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ATHENIAN SHIPBROKERS S.A.
107-109, Vas. Pavlou Str., GR 166 73, Voula , Athens, Greece
Tel: 210 9659700 - Fax: 210 8996040
Internet Mail: [email protected]
www.atheniansa.gr
November 2011
M O N T H L Y R E P O R T
0
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8000
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12000
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v-0
1
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-02
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No
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-03
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No
v-0
3
Mar
-04
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04
No
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Mar
-05
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05
No
v-0
5
Mar
-06
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06
No
v-0
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Mar
-07
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07
No
v-0
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Mar
-08
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08
No
v-0
8
Mar
-09
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09
No
v-0
9
Mar
-10
Jul-
10
No
v-1
0
Mar
-11
Jul-
11
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v-1
1
Baltic Dry Index
PRICES TANKERS ($ MIO)
* Prices reflect Year’s end 2006* 2007* 2008* 2009* 2010* Nov-11
VLCC 5Y 117,2 136,0 155,8 78,0 87,8 55.6
VLCC 10Y 95,8 114,5 131,0 59,5 64,3 34.2
SUEZMAX 5Y 81,0 95,5 106,0 57,0 62,8 45.7
AFRAMAX 5Y 65,3 70,0 76,8 40,5 44,5 34.8
AFRAMAX10Y 51,8 60,0 64,7 23,5 30,7 19.5
PANAMAX5Y 55,5 60,4 61,0 35,5 39,0 31.2
45K 5Y D/H 47,3 53,0 52,7 23,5 27,3 26.1
45K 10Y D/H 38,9 44,7 43,2 16,0 19,7 16.5
45K 20Y 13,2 12,8 10,0 4,0 6,7 6.0
PRICES BULKERS ($ MIO)
* Prices reflect Year’s end 2006* 2007* 2008* 2009* 2010* Nov-11
CAPESIZE 5Y 81,2 148,0 45,5 54,5 57,0 36.5
CAPESIZE 10Y 61,8 103,0 30,0 45,0 43,0 28.0
CAPESIZE 15Y 43,0 88,5 21,0 28,0 26,0 15.3
CAPESIZE 20Y 21,3 60,0 15.2 16,5 16,4 10.5
PANAMAX 5Y 45,4 89,0 25,5 35,0 38,5 26.5
PANAMAX 10Y 37,0 71,5 19,0 27,5 31,6 18.8
PANAMAX 15Y 27,7 61,0 12,5 22,0 23,1 12.6
PANAMAX 20Y 16,1 44,0 9,2 12,0 13,8 9.1
SUPRAMAX 5Y 40,0 74,5 24,0 27,5 31,9 26.5
HANDYMAX10Y 32,0 60,5 18,2 22,0 24,7 18.9
HANDYMAX15Y 22,1 46,0 13,0 17,5 20,0 11.9
HANDYMAX20Y 15,4 36,0 7,4 11,0 12,0 8.1
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
2
S E C O N D H A N D T O N N A G E M A R K E T
*Excluding demolition sales
Sale and Purchase Market - Second Hand units
Ship Type Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Total
BULK 32 42 40 32 37 46 229 TANK 20 37 18 23 24 29 151 GAS 2 14 8 2 10 0 36 CONT 5 9 7 14 14 6 55 TWEEN 3 6 1 0 2 2 14 REEF 0 0 0 1 6 1 8 RORO 3 2 0 1 0 0 6 FERRY 1 2 0 0 0 1 4 CRUISE 0 0 0 0 1 0 1
Total 66 112 74 73 94 85 504
546
48
615
39
0
200
400
600
800
THIS MONTH - PREVIOUS MONTH
S&P Activity Dry (<5,000 Dwt)
AVAILABLE FOR SALE
REPORTED SOLD
PREVIOUS MONTH A/BLE FORSALEPREVIOUS MONTH SALES
179
29
196
24
0
100
200
300
THIS MONTH - PREVIOUS MONTH
S&P Activity - Tankers (<5,000 Dwt)
AVAILABLE FOR SALE
REPORTED SOLD
PREVIOUS MONTH A/BLE FORSALEPREVIOUS MONTH SALES
