weekly shipping market report week 22 · weekly shipping market report - pg. 2 week 22 (22nd may to...
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WEEKLY SHIPPING MARKET REPORT - pg. 1
Week 22 (22nd May to 29th May 2020)
Bulkers
Sato Steamship have disposed their Panamax “Diamond Wind” 76/2010 Shin Kasado, Japan (SS/DD 07/2022) at a price of USD 12,5 mill. For comparison, the two-years-younger “Coral Amber” 78/2012 Shin Kurushima, Japan was sold in March at USD 14,5 mill. Moreover, the vintage Panamax “Meister” 69/1997 Imabari, Japan (SS 06/2022, DD 06/2020) was committed to Chinese buyers for USD 3,3 mill, while the one-year-older “Everlucky” 70/1996 Sumitomo, Japan was sold in March at USD 3,7 mill.
BW Group are rumored to have sold their Supramax “BW Flax” 58/2010 Tsuneishi Cebu, Philippines (SS/DD 03/2022) to either Greek or Bangladeshi buyers for USD 10,5 mill. Furthermore, “Blue Marlin I” 57/2008 Zhejiang Zhenghe, China achieved in a Chinese court auction levels USD 4,85 mill from Chinese buyers (underbidders were Greek).
German owners are on subjects to sell their Handysize “Swakop” 34/2013 Yangfan, China (SS 01/2023, DD 02/2021) at USD 8,4 mill. Latest similar sale was in March, when the one-year-older “Orient Alliance” 34/2012 Samjin, China was sold for USD 7 mill. In addition, “Joo Do” 32/2003 Saiki, Japan (SS/DD 07/2022) of Asan Merchant Marine was sold to undisclosed buyers for a price of USD 4,5 mill while Daisan Kaiun’s BWTS fitted “Wave Friend” 28/2010 Imabari, Japan (SS 03/2025, DD 06/2022) is on subjects to be sold to Greek buyers at levels USD 6,4-6,5 mill.
Tankers
Valles Steamship have sold their Aframax “Seapacis” 106/2005 Namura & Sasebo, Japan (SS/DD 09/2020) to Indonesian buyers for USD 15,75 mill basis prompt delivery. Remind you that the one-year-older Korean built “Pallas Orust” 115/2004 Samsung, Korea was sold last month at levels USD 14 mill.
MR2 “Ridgebury Julia M” 46/2007 Shin Kurushima Onishi, Japan (SS/DD 09/2022) of Ridgebury Holdings has been committed for USD 13,5 mill with DD freshly passed. For comparison, the two-years-younger “Jal Anant” 47/2009 Nakai Zosen, Japan was sold in March at USD 15 mill.
SOVCOMFLOT’s MR2 sister vessels “Hermitage Bridge” 48/2003 Hyundai Mipo, Korea (SS 08/2023, DD 11/2021) & “Anichkov Bridge” 48/2003 Hyundai Mipo, Korea (SS 11/2023, DD 02/2022) were sold to Greek buyers IMS for USD 9,3 mill each. Note that last week, the one-year-older sister vessels “Torm Mary” 46/2002 Stx, Korea & “Torm Vita” 46/2002 Stx, Korea were sold for USD 10 mill each with DD due 06/2020 for both vessels.
Baltic Indices
INDEX 29-May 22-May ± (%)
BDI 504 498 1,20%
BCI 46 162 -71,60%
BPI 754 635 18,74%
BSI 500 486 2,88%
BHSI 271 249 8,84%
Daily T/C Avg 29-May 22-May ± (%)
Capesize $ 3.369 $ 4.140 -18,62%
Kamsarmax $ 6.789 $ 5.718 18,73%
Panamax $ 5.453 $ 4.382 24,44%
Supramax $ 5.505 $ 5.350 2,90%
Handysize 38 $ 4.875 $ 4.487 8,65%
INDEX 29-May 22-May ± (%)
BDTI 713 735 -2,99% BCTI 587 579 1,38%
-1.000
0
1.000
2.000
3.000
4.000Bulkers
B.D.I B.C.I B.P.I. B.S.I. B.H.S.I.
0
400
800
1.200
1.600
2.000
2.400
Tankers
BDTI BCTI
WEEKLY SHIPPING MARKET REPORT WEEK 22
WEEKLY SHIPPING MARKET REPORT - pg. 2
Week 22 (22nd May to 29th May 2020)
Capesize
Iron ore rates on the West Australia / China route continued throughout
Week 22 at the level of low usd 4,00’s fio. No period activity to report here.
