MARKET REPORT WEEK 45

Transcription

1 MARKET REPORT WEEK 45 BASED ON SALES AND PURCHASES OF VESSELS WEEK ENDED FRIDAY 12 th NOVEMBER 2010 At face value we have just endured another fairly dreary week in the shipping markets with the dry freight market continuing to drift downwards and few sales to report, however we sense that in respect of the dry S+P and demo markets we may be witnessing the beginnings of some changing trends. In the dry S+P market Buyers are now starting to resist the trend of recent weeks to be willing to pay ever firming prices against a background of a falling dry freight indices and rates. This is especially true for the older 80's built tonnage of which vintage there is plenty of handymax tonnage available however (mainly Asian) buyers are now starting to reduce their bid levels for same. Similarly, even the modern tonnage including resales (especially of increasing numbers of Supramaxes from Chinese yards) are now also coming under pressure to reduce their price ideas by would be buyers. In the demo market, the coming change we believe could be the long awaited reopening of Bangladesh. Whilst there are no new demo deals reported in that direction yet we understand that about 15 yards have now passed the new required 'environmental vetting standards', enabling several Letters of Credit to be opened, in turn allowing several vessels that were contracted months ago, to finally be beached. We hope that this is just the start of Bangladesh rejoining the Demolition market. Meantime a small volume of deals have concluded in both China and Pakistan with levels remaining in the $400's. The Tanker market on the other hand remains much the same with rates depressingly low and sales only consummating if sellers are willing to be totally realistic about their vessel's true value(s) today.

2 SUHAIL STAR 301,862 09/1994 ALPHARD STAR 301,858 03/1995 ODENSE, DENMARK ODENSE, DENMARK TANKERS HULL SH 27.00M UNDISCLOSED EACH SH 27.00M UNDISCLOSED COMBO GEAR / PUMPS - NO SALES REPORTED THIS WEEK - JOYAMA 49,999 01/1986 NOTO GLORIA 49,412 02/1992 LADY BARBARA 3,953 02/1990 MITSUBISHI, KAWASAKI, KYOKUYO, LPG CBM 82, M UNDISCLOSED 75, M SIAM GAS 3, M UNDISCLOSED

3 2500 BALTIC TANKER INDICES Week BDTI 09 BCTI 09 BDTI 10 BCTI 10

4 BLUE ANNAPURNA 180,000 12/2010 NAVIOS FULVIA 180,000 08/2010 NAVIOS MELODIA 180,000 09/2010 BULKERS GEAR CAPESIZE / VLOC DAEHAN, SUNGDONG, SUNGDONG, M GREEK M M GREEK (NAVIOS MARITIME) GREEK (NAVIOS MARITIME) EN BLOC BOTH INCL TC PB EAGLE 94,191 04/1992 BENEDETTA D AMATO 92,500 01/2010 ENERGY TRADE 77,679 06/1998 GOLDEN SHADOW 73,732 12/1997 STEFANIA 64,848 01/1981 NORD BRAVE 53,529 07/2007 FEROI 37,092 01/1983 HYUNDAI MIPO ,000 07/2011 SHINAN H , ORIENT SAORI 30,835 07/1997 BRAZILIAN CONFIDENCE 29,446 05/1985 BOSPHORUS QUEEN 27,167 03/1986 PANAMAX / POST-PANAMAX IMABARI, JIANGSU, CHINA MITSUI, SUMITOMO, HITACHI, MINAMI, SUMITOMO, USUKI, GLESS 18.25M GREEK GLESS 46.00M FAR EASTERN GLESS 25.00M UNDISCLOSED GLESS 26.70M HANDYMAX / SUPRAMAX IWAGI, KURUSHIMA, HYUNDAI MIPO, SHINAN, HANDIES BRAZILIAN (NORSUL) GLESS 6.20M CHINESE CR4x30.5T 36.70M VIETSE (VINALINES) CR5x25T 6.30M UNDISCLOSED CR4x25T 29.00M GREEK CR4x25T 32.50M SOUTH KOREAN CR4x30T 19.50M TURKISH CR3x25T 7.20M UNDISCLOSED CR4x30T 7.20M UNDISCLOSED INCL T/C TILL 06/2011 AT USD 16,800 PD INCL TC MONTHS AT USD 21,000 PD SMALL BULKERS - NO SALES REPORTED THIS WEEK -

