MARKET REPORT WEEK 05

Transcription

1 MARKET REPORT WEEK 05 BASED ON SALES AND PURCHASES OF VESSELS WEEK ENDED FRIDAY 4 th FEBRUARY 2011 Last week was a predictably quieter one on the shipping markets due to the Chinese New Year Holidays ushering in the 'year of the rabbit' and as those holidays come to an end this week many are hoping for a pick up in Chinese enquiry for especially freight and also second hand ship purchases. Whether these 'hopes' will be sated or not is the big question but without an increase in Chinese demand the freight market, and therefore ship values, will likely continue to slide. In figurative terms the BHI lost a further 8% w-o-w, with the biggest loser this time being the handies at nearly -11%, the Supras nearly -10% and the capes -5%. The only gainer was the panamaxes but only by less than +1%. Dry S+P deals reported were thin last week and there remains big variance in buyers and sellers valuations of Supras. The reason is mainly to do with where the vessels are built and general specifications but because of these variances in buyers and sellers price ideas and the lack of recent clear benchmark sales, we hear that several Supras have recently negotiated but so far been unable to mutually agree on prices that satisfy both parties. Handysize values are meantime holding up relatively well still with such confidence seemingly justified by the fact that this fleet is older whilst the replacement orderbook is considered prudent. The tanker and container S+P markets continues to be moderately active with a number of new sales to report in each sector. The demolition sector is still managing to pay firm levels despite more vessels being offered / scrapped owing to the depressed freight markets.

2 AFRODITI 167,000 02/2011 SAMSUNG 1958 SAMSUNG 1957 SAMSUNG ,000 05/ ,000 02/ ,000 09/2011 BOW DE JIN 11,752 11/1999 HARTAMAS 6,320 12/1991 MISTRAL 5,215 12/1995 SAMSUNG, SAMSUNG, SAMSUNG, FUKUOKA, CHING FU, CHINA VOLGOGRADSKIY, RUSSIA TANKERS HULL DH 67.00M UNDISCLOSED DH 69.50M DH 69.50M DH 69.50M US BASED (APOLLO) US BASED (APOLLO) US BASED (APOLLO) DH 10.25M SINGAPOREAN DB 1.82M INDONESIAN DH 3.75M UNDISCLOSED EACH COMBO GEAR / PUMPS GAS MIRACLE 50,400 12/1992 BECQUER 3,659 07/1987 MITSUBISHI, NERVION, SPAIN LPG CBM 76, M INDIAN (VARUN SHIPPING) 3,211 P+C TURKISH

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

4 BULKERS GEAR CAPESIZE / VLOC IOANNA L 69,346 09/1989 LAVADARA 69,091 01/1996 PANAMAX / POST-PANAMAX HASHIHAMA, IMABARI, M US BASED (PHOENIX) M UNDISCLOSED DONG SHENG OCEAN 59,472 11/1981 DARYA VISHNU 56,056 07/2006 GECON I 52,458 03/2005 HANDYMAX / SUPRAMAX HITACHI, MITSUI, TSUNEISHI, PHILIPPINES HANDIES GLESS 5.25M UNDISCLOSED CR4x30T 32.70M PAKISTAN (PAKISTAN INTERNATIONAL SHIPPING ) CR4x30T 31.00M UNDISCLOSED ON SUBS GOLD STAR 36,850 02/1984 F & K 32,942 11/1998 KURUSHIMA, KANDA, CR4x25T 6.40M GREEK CR4x30T 18.75M TURKISH LOGS SMALL BULKERS

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 HEROIC ,000 19,500$/D CLASSIC MARITIME 11/13 MONTHS LOWLANDS PHOENIX ,036 17,000$/D COSBULK 11/13 MONTHS CAPE ISLAND ,516 18,500$/D COSBULK 11/13 MONTHS TAI PROMOTION ,800 16,100$/D SIBA 23/25 MONTHS ECOMAR G O ,093 14,000$/D OLDENDORFF 3/5 MONTHS GEOSAND ,432 13,500$/D OLDENDORFF 2/4 MONTHS BUNGA SAGA ,127 14,000$/D OLDENDORFF 4/6 MONTHS FUTURE ,845 14,500$/D STX PAN OCEAN 3/5 MONTHS JIA HO ,678 14,000$/D MARUBENI 11/13 MONTHS DENSA EAGLE ,473 18,100$/D CARGILL 2/4 MONTHS BALTIC DRY INDICES BDI BCI BPI BSI BHSI PREVIOUS WEEK CURRENT WEEK + /

7 TWEEN / MPP / GENERAL CARGO GEAR CMA CGM KINGFISH CMA CGM MARLIN NEWPORT BRIDGE MAERSK MAINE MAERSK MARYLAND MAERSK VERMONT 65,974 06/ ,949 06/ ,384 03/ ,829 01/ ,829 11/ ,829 08/1991 CONTAINER GEAR TEU SHIN KURUSHIMA, M GREEK M GREEK M MSC GLESS M GLESS M GLESS M GREEK (COSTAMARE) GREEK (COSTAMARE) GREEK (COSTAMARE) INCL 3YRS TC BACK INCL 3YRS TC BACK EACH REEF REEF. CAP/TY GEAR DUBLIN SEAWAYS 7,910 07/1997 ISHIKARI 6,938 03/1991 PCC/ RORO / PASS VISENTINI, ITALY MITSUBISHI, CARS/ LM PAX M EURO STENA RORO P+C CHINESE

8 TYPE DEMOLITION LDT USD/LT SOLD TO ANGELLUCKY TANK 113, , CHINA CHAMPION ADRIATIC CHINESE OWNED, NO IMPORT DUTY TANK 37, , CHINA INCL ROB NEW WIND TANK 19, , INDIA AS IS BEAUMONT CHALLEN BULK 39, , INDIA - TRADENES BULK 8, , TURKEY UNDER TOW ROSE LI TWEEN 21, , INDIA - GAMBA TWEEN 17, , INDIA - PROGRESS LILY TWEEN 4, , INDIA - KJELL SVERRE RORO 17, , INDIA - PRIMROSE RORO 2, , INDIA AS IS ITALY RIO GAS GAS 7, , INDIA - ASHRAF B REEF 3, , INDIA - TYPE DELY NEWBUILDINGS TANK 160, HYUNDAI H I M TSAKOS ENERGY NAV CONT 8,800 TEU 2012/13 SUNGDONG 97.00M MEDITERRANEAN SHIPPING CONT 8,800 TEU 2014 SUNGDONG 97.00M COSTAMARE 2 X DP2 SHUTTLE TANKERS 4 UNITS 2 UNITS INCL 10 YRS TC TO MSC LPG 6, /13 STX 31.00M UNIGAS 3+3 OPTION MARKET RATES BRENT GBP USD USD K WON USD YEN EURO USD PREVIOUS WEEK , CURRENT WEEK + / , ,