The World s Largest Buyer of Ships and Offshore Assets
|
|
- Austen Hampton
- 6 years ago
- Views:
Transcription
1 The World s Largest Buyer of Ships and Offshore Assets 9 th Annual Marine Money London Ship Finance Forum, 24 January 218 Evan F. Sproviero, Head of Projects, GMS 1
2 A. Recycling Prices and Residual Values B. Volumes Recycled C. Regulations Affecting the Market 2
3 Items to Consider: 1. Why has understanding Residual Values become important to Shipowners and Capital Providers? 2. Residual Values = Recycling Value? 3. How can we calculate Residual Values? 4. When should we start thinking of Residual Values? 5. Is their a way to monetize Residual Values TODAY? 3
4 Recent trends in the past few years and the growing importance of residual values: 1. Shorter Life Expectancy of Ships 2. Poor Freight Rates 3. Oversupply of Vessels 4. Lack of Debt Financing Consequently, A. Shortage of trading buyers B. Catastrophic drop in asset values (often recycling prices are equal to or at times greater than 2nd hand prices) 4
5 Average age for Recycling Tanker Dry Bulk Container Data Source: Clarksons Database 5
6 Earnings /1/16 1/3/16 1/5/16 1/7/16 1/9/16 1/11/16 1/1/17 1/3/17 1/5/17 1/7/17 1/9/17 1/11/17 Average VLCC c. 21-built Earnings Average Capesize c. 21-built Earnings Average Aframax c. 21-built Earnings Clarksons Average Containership Earnings Data Source: Clarksons Database 6
7 Current Fleet Average Age Jan 217-Jan 218-jan. Bulk Carriers Tankers Containerships Bulk Carrier Containerships Tankers 216-Jan 217-Jan 218-Jan Percentage Change Tankers : 5.6% for 217 and 4.7% for 218 Data Source: Clarksons Database 7
8 8
9 The Hammonia Grenada (built 21) was sold for recycling at an estimated $5.5m earlier in 217. More than 12 vessels (8 of them are containerships) built after 24 were been sold for recycling in
10 1. Supply & Demand 1. Supply is affected largely by earnings 2. Demand is heavily influenced by many factors including steel prices and supply of vessels for sale in the market 2. Prices of Commodities 1. Domestic steel prices (recycling, ship plate) 2. International Finished steel (rebar, billets, etc) 3. Currency exchange rates 4. International and Domestic Regulations 5. Recycling & Trading Opportunities 1. Vessel condition [recycling (own power/under tow), or some trading potential] 2. Freight rate 6. Speculation 1
11 Speculation at high levels! Source: Lloyd s List 11
12 BDA B/C SUBCON BDA B/C SUBCON Percentage Change Data Source: Baltic Exchange 12
13 Volatility in Residual Values presents significant risks and opportunities - 6 well maintained Panamaxes built between 29 and 211 at a total cost of $6-65m - Today s recycling price = USD 54M (approx.) - VesselsValue valued RMT s entire fleet (14 with an average age of 9.5 years ) at $89m, - Today s recycling price more than USD 115M (approx.) 13
14 Value of KOHYOHSAN (in million USD) Kohyohsan, built 21, Capesize bulker carrier, was sold at approx. $ 5.2m for further trading on 16 th Feb 216. Source: Seaweb, Clarkson s Database 2 Sale Done on Feb 216 Scrap Value on Feb 216 Scrap Value Today (Estimated) FMV Today 14
15 Current Demo Prices ($ per LT) Tankers: $45/ Long Ton VLCC= $19mn+/- Bulkers: $44/ Long Ton Cape= $1mn+/- Containers: $46/ Long Ton Pmax= $9.2mn+/- 15
16 16
17 Dry Bulk Container Tanker Offshore New Building 47.23m DWT (564 VSLS) 38.17m DWT (454 VSLS) 94,85 TEU (131 VSLS) 1,147,24 TEU (148 VSLS) 33.3m DWT (429 VSLS) 46.9m DWT (454 VSLS) 2.7m DWT (34VSLS) 686k DWT (156VSLS) m DWT (375 VSLS) 14.53m DWT (215 VSLS) 654,411 TEU (194 VSLS) 397,9 TEU (141 VSLS) 1.6m DWT (54 VSLS) 12.99m DWT (136 VSLS) 2.9m DWT (193 VSLS) 2.6m DWT (128 VSLS) Expectation 13m DWT Expectation Expectation Expectation 3, TEU 16m DWT 2m DWT Data Source: Clarksons Database 17
18 Tanker Recycling in DWT Tanker Recycling in Number of Vessels 4,5, 4,, 3,5, 3,88,77 3,518, ,, 25 2,5, 2,, 1,949, ,5, 1,, 5, 1,291,69 1,67, ,44 578, , , , ,849 VLCC Suezmax Recycling Aframax Recycling Handysize Recycling VLCC Suezmax Aframax Handysize Data Source: Clarksons Database 18
19 Tankers sent for recycling have reached a three year high on the back of a combination of low freight rates and high demo prices. Over the last 12 months, the recycling value of an average VLCC had risen by 4%, from $12m ($3/ldt) to $16.8m ($42/ldt). However, it still pales in comparison to delivery volumes. More tankers need to be recycled. Source: TradeWinds 19
20 18,, Bulker Recycling in DWT 18 Bulker Recycling in Number of Vessels 16,, 16 14,, 14 12,, 12 1,, 1 8,, 8 6,, 6 4,, 4 2,, 2 Capesize Panamax Handymax Handysize ,438,232 6,874,56 3,144,582 5,221, ,335,427 8,353,43 4,311,759 3,247, ,376,585 3,529,53 3,43,161 1,578, Capesize Panamax Handymax Handysize Data Source: Clarksons Database 2