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
3
TANKER SALES
626 619
892
659 650 683
0
200
400
600
800
1000
49 1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46
WEEK NO
Baltic Clean Tanker - Yearly
2011 2010
1061
660
1047
737 693
842
300
500
700
900
1100
1300
49 1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46
WEEK NO
Baltic Dirty Tanker - Yearly
2011 2010
731
699
679
705
640
660
680
700
720
740
26/10/2011 02/11/2011 09/11/2011 16/11/2011 23/11/2011
Baltic Clean Tanker - Monthly
781
759
770
762
787
780
720
740
760
780
800
820
26/10/2011 02/11/2011 09/11/2011 16/11/2011 23/11/2011
Baltic Dirty Tanker - Monthly
NAME DWT BLT PRICE $ BUYER
NAVAJO 3418 2002 S.KOREA DH 6.3 MIO S.KOREAN
LISA 4285 2007 CHINA DH 2.98 MIO ITALIAN (Via Auction)
MARIM 4285 2007 CHINA DH 2.65 MIO GREEK (Via Auction on Asis Whr is
Bss) TRANS MARMARA 5825 2003 TURKEY DH 4 MIO UNDISCLOSED
DOROTHEA 5980 1997 JAPAN DH 5.2 MIO ENBLOC BSS▼ FIONA 8511 1997 JAPAN DH 6.5 MIO WOO JIN SHIPPING, S.KOREA
CHEM POLLUX 12441 1995 ITALY DH 6.1 MIO UNDISCLOSED
ANEFANI 15885 1998 GERMANY DH 6.3 MIO GREEK (Via Auction on Asis Whr is
Bss) RHEINSTERN 17080 1993 GERMANY DH 7.5 MIO NIGERIAN DONAUSTERN 17094 1995 GERMANY DH 7.8 MIO UNDISCLOSED GOLDEN TOPSTAR 19735 2010 JAPAN DH 27.7 MIO UNDISCLOSED
PRODROMI 19996 2000 RUSSIA DH 7.5 MIO GREEK (Via Auction on Asis Whr is
Bss) KING EDWIN 35775 2000 S.KOREA DH 14.5 MIO UNDISCLOSED DAI VIET 37432 2005 S.KOREA DH 21.7 MIO GREEK BEAVER 40302 1984 YUGOSLAVIA DB 5 MIO UNDISCLOSED JAG PRATAP 45692 1995 S.KOREA DH 8.5 MIO UNDISCLOSED IOANNIS P 46349 2003 S.KOREA DH 21.5 MIO GREEK PACIFIC CRYSTAL 46842 1993 S.KOREA DH 7.25 MIO UNDISCLOSED DELOS 47067 1991 S.KOREA DH 7.3 MIO GREEK SANKO LIBRA 47378 2010 JAPAN DH 32 MIO US BASED SANKO LYNX 47678 2010 JAPAN DH 32 MIO US BASED OCEAN LADY 105579 2002 JAPAN DH 21.5 MIO SINOKOR, S.KOREA SALI 110461 1994 CROATIA DH 13 MIO UNDISCLOSED
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
4
15986 23106
10603 350013500235003350043500535006350073500
Nov-10 Jan-11 Mar-11 May-11 Jul-11 Sep-11 Nov-11
$/D
ay
Spot Market - Tankers VLCC
SUEZMAX
AFRAMAX
19120 17230
13700
0
5000
10000
15000
20000
25000
30000
35000
Nov-10 Jan-11 Mar-11 May-11 Jul-11 Sep-11 Nov-11
$/D
ay
Period Market - Tankers 1 Year T/C
VLCC
SUEZMAX
AFRAMAX
FRONT HUNTER 146268 1996 UK DH 13.2 MIO VIETNAMESE WILSKY 164787 2009 S.KOREA DH 52.2 MIO US BASED TOKACHI 280973 1999 JAPAN DH 28 MIO SINOKOR, S.KOREA EAGLE VALENCIA 306999 2005 S.KOREA DH 53 MIO UNDISCLOSED
LEANDER 308491 1999 S.KOREA DH 33.5 MIO SBM OFFSHORE, MONACO (Via
Auction)
HERO I 308571 1999 S.KOREA DH 33.5 MIO SBM OFFSHORE, MONACO (Via
Auction)
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
5
BULKER SALES
NAME DWT BLT GEAR PRICE $ BUYER
LIST 5099 2000 CHINA CR 2X40 4.6 MIO UNDISCLOSED (Private
Tender) ASIAN AMBITIOUS 5797 1995 JAPAN D 1X30, D 2X22 3 MIO UNDISCLOSED
GLOBAL HEMERA 7394 2008 CHINA GLESS * ENBLOC BSS▼ GLOBAL HERMES 7448 2006 CHINA GLESS * ENBLOC BSS▼ GLOBAL HELIOS 7448 2006 CHINA GLESS * ENBLOC BSS▼ GLOBAL HERA 7448 2006 CHINA GLESS * ENBLOC BSS▼ GLOBAL HESTIA 7448 2007 CHINA GLESS * ENBLOC BSS▼
GLOBAL HEBE 7486 2005 CHINA GLESS 24 MIO UK BASED (Via Auction.
