NILIMAR Ships Sale & Purchase

Transcription

1 MARKET REPORT WEEK 1 BASED ON SALES AND PURCHASES OF VESSELS WEEK ENDED FRIDAY 4 th January Nilimar wishes a health, wealthy and happy New Year to all our readers Our last report was on 17th December so this report contains information on second hand sales etc reported during the intervening 3 week period. Many of the long list of newbuildings however are likely to have been contracted sometime before this period but have only now come to market knowledge. Looking back over 2012 we note that whilst world trade increased by over 4% year on year and overall by about 14% since 2008, the oversupply of new vessels being delivered has again quashed what could have been a good year for freight rates / shipping in general. As of today the world fleet (wet and dry) is now about 20% over its required capacity and even via another anticipated active year of scrapping in 2013, that 20% oversupply will increase via 2013's scheduled newbuilding deliveries. And yet our industry still does not seem to be grasping the fundamental ''oversupply'' issue, the damage it is doing and the fact that the more new vessels that flood onto the markets the longer any sustainable recovery will take. Whilst ordering newbuilding vessels for niche under ordered sectors of say the LPG / LNG flee might be justifiable, the ordering of more tonnage into already overburdened / modern sectors of the fleet is just plain crazy but too many parties seem unable to resist the seduction 'super eco' designs and/or the thought of a vessel delivering in 3 years time by which time a market upswing is presumed. The past three week period including Christmas and New Year bank holidays and non trading days, has seen the BDI lose a further 10% overall, caused mainly by the larger sized vessels taking the brunt; the BCI lost -11% and the BPI an unpleasant -18.5%. Meanwhile the smaller sizes basically stood still with the BSI off just -1% and the BHSI gained a minimal +0.6%. Predictably the second hand S+P markets were not hugely busy over the festive period and although there are quite a list of 'sold' vessels in our report below, it is as reported over a 3 week period and includes several multi vessel 'en bloc' deals. Overall second hand prices remain under pressure although certain sectors are benefiting from those buyers who have money to spend and are of the opinion that vessels they buy at todays levels, they can probably just about run at break even at todays rates, and the asset will likely appreciate in value as the markets recovers in the medium term - which is likely to be between 1-3 years down the line somewhere... The pleasant surprise of the past week or so has been the upswing in the levels the demolition sector has been willing to pay for tonnage. India is reported to have paid region $465 / 476 for 2 (desirable to breakers) container vessels, and both Bangladesh and India paid in the $420's for bulkers. China meanwhile appears keen to take in some more tonnage pre Chinese New Year (in early Feb) and reportedly last week paid region $430 for a panamax bulker with about 1000 tons ROB's on board. That is a massive hike by China which was only willing to pay low $300's just 2 or 3 months ago. 1

2 NILIMAR Ships Sale & Purchase UNIVERSAL HOPE 299,700 9/1993 ODENSE LINDO, DENMARK TANKERS HULL DH 23.50M UNDISCLOSED ON SUBJS FOR CONVERSION BRITISH TSUNEISHI, 106,500 11/2002 LAUREL DH 30.00M GREEKS EACH BRITISH TSUNEISHI, 106,500 1/2003 HAWTHORN DH 30.00M GREEKS KATJA 97,220 8/1995 SUMITOMO, DH 8.10M MIDDLE EASTERN ATHINA M 96,001 2/1995 SAMSUNG, KOREA DH 8.90M UNDISCLOSED FREJA DANIA 53,755 2/2007 SHIN KURUSHIMA, USA BASED DH 20.50M (TUFTON OCEANIC) LOTUS EXPRESS 45,789 3/2003 MINAMI-NIPPON, DH 15.50M GREEKS AS OCEANIA 43,760 6/1999 DALIAN, DH UNDISCLOSED SPRUCE 1 38,396 8/2007 GUANGZHOU, GREEKS DH 15.00M (CYPRUS MARITIME) EACH SPRUCE 3 38,396 7/2007 GUANGZHOU, GREEKS DH 15.00M (CYPRUS MARITIME) MAR PATRICIA 17,787 12/1998 UNV, SPAIN DH 8.30M INDONESIANS INCL BBONUS CLIPPER TRINIDAD 8,823 8/1998 HITACHI, DH 5.00M FAR EASTERNS EASTERN SHIN KURUSHIMA, 8,719 2/2002 HONESTY DH 8.40M KOREANS STST FRONT GUIDER COMBO GEAR / PUMPS 169,142 11/1991 DAEWOO, KOREA 3X4.000C/H 8.50M UNDISCLOSED GAS CBM GAS EASTERN 4,995 6/1996 KURINOURA, 4, M VIETSE OCEANUS 09 3,714 1/1989 CORAL ELECTRA 3,090 12/2003 CORAL MAYA 3,090 3/2004 HIGAKI, POLI PELLESTRINA, ITALY POLI PELLESTRINA, ITALY 3, M 2, M 2, M S. KOREAN (YOUNGSAN) ITALIANS (LUMASHIP) ITALIANS (LUMASHIP) EACH 2