21 Containership Recycling in TEU Containership Recycling in Number of Vessels 45, 1 4, 9 35, 3, 25, 2, 15, 1, , Feeder 1-2,999 TEU TEU 91,66 162, ,361 Intermediate 3,-5,999 TEU TEU 11, , ,458 Intermediate 6,-7,999 TEU TEU 64,78 19,84 Neo/Post-Panamax 8,+ TEU TEU Feeder 1-2,999 TEU Intermediate 3,-5,999 TEU Intermediate 6,-7,999 TEU 1 3 Neo/Post-Panamax 8,+ TEU Feeder 1-2,999 TEU TEU Intermediate 3,-5,999 TEU TEU Feeder 1-2,999 TEU Intermediate 3,-5,999 TEU Intermediate 6,-7,999 TEU TEU Neo/Post-Panamax 8,+ TEU TEU Intermediate 6,-7,999 TEU Neo/Post-Panamax 8,+ TEU Data Source: Clarksons Database 21
22 1,6 Recycling by Country Number of Units 1,4 1,2 33 1, Bangladesh India Pakistan PRC Other 22
23 23
24 Old vessels for which, upgrade is not cost-effective, will be recycled Ballast Water / Emissions EU Waste shipment Regulation EU flag ships to be recycled in EU approved facilities If a ship, regardless of flag, departs an EU port for recycling, it is obliged to be recycled in an OECD based yard with BASEL to apply Indian yards have applied to EU for approval. Hong Kong Convention Certified yards SOC yards IHM, SRP, FMP, Auditing and Reporting 57 yards in Alang are SOC with HKC certified, and 9 are in progress (updated on 12 Jan, 218) More than 55% of the recycling yards in Alang are already or working towards SOC with HKC. In October, 217, the PHP shipbreaking yard received a Statement of Compliance under the Hong Kong Convention for the Safe and Environmentally Sound Recycling of Ships from the classification society RINA. 24
25 25
26 1. Residual Values (recycling related) have become important to Shipowners and Capital Providers 2. Residual Values often equal Recycling Values with few exceptions 3. Given the markets over the last few years, residual value / recycling pricing should be considered from newbuilding delivery 4. Recycling Volumes are high but there is capacity to expand / recycle more tonnage (NB deliveries still far outpacing recycling) 5. Regulations will play an even larger role in the future of recycling but it is important for owners to properly understand the facts about the recycling market and efforts being undertaken to offer RSR options 6. Is there a way to monetize Residual Values TODAY? 1. Yes. Please contact us or visit our website: or download our app from the App store / Google Play 26
27 27
28 Established in USA in Largest Buyer of Vessels & Offshore Assets! In last few years, principals of GMS have delivered about 1/3 of the world s fleet sold for recycling (excluding Chinese subsidized tonnage). World's FIRST ISO 91:2 certified Buyer. GMS has negotiated (about): 3,3 ships and Offshore Assets; 1,, DWT; 3 vessels/offshore assets in a single year (212) One of the BIGGEST deals in the history of recycling With multiple offices across the world including: U.S.A., Germany, Greece, U.A.E., Singapore, China, Korea, Japan and exclusive rep offices in India, Bangladesh, Pakistan and Turkey. This allows us to deliver 24/7 local service to global shipping clients. Financial and Management capability to: Buy fleets on simple CASH "as is where is terms. Take forward positions Structure Deals 28
18th November 2013 GMS Ship Recycling Conference - Tokyo 1
18th November 2013 GMS Ship Recycling Conference - Tokyo 1 Agenda 1. Industry Facts 2. Ship recycling Boom and Corrections 3. Ship Recycling: Source of Recovery? 4. Changing Role of Cash Buyer 5. Closing
More informationVagelis Chatzigiannis, GMS. 3rd February, 2016 International Seminar: Towards Sustainable Ship Recycling 1
Vagelis Chatzigiannis, GMS 3rd February, 2016 International Seminar: Towards Sustainable Ship Recycling 1 1.1. Issues affecting the implementation of actual Responsible Ship Recycling Practices a) Deep
More informationShip Recycling: The last pillar of shipping. February 22, nd Annual Capital Link Greek Shipping Forum 1
Ship Recycling: The last pillar of shipping February 22, 2011 2 nd Annual Capital Link Greek Shipping Forum 1 Where do old ships go? Indian subcontinent India, Bangladesh and Pakistan China Turkey February
More informationThis Week s Overview of Shipping Investments SECONDHAND / DEMOLITION / NEW BUILDING MARKET ANALYSIS
This Week s Overview of Shipping Investments SECONDHAND / DEMOLITION / NEW BUILDING MARKET ANALYSIS Week Ending: 1 st November 2013 (Week 44, Report No: 44/13) (Given in good faith but without guarantee)
More informationGLOBAL SHIP RECYCLING MARKET OVERVIEW & June 30, rd Asia Ship Recycling & SNP Summit, China