Price Each) MEGAH LIMA 8680 1997 JAPAN CR 2X30, D 2X25 15.3 MIO INDONESIAN AO LI 8 9000 2010 CHINA CR 2X40 13.5 MIO RUSSIAN DOLCE X 9655 1984 SPAIN CR 2X16, D 2X16 1.4 MIO UNDISCLOSED
ASIAN HERO 11432 2006 JAPAN CR 1X60, CR
2X30, D 2X30 10.5 MIO S.KOREAN
FRIENDLY SEA 12034 1996 JAPAN CR 2X30, D 1X25 7 MIO UNDISCLOSED OCEAN VITA 16857 1997 CHINA CR 2X25 4.5 MIO ROMANIAN (Bank Sale) SELETAR HOPE 18320 2000 JAPAN CR 3X30 10.5 MIO GREEK RIO NEGRO 20567 1999 GERMANY CR 2X60 12.3 MIO UNDISCLOSED AQUILA COMPANION 20567 2000 GERMANY CR 2X60 10.5 MIO FAR EASTERN NEW ACCORD 27359 1996 S.KOREA CR 4X25 10.3 MIO GREEK
STX QUEENSLAND 33720 2005 JAPAN CR 4X30 20 MIO PRECIOUS SHIPPING, THAILAND
STX PIONEER 33733 2005 JAPAN CR 4X30 20 MIO PRECIOUS SHIPPING, THAILAND
779
668
659
500
550
600
650
700
750
800
850
26/10/2011 02/11/2011 09/11/2011 16/11/2011 23/11/2011
Baltic Handysize
2
1531
1404
1326
1381 1378
1150
1200
1250
1300
1350
1400
1450
1500
1550
1600
26/10/2011 02/11/2011 09/11/2011 16/11/2011 23/11/2011
Baltic Supramax
2
1931
1761
1831 1848
1600
1650
1700
1750
1800
1850
1900
1950
2000
26/10/2011 02/11/2011 09/11/2011 16/11/2011 23/11/2011
Baltic Panamax
4
3274
2779
3162 3223
3049
2000
2200
2400
2600
2800
3000
3200
3400
3600
3800
26/10/2011 02/11/2011 09/11/2011 16/11/2011 23/11/2011
Baltic Capesize
44 4438
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
6
STELLA ALNILAM 34601 2010 CHINA CR 4X35 24.5 MIO GREEK BRAVERY 35676 1983 JAPAN CR 4X25 3.33 MIO UNDISCLOSED KOSTAS N 35971 1982 JAPAN CR 4X25 5 MIO CHINESE OCEAN JADE 37216 1984 S.KOREA CR 4X25 5 MIO SYRIAN OCEAN WIND 37306 1983 JAPAN CR 4X25 4.7 MIO CHINESE TEAM SPIRIT 37593 1984 JAPAN CR 5X25 5 MIO GREEK PARNASSOS 40907 1984 JAPAN CR 4X25 5.1 MIO GREEK ORANA 44849 1991 JAPAN CR 3X14.7 9.7 MIO CHINESE BONASIA 46509 2001 JAPAN CR 4X30 20.3 MIO GREEK WESTERN SANTIAGO 46637 1997 JAPAN CR 4X31 14 MIO GREEK
ZHEJIANG ZENGZHOU 003 57000 2012 CHINA CR 4X30 26 MIO COURAGE MARINE, TAIWAN
PLEIADES 68962 1997 JAPAN GLESS 14 MIO GREEK BIG WAVE 69346 1989 JAPAN GLESS 8 MIO CHINESE ETERNAL WIND 71372 1997 JAPAN GLESS 12.4 MIO CHINESE MERIAN 74717 2000 CHINA GLESS 17.2 MIO DILEK SHIPPING PENGLAI JINGLU JI0026 75200 2011 CHINA GLESS 31 MIO BRAZILIAN MINERAL STAR 76286 2005 JAPAN GLESS 27 MIO UNDISCLOSED LUO DA 79600 2011 CHINA GLESS 28.75 MIO UNDISCLOSED VATHY 81297 2010 JAPAN GLESS 32.5 MIO GREEK STX JINHAE 2054 