Kamsarmax / Panamax
North Pacific rounds ranged at the usd 6,000/7,000 pd. A number of
Indonesian trips into China were reported at around usd 7,000/8,000 pd
levels. A number of Australian trips into China were reported at around usd
5,000/6,000 pd levels. Continental trips into China via US Gulf and South
Africa were fixed around usd 13,000 pd. North Coast South American into
Continent were reported at the level of usd 6,000/6,500 pd without any
ballast bonus. South American trips into China were fixed around usd
12,000/12,700 pd plus ballast bonus at the usd 200K/275K. Usd 9,000 pd on
a Kamsarmax for 5/8 months employment basis delivery in the Pacific.
Ultramax / Supramax
A number of Indonesian trips into China were reported at the level of usd
6,000 pd. A number of Indonesian trips into India were fixed around usd
4,000 pd. South East Asian trips into China with nickel ore were reported at
the level of usd 8,000/9,000 pd. Indian iron ore trips into China were
reported at the level of usd 12,000 pd. South African trips into China were
fixed around usd 11,500 pd plus ballast bonus at the usd 125K. Continental
trips into Mediterranean with scrap were fixed around usd 5,300 pd. No
period activity to report here.
Handymax / Handysize
A generally quiet week for this segment. CIS Pacific rounds ranged at the usd
5,500 pd. A number of Indonesian trips into China were reported at around
usd 6,500 pd. A number of Australian trips into China with grains were fixed
around usd 10,000 pd. No period activity to report here.
0
5.000
10.000
15.000
20.000
25.000
30.000
$/d
ay
Capesize
0
2.000
4.000
6.000
8.000
10.000
12.000
$/d
ay
Panamax
0
2.000
4.000
6.000
8.000
10.000
$/d
ay
Supramax
0
2.000
4.000
6.000
8.000
10.000
$/d
ay
Handysize 38k
DRY BULK COMMENTARY
WEEKLY SHIPPING MARKET REPORT - pg. 3
Week 22 (22nd May to 29th May 2020)
Bulk Carriers
Type Name Dwt YoB Yard SS M/E Gear Price Buyer Comments
Panamax Diamond
Wind 76.536 2010
Shin Kasado,
Japan 07/2022
MAN-
B&W - $ 12,5m Undisclosed
Panamax Meister 69.118 1997 Imabari, Japan 06/2022 Sulzer - $ 3,3m Chinese DD 06/2020
Supramax BW Flax 58.096 2010 Tsuneishi Cebu,
Philippines 03/2022
MAN-
B&W 4x30T $ 10,5m
Greek or
Bangladeshi
Supramax Blue Marlin I 57.078 2008 Zhejiang
Zhenghe, China
MAN-
B&W 4x30T $ 4,85m Chinese Auction sale
Handymax Sea Arrow 46.747 1998 Sanoyas
Hishino, Japan 04/2023 Sulzer 4x30T $ 3,35m Chinese
Handymax Zhong Chang
288 40.000 2012
Zhejiang
Qinfeng, China
MAN-
B&W - $ 10,2m Chinese
Handysize Joo Do 32.259 2003 Saiki, Japan 07/2022 Mitsubishi 4x30T $ 4,5m Undisclosed
Handysize KBS Star 30.548 2007 Shanghaiguan,
China 10/2022
MAN-
B&W 4x30T Undisclosed Vietnamese Old sale
Handysize Ubc Bremen 24.073 1998 Saiki, Japan 05/2023 Mitsubishi 4x30T $ 2,7m Undisclosed
Tankers Type Name Dwt YoB Yard SS M/E Price Buyer Comments
VLCC Marina M 308.491 2000 Hyundai, Korea 06/2023 Sulzer Undisclosed Undisclosed Old sale
Aframax Seapacis 105.747 2005 Namura & Sasebo, Japan 09/2020 MAN-B&W $ 15,75m Indonesian Prompt
delivery
MR Ridgebury
Julia M 45.980 2007
Shin Kurushima Onishi,
Japan 09/2022 MAN-B&W $ 13,5m Undisclosed
DD freshly
passed
MR Hermitage
Bridge 47.880 2003 Hyundai Mipo, Korea 08/2023 B&W $ 9,3m
Greek (IMS)
MR Anichkov
Bridge 47.842 2003 Hyundai Mipo, Korea 11/2023 MAN-B&W $ 9,3m
Chemical/Oil
Products Primo M 18.596 2000 Vulcano, Spain 10/2020 MAN Undisclosed Undisclosed St St
Small Mersey