GLOBAL SHIP RECYCLING MARKET OVERVIEW & OUTLOOK 2011 1 SHIP RECYCLING 1. Commercial influences on scrapping decision 2. The Global Ship Recycling Industry: Where it s done 3. Issues: Supply, Capacity and
More informationLong Term Trends in Shipbuilding HVB Press Conference. 20 th September 2006 Stephen Gordon, Clarkson Research
Long Term Trends in Shipbuilding HVB Press Conference 20 th September 2006 Stephen Gordon, Clarkson Research Introduction Background to Shipbuilding Investment The Current Orderbook The Product Mix Regional
More informationThe role of the Cash Buyer
The role of the Cash Buyer 18th November 2013 GMS Tokyo Conference on Ship Recycling 1 Agenda 1. Cash Buyers and their expertise in the ship recycling industry 2. The Changing Role of a Cash Buyer 3. Meeting
More informationThis Week s Overview of Shipping Investments SECONDHAND / DEMOLITION / NEW BUILDING MARKET ANALYSIS
This Week s Overview of Shipping Investments SECONDHAND / DEMOLITION / NEW BUILDING MARKET ANALYSIS Week Ending: 15 th November 2013 (Week 46, Report No: 46/13) (Given in good faith but without guarantee)
More informationGolden Ocean Group Limited Q results March 1, 2007
Golden Ocean Group Limited Q4 2006 results March 1, 2007 PROFIT & LOSS 2005 2006 (in thousands of $) 2006 2005 Oct-Dec Oct-Dec Jan - Dec Jan - Dec Operating Revenues 37 292 91 253 Time charter revenues
More informationThis Week s Overview of Shipping Investments SECONDHAND / DEMOLITION / NEW BUILDING MARKET ANALYSIS
This Week s Overview of Shipping Investments SECONDHAND / DEMOLITION / NEW BUILDING MARKET ANALYSIS Week Ending: 8 th November 2013 (Week 45, Report No: 4513) (Given in good faith but without guarantee)
More informationShip Recycling Committee (SRC)
Ship Recycling Committee (SRC) 15 May 2018 Dr. C. H. Yeh Chairman 1 Trend of Ship Recycling Demand In 2017: Global demolition activity declined by 20.4% in dwt (Marble status by type of ships ) In 2018-
More information(ships destined for scrap went for trading)
Ship Recycling Trends, Developments & Outlook July 23, 2009 Ship Recycling: Trends, Developments & Outlook 1 Ship-Recycling: From 2004 late 2008 Slowest periods in history of ship recycling More than 5-fold
More informationDry Bulk Market Weekly Highlights Week 17 - Dry Cargo Market Highlights for the period of 21-April-2011 until 28-April-2011
Dry Bulk Market ly Highlights 17 - Dry Cargo Market Highlights for the period of 21-April-211 until 28-April-211 17 28/4/211 Baltic Indices / Dry Bulk Spot Rates 16 21/4/211 ±% $/day $/day Point Diff 211
More information«Να κάνουμε την κρίση ευκαιρία" Ανάλυση των αγορών Bulkers & Tankers
«Να κάνουμε την κρίση ευκαιρία" Ανάλυση των αγορών Bulkers & Tankers Aδελφότης των Υδραίων Αθηνών 3ο Ναυτιλιακό Συνέδριο Σεπτέμβριος 2011 Section 1: Dry Bulkers Presentation Contents Dry Bulker fleet overview:
More informationShip Recycling Trends, Developments & Outlook. October 21 st, 2010 Ship Recycling: Trends, Developments & Outlook 1
Ship Recycling Trends, Developments & Outlook October 21 st, 2010 Ship Recycling: Trends, Developments & Outlook 1 Ship-Recycling: From 2004 late 2008 Slowest periods in history of ship recycling More
More informationOFFSHORE MONTHLY MARKET OVERVIEW
OFFSHORE MONTHLY MARKET OVERVIEW 1 st 3 th November 17 SUMMARY OF CONTENT Value analysis Total second hand S&P activity Newbuilding activity Demolition activity +44 () 3 6 vesselsvalue.com OFFSHORE VALUES
More informationOPTIMA SHIPBROKERS LTD Sales & Purchase / Dry Cargo Chartering Tanker Chartering / Newbuildings
OPTIMA SHIPBROKERS LTD Sales & Purchase / Dry Cargo Chartering Tanker Chartering / Newbuildings Monday 2th June, 211 Volume 362 Week 25 Sale & Purchase Activity Week 25 SECOND HAND SALES DRY TONNAGE Type
More informationShip operating costs: Current and future trends
Ship operating costs: Current and future trends Richard Greiner, Moore Stephens LLP December 2017 Shipping PRECISE. PROVEN. PERFORMANCE. Overview Introduction to OpCost OpCost 2017 results Future cost
More informationS&P Market Trends during December: Secondhand Newbuilding Demolition
This Week s Overview of Shipping Investments SECONDHAND / DEMOLITION / NEW BUILDING MARKET ANALYSIS Week Ending: 13 th December 2013 (Week 50, Report No: 50/13) (Given in good faith but without guarantee)
More informationShip Recycling: Residual Values. February 23, 2010 Capital Link - Greece
Ship Recycling: Residual Values February 23, 2010 Capital Link - Greece 2010 1 What happened? Only when the tide goes out do you discover who s been swimming naked (Warren Buffett) 2 What was being recycled?