81700 2011 S.KOREA GLESS 32.5 MIO GREEK HUYNDAI MIPO 6062 82000 2012 S.KOREA GLESS 35 MIO GREEK KAMISU MARU 151102 1994 JAPAN GLESS 15.5 MIO UNDISCLOSED ROYAL OASIS 161192 1994 S.KOREA GLESS 16.5 MIO GREEK FORMOSABULK ENERGY 170089 2002 JAPAN GLESS 30.5 MIO GREEK HOUHENG SUNRISE 176298 2003 JAPAN GLESS 34 MIO GREEK (Dely 3/2012) UNIVERSAL TSU 167 207000 2012 JAPAN GLESS 57 MIO GREEK
24537
11834
10117
0
5000
10000
15000
20000
25000
30000
35000
Nov-10 Jan-11 Mar-11 May-11 Jul-11 Sep-11 Nov-11
$/D
ay
Spot Market - Bulkers CAPESIZE
PANAMAX
HANDYMAX
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
7
COMBO SALES
NAME DWT BLT GEAR PRICE $ BUYER
FRONT RIDER 169718 1992 S.KOREA 12.5 MIO CHINESE
TWEEN SALES
NAME DWT BLT GEAR TEU PRICE $ BUYER
CARIBE MAIDEN 22500 1987 UK CR 6X32 796 5.75 MIO CHINESE OTTAWA PRINCESS 22800 1987 UK CR 6X32 796 5.75 MIO CHINESE
CONTAINER SALES
NAME DWT BLT GEAR TEU PRICE $ BUYER
SIEFKE 5700 2002 CHINA CR 2X45 520 4.8 MIO UNDISCLOSED PARIS JR. 18400 1996 POLAND CR 2X43 848 4.5 MIO GREEK MERIAN 20336 1994 GERMANY CR 3X45 1452 19.7 MIO GREEK
ST CERGUE 39316 2006 S.KOREA GLESS 2824 25 MIO GERMAN (Incl TC Attached for 9
MOS to Maersk at USD 8500 Pd) CMA CGM VERDI 73235 2004 S.KOREA GLESS 5782 45 MIO ENBLOC BSS▼ CMA CGM WAGNER
73235 2004 S.KOREA GLESS 5782 45 MIO GREEK (Incl TC Back 5 Yrs at USD
25000 PD)
REEFER SALES
NAME DWT BLT GEAR CBFT PRICE $ BUYER
ATLANTIK FRIGO 11000 89 YUGOSLAVIA CR 4X16 459871 1.8 MIO UNDISCOSED (Bss Laid
up/asis)
RORO SALES
NAME GT BLT LANE MTS/CARS PAX PRICE $ BUYER
AUSTRHEIM 749 1971 NORWAY 32 399 0.7 MIO UNDISCLOSED
20220 20840
16000
0
5000
10000
15000
20000
25000
30000
35000
Nov-10 Jan-11 Mar-11 May-11 Jul-11 Sep-11 Nov-11
$/D
ay
Period Market - Bulkers 1 Year T/C
CAPE
PMAX
HANDYMAX
44
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
8
N E W B U I L D I N G M A R K E T A N D R E P O R T E D C O N T R A C T S
Dry Bulk Orderbook
Ship Type 2011 (deliv) 2011 2012 2013 2014 2015 2016+ Total
VLOC 25 7 48 14 10 2 0 81
Capesize 173 43 156 66 7 7 0 279
Small Cape 113 33 120 23 8 0 0 184
Panamax 172 74 434 178 42 0 0 728
Supramax 315 99 377 165 15 1 0 657
Handys 237 73 322 146 18 0 0 559
Total 1035 329 1457 592 100 10 0 2488
Tanker Orderbook
Ship Type 2011 (deliv) 2011 2012 2013 2014 2015 2016+ Total
ULCC/VLCC 55 21 61 43 7 0 0 132
Suezmax 39 6 61 39 4 0 0 110
Aframax 53 12 52 23 5 0 0 92
