 10,750$/DAY ATHANASIA C ,988 9,700$/DAY CHARTERERS BUNGE RIO TINTO CNR UNITED DURATION 30/36 MONTHS 11/13 MONTHS 10/14 MONTHS 4/7 MONTHS NAVIOS GALILEO ,596 9,900$/DAY ANGELIC GRAC E ,740 8,500$/DAY BULK C OSTA RIC A ,758 16,300$/DAY PAC IFIC INTEGRITY ,100 9,250$/DAY GLOVIS MERMAID ,705 9,500$/DAY JOSC O YANGZHOU ,621 9,000$/DAY HANJIN ROSTOC K ,585 13,000$/DAY DENSA TIGER ,092 9,250$/DAY SOPHIA D ,565 10,000$/DAY THOR INTEGRITY ,375 10,000$/DAY ABT NORDEN CNR CNR TRAFIGURA EBC COPENSHIP NORDEN C NR VENTURE BULK ASIA 5/8 MONTHS 4/6 MONTHS 4/6 MONTHS 12 MONTHS 4/6 MONTHS BALTIC DRY INDICES BDI BCI BPI BSI BHSI PREVIOUS WEEK CURRENT WEEK / TWEEN / MPP / GENERAL CARGO GEAR VESSEL S NAME CONTAINER GEAR TEU VESSEL S NAME REEF REEF. CAP/TY GEAR PCC/ RORO / PASS CARS /LM PAX 4

5 NILIMAR Ships Sale & Purchase DEMOLITION INDIA TYPE LDT CONT HANSA ATLANTIC 62, , CONT HANSA PACIFIC 62, , BULK DIAMOND MOON 8, , BULK ABDOUL STAR 8, , DEMOLITION PAKISTAN TYPE LDT BULK NIRMAL PRITI 43, , BULK MYTHEAS 34, , DEMOLITION BANGLADESH TYPE LDT DEMOLITION CHINA TYPE LDT BULK CLIO 69, , INCL 500T BUNKERS BULK SEA EAGLE 69, , INCL 500T BUNKERS DEMOLITION TURKEY TYPE LDT BULK KLAIPEDA SPIRIT 4, , RORO MOBY MAGIC 2, , DEMOLITION MISC TYPE LDT 5

6 NILIMAR Ships Sale & Purchase NEWBUILDINGS TYPE SIZE DELY TANK 115, SUNGDONG HORIZON TANKERS 4+4 UNITS TANK 50, SUNGDONG HORIZON TANKERS 2+2 UNITS TANK 49, HYUNDAI VINASHIN WILMAR 31.00M INTERNATIONAL 4 UNITS LNG 174,000CBM 2016 HYUNDAI HEAVY M MARAN GAS 2+2 UNITS HYUNDAI HEAVY 1 UNIT BULK 179, M GOLDEN UNION (DECLARED OPTION) BULK 151, SUNGDONG 44.75M HANJIN SHIPPING 2 UNITS BULK 151, SUNGDONG 45.00M SK SHIPPING 2 UNITS BULK 64, CHINA SHIPBUILDING 25.00M DALIAN SUNSHINE 2+2 UNITS CONT 14,000TEU 2016 CSBC, TAIWAN M SEASPAN 5 UNITS MARKET RATES PREVIOUS WEEK CURRENT WEEK + / - BRENT GBP USD USD K WON USD YEN EURO USD 109,9 1, ,81 98,720 1, ,16 5,26 1,5504-0, ,36 98,350-7,45-0,37 1,3241-0,01 6