MARKET REPORT WEEK 18

Transcription

1 MARKET REPORT WEEK 18 BASED ON SALES AND PURCHASES OF VESSELS WEEK ENDED FRIDAY 6 th MAY 2011 Apart from the BPI which ended last week trading 22% higher, the other sectors all ended the week +orless than 1% w-o-w, meaning that it was on the back of the panamaxes alone the BDI improved 5.5% w-ow. None of this enables us to make any logical predictions for the freight market going forward, except to say that with more and more newbuilding vessels delivering, it doesn't look very encouraging... Additionally, besides the sheer numbers of vessels delivering from yards, their relative deadweights are also increasing, to such an extent that we understand there are ongoing discussions about revising upwards the standard tonnage sizes on the BCI and BPI Indices. The only slight bright spot currently affecting the freight market is that crude oil prices are falling which should help bunker prices to fall making voyage business more attractive, though charterer's will likely be quick to reduced rates offered to reflect same. On the S+P markets, though overall brokers report slow business, there is actually quite a steady stream of sales being concluded. Whilst bulker sales are mainly to Far Eastern buyers (especially Chinese) there are still a few Greeks dealing + Syrian buyers have again been active lately. The number of tanker sales has increased quite a lot lately but we believe many of these deals are being instigated by banks / financiers whether via normal market sales or via the courts, and whilst, so far, the eventual sales are not at really distressed levels there are a number of cash rich parties who are willing and able to buy now and wait for better times. The newbuilding shipyards in Asia continue to conclude contracts but the emphasis is now concentrated on the most fuel efficient design container vessels of over 8,000 TEU, offshore rigs and support vessels and other specialized units eg LNG. Thankfully it seems that contracting in the bulk and tanker sectors is now at a much lower ebb and there remains plenty of 'newbuilding resales' available for prompt delivery from Chinese yards - mainly of various designs of Supramaxes and Handies. The demolition market in the Indian sub-continent remains firm with levels on offer mainly above $500 for conventional / standard tonnage.

2 EAGLE HOPE 73,965 02/2008 CYRUS 40,258 01/1995 GOLDEN VENUS 19,887 12/2004 UCT ESPEN 8,674 01/2005 UCT ELLIS 8,657 08/2005 UCT ENGLE 8,643 04/2005 UCT EVERAD 8,571 05/2004 UCT ELIZABETH 8,563 02/2004 UCT ELWOOD 8,544 05/2005 MULTITANK BATAVIA 5,850 06/1998 ONOMICHI, ULJANIK, CROATIA USUKI, INP, INP, INP, SASAKI, SASAKI, SASAKI, VIANA, PORTUGAL TANKERS HULL 39.00M USA (SCORPIO) DB 7.00M NORWEGIAN 24.50M DUTCH (ACE TANKERS) 4.63M NORWEGIANS AUCTION EN BLOC COMBO GEAR / PUMPS - NO SALES REPORTED THIS WEEK - GLOBAL EXPRESS NO 2 4,252 09/1996 TAYGETE STAR 3,811 02/2007 GRACE CORAL 3,706 06/1994 PERNAS BUTANE 2,213 01/1992 NEW SEABORN 1,808 11/1980 HONDA, MADENCI, TURKEY KURINOURA, SHIN KURUSHIMA, KOCHI, GAS CBM 3, M 3,227 FAR EASTERN (SAEHAN) ITALIAN (LUMASHIP SRL) LPG LPG 2, M UNDISCLOSED LPG 2, M UNDISCLOSED LPG 2, M UKRAINIANS LPG

3 2500 BALTIC TANKER INDICES BDTI 10 BCTI 10 BDTI 11 BCTI Week

4 BULKERS GEAR CAPE AGAMEMNON 179,221 07/2010 CAPESIZE / VLOC SUNGDONG, M GREEK INCL TC ATTACHED TP COSCO FOR 9 YRS RBD CARLO GUALDI 82,100 08/2011 GEOSAND 74,432 11/2005 CHIOS JOY 68,762 07/1989 M P PANAMAX 1 60,973 06/1981 PANAMAX / POST-PANAMAX TSUNEISHI, HUDONG, CHINA HYUNDAI, HITACHI, GLESS 42.00M GREEK GLESS 31.40M GREEK (GLOBUS MARITIME) CR4x25T 14.00M CHINESE CR4x25T 7.00M F EASTERN SHANGHAI VENTURE 53, /2007 SEA WIND I 41,635 04/1985 SEA MILD 38,888 12/1985 HOT STAR 36,941 09/1983 ORIENT BULKER 32,776 06/2005 SPAR GARNET 30,686 01/1985 ZENITH EXPLORER 28,343 08/2008 VENUS 27,036 05/1981 SUSANGO 13,537 03/1985 HANDYMAX / SUPRAMAX CHENGXI, CHINA HAYASHIKANE, ISHIKAWAJIMA, SASEBO, KANDA, SASEBO, IMABARI, NIPPONKAI, IMAI, HANDIES CR4x36T 26.00M SPANNISH (ER SHIP) CR4x25T 7.60M SYRIAN CR4x25T 5.50M CHINESE CR4x25T 5.50M FAR EASTERN CR4x30T 24.00M UNDISCLOSED CR4x25T 5.55M FAR EASTERN CR4x30T 25.50M UNDISCLOSED CR4x25T 4.70M SYRIAN DR4x15T 3.30M UNDISCLOSED SMALL BULKERS CHU HE 5,461 05/1997 QINGSHAN, CHINA GLESS 2.40M S. KOREAN