Panamax 27 6 22 16 2 0 0 46
MR 65 9 82 49 4 0 0 144
Handy 21 9 9 4 0 0 0 22
Total 260 63 287 174 22 0 0 546
LPG Tank Orderbook
Ship Type 2011 (deliv) 2011 2012 2013 2014 2015+ Total
VLGC 2 1 2 10 0 0 13
LGC 0 0 0 0 0 0 0
MR 3 1 2 1 0 0 4
Handy 9 1 12 9 1 1 24
Small 32 20 33 5 3 3 64
Total 46 23 49 25 4 4 105
99.4
60.9 52.7
35.4
0
20
40
60
80
100
120
Nov-09 Mar-10 Jul-10 Nov-10 Mar-11 Jul-11 Nov-11
$m
Tanker Prices VLCC Suezmax
Aframax MR
1
5
3
48.4
28.7
26.8
22.3
0
10
20
30
40
50
60
70
Nov-09 Mar-10 Jul-10 Nov-10 Mar-11 Jul-11 Nov-11
$m
Bulker Prices Capesize Panamax
Handymax Handysize
5
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
9
80
215
90.7
191
972
225
7
121 53.1
0
100
200
300
400
500
600
700
800
900
1000
2009 2010 Nov-11
No
. o
f V
es
se
ls
Newbuilding Sales Tankers >10,000 dwt
Bulkers >10,000 dwt
Containerships
49
115
57
14.9
44.9
33
0
20
40
60
80
100
120
140
Nov-11 2012 2013+
m. d
wt
Delivery Schedule Bulkers >10,000 dwt.
Tankers >10,000 dwt
44.8
18.7
10.7 4.1
13
0
5
10
15
20
25
30
35
40
45
50
November 2011
m.
dw
t
Tanker Newbuildings on Order VLCC Suezmax
Aframax Panamax
Products
97.7
65
40
20.8
0
20
40
60
80
100
120
November 2011
m. d
wt
Bulker Newbuildings on Order Capesize Panamax
Handymax Handysize
Newbuilding Historical Prices ($m)
Tankers Nov-11 2010 2009 2008 2007 2006 2005 2004 2003 2001 1995 1990 1985
310,000 DWT1 99.4 104.8 97.5 150 145 130 120 108 77.1 69.9 85.3 87.4 2 38.2
170,000 DWT1 60.9 66.3 61 90 90 80 71.5 71 51.4 46.3 54 66.1 2 28.2
110,000 DWT1 52.7 56 49.5 74 72 65.5 58 60 41.4 36.3 43.3 53.2 2 18.1
47,000 DWT1 35.4 36.1 35 46.5 52 47 43 39 31.4 26.2 33.2 3
32.1 3
13.3
Bulkers
180,000 DWT1 48.4 57.2 55.5 87 96 67 58.5 64.5 48.2 35.8 42.3 60.2 29.3
73,000 DWT1 28.7 34.3 34.5 45.5 54 39.5 36 37 27.1 20.3 27.9 30 13.4
45,000 DWT 26.8 31.1 29 41 47.5 37 31 30 24.1 18.4 24.1 25.3 12.4
29,000 DWT 22.3 26.3 24.5 31 34 27.5 25.5 24 18.1 14.2 19.2 21.3 9.7
1 Before 2001 sizes to read 280,000 - 140,000 - 95,000 - 40,0000 respectively for tankers and 150,000 - 69,000 for Bulkers 2 Single Hull 3 30,000 DWT
(note: above is for vessels built Japan / Korea, you should also consider US$ / Yen / Won relation for the years mentioned)
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
10
The Shipbuilding Market
TYPE DWT BUILDER DELIVERY PRICE $ OWNER NOTES BARGE ASL Shipyard 2012 Unknown
BARGE ASL Shipyard 2012 Unknown
