NILIMAR Ships Sale & Purchase

Transcription

1 MARKET REPORT WEEK 15 BASED ON SALES AND PURCHASES OF VESSELS WEEK ENDED FRIDAY 11 TH APRIL The drycargo freight market slide continued last week with Capes again leading the way via a further -22.5% w-o-w fall to add to its -10% the week before and a collective 56% drop since the beginning of this year (even though it rallied by 22% and 42% in weeks 9 and 10 respectively). The really worrying aspect though is that there are excess 330 capesize vessels on order to be delivered in the period , against only 99 vessels currently afloat over dwt that will be 20 years or more old by So at best, the cape fleet can expect to add over 200 more vessels in the next 3 years... The BPI lost -5% last week as did the BSI at -7.5% and the BHSI by -7%, all contributing to a BDI w-o-w decline of -17%. We make no apology for constantly mentioning the volumes of newbuildings on order as we fear greatly for the near to medium term future of our industry as the order books have grown against no projections of a speedy world economic recovery. Between Jan 2014 and end 2017 the following minimum numbers of drycargo newbuildings are scheduled for delivery: capes 330, panamax / kamsarmax/post panamax: 325, Supramax 720, Handysize 450. We worry that such huge dwt volumes being delivered into the marketplace can only have a negative effect. The above bulker newbuilding volume is causing would be buyers (many of them being corporate or private investors looking for a 'buy into shipping' at what they perceive to be the 'bottom of a shipping market cycle') to now turn their attention to the wet markets where the ordering has so far been far more subdued, except for MR's. So far the numbers of tankers on order to be delivered in the same period are UL/VLCC's: 88, Suezmax: 36, Aframax: 111, Panamax: 34, MR's 345. We hope that the much higher liabilities associated with operating tankers keep the speculators away. The 'antidote' to the order books is of course the demolition markets and whilst it is pleasing to note that the sub-continent continues to offer strong rates in the mid / high $400's, it seems not enough vessels are currently going that route. Maybe we will see a surge in recycling sales soon urged by the diminishing returns from the freight markets and because the monsoon season will soon be upon us when the breakers tend to go bearish. 1

2 VESSEL S NAME NILIMAR Ships Sale & Purchase TANKERS DH VENTURE SPIRIT 298,330 06/2003 UNIVERSAL, DH 43.50M GREEK (NAVIOS) ATLAS VALOR 107,181 03/1999 KOYO MIHARA, JAG LAXMI 105,051 02/1999 SAMSUNG, KOREA DH 13.10M BUNGA BALSAM 45,612 09/2010 SLS, KOREA DH 35.50M BUNGA BAKAWALI 45,553 03/2010 SLS, KOREA DH 35.50M BUNGA BEGONIA 45,479 04/2011 SLS, KOREA DH 35.50M BUNGA BANYAN 45,444 01/2011 SLS, KOREA DH 35.50M LADY ARTEMIS 19,950 03/1987 BUNGA KANTAN SATU BUNGA KANTAN DUA BUNGA KANTAN TIGA KASADO KUDAMATSU, 19,774 03/2005 FUKUOKA, DH 20.30M 19,766 06/2005 FUKUOKA, DH 20.30M 19,734 09/2005 FUKUOKA, DH 20.30M DH 13.10M GREEK (TSAKOS) INDONESIAN (WARUNA) UAE BASED (UACC) DH 4.25M DUBAI BASED CHINESE (SINOCHEM) DUMLUPINAR 11,259 11/2008 DEARSAN, TURKEY DH 14.00M NORWEGIAN ENBLOC ENBLOC ESHIPS PRELUDE 8,508 03/2003 SASAKI, DH 7.70M FAR EASTERN ENBLOC ESHIPS QUEST 8,501 09/2003 SASAKI, DH 7.70M ORARIKKE 6,886 09/2008 ORAROSE 6,450 12/2008 RONGCHENG, RONGCHENG, DH 5.10M BELGIAN ENBLOC DH 5.10M VESSEL S NAME HELLAS NAUTILUS 54,999 04/2003 HYUNDAI HEAVY, KOREA GAS CBM 82, M CHINESE VLGC 2