3 BALTIC TANKER INDICES Week 3

4 HULL , HULL , HULL S , HULL S , BULKERS HYUNDAI GUNSAN, S. KOREA HYUNDAI GUNSAN, S. KOREA HYUNDAI SAMHO, S. KOREA HYUNDAI SAMHO, S. KOREA GEAR M M M M VOGEBULKER 169,168 8/1999 HALLA, KOREA M NORWEGIANS (BERGE BULK) NORWEGIANS (BERGE BULK) NORWEGIANS (BERGE BULK) NORWEGIANS (BERGE BULK) GREEKS (POLEMBROS) ENBLOC HULL YZJ ,400 9/2012 ENBLOC HULL YZJ ,400 11/2012 HULL YZJ ,400 12/2012 HULL YZJ ,400 12/2012 HULL YZJ ,400 1/2013 HULL XSI482B 82,000 9/2012 XIAMEN, M HULL XSI482A 82,000 12/2012 XIAMEN, M NORWEGIAN (FREDRIKSEN) NORWEGIAN (FREDRIKSEN) ENBLOC DIAMOND STREAM 76,741 3/2006 SASEBO, GLESS 17.50M GREEKS CROWN STAR 76,662 2/2002 IMABARI, GLESS 12.10M GREEKS KRONOS 73,301 4/1996 SAMSUNG, KOREA GLESS 7.10M GREEKS KONMAX 72,270 9/2000 IMABARI, GLESS 10.50M GREEKS CEMTEX RENAISSANCE 71,400 1/1998 HITACHI, GLESS 8.00M GREEKS MASS ENTERPRISE 69,555 4/1993 CHRISTINE STAR 56,854 1/2011 TSUNEISHI NUMAKUMA, COSCO DALIAN, GLESS 5.30M CHINESE CR 4X30T 17.00M UNDISCLOSED HARMONY STAR 56,811 6/2011 COSCO DALIAN, CR 4X30T 17.00M UNDISCLOSED GOOD PRIDE 53,840 4/2010 HINDUSTAN, INDIA CR 4X36T 13.25M THAI (PRECIOUS) GOOD PRECEDENT 53,840 2/2011 HINDUSTAN, INDIA CR 4X36T 14.25M THAI (PRECIOUS) 4

5 MEDI CEBU 52,464 10/2002 TSUNEISHI CEBU, PHILIPPINES CR 4X30T 13.80M USA BASED (ADM) PRABHU JIVESH 50,992 6/2002 OSHIMA, CR 4X30T 14.20M UNDISCLOSED MARILLION 41,796 9/1986 HYUNDAI HEAVY, KOREA CR 4X30T 3.20M UNDISCLOSED KEN JYO 23,583 3/1996 SAIKI, CR 4X30T 4.80M TURKISH KARAVI 6,609 10/1986 TAIHEI, DR 4X15T 0.90M UNDISCLOSED BALTIC DRY INDICES BDI 12 BCI 12 BPI 12 BSI 12 BHSI 12 BDI 13 BCI 13 BPI 13 BSI 13 BHSI Week 5

6 INDICATIVE REPORTED FIXTURES RATE LIN JIE ,359 8,500$/DAY RED SETO ,966 7,000$/DAY ERATO ,444 6,500$/DAY CHARTERERS SWISSMARINE QUADRA CARGILL DURATION 5/8 MONTHS 6/9 MONTHS 18/24 MONTHS BALTIC DRY INDICES BDI BCI BPI BSI BHSI PREVIOUS WEEK CURRENT WEEK + / TWEEN / MPP / GENERAL CARGO GEAR BEATRICE 6,918 5/1994 ALEXANDRIA, EGYPT GLESS 3.20M UNDISCLOSED JIA LONG 5,025 6/2011 WENLING, GLESS 6.50M KOREANS BOSPORUS BRIDGE 47,259 7/1993 MAERSK JENAZ 39,228 9/2006 CONTAINER GEAR TEU SHIN KURUSHIMA, HYUNDAI MIPO, KOREA GLESS 3, M UNDISCLOSED GLESS 2, M UNDISCLOSED DELMAS TANZANIA 21,470 9/1997 HANJIN, KOREA CR 2X40T 1, M LAURITA RICKMERS 14,086 5/1998 GREEN VALLEY 12,571 5/1995 SZCZECINSKA, POLLAND SZCZECINSKA, POLLAND US (SEACON) CR 3X40T 1, M UNDISCLOSED CR 2X40T 1, M UNDISCLOSED REEF REEF. CAP/TY GEAR - NO SALES REPORTED THIS WEEK - FENG HOU 3,066 12/1992 PCC/ RORO / PASS CARS/LM PAX YAMANISHI, M THAI 6