5 BALTIC DRY INDICES BDI 11 BCI 11 BPI 11 BSI 11 BHSI 11 BDI 10 BCI 10 BPI 10 BSI 10 BHSI 10 Week

6 INDICATIVE REPORTED FIXTURES RATE CHARTERERS DURATION YASA FORTUNE ,849 15,000$/D U SEA BULK MARINICKI ,629 14,500$/D CARGILL BEILUN SEA LION ,971 16,000$/D CARGILL LIGARI ,583 21,000$/D UNITED BULK PEGASUS ,736 15,500$/D ALLIED OCEAN LEADER ,136 20,250$/D NOBLE 3/5 MONTHS M EMIR AKSOY ,245 13,000$/D WBC 12 MONTHS ARISTOS II ,376 14,000$/D CNR 3/5 MONTHS WOODGATE ,200 12,500$/D CNR BALTIC DRY INDICES BDI BCI BPI BSI BHSI PREVIOUS WEEK CURRENT WEEK + /

7 THOR NAVIGATOR TWEEN / MPP / GENERAL CARGO 20,705 05/1987 CHENGTU 20,586 01/1988 THOR NECTAR 20,433 12/1989 THOR NEXUS 20,377 02/1989 THOR NAUTICA 18,235 12/1988 Y Y Y Y Y GEAR CR5x25T 5.60M CHINESE EN BLOC CR3x25T 5.60M CHINESE CR3x25T 5.60M CHINESE CR3x25T 5.60M CHINESE CR3x25T 5.60M CHINESE MSC SIENA 58,261 01/2006 SINAR BANDUNG 14,984 06/2005 CONTAINER GEAR TEU GDYNIA, POLAND HAKATA, M GREEK CR2x40T M INDONESIAN REEF REEF. CAP/TY GEAR - NO SALES REPORTED THIS WEEK - BALTICA 13,772 08/1990 FASTCAT SHANKLIN 50 03/1996 RAPPAREE 46 03/1996 PCC/ RORO / PASS HYUNDAI, KVAERNER, SINGAPORE KVAERNER, SINGAPORE CARS/ LM PAX M LILBACKA SHIPPING M ROSMORPORT EN BLOC M ROSMORPORT

8 TYPE DEMOLITION LDT USD/LT SOLD TO ALSTER N COMBO 305, , BANGLADESH - SAMARINDA CARRIER COMBO 75, , BANGLADESH AS IS KOREA / INCL 750 T IFO IRIDA COMBO 75, , INDIA INCL FULL SPARES 3 MAJ COMBO 64, , INDIA - GULF SAFWA COMBO 48, , INDIA - SILVER CARRIER BULK 132, , BANGLADESH AS IS KOREA / INCL 350T IFO HAINA GOLDEN BULK 80, , CHINA - D ELEPHANT TANK 276, , PAKISTAN - OCEAN CAMAR TANK 46, , BANGLADESH - GAS SUEZ GAS 56, , INDIA - KING SUCCESS TWEEN 20, , INDIA - MISS KIKAKI TWEEN 15, , INDIA - TYPE DELY NEWBUILDINGS BULK 205, /13 QINGDAO YANGFAN 50.00M HONGXIANG SHIPPING 2+6 OPTION BULK 181, STX ZODIAC MARITIME 2 UNITS / REPLACEMENT OF 2 ORE CARRIERS BULK 82, /13 DAEWOO MANGALIA 35.00M KC MARITIME 2 UNITS BULK 76, STX ZODIAC MARITIME 3 UNITS / REPLACEMENT OF 2 ORE CARRIERS BULK 36, SAMJIN 25.00M EVERLAST SHIPPING 2+2 OPTION TANK 4, TAIZHOU SANFU CONT 14,000 TEU 2014/15 STX M LNG 160,000 CBM NORR SYSTEMS PTE LTD SEASPAN INTERNATIONAL 4 UNITS OPTION 2013 DAEWOO M AWILCO LNG 2+2 OPTION MARKET RATES BRENT GBP USD USD K WON USD YEN EURO USD PREVIOUS WEEK , CURRENT WEEK + / , ,