3 BALTIC TANKER INDICES BDTI13 BCTI13 BDTI14 BCTI Week 3

4 VESSEL S NAME NILIMAR Ships Sale & Purchase BULKERS GEAR SHIN SURUGA 176,391 06/2002 NKK TSU, M RESALE 64, RESALE 64, RESALE 64, RESALE 64, PACIFIC IRMA 58,092 02/2010 TANAGER BULKER 57,991 05/2011 TESS BULKER 57,991 02/2011 JING YANG 47,685 06/2012 ALAM MESRA 46,446 10/2000 TAIZHOU PIONEER 32,453 09/2011 SUPER CHALLENGE 28,581 11/1996 VOYAGER K 26,591 08/1985 MARINE, MARINE, MARINE, MARINE, TSUNEISHI CEBU, PHILIPPINES TSUNEISHI CEBU, PHILIPPINES TSUNEISHEI CEBU, PHILIPPINES FUJIAN GUANHAI, MITSUI TAMANO, TAIZHOU MAPLE, TSUNEISHI NUMAKUMA, HAKODATE, EUROPEAN INVESTORS (CARVAL) CR 4X30T 29.00M GERMAN ENBLOC CR 4X30T 29.00M CR 4X30T 29.00M CR 4X30T 29.00M CR 4X30T 27.50M UNDISCLOSED CR 4X30T 29.30M CR 4X30T 29.30M TAWANESE (FIRST STEAMSHIP) CR 4X30T 17.00M CHINESE CR 4X30T 14.50M BANGLADESHI CR 4X30.5T 16.50M DANISH (ID SHIPPING) CR 4X30.5T 8.50M KOREAN CR 4X30.4T 3.50M TURKISH ENBLOC FINANCE ATTACHED BALTIC DRY INDICES 2014 BDI 13 BCI 13 BPI 13 BSI 13 BHSI 13 BDI 14 BCI 14 BPI 14 BSI 14 BHSI 14 Week 4

5 VESSEL S NAME INDICATIVE REPORTED FIXTURES RATE CHARTERERS DURATION NAVIOS AZIMUTH ,619 25,000$/DAY PONTOTRITON ,974 25,000$/DAY CHANNEL ALLIANCE ,978 20,000$/DAY AQUAGRACE ,105 24,000$/DAY ABY JENNETTE ,000 12,000$/DAY OLDENDORFF SWISSMARINE CARGILL EDF TRADING BUNGE 4/6 MONTHS 11/13 MONTHS 3/5 MONTHS 11/14 MONTHS 3/5 MONTHS BALTIC DRY INDICES BDI BCI BPI BSI BHSI PREVIOUS WEEK CURRENT WEEK / VESSEL S NAME TWEEN / MPP / GENERAL CARGO GEAR VESSEL S NAME SAWASDEE JAKARTA 20,072 04/1996 ILONA 11,116 12/1996 CONTAINER GEAR TEU THYSSEN, GERMANY QINGSHAN, CR 1X40T CR 1X36T CR 1X10T 1, M UNDISCLOSED CR 2X35T M UNDISCLOSED VESSEL S NAME REEF REEF. CAP/TY GEAR VESSEL S NAME PCC/ RORO / PASS CARS /LM PAX 5

6 DEMOLITION INDIA TYPE VESSEL S NAME LDT BULK AASHMAN 24, , INCL 400MT ROB BULK ACJ PRIDE 21, , CONT COMMODORE 61, , INCL 80T PROPELLER RORO CITY OF NORDIC 5, , DEMOLITION PAKISTAN TYPE VESSEL S NAME LDT DEMOLITION BANGLADESH TYPE VESSEL S NAME LDT TANK BPP6 11, BULK FIRST KASIH 52, , DEMOLITION TYPE VESSEL S NAME LDT DEMOLITION TURKEY TYPE VESSEL S NAME LDT DEMOLITION MISC TYPE VESSEL S NAME LDT TANK KAPPA 96, , AS IS FUJAIRAH, INCL BUNKERS, FINAL DESTINATION UNKNOWN 6

7 NEWBUILDINGS TYPE SIZE DELY UNITS OPT. TANK 160, HYUNDAI HEAVY 68.00M ARCADIA 4 2 TANK 50, HYUNDAI MIPO 33.00M SINOKOR MERCHANT TANK 50, SUNGDONG 34.50M BREAKWATER CAPITAL 4 TANK 24, NANTONG MINGDE 39.50M CELSIUS BULK 180, QINGDAO BEIHAI 55.00M FOREMOST MARITIME 2 BULK 63, IMABARI SEALINK NAVIGATION 2 BULK 64,000 NANTONG MINGDE HONG KONG BASED BULK 60,000 Q OSHIMA SHIPBUILDING 29.10M JINHUI SHIPPING 1 BULK 38, HUA TAI H.I M MARINE CAPITAL 3 CONT 2,500TEU Q Q ZHEJIANG OUHUA ARKAS DENIZCILIK 2 2 CONT 9,162TEU 2016 DAEWOO MANGALIA 80.00M CAPITAL MARINE 1 PASS 45-MTRS 2015 AUSTAL 28.00M ADNOC 2 ` MARKET RATES PREVIOUS WEEK CURRENT WEEK + / - BRENT GBP USD USD K WON USD YEN EURO USD 106,15 1, ,61 103,940 1, ,46 1,31 1,6785 0, ,49 101,940-19,12-2,00 1,3887 0,02 7