MARKET REPORT WEEK 21+22 BASED ON SALES AND PURCHASES OF VESSELS WEEK ENDED FRIDAY 1 ST JUNE 2018. The dry freight market remains totally uninspired and much of the reason for that has to be the uncertainty that President Trump s trade tariffs etc are currently causing towards world trade. Poor grain harvests in S.America (Argentina and Brazil), and a lack of grain exports from USA due to trade uncertainty with China etc are further dampening the BDI. The dry indexes of the past 2 weeks amply demonstrate the uncertainty that has now crept in to the panamaxes, Supras and Handys, while the capes, as usual, only need a few shipment orders by China for their fortunes to swing upwards again: weeks 21 and 22 of the dry indexes and overall BDI read as follows: Week 21 22 BDI: -15.5%, +7% w-o-w. BCI: -32.0%, +15% BPI: -4.5%, +0.5% BSI: +0.2%, -1% BHSI: -0.5%, -0.5% The current seemingly short to medium term uncertain earning abilities of bulkers has now fairly much scared off most single ship private buyers so most deals we are seeing today are either large corporations taking advantage of distressed fleet sales and also Chinese buyers who are still hovering up 2001-2004 built bulkers before updated domestic rules excludes their ability to buy vessels of such vintage. In the tanker S+P sector if it was not for Greek owners buying all the 13 Toisa tankers from that fleet plus some other Greek to Greek sales of Aframaxes, there would currently be virtually no tanker S+P movements at all, however, if OPEC do now increase output maybe we will see some rate improvements in due course. Sub continent recycling demand for tonnage fortunately remains strong with firm levels still on offer. After an initial surge of tankers into the newly reopened Pakistan market the rates there have weakened a little but India appears to be taking up any slack. Prices from the Sub-Continent today are generally about US$ 430 to 440 for tankers, about US$ 410 to 420 for bulkers depending on size etc while container vessels continue to receive the highest offers at around US$ 450 to 460 per. 1
UNITED KALAVRYTA UNITED LEADERSHIP 159,156 2005 159,062 2005 SPARTO 114,549 2004 PANTELIS 114,500 2004 SECOND-HAND SALES TANKERS HYUNDAI HEAVY, HYUNDAI HEAVY, SAMSUNG HEAVY, SAMSUNG HEAVY, COATED N/A 17.75M UNDISCLOSED N/A 18.20M EPOXY 11.50M EPOXY 11.50M (EUROTANKERS) (THENAMARIS) UNITED FORTITUDE 112,719 2010 NEW TIMES, CHINA EPOXY 22.00M ENBLOC NEW CHALLENGE 73,964 2005 NEW CENTURY, CHINA EPOXY 11.00M UNDISCLOSED ENBLOC NEW CHAMPION 73,911 2005 NEW CENTURY, CHINA EPOXY 11.00M CLEAN NEW CENTURY 73,901 2005 NEW CENTURY, CHINA EPOXY 11.00M NEW