5 BALTIC DRY INDICES BDI 10 BCI 10 BPI 10 BSI 10 BHSI 10 BDI 09 BCI 09 BPI 09 BHI 09 Week

6 INDICATIVE REPORTED FIXTURES RATE NAVIOS TITAN ,936 20,000$/D CHARTERERS GMI DURATION 23/25 MONTHS LONDON ,562 25,000$/D OCEANIC BREEZE ,075 22,500$/D GOLDEN HEIWA ,662 23,000$/D OCEAN LILY ,585 21,500$/D PRABHU PUNI ,015 23,000$/D LIBERTAS ,511 20,000$/D JIA FOISON ,500 22,000$/D NYON ,035 20,000$/D AMOY DREAM ,000 20,000$/D NASCO GEM ,085 17,700$/D SWISS MARINE DREYFUS SINOCHART GMI COSCO USA SWISS MARINE SINOCHART SWISS MARINE DREYFUS CARGILL 11/13 MONTHS 11/13 MONTHS 23/25 MONTHS 3/5 MONTHS 3/5 MONTHS BALTIC DRY INDICES BDI BCI BPI BSI BHSI PREVIOUS WEEK CURRENT WEEK + /

7 TWEEN / MPP / GENERAL CARGO KANO 2,120 11/1972 SCHULTE, GERMANY GEAR GLESS 2.96M UNDISCLOSED SIAM 1 15,628 09/1996 CARAVELLE 14,643 10/1996 VSICO PROMOTE 8,516 10/1999 CONTAINER GEAR TEU IWAGI, VOLKSWERFT, GERMANY MURAKAMI, GLESS M GREEK CR2x45T M UNDISCLOSED CR2x36T M SINOKOR REEF REEF. CAP/TY GEAR - NO SALES REPORTED THIS WEEK - KANO II 4,400 10/1978 NEPTUNE HELLAS 3,280 02/1979 PCC/ RORO / PASS FREDERIKSHAVN, DENMARK IMABARI, CARS/ LM PAX M UNDISCLOSED P+C JORDAN BASED

8 TYPE DEMOLITION LDT USD/LT SOLD TO JIANMAO 1 BULK 127,907 05/ CHINA - STAR CARRIER BULK 35,218 03/ INDIA - MAHA VIDYA BULK 27,451 07/ PAKISTAN - TYPE DELY NEWBUILDINGS BULK 95, /15 IMABARI SB P+C NYK 3 UNITS BULK 59, HYUNDAI P+C HYUNDAI VINASHIN 2 UNITS BULK 37, ONOMICHI P+C FAR EASTERN SHIPPING 1 UNIT BULK 37, ONOMICHI P+C ORIENT MARINE 6 UNITS BULK 35, QIDONG DAODA P+C HANZEVAST CAPITAL 4 UNITS BULK 35, ZHEJIANG YANGFAN 26.00M COBELFRET N V 2 UNITS TANK 112, / 13 HYUNDAI P+C A M P T C ( EGYPT) CONT 6,500 TEU 2013 STX 80.50M SHIPPING CORP OF INDIA 2 UNITS PRODUCT / COATED 3 UNITS CONT 3,800 TEU 2013 HHIC- PHIL P+C DELPHIS N V 2+6 OPTION CONT 3,600 TEU 2012 SUNGDONG 52.00M GOLDENPORT SHIPMANAGEMENT 2 UNITS MPP 20, /13 HUDONG ZHONGHUA P+C BELUGA SHIPPING 2+2 OPTION LPG 54, MITSUBISHI HI P+C ASTOMOS ENERGY CORP 1 UNIT MARKET RATES BRENT GBP USD USD K WON USD YEN EURO USD PREVIOUS WEEK , CURRENT WEEK + / ,