More informationGOLDEN DESTINY MONTHLY NEWBUILDING REPORT
ISSUE NO.04/2013 APRIL 2013 MONTHLY NEWBUILDING REPORT ORDERING ACTIVITY (per vessel type) by Greek and Foreign Owners GOLDEN DESTINY MONTHLY NEWBUILDING REPORT highlights the volume of transactions in
More informationOPTIMA SHIPBROKERS LTD Sales & Purchase / Dry Cargo Chartering Tanker Chartering / Newbuildings
OPTIMA SHIPBROKERS LTD Sales & Purchase / Dry Cargo Chartering Tanker Chartering / Newbuildings Monday 11th October, 21 Volume 326 Week 41 Sale & Purchase Activity Week 41 SECOND HAND SALES DRY TONNAGE
More informationIUMI 2005 Amsterdam Facts & Figures Committee
Report on Marine Insurance Premium 23 and 24 IUMI 25 Amsterdam Facts & Figures Committee Tore Forsmo, Managing Director Astrid Seltmann, Analyst The Central Union of Marine Underwriters, Oslo, Norway Thanks
More informationShip operating costs: Current and future trends
Ship operating costs: Current and future trends International Maritime Statistics Forum Richard Greiner, Moore Stephens LLP April 2013 Shipping PRECISE. PROVEN. PERFORMANCE. Introduction Richard Greiner
More informationOn the entry into force of HKC
On the entry into force of HKC Dr Nikos Mikelis Non-executive Director, GMS IndustriALL Global Union Shipbuilding-shipbreaking Action Group Meeting Rotterdam, 30 October - 1 November 2017 Worldwide ship
More informationMonday, 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
More informationDNV GL in Greece. Ioannis Chiotopoulos, Regional Manager SE Europe, ME & Africa. 04 December 2017 DNV GL. 04 June 2018 SAFER, SMARTER, GREENER
DNV GL in Greece Ioannis Chiotopoulos, Regional Manager SE Europe, ME & Africa 04 December 2017 1 DNV GL 04 June 2018 SAFER, SMARTER, GREENER Owned fleet by nations* (mgt) Millions 0 20 40 60 80 100 120
More informationMONTHLY MARKET OVERVIEW
MONTHLY MARKET OVERVIEW 1 st 28 th February 219 SUMMARY OF CONTENT Value analysis Total second hand S&P activity Newbuilding activity Demolition activity Charter rate analysis +44 () 23 26 5555 vesselsvalue.com
More informationMONTHLY MARKET OVERVIEW
MONTHLY MARKET OVERVIEW 1 st 31 st August 217 SUMMARY OF CONTENT Value analysis Second hand S&P activity Newbuilding activity Demolition activity Charter rate analysis BULKER VALUES THROUGH AUGUST 217
More informationMonday, September 6, Week 36 The Week at a Glance
Monday, September 6, 21 - Week 36 The Week at a Glance "Lesson learned? Guess not." Baltic Dry Indices* Last Fridays Closing Weekly Difference Baltic Dry Index 2876 164 Baltic Cape index 3937 488 Baltic
More informationShip Scrapping - Market Pressures. IMSF Oslo Foteini Kanellopoulou, Senior Analyst 23 May 2012
Ship Scrapping - Market Pressures IMSF Oslo Foteini Kanellopoulou, Senior Analyst 23 May 212 Disclaimer The material and the information contained herein (together, the "Information") are provided by H.
More informationDemand, Supply & Capacity in the Shipbuilding Industry
Demand, Supply & Capacity in the Shipbuilding Industry million dwt Ship completions by region 120 100 80 60 Other Europe Japan Korea China "Europe" includes Russia SOURCE: IHS-Fairplay 40 20 42.3 0 0.4
More informationMonday, August 30, Week 35 The Week at a Glance
Monday, August 3, 21 - Week 35 The Week at a Glance Hunting Season? Vacations season is almost over and decision makers are getting back in to their usual schedules. Let s see whether September will be
More informationHong Kong Convention and Sound Development of the Ship Recycling Industry
IndustriALL Global Union World Conference on Shipbuilding-Shipbreaking Sakebo, Nakagasaki; 10 th November 2014 Hong Kong Convention and Sound Development of the Ship Recycling Industry Shinichiro Otsubo
More information2018 List of all ships scrapped worldwide - Facts and Figures
218 List of all ships scrapped worldwide - Facts and Figures RoW EU 31 Ships scrapped worldwide Turkey 113 China 22 Pakistan Bangladesh 185 India 253 5 1 15 2 25 3 35 RoW EU Turkey China 361.916 72.438
More information2017 List of all ships scrapped worldwide - Facts and Figures
217 List of all ships scrapped worldwide - Facts and Figures RoW EU 27 34 Ships scrapped worldwide Turkey 133 China Pakistan 98 17 Bangladesh 197 India 239 5 1 15 2 25 3 35 RoW 335.84 EU Turkey 65.915
More informationMONTHLY MARKET OVERVIEW
MONTHLY MARKET OVERVIEW 1 st 31 st October 217 SUMMARY OF CONTENT Value analysis Total second hand S&P activity Newbuilding activity Demolition activity Charter rate analysis BULKER VALUES THROUGH OCTOBER