7 DEMOLITION INDIA TYPE PROVIDENCE TANK 39, , ASIS SPORE WITH 150T ROB CAPAHUARI TANK 28, , ASIS PERU AL QAWIYYU BULK 37, , INCL 22T BUNKERS ROB AMIRA DINA BULK 29, , SUNRISE 89 BULK 21, , HANJIN OSAKA CONT 62, , LARGE NON-FERROUS APL ZIRCON CONT 51, , ALEXANDER CONT 47, , IRENES DREAM CONT 47, , MSC BRASILIA CONT 43, , ASIS SPORE INCL ABT 350T ROB MSC DYMPHNA CONT 43, , MADURA CONT 22, , GOLDEN BRIDGE TWEEN 15, , DEMOLITION PAKISTAN TYPE - NO SALES REPORTED THIS WEEK - DEMOLITION BANGLADESH TYPE AVON TANK 108, , LEONIDAS WARRIOR BULK , T STAR BULK 42, , HERON BULK 37, , ELVER BULK 32, , HONG KONG SUN BULK 25, , ITALIA CONT 47, , ASIS SPORE WITH ABT 140MT IFO AND 60MT MDO TYPE DEMOLITION EAGLE STRAIT TANK 40, , TURNBERRY GLORY BULK 68, , INCL 950T BUNKERS ZHUSHUI 8 BULK 64, , FRIO ADRIATIC REEF 10, , ENBLOC INVINCIBLE REEF 9, , DEMOLITION TURKEY TYPE LEROS BULK 42, , DIMITROVSKY KOMSOMOL BULK 38, , DEMOLITION MISC TYPE FRONT OBO 169, , UNDISCLOSED 7

8 VIEWER GOLDEN LIGHT NILIMAR Ships Sale & Purchase TWEEN 15, , VIETNAM NEWBUILDINGS TYPE DELY USD $ TANK 160, STX OFFSHORE 63.00M BP PLC 3+2 UNITS TANK 110, STX OFFSHORE 53.00M BP PLC 10+6 UNITS TANK 50, STX DALIAN 30.00M GREAT EASTERN 1 UNIT TANK 49,000 3Q+4Q WILMAR HYUNDAI VINASHIN 29.50M 2014 INTERNATIONAL 2 UNITS TANK 6, ZAVOD KRASNOYE - UNITED PETROLEUM (UK) 4 UNITS LNG 174, HYUNDAI SAMHO M MARAN GAS 4+2 UNITS LNG 155, HYUNDAI HI M BRUNEI GAS CARRIERS 1 UNITS VLGC 80, HYUNDAI HI 74.00M TOMZA GROUP 1 UNITS LPG 22, STX DALIAN - ULTRANAV 2 UNITS BULK 205, SHANGHAI WAIGAOQIAO 45.00M THENAMARIS 1+2 UNITS BULK 205, STX DALIAN 45.00M FRONTLINE UNITS BULK 180, SHANGHAI WAIGAOQIAO - FRONTLINE UNITS BULK 65,000 CHENGXI SHIP 42.00M GUANGZHOU MARITIME TRANSPORT 1 UNIT BULK 48,500 4/2014 CHENGXI SHIP - JIANGSU LIGANG POWER 3 UNITS BULK 39,500 8/ /2014 CHENGXI SHIP 23.00M SWIRE SHIPPING 4 UNITS MPP / H-LIFT 20, /2015 HUDONG-ZHONGHUA - RICKMERS-LINIE 2 UNITS PASS 5,400PAX MID 2016 STX FRANCE 1.30 B ROYAL CARIBBEAN 1+1 UNITS MARKET RATES BRENT GBP USD USD K WON USD YEN EURO USD PREVIOUS WEEK , CURRENT WEEK + / ,