Spirit 2.366 1996 Rota, Turkey 02/2021 Alpha $ 1m
Italian
(ANAPO)
REPORTED SALES
WEEKLY SHIPPING MARKET REPORT - pg. 4
Week 22 (22nd May to 29th May 2020)
Indicative Demolition Prices
Country Price $/ldt
Bu
lke
rs
India 290
Bangladesh 280
Pakistan 270
Turkey 160
Tan
kers
India 310
Bangladesh 300
Pakistan 290
Turkey 170
Demolition Sales
Type Vessel Dwt YoB Ldt Price $/ldt Country Comments
Container Kokura 84.900 1997 33.100 330 Bangladesh
Container E. R. Pusan 67.737 2000 24.702 285 India HKC green recycling
Bulker Cape Orchid 172.569 2001 21.221 285 India HKC green recycling
140
160
180
200
220
240
260
280
300
$/l
dt
Tankers
Turkey
140
160
180
200
220
240
260
280
300
$/l
dt
Bulkers
Turkey
260
280
300
320
340
360
380
400
420
440
460
$/l
dt
Tankers
India Bangladesh Pakistan
260
280
300
320
340
360
380
400
420
440
460$
/ld
t
Bulkers
India Bangladesh Pakistan
DEMOLITION
WEEKLY SHIPPING MARKET REPORT - pg. 5
Week 22 (22nd May to 29th May 2020)
Tankers
Units Dwt Yard Delivery Price Owner Comments
2 307.000 DSIC, China 2021 $ 84m Chinese (CMES)
2+2 157.000 Hyundai, Korea 2021 $ 57m Angolan (Sonangol)
NEWBUILDING
WEEKLY SHIPPING MARKET REPORT - pg. 6
Week 22 (22nd May to 29th May 2020)
0
10
20
30
40
50
2115,5
8,55,5
1611
6,5
27
19
138,5
29,523
49
27
20
11,5
Mill
ion
US$
BulkersCapesize
Kamsarmax
Panamax
Ultramax
Supramax
Handysize
Prompt Resale 5 years 10 years 15 years
0
20
40
60
80
100
3828
1912
54
40
26,517
67,5
51
36
23,5
98
73
50
38
Mill
ion
US$
Tankers
VLCC
Suezmax
Aframax
MR
Prompt Resale 5 years 10 years 15 years
Bulkers Tankers
Size Age Week
22 Week
21 ± %
Size Age
Week 22
Week 21
± %
Capesize 180k Resale 49 49,5 -1,01% VLCC 310k Resale 98 99 -1,01%
Capesize 180k 5 years 27 27 0,00% VLCC 310k 5 years 73 74 -1,35%
Capesize 180k 10 years 20 21 -4,76% VLCC 300k 10 years 50 51 -1,96%
Capesize 170k 15 years 11,5 12,5 -8,00% VLCC 300k 15 years 38 39 -2,56%
Kamsarmax 82k Resale 29,5 30 -1,67% Suezmax 160k Resale 67,5 69 -2,17%
Kamsarmax 82k 5 years 23 23 0,00% Suezmax 160k 5 years 51 52,5 -2,86%
Panamax 76k 10 years 13 13 0,00% Suezmax 150k 10 years 36 37,5 -4,00%
Panamax 74k 15 years 8,5 9 -5,56% Suezmax 150k 15 years 23,5 24 -2,08%
Ultramax 63k Resale 27 27 0,00% Aframax 110k Resale 54 55 -1,82%
Ultramax 61k 5 years 19 19,5 -2,56% Aframax 110k 5 years 40 41,5 -3,61%
Supramax 58k 5 years 16 16,5 -3,03% Aframax 105k 10 years 26,5 27,5 -3,64%
Supramax 56k 10 years 11 11 0,00% Aframax 105k 15 years 17 17 0,00%
Supramax 52k 15 years 6,5 7 -7,14% MR 52k Resale 38 39 -2,56%
Handysize 38k Resale 21 22 -4,55% MR 51k 5 years 28 30 -6,67%
Handysize 37k 5 years 15,5 16,5 -6,06% MR 47k 10 years 19 19 0,00%
Handysize 32k 10 years 8,5 8,5 0,00% MR 45k 15 years 12 12 0,00%
Handysize 28k 15 years 5,5 5,5 0,00%
INDICATIVE PRICES
WEEKLY SHIPPING MARKET REPORT - pg. 7
Week 22 (22nd May to 29th May 2020)
Currencies Currency 28-May 21-May ± (%)
EUR / USD 1,1077 1,0950 1,16% USD / JPY 107,65 107,61 0,04%
USD / KRW 1.239,45 1.230,78 0,70% NOK / USD 0,1023 0,1006 1,69%
Commodities Commodity 28-May 21-May ± (%)
Brent Crude (BZ) 35,29 36,06 -2,14% WTI Crude Oil (WTI) 33,71 33,92 -0,62%
Natural Gas (NG) 1,83 1,71 7,02% Gold (GC) 1.728,30 1.721,90 0,37%
Copper (HG) 2,41 2,43 -0,82% Wheat (W) 514,50 516,00 -0,29%
1,06
1,08
1,10
1,12
1,14
1,16
EUR / USD
-40
-20
0
20
40
60
80
$/b
bl
Oil PricesBrent Crude
WTI Crude
KEY INDICATORS
WEEKLY SHIPPING MARKET REPORT - pg. 8
Week 22 (22nd May to 29th May 2020)