More informationTanker Market Outlook. 12th Mare Forum Ship Finance 2012 Foteini Kanellopoulou, Senior Analyst Amsterdam, 31 October 2012
Tanker Market Outlook 12th Mare Forum Ship Finance 212 Foteini Kanellopoulou, Senior Analyst Amsterdam, 31 October 212 Tanker Market Outlook 12th Mare Forum Ship Finance 212 Disclaimer The material and
More informationMONTHLY MARKET OVERVIEW
MONTHLY MARKET OVERVIEW 1st 31st July 217 SUMMARY OF CONTENT Value analysis Second hand S&P activity Newbuilding activity Demolition activity Charter rate analysis info@ BULKER VALUES THROUGH JULY 217
More informationI The shipping market contents ISL
Comment - Charts and Tables concerning The Shipping Market World Merchant Fleet Tanker Market Bulk Carrier Market Tab. 1 Additions/Reductions by Ship Types 2014-2016 and up to June 2017... III Tab. 2 Size
More informationGreek Shipping : Greece s steaming force
Greek Shipping : Greece s steaming force Dr. Nikolas P. Tsakos President & CEO 1 Tsakos Energy Navigation, Ltd A New York Stock Exchange Listed Company WORLD FLEET by the nationality of owner WORLD FLEET
More information8 th City of London Biennial Meeting November 2016 International Maritime Organisation (IMO), London
8 th City of London Biennial Meeting 17-18 November 2016 International Maritime Organisation (IMO), London Drybulk Shipping in 21 st Century by Hakki Deval (MSc STF 2001) 0 China joins WTO in December
More informationSHIP RECYCLING. Your guide to compliance. Move Forward with Confidence
SHIP RECYCLING Your guide to compliance. Move Forward with Confidence WHY DID THE EU INTRODUCE THE REGULATION? The majority of ships today are demolished in South East Asia, mainly by grounding ships on
More informationDanish Shipping. Facts and Figures. June 2018
Danish Shipping Facts and Figures June 2018 2 Table of Contents 1. Danish Shipping Industry 4 The Danish Merchant Fleet 4 Danish Shipping Exports 6 Employment 8 CEO Survey 10 2. Global Merchant Fleet 12
More informationWeekly Dry Bulk Report
Week 46 -Shipbrokers and consultants since 1919- Weekly Dry Bulk Report Week 22 May 30th 2014 Capesize: Market continues to fall Panamax: BPI-TCA falling 9 per cent from last Friday CAPESIZE The Capesize
More informationThe interface between Shipowner & Cash Buyer and Cash Buyer & Recycling Yard
The interface between Shipowner & Cash Buyer and Cash Buyer & Recycling Yard by Dr Nikos Mikelis Non executive director, GMS, U.A.E. Ship Recycling Workshop Verband Deutscher Reeder Hamburg, 28 October
More informationOPTIMA SHIPBROKERS LTD Sale & Purchase / Demolition / Dry Cargo Chartering Tanker Chartering / Newbuildings / Repairs / Offshore / Projects
OPTIMA SHIPBROKERS LTD Sale & Purchase / Demolition / Dry Cargo Chartering Tanker Chartering / Newbuildings / Repairs / Offshore / Projects Monday 24th September, 2018 Volume 726 Week 39 Sale & Purchase
More informationMONTHLY MARKET OVERVIEW
MONTHLY MARKET OVERVIEW 1 st 31 st July 218 SUMMARY OF CONTENT Value analysis Total second hand S&P activity Newbuilding activity Demolition activity Charter rate analysis BULKER VALUES THROUGH JULY 218
More informationMARKET COMMENTARY YEAR IN REVIEW!
December 26 th, 2014 Volume 148, Issue 652 Week 52 Highlights: Watershed year! Nobody trips over mountains. It is the small pebble that causes you to stumble. Pass all the pebbles in your path and you
More informationMONTHLY MARKET OVERVIEW
MONTHLY MARKET OVERVIEW August SUMMARY OF CONTENT Value analysis Total second hand S&P activity Newbuilding activity Demolition activity Charter rate analysis info@ BULKER VALUES THROUGH AUGUST BULKERS
More informationOPTIMA SHIPBROKERS LTD Sales & Purchase / Dry Cargo Chartering Tanker Chartering / Newbuildings
OPTIMA SHIPBROKERS LTD Sales & Purchase / Dry Cargo Chartering Tanker Chartering / Newbuildings Monday 14th March, 211 Volume 348 Week 11 Sale & Purchase Activity Week 11 SECOND HAND SALES DRY TONNAGE
More informationMONTHLY MARKET OVERVIEW
MONTHLY MARKET OVERVIEW 1st 31st March 217 SUMMARY OF CONTENT Value analysis Second hand S&P activity Newbuilding activity Demolition activity Charter rate analysis info@ BULKER VALUES THROUGH MARCH 217
More informationPetrofin Research Greek fleet statistics
Petrofin Research 2 nd part of Petrofin Research : Greek fleet statistics In this 2 nd part of Petrofin research, the Greek Fleet Statistics, we analyse the composition of the Greek fleet, in terms of
More informationTANKER MARKET CAN A MIRACLE HAPPEN?