BULK 16000 Usuki Zosensho 2012 Uknown
BULK 35000 Dae Sun S.B. 2014 25.5 Mio Uknown
BULK 35000 Dae Sun S.B. 2014 25.5 Mio Uknown
BULK 37000 Jinling Shipyard 2013 Clipper Group
BULK 37000 Jinling Shipyard 2013 Clipper Group
BULK 37000 Jinling Shipyard 2014 Clipper Group (Option)
BULK 37000 Jinling Shipyard 2014 Clipper Group (Option)
BULK 37000 Jinling Shipyard 2013 23 Mio Ariston Shipping
BULK 37000 Jinling Shipyard 2013 23 Mio Ariston Shipping
BULK 37000 Jinling Shipyard 2014 23 Mio Ariston Shipping
BULK 37000 Jinling Shipyard 2014 23 Mio Ariston Shipping
BULK 37000 Jinling Shipyard 2014 23 Mio Ariston Shipping
BULK 37000 Jinling Shipyard 2014 23 Mio Ariston Shipping
BULK 37000 Jinling Shipyard 2015 Ariston Shipping(Option)
BULK 37000 Jinling Shipyard 2015 Ariston Shipping(Option)
BULK 37000 Jinling Shipyard 2015 Ariston Shipping(Option)
BULK 45000 Bohai Shipbld. 2013 27.5 Mio Tianjin Zhonghai
BULK 45000 Bohai Shipbld. 2013 27.5 Mio Tianjin Zhonghai
BULK 45000 Bohai Shipbld. 2013 27.5 Mio Tianjin Zhonghai
BULK 45000 Bohai Shipbld. 2013 27.5 Mio Tianjin Zhonghai
BULK 58000 Tsuneishi Zhoushan 2012 Tata NYK
BULK 58000 Tsuneishi Zhoushan 2012 Tata NYK
BULK 76000 Jiangnan SY Group 2013 36.09 Mio Tianjin Zhonghai
BULK 81000 Tsuneishi Zhoushan 2013 Mykonos Shipping
BULK 81000 Tsuneishi Zhoushan 2013 Mykonos Shipping
BULK 82000 Cosco Zhoushan 2013 Uknown
BULK 82000 Cosco Zhoushan 2013 Uknown
BULK 206000 Shanghai Jiangnan 2013 53 Mio The-Hu Cargocean
BULK 206000 Shanghai Jiangnan 2013 53 Mio The-Hu Cargocean (Option)
CONT 120000 Hudong Zhonghua 2013 China Shipping Cont
CONT 120000 Hudong Zhonghua 2013 China Shipping Cont
CONT 120000 Hudong Zhonghua 2013 China Shipping Cont
CONT 120000 Hudong Zhonghua 2013 China Shipping Cont
CONT 120000 Dalian Shipbuilding 2013 China Shipping Cont
CONT 120000 Dalian Shipbuilding 2013 China Shipping Cont
CONT 120000 Dalian Shipbuilding 2013 China Shipping Cont
CONT 155000 STX Shipbuild. 2014 Zodiac Maritime Agy.
CONT 155000 STX Shipbuild. 2014 Zodiac Maritime Agy.
CONT 155000 STX Shipbuild. 2015 Zodiac Maritime Agy.
CONT 155000 STX Shipbuild. 2015 Zodiac Maritime Agy.
CONT 155000 STX Shipbuild. 2015 Zodiac Maritime Agy.
CONT 155000 STX Shipbuild. 2015 Zodiac Maritime Agy.
CONT 155000 STX Shipbuild. 2016 Zodiac Maritime Agy.
CONT 155000 STX Shipbuild. 2016 Zodiac Maritime Agy.
CONT 155000 STX Shipbuild. 2016 Zodiac Maritime Agy.