CONFIDENCE 73,897 2005 NEW CENTURY, CHINA EPOXY 11.00M UNITED CARRIER 73,675 2007 NEW CENTURY, CHINA EPOXY 10.25M UNITED AMBASSADOR 73,584 2007 NEW CENTURY, CHINA EPOXY 10.30M UNITED BANNER 73,584 2007 NEW CENTURY, CHINA EPOXY 10.25M ARCTIC BRIDGE 50,921 2005 NORD INTELLIGENCE CPO LARISA HESTIA STX SHIPBUILDING, 47,975 2010 IWAGI ZOSEN, EPOXY 16.50M 37,229 2001 OCEANIC CYAN 13,241 2008 HYUNDAI MIPO, JINSE SHIPBUILDING, (SEA WORLD) EPOXY 12.00M NORWEGIAN (SPRING MARINE) EPOXY 6.00M UNDISCLOSED EPOXY 7.70M UNDISCLOSED HANZE AA 12,279 2007 UM DENIZ, TURKEY EPOXY 7.00M WEST AFRICAN LR1 SECOND-HAND GAS CBM - NO SALES REPORTED THIS WEEK - TYPE TANK AL SALHEIA 310,453 1998 42,501 406.5 ASIS KUWAIT TANK NORDIC JUPITER 157,406 1998 22,615 446.5 ASIS SINGAPORE INCL ABT 700T ROB TANK NORDIC FIGHTER 153,328 1998 21,853 446.5 GAS FREE FOR MAN ENTRY TANK SAGE PIONEER 104,024 1999 17,431 441 FULL SUB CONT OPTIONS GAS GAZ UNITY 53,171 1982 21,377 420 ASIS FUJAIRAH TANK MARTHA TENDER 29,998 1987 6,972 295 ASIS BELAVAN LAID UP VSL HAS TO BE TOWED GAS MISR GAS 9,550 1976 5,890 468 INDIA GAS ARZEW GAS 9,539 1976 5,891 470 INDIA TANK DANAI 6 1,907 1990 556 340 BANGLADESH 2
TYPE SIZE DELY UNITS OPT. TANK 300.000 2020 HYUNDAI HEAVY 92.00M ELANDRA TANKERS 4 SHUTTLE 152.000 2020 SAMSUNG HEAVY 91.00M AET 4 2 TANK 112.000 2019 STX OFFSHORE 44.00M CLEAROCEAN TANKERS 4 TANK 76.000 2019 CSSC OME 37.00M HAFNIA TANKERS 2 TANK 69.000 - SSK ZVEZDA - ROSNEFTEFLOT 1 1 DAEHAN TANK 50.000 2019 SHIPBUILDING 32.80M CLEAROCEAN TANKERS 2 TANK 16.000 2019-2021 ESE - DAITOH 5 LNG 180.000CBM Q3 2020 SAMSUNG HEAVY - GASLOG 1 INDEX THIS WEEK LAST WEEK LAST LY LOW LY HIGH LY AVERAGE BDTI 754 781 742 619 914 712 BCTI 549 549 554 501 737 580 3
NEW MIGHTY 179,851 2011 SECOND-HAND BULKERS HHIC-PHIL INC, PHILIPPINES GEAR - 27.50M N (H-LINE SHIPPING) LIN JIE 177,359 2003 NAMURA, - 14.50M UNDISCLOSED SS/DD JUST PASSED MEDI GENOVA 75,767 2004 SANOYAS HISHINO, GLESS 11.00M CHINESE SOLANA 74,756 2001 HYUNDAI HEAVY, GLESS 8.50M CHINESE DD DUE ATLANTIC HAWK 74,204 2002 OSHIMA SHIPBUILDING, GLESS 9.20M CHINESE OMIROS 73,326 2001 SUMITOMO, GLESS 8.80M CHINESE DUBAI ENERGY 55,389 2004 OSHIMA, CR 4X30T 11.00M INDONESIAN MAGNUM FORCE 53,630 2008 YANGZHOU DAYANG, CHINA CR 4X30T 9.80M CHINESE SS DUE NOV18 AZIZI 52,544 2001 SHIN KURUSHIMA, CR 4X30T 8.50M CHINESE DD DUE 09/2018 SEA CONFIDENCE 52,300 2005 OSHIMA, CR 4X30T 10.00M CHINESE NAVIOS ACHILLES 52,055 2001 SANOYAS HISHINO, CR 5X30T 8.40M CHINESE JIN FU 50,700 2001 OSHIMA, CR 4X30T 8.70M CHINESE PARASKEVI 45,950 1996 CHINA SHIPBUILDING, MIDDLE CR 4X30T 4.80M TAIWAN EASTERN SUMMER WIND 43,176 1995 HYUNDAI HEAVY