TEN Ltd THE TANKER MARKET CAN A MIRACLE HAPPEN? Nikolas P. Tsakos President & CEO, TEN November 19 th, 2008 1 Tanker Freight Rates Remain Healthy Charterer discrimination against single hull tonnage on
More informationMONTHLY MARKET OVERVIEW
MONTHLY MARKET OVERVIEW 1st 31st August 218 SUMMARY OF CONTENT Value analysis Total second hand S&P activity Newbuilding activity Demolition activity Charter rate analysis info@ BULKER VALUES THROUGH AUGUST
More informationWHEN IS THE NEXT SHIPPING BOOM?
WHEN IS THE NEXT SHIPPING BOOM? By Ravi K Mehrotra CBE Executive Chairman Foresight Group, London Samunder Club April & May 2012 Houston and Florida, USA 1 WHEN IS THE NEXT SHIPPING BOOM? I am not a fortune
More informationSHIPPING STATISTICS AND MARKET REVIEW 2016
STATISTICAL PUBLICATIONS SHIPPING STATISTICS AND MARKET REVIEW 2016 Volume 60 - No. 7 Analytical Focus World Merchant Fleet World Tanker Market World Bulk Carrier Market World Container and General Cargo
More information2016 List of all ships scrapped worldwide - Facts and Figures
216 List of all ships scrapped worldwide - Facts and Figures RoW EU 6 22 Ships scrapped worldwide Turkey 92 China 74 Pakistan 141 Bangladesh 222 India 35 5 1 15 2 25 3 35 RoW EU Turkey 53.82 38.839 1.4.335
More informationOPTIMA SHIPBROKERS LTD Sale & Purchase / Demolition / Dry Cargo Chartering Tanker Chartering / Newbuildings / Repairs / Offshore / Projects
OPTIMA SHIPBROKERS LTD Sale & Purchase / Demolition / Dry Cargo Chartering Tanker Chartering / Newbuildings / Repairs / Offshore / Projects Monday 18th June, 2018 Volume 712 Week 25 Sale & Purchase Activity
More informationTURKISH SHIPBUILDING/ RECYCLING INDUSTRIES AND NATIONAL POLICIES SUPPORTING GREENER SHIPPING
MINISTRY OF TRANSPORT MARITIME AFFAIRS AND COMMUNICATIONS TURKISH SHIPBUILDING/ RECYCLING INDUSTRIES AND NATIONAL POLICIES SUPPORTING GREENER SHIPPING OECD WP6 WORKSHOP ON GREEN GROWTH OF MARITIME INDUSTRIES
More informationIMO BENFEITS OF IMPLEMENTING THE HONG KONG
IMO BENFEITS OF IMPLEMENTING THE HONG KONG CONVENTION FOR SHIP RECYCLING CAPT. HESHAM ELSAYED ELSAYAD Marine Lecturer at Maritime Transport & Technology College, Arab Academy for Science, Technology and
More informationOPTIMA SHIPBROKERS LTD Sales & Purchase / Dry Cargo Chartering Tanker Chartering / Newbuildings
OPTIMA SHIPBROKERS LTD Sales & Purchase / Dry Cargo Chartering Tanker Chartering / Newbuildings Monday 18th October, 21 Volume 327 Week 42 Sale & Purchase Activity Week 42 SECOND HAND SALES DRY TONNAGE
More informationS T O R Y REIMAGING ALANG SHIP RECYCLING GROUND REPORT. The Sun Never sets in Alang (A 3 days visit to shipping yards of Alang) BY SHEENA ABRAHAM
COVER S T O R Y REIMAGING ALANG SHIP RECYCLING GROUND REPORT The Sun Never sets in Alang (A 3 days visit to shipping yards of Alang) BY SHEENA ABRAHAM 32 JUNE 2018 STEEL 360 INDIA he picture of Bhavnagar
More informationENDURING EXUBERANCE!
Ali / +N February 17 th, 2017 Volume 174, Issue 762 Week 07 The harder the conflict, the more glorious the triumph. - Thomas Paine Highlights: MARKET COMMENTARY ENDURING EXUBERANCE! Indian steel gains.
More informationMONTHLY MARKET OVERVIEW
MONTHLY MARKET OVERVIEW 1st 3thApril 217 SUMMARY OF CONTENT Value analysis Second hand S&P activity Newbuilding activity Demolition activity Charter rate analysis BULKER VALUES THROUGH APRIL 217 BULKERS
More informationJapanese policy on ship recycling
International Seminar: Towards Sustainable Ship Recycling Session 2: Ship Recycling Policies policies, efforts, ratification of HKC Japanese policy on ship recycling Mr. Mitsuhiko Ida Ministry of Land,
More informationMonday, April 26, Week 17 The Week at a Glance
Baltic Dry Indices* Monday, April 26, 21 - Week 17 The Week at a Glance To the rescue It has been a long week especially for Greece as it has confirmed the financial aid from EU and IMF for 3, billion
More informationWEEKLY SHIPPING MARKET REPORT
WEEKLY SHIPPING MARKET REPORT WEEK 42 (10 rd October to 16 th October 2015) Legal Disclaimer The information contained herein has been obtained by various sources. Although every effort has been made to
More informationMONTHLY MARKET OVERVIEW
MONTHLY MARKET OVERVIEW 1st 3th November 217 SUMMARY OF CONTENT Value analysis Total second hand S&P activity Newbuilding activity Demolition activity Charter rate analysis BULKER VALUES THROUGH NOVEMBER
More informationSHIP RECYCLING CAPACITY DEVELOPMENT. The Ship Recycling International Symposium in Muroran June 15, 2010 Yasuo NAKAJO, Japan Marine Science Inc.
