NILIMAR Ships Sale & Purchase

Transcription

1 MARKET REPORT WEEK 37 BASED ON SALES AND PURCHASES OF VESSELS WEEK ENDED FRIDAY 12 TH SEPTEMBER The BDI has now enjoyed 7 weeks of overall improvement albeit not collectively but mainly attributed to a firm capsize market (BDI +2.25% w-o-w, BCI +2.54% w-o-w). So far well performing Panamax, faced a severe correction -6% w-o-w with Supra being almost stable +0.9% w-o-w. We are more skeptical for the Handy market, historically it is the most stable market, but during 2014 has a very poor performance. This week alone Handy lost considerable gains made the previous week and finally dropped by -4.7%. We are convinced that a 4 th quarter will be stronger compared to 2 nd and 3 rd quarter 2014, but we keep our reservations as its duration and dynamic. On the S+P front, buying interest is available for almost all type of tonnage and sales are concluded when Sellers are really ready to phase the current market. A relative slow down on activity may partially be attributed to the Asian holidays. As usual for the last couple of years, US Funds are still active, especially for large and distressed shipping deals. With the current financial environment we will not be surprised to see much more tonnage (both individually as well as collectively) being offered for sale from the Banks. In case that happens, the effect on prices would largely depend on the freight market. For the time being, in the bulk sector the rate of decline in values is slowing whereas in the tanker sector prices are stable with a slight increase for popular tonnage (Aframax or MR) due to competition. Demolition market remains slow albeit few sales reported at high prices. Bangladesh scrap yards look more active, given shortage of tonnage recently committed. Pakistan Buyers though are more willing to pay more competitive prices, especially for large tonnage of interest, albeit demand for new tonnage may soon elapse. Indian prices remain volatile but optimism has return that a further improvement could be on the way. Finally, Chinese scrap yards remain quiet, mainly due to the upcoming holidays season. 1

2 NILIMAR Ships Sale & Purchase BW NYSA 299,543 01/2000 TANKERS DAEWOO HEAVY, KOREA DH DH 30.00M GREEK SC LAURA 109,325 08/2001 DALIAN NEW, CHINA DH 14.00M UNDISCLOSED SONG LIN WAN 105,965 11/2002 NAMURA IMARI, JAPAN DH 19.20M UK BASED (ZODIAC) DL IRIS 99,999 10/1998 DALIAN NEW, CHINA DH 10.30M INDONESIAN MOONLIGHT VENTURE 61,204 01/2006 SUMITOMO, JAPAN DH 22.20M GREEK ST NIKOLAI 47,297 04/2005 ONOMICHI, JAPAN DH 17.70M UNDISCLOSED PORT UNION 46,256 01/2003 STX, KOREA DH 14.80M PORT SAID 46,211 03/2003 STX, KOREA DH 14.80M PORT STANLEY 46,157 02/2003 STX, KOREA DH 14.80M PORT MOODY 46,136 10/2002 STX, KOREA DH 13.50M PORT STEWART 38,875 06/2003 GUANGZHOU, CHINA DH 12.00M PORT RUSSEL 37,808 09/2002 GUANGZHOU, CHINA DH 10.70M PORT LOUIS 37,791 04/2002 GUANGZHOU, CHINA DH 10.70M HIGH NEFELI 46,135 03/2003 STX, KOREA DH 15.00M USA BASED (APOLLO FUND) GREEK (BENETECH) SIPEA 37,32 01/2007 STX, KOREA DH 18.20M UNDISCLOSED LR2 ENBLOC (7 BULKS + 7 TANKS) CLIPPER LEGACY 10,098 02/2005 IMICI, TURKEY DH 14.50M NIGERIAN ENBLOC CLIPPER LANCER 9,971 11/2006 IMICI, TURKEY DH ALFATEM 6,753 06/2000 DEARSAN, TURKEY DH 4.50M NIGERIAN LAID UP GAS CBM BALTIC TANKER INDICES BDTI13 BCTI13 BDTI14 BCTI14 Week 2

3 NILIMAR Ships Sale & Purchase BULKERS GEAR C PHOENIX 176,000 01/2012 NANTONG, CHINA GLESS 40.00M SWISS (BUNGE) SINOKOR PIONEER 69,045 04/1995 SUMITOMO, JAPAN GLESS 5.90M CHINESE PORT ELISABETH 55,701 11/2009 MITSUI TAMANO, JAPAN CR 4X30T 21.80M USA BASED (APOLLO FUND) PORT MAUBERT 53,828 03/2008 CHENGXI, CHINA CR 4X36T 16.20M PORT MENIER 53,807 10/2007 CHENGXI, CHINA CR 4X36T 15.50M PORT NELSON 53,553 02/2001 IMABARI, JAPAN CR 4X30T 14.00M PORT KELANG 53,542 11/2008 IWAGI, JAPAN CR 4X30T 20.40M PORT MOUTON 53,308 12/2005 NEW CENTURY, CHINA CR 4X36T 13.00M PORT NEW CENTURY, 53,260 11/2005 MELBOURNE CHINA CR 4X36T 12.30M HAPPY SUCCESS 42,203 03/1991 OSHIMA, JAPAN CR 4X25T 5.90M MIDDLE EASTERN LADY ANTHULA H 20,738 05/1999 KEPPEL HITACHI, SINGAPORE CR 3X36T 4.50M TURKISH ENBLOC (7BULKS+ 7TANKS) 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 3

