NILIMAR Ships Sale & Purchase MARKET REPORT WEEK 13

Transcription

1 MARKET REPORT WEEK 13 BASED ON SALES AND PURCHASES OF VESSELS WEEK ENDED FRIDAY 30 th March The BDI ended on Friday up by +3.5% w-o-w, reflecting the fact that each sector ended the same week just in positive territory, i.e. BCI +2%, BPI +2.4%. BSI +0.6%, and BHSI +4.03%. Although we can therefore report a mildly positive week we don't believe it to be a trend and indeed would expect to probably see a drop off in cargoes / trading as the Catholic and then one week later the Orthodox Easter holidays take effect from the end of this week. Whilst there are currently a number of 'reported' large shipping companies with finance problems (e.g. Sanko, Genmar, Torm etc) we strongly suspect there are a great deal more privately held companies currently in similar difficulties and so behind the scenes negotiating hard with their financiers, charterers, shipyards etc in order to try and stay financially 'above water'. Frustratingly though, whilst there are clearly plenty of would be wet and dry cargo buyers at current market price levels the banks are in most instances unwilling or unable to lend on such purchases because ironically they lent money to those companies now facing financial ruin when they should have known better and 'shut up shop' when it was obvious to most that prices in the era were simply unsustainably high and too many newbuildings were being ordered.. The demolition markets continue to buy and although on face value the levels on offer from both the sub continent and China appear maintained, this does not tell all the story because in the sub cont the recently dominant buyer India is weakening slightly due to the end of its financial year, a fall in steel prices and weakness of the Rupee against the Dollar, whilst meantime we are seeing a number of Bangladesh buyers make a welcome return to the market who appear to now be willing and able to cope with the latest eco formalities and therefore increased waiting time etc forced upon them in order to buy in demolition units. China meantime has maintained or maybe even slightly increased its offered levels in order to compete with Bangladesh and to ensure it maintains its attractiveness to sellers whose vessels are positioned in the Far East. 1

2 NILIMAR Ships Sale & Purchase TANKERS HULL PACIFIC AMBER 46,878 08/1993 HALLA, S.KOREA DH 7.25M NIGERIAN PACIFIC PEARL 46,850 03/1994 HALLA, S.KOREA DH 7.25M NIGERIAN PACIFIC JADE 46,801 02/1994 HALLA, S.KOREA DH 7.25M NIGERIAN MARCELA LADY 46,683 06/ MAJ, CHILIAN DH 21.50M CROATIA (SONOMAR) SC CHELSIA 26,707 11/2000 FICANTIERI, TUNISIAN DH 12.00M ITALY (GABES) NUR QAMARINA 7,119 06/2009 CHINA DH 6.00M MALAYSIAN TRANSPACIFIC 5,500 04/2001 CELIKTEKNE, TURKEY DH 6.50M UNDISCLOSED ELEOUSA TUZLA, 4,509 03/2000 TRIKOUKIOTISA TURKEY SUB WINNING A CHARTER TENDER VIA AUCTION DH 3.40M UNDISCLOSED VIA AUCTION COMBO GEAR / PUMPS GAS CBM 2

3 BALTIC TANKER INDICES Week BDTI 11 BCTI 11 BDTI 12 BCTI 12 3

4 NILIMAR Ships Sale & Purchase VOGESAILOR 164,188 11/1996 AMALIA 75,100 01/2000 ENERGY PROMETHEUS 74,083 03/1998 SILVER MEI 68,676 06/1989 FOREST PRINCESS 51,152 11/1998 SALVIA 48,265 01/2000 FEYZA 47,882 02/1984 DIAMOND GLORY 28,515 08/1997 ALAM SENANG 27,654 03/1984 BULKERS AESA, SPAIN HITACHI, IMABARI, SASEBO, HITACHI, OSHIMA, NAMURA, TSUNEISHI, HITACHI, GEAR M GREEK M M GREEK (ALEXANDRIA SHIPPING) GREEK (CYPRUS MARITIME) M CHINESE CR3x14.5T 8.40M CHINESE CR4x25T 14.50M UNDISCLOSED CR3x25T 3.80M UNDISCLOSED CR4x30T 8.60M SYRIAN CR4x25T 3.00M MIDDLE EASTERN 4