SHIP RECYCLING CAPACITY DEVELOPMENT The Ship Recycling International Symposium in Muroran June 15, 2010 Yasuo NAKAJO, Japan Marine Science Inc. ROLE OF THE SHIP RECYCLING IN THE GLOBAL MARITIME CLASTER
More informationGetting real means accepting BEACHING IS HERE TO STAY. March 2, 2011 Tradewinds Dubai Conference: March
Getting real means accepting BEACHING IS HERE TO STAY March 2, 2011 Tradewinds Dubai Conference: March 2011 1 March 2, 2011 Tradewinds Dubai Conference: March 2011 2 March 2, 2011 Tradewinds Dubai Conference:
More informationWEEKLY MARKET REPORT October 12th, 2012 / Week 41
LY MARKET REPORT October 12th, 212 / Week 41 A huge increase in the panamax market with the BPI gaining just over 45% for the week. Panamax charter rates increased significantly as fixing was strengthened
More informationWEEKLY MARKET REPORT December 5th, 2014 / Week 49
LY MARKET REPORT December 5th, 2014 / Week 49 The freight market continued to soften throughout this week with the BDI concluding at 982 points, down by almost 15%. The index for capesize sector seems
More informationWEEKLY MARKET REPORT January 25th, 2008 / Week 4
WEEKLY MARKET REPORT January 25th, 2008 / Week 4 Few sales to report the dry and wet sectors this week as in both cases the market seems to be adjusting itself currently. ON THE DRY we have noted quite
More informationMonday, July 19, Week 29 The Week at a Glance
Monday, July 19, 21 - Week 29 The Week at a Glance No more bets please We have read that Goldman Sachs has to pay a fine of USD 55 million for the settlement of the well known case. Some players were expecting
More informationMonday, December 12, Week 50 The Week at a Glance
Baltic Dry Indices* Monday, December 12, 211 - Week 5 The Week at a Glance 'China to the rescue?' Last Fridays Closing Weekly Difference Baltic Dry Index 1922 56 Baltic Cape index 3697 288 Baltic Panamax
More informationGREEK CONTROLLED SHIPPING. March An information paper, based on data provided to the GSCC by IHS Markit
GREEK SHIPPING CO-OPERATION COMMITTEE GREEK CONTROLLED SHIPPING March 2017 An information paper, based on data provided to the GSCC by IHS Markit GREEK CONTROLLED FLEET 1988 2017 1 1988 1989 1990 1991
More informationMonday, September 3, Week 36 The Week at a Glance
Monday, September 3, 212 - Week 36 The Week at a Glance Surprise!! Despite rumors that Russia, due to this year s prolonged drought, were out of the export market, they are in fact competing head to head
More informationA Closer Look at the European Owners' Visit to Alang
A Closer Look at the European Owners' Visit to Alang By Wendy Laursen 2016-05-08 19:44:39 At the end of April, European shipowners, government officials from France, Germany and Belgium, and the European
More informationMonday, January 25, Week 4 The Week at a Glance
Monday, January 25, 21 - Week 4 The Week at a Glance Baltic Dry Indices* Last Fridays Closing Weekly Difference A Book s cover We thought of being a little philosophical this week! Well, it s an old saying
More informationCOSCO CORPORATION. (SINGAPORE) LTD FY2003 Full Year Results. Presentation
COSCO CORPORATION (SINGAPORE) LTD FY2003 Full Year Results Presentation 11 February 2004 1 Outline of Presentation 1. Background & Corporate Restructuring Exercise 2. Operations Review 3. Financial Review
More informationOPTIMA SHIPBROKERS LTD Sales & Purchase / Dry Cargo Chartering Tanker Chartering / Newbuildings
OPTIMA - WEEKLY October 3rd, 2008 OPTIMA SHIPBROKERS LTD Sales & Purchase / Dry Cargo Chartering Tanker Chartering / Newbuildings BULK CARRIERS 'Marigold' 46,745tdw Blt 04/82 Korea, Krs M/E Sulzer Cr 3x20t,
More informationWeekly Market Report
Week 46 Tuesday 17th November 29 Weekly Market Report Sale & Purchase Newbuilding Secondhand Demolition Chartering World Economy News Japan announced Monday its best economic growth in more than two years
More informationWEEKLY MARKET REPORT February 13th, 2015 / Week 07
LY MARKET REPORT February 13th, 2015 / Week 07 The only positive note in the depressed freight market is the panamax index which gained 69 points, an increase of approximately 16%. All other indices remain
More informationOPTIMA SHIPBROKERS LTD Sale & Purchase / Demolition / Dry Cargo Chartering Tanker Chartering / Newbuildings / Repairs / Offshore / Projects
OPTIMA SHIPBROKERS LTD Sale & Purchase / Demolition / Dry Cargo Chartering Tanker Chartering / Newbuildings / Repairs / Offshore / Projects Monday 27th March, 2017 Volume 650 Week 13 Sale & Purchase Activity