4 INDICATIVE REPORTED FIXTURES VESSEL S NAME RATE MINERAL DRAGON ,062 24,000$/DAY GOLDEN FENG , ,000BCI 4 T/C AVERAGE + 3% BOTTIGLIERI CHALLENGER ,352 10,500$/DAY MBA FUTURE ,191 10,000$/DAY C HANG HO ,416 9,000$/DAY THOR ,838 15,000$/DAY SHIDAI ,422 9,500$/DAY DIONE ,172 9,250$/DAY PETER S ,550 8,500$/DAY CAPTAIN ANDREADIS ,760 10,000$/DAY DENSA C OUGAR ,592 10,500$/DAY LUNITA ,572 11,750$/DAY HEILAN AROMA ,878 13,500$/DAY JIAN QIANG ,807 12,000$/DAY ARION SB ,916 9,750$/DAY CHARTERERS PHAETHON QUADROLINK C NR PHAETHON C NR MOSVOLD SUC C ESS YIELD RWE POLARIS OLDENDORFF OLDENDORFF C NR ULTRABULK XO SHIPPING SIVA BULK DURATION 5/7 MONTHS 1 6/9 MONTHS 13/17 MONTHS 3/5 MONTHS 3/5 MONTHS 5/7 MONTHS BALTIC DRY INDICES PREVIOUS WEEK CURRENT WEEK + / - BDI BCI BPI BSI BHSI TWEEN / MPP / GENERAL CARGO GEAR GW BEYCHEVELLE 7,650 08/2009 HUANGHAI, CHINA CR 2X40T 4.50M CHINESE CONTAINER GEAR TEU YM SHANGHAI 49,200 12/1997 DAEWOO, KOREA GLESS 3, M SPIRIT OF LUCK 33,843 03/1999 HELENE RUSS 23,043 09/1996 OLIVIA 20,416 06/1995 NOVIA 20,100 05/1995 KVAERNER, SZCZECINSKA, POLAND KVAERNER, KVAERNER, CHINESE (ZHONGGU) CR 3X45T 2, M UNDISCLOSED CR 3X40T 1, M UNDISCLOSED CR 3X45T 1, M CR 3X45T 1, M SINGAPOREAN (CONTINENTAL) ENBLOC CELEBRITY CENTURY 7,260 11/1995 PCC/ RORO / PASS MEYER, CARS /LM PAX - 2, M CTRP INTERNATIONAL 4

5 TYPE DEMOLITION INDIA LDT CONT MELINA 61, , INCL 71T NONFERROUS PROPELLER INCL 250T BUNKERS ROB ASIS SINGAPORE FOR INDIA CONT TANGIER 21, , ENBLOC CONT TARRAGONA 21, , AS IS FUJAIRAH DEMOLITION PAKISTAN TYPE LDT DEMOLITION BANGLADESH TYPE LDT BULK APJ SURYAVIR 71, , BULK ADRIATIC PEARL 38, , BULK ENARXIS 28, , BULK S ACE 8, , TWEEN JENWIN II 4, , DEMOLITION CHINA TYPE LDT DEMOLITION TURKEY TYPE LDT DEMOLITION MISC TYPE LDT BULK LUCKY EVER 24, , AS IS SINGAPORE FOR BANGLADESH 5

6 NEWBUILDINGS TYPE SIZE DELY UNITS OPT. TANK 158, SUNGDONG 66.30M BREAKWATER CAPITAL 2 TANK 49, STX SHIPBUILDING 40.00M SCORPIO 4 4 TANK 1, KOA SANGYO SHINSEI KAIUN 1 TANK 1, KOA SANGYO GENKAI KISEN 1 LNG 170,000CBM 2017 HYUNDAI HEAVY M HYPROC(ALGERIA) 3 BULK 63, IMABARI EMPROS LINES 2 BULK 34, HAKODATE CHOWGULE 2 CONT 14,000TEU 2018 IMABARI K LINE 5 MPP 64, OSHIMA SHIPBUILDING 36.00M IMC INDUSTRIAL 4 MARKET RATES BRENT GBP USD USD K WON USD YEN EURO USD PREVIOUS WEEK 101,83 1, ,41 105,240 1,2948 ` CURRENT WEEK 96,42 1, ,98 107,290 + / - -5,41 0,00 12,57 2,05 1,2939 0,00 6