CONT 155000 STX Shipbuild. 2016 Zodiac Maritime Agy.
Drillship Daewoo 2014 600 Mio Atwood Oceanics Inc
GEN.CARGO 14000 Dae Sun S.B. 2014 Uknown
GEN.CARGO 14000 Dae Sun S.B. 2014 Uknown
GEN.CARGO 14000 Dae Sun S.B. 2014 Uknown (Option)
Jackup Drill Lamprell Sharjah 2014 165.65 Mio National Drilling CO
Jackup Drill Lamprell Sharjah 2014 165.65 Mio National Drilling CO
LNG 75000 Mitsubishi H.I. 2014 Osaka Gas Co. LTD
LNG 75000 Mitsubishi H.I. 2015 Osaka Gas Co. LTD
LNG 85000 Daewoo 2014 Stena Bulk AB
LNG 85000 Daewoo 2014 Stena Bulk AB
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11
LPG 26500 Hyundai Mipo 2013 KSS Line Ltd
MPP 5200 Western Marine 2012 10.67 MK Shipping BV
MPP 5200 Western Marine 2012 10.67 MK Shipping BV
MPP 5200 Western Marine 2013 10.67 MK Shipping BV
MPP 5200 Western Marine 2013 10.67 MK Shipping BV
D E M O L I T I O N M A R K E T
Demolition Historical Average Prices
485 485 486 506 507 498 497 498 505 492
339
180230280330380430480530580630680730780
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
$
Tankers 2008 2009
2010 2011
455 447 465 479 484 473 472 473 484 464
427
180230280330380430480530580630680730
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
$
Bulkers 2008 2009
2010 2011
Demolition Prices
Gen Cargo Tanker India USD 450 /lt Ldt USD 480 /lt Ldt
Bangladesh N/A N/A
Pakistan USD 450 /lt Ldt USD 475 /lt Ldt
China USD 380 /lt Ldt USD 400 /lt Ldt
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
12
India
13.4 27
28.65 26.9
38 25.6
14.5 4.9
2.35 4.6
3.8 15.9
16.7 18.9
15.5 18
15.6 25
30.5 22.4
28.4 28.5
27 10
5.5 6.5
5 12
28.9 25.7
29.6
0 5 10 15 20 25 30 35 40
1981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011
Million dwt
Year
Total Demolition
TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS
BULK MV AMERICAN TERN 17175 1990 7340 502 Asis Pakistan
BULK RED SEA SPIRIT 17556 1977 4978 463
BULK GRAND MIDAS 19408 1978 5278 385
BULK DEVIGLORYI 26400 1982 5860 469
BULK ALASKA II 26681 1975 6908 478
BULK XIN YUAN CHAO 34287 1983 7934 495 Asis Fujairah
BULK ALINA 34318 1977 7624 478
BULK TABASSUM 34859 1983 7800 475
BULK NORWICH 43052 1978 11500 508
BULK MANHATTAN PRINCESS 45526 1982 10290 485
BULK GOOD LIGHT 55822 1979 10862 490 Asis Colombo With Min Bunkers
BULK HARITA FERRO 66786 1984 12216 450 Asis Spore With Abt 200 T IFO RoB
CONT ESM TRAVELLER 17400 1984 9732 508 Incl IFO RoB
CONT KOTA ABADI 21888 1984 7497 470 Asis Fujairah
REEF GUADALAJARA 12243 1982 72136 487
REEF GIBRALTAR 13303 1977 8064 490
RORO BALTICUM 9700 1977 6652 520
RORO BALTICA 13772 1990 6458 452 Asis Fujairah
RORO AMDERMA 23024 1983 10816 472
RORO JOLLY ZAFFIRO 28098 1978 19728 460 Asis Genoa
RORO JOLLY CORALLO 28173 1979 19654 460 Asis Genoa
TANK LIQUID CRYSTAL 7623 1989 2810 505
TANK SUN BRIDGE 13901 1989 3891 726 Enbloc With World Bridge
TANK WORLD BRIDGE 13901 1989 3892 726 Enbloc With Sun Bridge
TANK SEBAROK SPIRIT 95649 1993 15661 481 Asis Spore Incl 400 T RoB