5 4000 BALTIC DRY INDICES BDI 11 BCI 11 BPI 11 BSI 11 BHSI 11 BDI 12 BCI 12 BPI 12 BSI 12 BHSI 12 Week 5

6 NILIMAR Ships Sale & Purchase INDICATIVE REPORTED FIXTURES RATE CHARTERERS DURATION SUCCESSOR , $/D CLASSIC MARITIME 8/12 MONTHS UMBERTO D AMATO , $/D NORDEN 12 MONTHS STAR BREEZE , $/D BAHRI 18/24 MONTHS PRABHU SKAKTI , $/D CNR 4/6 MONTHS ROSCO BANYAN , $/D BEIBU 4/6 MONTHS ROSALIA D AMATO , $/D CNR 4/6 MONTHS NIKOLAOS A , $/D CARGILL 4/6 MONTHS CHANG SHAN HAI , $/D SUNTIME 3/5 MONTHS RM DYNASTY , $/D CNR 5/7 MONTHS BALTIC DRY INDICES BDI BCI BPI BSI BHSI PREVIOUS WEEK CURRENT WEEK + /

7 TWEEN / MPP / GENERAL CARGO GEAR PARADIP 45,696 08/1992 CONTAINER GEAR TEU THYSSEN, GERMANY GLESS M CHINESE (CHINA SHIPPING) REEF REEF. CAP/TY GEAR PCC/ RORO / PASS CARS/ LM PAX COMMENT 7

8 NAVAJO SPIRIT TYPE NILIMAR Ships Sale & Purchase DEMOLITION INDIA TANK 111, , AKARITA TANK 107, , OLD SALE / MID MARCH NORTHERN BELL BONNIE SMITHWICK TANK 83, , AS IS COLOMBO COMBO 83, , AS IS COLOMBO LUCKY STAR BULK 65, , ALEX D BULK 52, , SINGA BULK 41, , MSC HANNE CONT 40, , AL MIRQAB CONT 35, , AS IS KHOR FAKAN, INCL FUEL ACX HIBISCUS CONT 24, , MSC HINA CONT 21, , VEGALAND RORO 12, , OLD SALE / MID MARCH X PRESS TOWER TAURAGA STAR CONT 14, , REEF 10, , AS IS FUJAIRAH INCL ROB s AND 233T ALUMINUM ON BOARD REF STAR REEF 9, , HUDSON BAY REEF 8, , FULL SPARES PAQUITA TWEEN 8, , DEMOLITION PAKISTAN TYPE SEACREST TANK 154, , AS IS SPORE INCL 470T ROB s SEA WAVE TANK 154, , AS IS FUJAIRAH INCL 150T ROB s AMBERJACK TANK 84, , DEMOLITION BANGLADESH TYPE MARINA BAY CONT 34, , NEWLEAD VENETICO TYPE DEMOLITION CHINA BULK 134, ,

9 DEMOLITION TURKEY TYPE LNG ELBA LNG 25, , FIORUCCI TEST LNG 25, M - MIRAGE I RORO 1, , GOODWILL CONT 5, , SCOTIA PRINCE TYPE DEMOLITION MISC RORO 1, , AS IS COLOMBO TYPE DELY NEWBUILDINGS BULK 76, JIANGNAN 29.00M DIANA SHIPPING 2 UNITS BULK 58, SAMJIN 30 ASIA PACIFIC 2 UNITS CONT 2,200 TEU 2014 GUANGZHOU P+C LOMAR 2+4 OPTION LPG 38,000 CUM 2014 HYUNDAI P+C EXMAR 8 UNITS LPG 8,500 CUM 2015 STX BUSAN P+C BRAVE MARITIME 2 UNITS LPG 5,500 CUM 2014 STX BUSAN 19.80M BRAVE MARITIME 2+2 OPTION MARKET RATES BRENT GBP USD USD K WON USD YEN EURO USD PREVIOUS WEEK , CURRENT WEEK + / ,