MARKET REPORT WEEK 38 BASED ON SALES AND PURCHASES OF VESSELS WEEK ENDED FRIDAY 23 rd SEPTEMBER 2011. Further good volumes of Capesize fixing lifted the BCI another 6% w-o-w now making the average rate for a cape about $27,000 daily. The BSI and BHSI also improved but by just 2.2% and 1.5% respectively, whilst the BPI on the other hand lost region 6% w-o-w. Overall the BDI increased 10.87%. In the S+P sector the recent increases in Cape rates seem to be having a positive effect in as much as deals are getting done albeit at still falling prices. Generally it appears that so far during 2011 values of capes have fallen in the range 10% for resales up to about 19% for 15 year old units. Until recently we would have said that panamax values had fallen by about the same margins or less during 2011, however if last weeks sale (on sellers subjects for 20 days) of the 2011 Hudong built, 74710 dwt ''Maddalena D'Amato'' is confirmed at about $18 million), that would show a huge 40% value reduction against the sale of a sister vessel in only May of this year at about $31 million... We are reporting a number of large (region 5-6000 teu) second hand Container ship sales last week to Greek owners who must be thinking the timing and prices of same are now good business. Lastly, it was another busy week in the demolition sector with India and Bangladesh both reportedly taking plenty more tonnage (wet and dry) and rates remaining very strong mainly in the $510-550 range. China is also still active in the $450-470 range. 1
QASEH 7,000 03/2008 ZHEJIANG, TANKERS HULL DH 4.50M UNDISCLOSED COMBO GEAR / PUMPS - NO SALES REPORTED THIS WEEK - GAS CBM - NO SALES REPORTED THIS WEEK - BALTIC TANKER INDICES 2011 2500 2000 1500 1000 500 0 Week BDTI 10 BCTI 10 BDTI 11 BCTI 11 2
BULKERS GEAR CAPESIZE / VLOC SANKO PARTNER 180,200 09/2011 HARMONIOUS 174,234 01/2007 IMABARI, SHANGHAI, - 48.00M GREEK - 38.50M DANISH (LAURITZEN BULKERS) PANAMAX / POST-PANAMAX MADDALENA D AMATO TRIDENT ENDEAVOUR 74,716 02/2001 68,788 03/1990 HUDONG, HYUNDAI, GLESS 18.00M UNDISCLOSED SUB TO BANK APPROVAL GLESS 10.60M EU BASED UNDER NEGOS HANDYMAX / SUPRAMAX WIKING 57,000 09/2011 FREEDOM LILLY 56,056 03/2005 SEA HOPE 48,512 08/1998 HANTONG, MITSUI, SASNOYAS, CR4x30T 27.75M CHINESE CR4x30T 25.00M GREEK CR4x25T 16.00M CHINESE (TIANJIN GUARDIAN) HANDIES AFRICAN ALTAIR 37,300 06/2011 TRITON 34,000 07/2011 NEW ALLIANCE 27,904 07/1996 SHANDONG, 21ST CENTURY, HAKODATE, CR4x30T 23.60M EU BASED CR4x30T 26.00M GREEK CR4x30.5T 13.00M TURKISH SMALL BULKERS - NO SALES REPORTED THIS WEEK - 3
BALTIC DRY INDICES 2011 8500 7500 6500 5500 4500 3500 2500 1500 500 BDI 11 BCI 11 BPI 11 BSI 11 BHSI 11 BDI 10 BCI 10 BPI 10 BSI 10 BHSI 10 Week 4
INDICATIVE REPORTED FIXTURES RATE CHARTERERS DURATION LOS ANGELES 2012 206,000 18.000$/D EDF 46/50 MONTHS PHILADELPHIA 2010 206,000 18.000$/D EDF 44/50 MONTHS GOLDEN ZHEJIANG 2010 175,854 19.000$/D SWISS MARINE RED JASMINE 2006 76,662 19.100$/D WBC 22/24 MONTHS AVAX 2006 75,398 14.250$/D CARGILL ECOSTAR G O 2007 75,149 12.500$/D GMI ROSCO OLIVE 2010 74,896 13.600$/D EDF AS VARESIA 2011 57,000 22.000$/D CROSSBRIDGE 110 DAYS YUAN NING SEA 2004 55,580 16,800$/D SOLYM CARRIERS BALTIC DRY INDICES BDI BCI BPI BSI BHSI PREVIOUS WEEK CURRENT WEEK + / - 1814 1920 106 3008 3335 327 1746 1641-105 1446 1479 33 677 687 10 5
