MARKET REPORT WEEK 34 BASED ON SALES AND PURCHASES OF VESSELS WEEK ENDED FRIDAY 26 th AUGUST 2011. Whilst world financial markets continue to concern, and the gold price continues to rise (being seen as a safe haven), amazingly the BDI continues to rise too. Though it only finished about 5.5% up w-o-w, it was looking like it would be a lot more until the BCI and BPI went into reverse for the last 2 days of the week. The week ended with all indices up: BCI 5.6%, BPI 2.6%, BSI 3.6% and BHSI 2.9%. Being the middle of August and on what is overall still a falling market, the levels of concluded S+P business remains low and indeed sales concluded and those still negotiating or on subjects bear out the declining trend whereby it would appear that VLCC's built around 2000 have declined in value by about 30% in the past 5 months and very modern capes built around 2010/11 have declined in value by about 20% in the past 3 months. Meanwhile larger and more modern handysize bulkers appear to be pro-rata holding their values much better whereas older / overage tonnage values are slipping faster due to the projected poor earnings they will make between now and the natural end of their trading lives. Rates on offer in the demolition markets remain about the same from both the Indian sub continent and China. 1
SAGA CHELSEA 298,432 08/1995 ATLANTIC GALAXY 115,583 06/2005 GORKEM BEY 7,003 07/2008 DONA ANA 3,543 01/2006 BALTIC SWAN 2,813 03/2004 DANE SWAN 1,165 01/1980 DEWOO, S.KOREA SANOYAS, JAPAN UMO GEMI, TURKEY ROUSSE, BULGARIA CELIKTRANS, TURKEY NORDSOVAERFT ET, DENMARK TANKERS HULL COMBO GEAR / PUMPS DH 25.00M LONDON DH 34.90M DH 9.00M GERMAN (SCHULTE ) UK (BOREALIS) DH P+C CHILEAN DH P+C UNDISCLOSED DH P+C NIGEREAN VIA AUCTION VIA AUCTION GAS CBM 2
BALTIC TANKER INDICES 2011 2500 2000 1500 1000 500 0 Week BDTI 10 BCTI 10 BDTI 11 BCTI 11 3
BULKERS GEAR CAPESIZE / VLOC OCEAN CREST 168,968 02/1998 SANTA ISABEL 158/,387 07/1996 SAMSUNG, S.KOREA SASEBO, JAPAN - 19.00M GREEK (RESTIS) - 17.00M UNDISCLOSED CYCLADES 75,681 06/2000 CONTI SPINELL 75,200 06/2011 PANAMAX / POST-PANAMAX SANOYAS, JAPAN PENGLAI, CHINA - 20.60M HANDYMAX / SUPRAMAX GREEK (PL SHIPPING) - 30.30M UNDISCLOSED HANDIES CENTURY SEYMOUR 16,190 04/2001 SHIN KOCHI, JAPAN CR4x30T 10.85M UKRANIAN SMALL BULKERS 4
BALTIC DRY INDICES 2011 8500 7500 6500 5500 4500 3500 2500 1500 500 BDI 11 BCI 11 BPI 11 BSI 11 BHSI 11 BDI 10 BCI 10 BPI 10 BSI 10 BHSI 10 Week 5
INDICATIVE REPORTED FIXTURES RATE CHARTERERS DURATION NAVIOS LUMEN 2009 180.661 15,250$/D VITOL GOLDEN BEIJING 2010 176.000 14,000$/D CLASSIC MARINE 12 MONTHS IOLCOS LEGACY 2010 87.375 12,500$/D NORDEN ELLINA 2008 82.612 13,000$/D CARGILL 11/13 MONTHS ARCHIGETIS 2011 81.076 12.250$/D BUNGE CINZIA D AMATO 2008 75.213 13,000$/D GREAT PACIFIC NAVI 5/7 MONTHS ANGELIC GLORY 2002 75.007 12,500$/D CARGILL FORTUNE DAISY 2011 74.997 13,000$/D KLAVENESS E R BRIGHTON 2010 55.783 14,500$/D COPENSHIP 3/5 MONTHS BALTIC DRY INDICES BDI BCI BPI BSI BHSI PREVIOUS WEEK CURRENT WEEK + / - 1462 1541 79 2220 2346 126 1609 1651 42 1338 1387 49 648 667 19 6
TWEEN / MPP / GENERAL CARGO GEAR BUNGA KENARI CMA CGM CARTAGENA 23,574 01/1991 22,900 02/1996 CONTAINER GEAR TEU KEELUN, CHINA SZCZECINSKA POLAND GLESS 1351 P+C FAR EASTERN CR3x40 1728 P+C UNDISCLOSED REEF REEF. CAP/TY GEAR PCC/ RORO / PASS CARS/ LM PAX COMMENT 7
DRUMMOND VOYAGER HUAN JIN YUAN EAST SUNRISE 8 TYPE DEMOLITION LDT USD/LT SOLD TO BULK 94,994 1982 17,856 535 INDIA INCL 400T BUNKERS BULK 72,539 1976 11,934 524 INDIA - BULK 69,737 1981 12,238 455 CHINA - XIN FENG BULK 65,785 1981 11,396 458 CHINA - XIN YU BULK 63,987 1977 11,047 456 CHINA - JI QING MEN BULK 37,635 1984 10,239 520 INDIA - POWSTANIEC STYCZNIOWY BULK 33,780 1986 8,277 520 INDIA - OURANOS TANK 67,980 1983 16,240 475 PAKISTAN - CARIBIC TANK 17,079 1988 6,000 585 INDIA - CHANG LE MEN TWEEN 17,240 1982 5,020 520 INDIA - SEDA REEF 9,360 1985 5,320 532 INDIA INCL 200T IFO TYPE DELY NEWBUILDINGS BULK 82,000 2013 NEW TIMES P+C DA TONG SHIPPING 2 UNITS BULK 82,000 2012 SUNGDONG 36.00M GLOBAL MARINE FINANCE 2 UNITS BULK 52,000 2013 HMM P+C CHIOS NAVIGATION 2 UNITS BULK 35,800 2013 QINGSHAN P+C OSL SHIPPING 2 UNITS TANK 48,000 2013 GSI P+C HUAHAI PETROLEUM 1 UNIT MARKET RATES BRENT GBP USD USD K WON USD YEN EURO USD PREVIOUS WEEK 106,37 1,65 1087,55 76.465 1,4301 CURRENT WEEK + / - 110,33 3,96 1,6306-0,0194 1081,75 76.995-5,8 530 1,4429 0,0128 8