Stock Prices – Shipping Companies
Company Stock Exchange 28-May 21-May ± (%) Diana Shipping Inc (DSX) NYSE 1,40 1,46 -4,11% Euroseas Ltd (ESEA) NASDAQ 2,75 2,24 22,77% Eagle Bulk Shipping Inc (EGLE) NASDAQ 1,87 1,89 -1,06% Navios Maritime Holdings Inc (NM) NYSE 2,26 2,19 3,20% Navios Maritime Partners LP (NMM) NYSE 6,57 6,20 5,97% Star Bulk Carriers Corp (SBLK) NASDAQ 5,06 5,20 -2,69% Seanergy Maritime Holdings Corp (SHIP) NASDAQ 0,13 0,14 -7,14% Safe Bulkers Inc (SB) NYSE 0,99 0,91 8,79% Golden Ocean Group Ltd (GOGL) NASDAQ 3,13 3,43 -8,75%
Stock Prices - Wet
Company Stock Exchange 28-May 21-May ± (%) Capital Product Partners LP (CPLP) NASDAQ 8,34 8,09 3,09% TOP Ships Inc (TOPS) NASDAQ 0,13 0,14 -7,14% Tsakos Energy Navigation Ltd (TNP) NYSE 2,76 2,70 2,22%
Stock Prices - Other
Company Stock Exchange 28-May 21-May ± (%) Danaos Corp (DAC) NYSE 4,25 4,16 2,16% StealthGas Inc (GASS) NASDAQ 2,75 2,43 13,17% Rio Tinto PLC (RIO) NYSE 52,51 51,82 1,33% Vale SA (VALE) NYSE 9,31 9,13 1,97% Archer-Daniels-Midland Co (ADM) NYSE 39,00 35,12 11,05% BHP Group Ltd (BHP) NYSE 46,70 45,54 2,55%
SHIPPING INDICATIVE SHARE VALUE
WEEKLY SHIPPING MARKET REPORT - pg. 9
Week 22 (22nd May to 29th May 2020)
ADVANCED SHIPPING & TRADING S.A.
Vouliagmenis Avenue 168, 1st Floor,
Glyfada 16674, Greece
Tel: +30 210 30 03 000
Fax: +30 210 30 01 305
Sale & Purchase Department: Capt. Fountoglou Michalis Mob: +30 6947 70 07 18 Thermos Stavros Mob: +30 6944 24 20 20
Harrington James Mob: +44 7768 10 45 33
Papoutsis George Mob: +30 6951 00 51 65
Balpakakis Manolis Mob: +30 6955 47 77 72
Chrousalas Thanasis Mob: +30 6955 47 77 73
Landrakis Stelios Mob: +30 6955 47 77 74
Bilias Tasos Mob: +30 6955 47 77 71
Kontaratos Alkis Mob: +30 6949 19 11 79
Markoutsa Nela Mob: +30 6959 99 85 10
Roussos Pantelis Mob: +30 6955 19 57 42
Mylona Irini Mob: +30 6951 97 60 02
Grigoriou Nikos Mob: +30 6946 85 89 29
Operations Department:
Katsouli Fotini Mob: +30 6942 54 23 57
Chief Executive Consultant:
Capt. Galonis Dimitrios Mob: +30 6945 55 36 81
E-mail: snp@advanced-ship.gr
E-mail: chartering@advanced-ship.gr
E-mail: finance@advanced-ship.gr
E-mail: research@advanced-ship.gr
Dry Cargo Chartering Department:
Pittas Jordan Mob: +30 6944 05 27 46
Benetos Kostas Mob: +30 6943 29 32 13
Filippis Dimitris Mob: +30 6949 19 58 96
Veronikis Spyros Mob: +30 6946 28 07 21
Paraskevopoulou Mina Mob: +30 6949 37 47 06
Dienis Angelos Mob: +30 6951 82 94 48
Ploumpis Stefanos Mob: +30 6951 00 24 36
Petrou Viky Mob: +30 6983 32 55 69
Research Department:
Avdikos Alexandros Mob: +30 6979 49 91 78
Liadi Ioanna Mob: +30 6946 75 59 10
Liadi Artemis Mob: +30 6956 58 41 49
Accounting Department: Stergiou Kostas Mob: +30 6942 09 73 10
“ THINK BIG ” Legal Disclaimer The information contained herein has been obtained by various sources. Although every effort has been made to ensure that this information is accurate, complete and up-to-date, Advanced Shipping & Trading S.A. does not accept any responsibility whatsoever for any loss or damage occasioned or claimed, upon reliance on the information, opinions and analysis contained in this report. Research compiled by: Advanced Shipping & Trading S.A. Market Research on behalf of the Sale & Purchase, Dry Cargo Chartering and Tanker Chartering Departments. For any questions, please contact: research@advanced-ship.gr
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