TONGFANG JIANGXIN JX625 TONGFANG JIANGXIN JX625 TWEEN / MPP / GENERAL CARGO 19,000 07/2011 19,000 07/2011 JIUJIANG, JIUJIANG, GEAR CR2x40T 27.80M DANISH EN BLOC CR2x40T 27.80M DANISH MSC MESSINIA MSC ULSAN 85,824 06/2003 52,785 12/2002 CONTAINER GEAR TEU HYUNDAI, SAMHO, - 6402 60.00M GREEK - 4132 30.00M GREEK INCL BB BACK TO MSC FOR 10 YRS INCL TC FOR 5 YRS TO MSC OOCL BRITAIN OOCL OOCL SINGAPORE OOCL NETHERLA NDS P+O NEDLLOYD COLERIDGE 67,958 03/1996 67,752 02/1996 67,473 08/1997 67,473 12/1997 22,340 09/1994 YI FA 6,832 08/1994 LILLY MITCHELL JOHN MITCHELL 5,401 09/1993 5,273 05/1997 MITSUBISHI, MITSUBISHI, MITSUBISHI, MITSUBISHI, MTW, GERMANY DAESUN, PETERS, GERMANY ELBEWERFT, GERMANY - 5344 32.00M - 5344 32.00M - 5390 32.00M - 5390 32.00M GREEK (TECHNOMAR) GREEK (TECHNOMAR) GREEK (TECHNOMAR) GREEK (TECHNOMAR) CR3x40T 1608 11.00M BRAZILIAN GLESS 357 3.60M CHINESE EN BLOC / INCL 4 YRS TC BACK INCL 4 YRS TC BACK INCL 4 YRS TC BACK INCL 4 YRS TC BACK GLESS 417 1.83M TURKISH VIA AUCTION GLESS 523 2.82M TURKICH VIA AUCTION MONTERREY 9,952 04/1991 MATHIAS, GERMANY REEF REEF. CAP/TY 470,607 GEAR DR2x10T DR7x5T 4.10M CHINESE CLARA DEL MAR 7,341 10/2007 PCC/ RORO / PASS MAWEI, CARS/ LM PAX COMMENT - - 26.00M SPANISH VIA AUCTION 6
TYPE DEMOLITION LDT USD/LT SOLD TO ALSTER N COMBO 305,836 1987 42,531 525 BANGLADESH - BW ARA TANK 290,085 1982 40,900 520 BANGLADESH AS IS MALAYSIA TAKAMA TANK 266,286 1987 37,756 520 BANGLADESH AS IS MALAYSIA TINOS TANK 260,039 1988 33,629 540 BANGLADESH - TITAN CHIOS TANK 239,783 1986 30,637 520 PAKISTAN - COASTAL VENUS KOREA SUNNYHILL TANK 95,844 1991 14,536 525 BANGLADESH AS IS SINGAPORE INCL 300 T IFO TANK 30,264 1976 7,861 472 - EVER BRIGHT BULK 148,982 1987 24,127 535 INDIA - GOLDEN HUAXI HISTRIA DIAMOND BULK 145,905 1985 20,124 520 BANGLADESH - BULK 84,914 1989 20,050 530 INDIA - ZHEN HUA 5 BULK 53,400 1976 10,892 460 OLD SALE ALAKNANDA BULK 47,221 1986 10,173 530 INDIA - MENTOR BULK 34,947 1983 7,747 500 PAKISTAN - GLORY I BULK 30,910 1981 6,801 505 BANGLADESH UNDER TOW ATRA 1 BULK 8,730 1987 3,428 526 INDIA - ATLANTIC LEADER TWEEN 19,036 1985 8,920 547 INDIA - NORD GAIN TWEEN 12,720 1982 6,000 477 INDIA AS IS HALDIA TYPE DELY NEWBUILDINGS BULK 97,000 2013/14 IHI P+C DAIICHI CHUO KISEAN KAISHA 3 UNITS / NEW E FUTURE DESIGN BULK 58,000 2012/13 NANTONG COSCO P+C JOSCO 2 UNITS BULK 58,000 2012 NANTONG COSCO P+C KUMIAI SENPAKU 2 UNITS BULK 58,000 2013 NANTONG COSCO P+C MITSUBISHI CORP 2 UNITS BULK 35,500 2013 CHENGXI P+C CSL GROUP LNG 155,000 CBM 2 UNITS / SELF UNLOADER 2014/15 HYUNDAI HI 200M BW MARITIME 2+2 OPTION 7
MARKET RATES BRENT GBP USD USD K WON USD YEN EURO USD PREVIOUS WEEK 113.15 1.5811 1113.5 76,705 1.3808 CURRENT WEEK + / - 103.9 1.5435-9.25-0.0376 1139.6 26.1 76,215-490 1.3465-0.0343 8