INDS, MIDDLE CR 4X25T 5.30M EASTERN CYPRIOT ENBLOC LOWLANDS 37,152 2013 YANGFAN GROUP, CHINA CR 4X30T 14.00M (POLA DD DUE SAGUENAY MARITIME) OCT2018 LOWLANDS BOREAS 37,144 2013 YANGFAN GROUP, CHINA CR 4X30T 14.00M ICE 1B OCEAN LUCK 35,360 1998 KANASASHI, CR 4X30T 5.10M MIDDLE EASTERN PERSEVERANCE 30,060 2013 TSUJI HEAVY, CHINA CR 4X30T 10.00M UNDISCLOSED SILVAPLANA 29,721 2003 SHIKOKU DOCK, CR 4X30T 7.40M ENBLOC SILVRETTA 29,721 2003 SHIKOKU DOCK, CR 4X30T 7.00M GLORIOUS SENTOSA 28,346 2010 I-S SHIP, CR 4X30T 9.50M UNDISCLOSED CLIPPER LASCO 28,200 2004 IMABARI SHBLDG - IMABA, CR 4X30T 6.80M VIETNAMESE SECOND-HAND TWEEN / MPP / GENERAL CARGO GLORY SUMMIT 8,537 1999 SEA MASTER 8,500 2008 NISHI SHIPBUILDING, FUJIAN NEW SHENGHAI, CHINA GEAR CR 1X30T DR 2X25T 2.00M CHINESE TWEEN CR 2X35T 2.65M UNDISCLOSED LAID UP PIRAEUS TYPE BULK KIRAN 175,048 1994 24,246 434 PAKISTAN BULK QIAN HAI 25,309 1986 5,571 408 BANGLADESH BULK SURPLUS OCEAN 1 8,583 1994 4,112 399 BANGLADESH TWEEN SHINLINE 4 6,682 1983-390 INDIA 4
TYPE SIZE DELY UNITS OPT. BULK 200.000 2019 SHIN KASADO - KOREAN OWNER 2 BULK 64.000 2020 TAIZHOU SANFU - MEGHNA GROUP 1 1 HELIKON SHIP BULK 63.590 2019 SHIN KASADO - MANAGEMENT 1 MPP 9.400 2019 GISAN, TURKEY - MISHA SHIPPING 1 MPP 4.800 2021 ROYAL BODEWES - LEHMANN 1 1 H-LIFT 500 MT NOV 2018 - Q1 2019 TAIZHOU SANFU - DSHIP CARRIER 2 INDEX THIS WEEK LAST WEEK LAST LY LOW LY HIGH LY AVERAGE BDI 1156 1077 830 822 1702 1222 BCI 1602 1359 1374 753 4193 2106 BPI 1192 1187 792 792 1677 1334 BSI 1061 1071 674 654 1126 922 BHSI 583 587 446 425 687 567 5
VESSEL S NAME PUELO 81,250 2006 CORINTHIAKOS 51,570 2010 WELLE 34,740 2005 NORDWOGE 34,704 2006 VICTORIA SCHULTE 33,868 2005 ARUNA IPSA 24,279 2004 MAGARI 17,201 2007 SECOND-HAND CONTAINER GEAR TEU HYUNDAI HEAVY, HYUNDAI SAMHO HEAVY, STX SHIPBUILDING, STX SHIPBUILDING, AKER MTW WERFT, GERMANY JIANGSU YANGZIJIANG, CHINA JIANGSU YANGZIJIANG, CHINA GLESS 6,539 20.50M ESE (MITSUI OSK) GLESS 4,400 15.00M SINGAPOREAN CR 4X40T 2,572 11.00M CR 4X40T 2,572 11.00M CR 3X45T 2,478 11.80M NORWEGIAN (MPC CONTAINER) NORWEGIAN (MPC CONTAINER) GLESS 1,858 7.00M UNDISCLOSED CR 2X45T 1,345 9.10M FRENCH (CMA CGM) INCL TC ENBLOC TYPE CONT ITEA 48,304 1998 15,804 468 ASIS HONG KONG TYPE SIZE DELY CONT 1.100TEU 2020 EZHOU GUANGDA, CHINA RMB 25.70M UNITS OPT. WUHAN NEWPORT CHANGHAI 2 SECOND-HAND REEF REEF. GEAR CAP/TY - NO SALES REPORTED THIS WEEK - SECOND-HAND PCC/ RORO / PASS CARS/ PAX LM - NO SALES REPORTED THIS WEEK - TYPE REEF BALTIC PRIDE 10,695 1989 6,263 425 INDIA REEF TAGANROGSKIY ZALIV 10,582 1993 6,400 425 INDIA TYPE SIZE DELY UNITS OPT. ROPAX 1000PAX Q3 2021 AVIC WEHAI - STENA 1 6