More informationOPTIMA SHIPBROKERS LTD Sale & Purchase / Demolition / Dry Cargo Chartering Tanker Chartering / Newbuildings / Repairs / Offshore / Projects
OPTIMA SHIPBROKERS LTD Sale & Purchase / Demolition / Dry Cargo Chartering Tanker Chartering / Newbuildings / Repairs / Offshore / Projects Monday 26th November, 2018 Volume 735 Week 48 Sale & Purchase
More informationWEEKLY MARKET REPORT September 27th, 2013 / Week 39
LY MARKET REPORT September 27th, 2013 / Week 39 During the last two days of the week the BCI made a u-turn eroding all of the gains made until Wednesday and ended the week 51 points in the red. The momentum
More informationOPTIMA SHIPBROKERS LTD Sales & Purchase / Dry Cargo Chartering Tanker Chartering / Newbuildings
OPTIMA - WEEKLY January 11th, 2008 WEEKLY REPORT OPTIMA SHIPBROKERS LTD Sales & Purchase / Dry Cargo Chartering Tanker Chartering / Newbuildings BULK CARRIERS 'Golden Sentosa' 170,500tdw Blt 08/08 Daehan,
More informationFinal Results 31 December 2013
Final Results 31 December 2013 Clarkson PLC 10 March 2014 www.clarksons.com Agenda Headline results Divisional performance Business Model & Strategy The market Outlook 10 March 2014 Final Results www.clarksons.com
More informationFONASBA ANNUAL MEETING. The containership market. Centro de Navegación n (Argentina)
FONASBA ANNUAL MEETING The containership market Centro de Navegación n (Argentina) Eng.. Rodolfo García a Piñeiro Lima, October 2013 Overview 2012 (general) 2012 not a year to remember in the shipping
More informationMONTHLY MARKET OVERVIEW
MONTHLY MARKET OVERVIEW 1st 3th June 217 SUMMARY OF CONTENT Value analysis Second hand S&P activity Newbuilding activity Demolition activity Charter rate analysis BULKER VALUES THROUGH JUNE 217 BULKERS
More informationPETROFIN RESEARCH Greek shipping companies January 2018 based on data as of December 2017
1 2017 RESEARCH AND ANALYSIS: GREEK SHIPPING COMPANIES 1ST PART OF 2017 PETROFIN RESEARCH Petrofin Research are pleased to announce the release of the first part of their 2017 Greek Shipping research.
More informationGULF MARITIME SHIPBROKERS & CONSULTANTS K U W A I T beyond shipbrokers
GULF MARITIME SHIPBROKERS & CONSULTANTS K U W A I T beyond shipbrokers First Licensed Shipbroker in Kuwait 13 May 212 Dry Cargo Weekly Market Report Department Phone email General Info +965 2259 8822 general@gulf-maritime.com
More informationThe Recycling of Ships. by Dr. Nikos Mikelis
The Recycling of Ships by Dr. Nikos Mikelis April 2018 The copyright of this booklet is with the author, Dr. Nikos Mikelis. This material will form a part of the upcoming book on The future of the ship
More informationOPTIMA SHIPBROKERS LTD Sale & Purchase / Demolition / Dry Cargo Chartering Tanker Chartering / Newbuildings / Repairs / Offshore / Projects
OPTIMA SHIPBROKERS LTD Sale & Purchase / Demolition / Dry Cargo Chartering Tanker Chartering / Newbuildings / Repairs / Offshore / Projects Monday 17th February, 2014 Volume 497 Week 7 Sale & Purchase
More informationOPTIMA SHIPBROKERS LTD Sales & Purchase / Dry Cargo Chartering Tanker Chartering / Newbuildings
OPTIMA SHIPBROKERS LTD Sales & Prchase / Dry Cargo Chartering Tanker Chartering / Newbildings Monday 27th September, 21 Volme 324 Week 39 Sale & Prchase Activity Week 39 SECOND HAND SALES DRY TONNAGE Vessel
More informationGREEK CONTROLLED SHIPPING. March An information paper, based on data provided to the GSCC by IHS Markit
GREEK SHIPPING CO-OPERATION COMMITTEE GREEK CONTROLLED SHIPPING March 2018 An information paper, based on data provided to the GSCC by IHS Markit GREEK CONTROLLED FLEET 1988 2018 1 1988 1989 1990 1991
More informationWeekly Dry Bulk Report
Week 36 -Shipbrokers and consultants since 1919- Weekly Dry Bulk Report Week 22 May 3th 214 HIGHLIGHTS Capesize: Generally lower rates this week Supramax/Handymax: Continued improved market for both segments
More informationMONTHLY MARKET OVERVIEW
MONTHLY MARKET OVERVIEW 1st 31st May 217 SUMMARY OF CONTENT Value analysis Second hand S&P activity Newbuilding activity Demolition activity Charter rate analysis BULKER VALUES THROUGH MAY 217 BULKERS
More informationNILIMAR Ships Sale & Purchase MARKET REPORT WEEK 34 BASED ON SALES AND PURCHASES OF VESSELS WEEK ENDED FRIDAY 26 th AUGUST 2011.
MARKET REPORT WEEK 34 BASED ON SALES AND PURCHASES OF VESSELS WEEK ENDED FRIDAY 26 th AUGUST 2011. Whilst world financial markets continue to concern, and the gold price continues to rise (being seen as
More information