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
13
China
TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS
BULK SHINZAN MARU 200999 1987 26850 380
TANK BLACK JADE 4231 1983 1091 385
TANK BLACK PEARL 5067 1982 2283 380
TANK GOLDEN SUN 100488 1986 17250 430
TWEEN DONG BINH 15240 1980 3766 400
CONT KITANO 59804 1990 18500 378
Pakistan
TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS
BULK OCEAN HOST 46752 1985 11681 512 Incl 300 T RoB
BULK OCEAN FRIEND 46856 1982 11000 512 Incl 300 T RoB
BULK ILSE 65239 1982 10690 500 Incl 700 T IFO RoB
TANK FRONT DELTA 136055 1993 23423 520
TWEEN MULTAN 18257 1980 5522 490 Asis Pakistan
TWEEN FU TONG 14347 1980 5750 500
TWEEN ARETI I 15884 1979 6060 480
TWEEN HONG LUCK 19403 1980 6395 475
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14
M A R K E T I N D I C A T O R S
GBP CAD EUR JPY CHF USD
AUD
GBP 1 0.6229 0.8572 0.008247 0.6979 0.6428 0.6408
CAD 1.6061 1 1.3767 0.013243 1.1207 1.0322 1.0291
EUR 1.1667 0.7266 1 0.009621 0.8141 0.7499 0.7475
JPY 121.291 75.5358 103.963 1 84.6335 77.9522 77.7107
CHF 1.4334 0.8927 1.2286 0.011819 1 0.9213 0.9184
USD 1.556 0.969 1.3337 0.01283 1.0857 1 0.9969
AUD 1.561 0.9722 1.3381 0.012872 1.0893 1.0033 1 * 30/11/11 values
70
75
80
85
90
95
100
105
0.00
0.20
0.40
0.60
0.80
1.00
1.20
1.40
1.60
1.80
01/11/10 01/01/11 01/03/11 01/05/11 01/07/11 01/09/11 01/11/11
USD
-JP
Y
USD
-EU
R
Currencies USD-EURO
USD-JPY
0
20
40
60
80
100
120
140
01/11/10 01/01/11 01/03/11 01/05/11 01/07/11 01/09/11 01/11/11
$/B
arre
l
Brent Oil
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
15
S T O C K W A T C H
NAME TICKER THIS
MONTH* LAST MONTH CHANGE % 52w HIGH 52w LOW
NewLead Holdings NEWL 0.78 0.75 4 3.88 0.53
Capital Product Partners
CPLP 6.03 6.90 -12.6 11.39 4.85
Diana Shipping DSX 7.40 7.98 -7.3 13.74 6.59
Dryships DRYS 2.14 2.57 -16.7 6.44 1.75
Eagle Bulk EGLE 1.09 1.50 -27.3 5.39 1.05
Euroseas ESEA 2.81 3.14 -10.5 5.28 2.53
Excel Martime EXM 1.75 2.96 -40.9 6.17 1.63
Freeseas FREE 0.59 0.93 -36.5 4.08 0.56
Genco Shipping &Trading
GNK 7.37 8.83 -16.5 15.65 4.15
General Maritime GMR N/A N/A N/A N/A N/A
Goldenport GPRT 71.75 72.00 -0.3 122.00 71.40
Navios NM 3.37 3.70 -8.9 5.99 2.88
Omega Navigation ONAV N/A N/A N/A N/A N/A
Paragon PRGN 0.75 1.06 -29 3.66 0.66
Safe Bulkers SB 6.00 6.65 -9.8 9.78 5.28
Star Bulk SBLK 1.19 1.40 -15 3.09 1.00
Stealthgas GASS 3.77 4.19 -10 8.80 3.40
TEN TNP 4.86 5.99 -18.9 11.18 4.84
TOP Ships TOPSD 2.29 2.16 6 11.60 1.00
* 29/11/2011 closing values
Disclaimer: Information and data that appear in this report have been obtained from various sources which are believed to be correct and reliable. However, Athenian Shipbrokers S.A. does not guarantee their accuracy or completeness and therefore cannot be held liable for any loss incurred as a result of reliance in any way whatsoever on the information contained herein.
Kind Regards,
ATHENIAN SHIPBROKERS S.A.