monthly report baltic dry index · fairchem yuka 19961 2010 japan dh 18.5 mio ace tankers (stst)...

ATHENIAN SHIPBROKERS S.A. 107-109, Vas. Pavlou Str., GR 166 73, Voula , Athens, Greece

Tel: 210 9659700 - Fax: 210 8996040

Internet Mail: athenian(at)atheniansa(dot)gr

www.atheniansa.gr

December 2017

M O N T H L Y R E P O R T

0

500

1000

1500

2000

2500

De

c-1

2

Feb

-13

Ap

r-1

3

Jun

-13

Au

g-1

3

Oct

-13

De

c-1

3

Feb

-14

Ap

r-1

4

Jun

-14

Au

g-1

4

Oct

-14

De

c-1

4

Feb

-15

Ap

r-1

5

Jun

-15

Au

g-1

5

Oct

-15

De

c-1

5

Feb

-16

Ap

r-1

6

Jun

-16

Au

g-1

6

Oct

-16

De

c-1

6

Feb

-17

Ap

r-1

7

Jun

-17

Au

g-1

7

Oct

-17

De

c-1

7

Baltic Dry Index

PRICES TANKERS ($ MIO)

* Prices reflect Year’s End 2011* 2012* 2013* 2014* 2015* 2016* Dec-17

VLCC 5Y 55.6 56.0 55.8 77.1 80 60 64

VLCC 10Y 34.1 35.0 35.0 52.1 55 40 41

SUEZMAX 5Y 45.6 40.2 39.5 56.8 60 40 43

AFRAMAX 5Y 34.7 28.0 27.8 41.9 46 29 32

AFRAMAX10Y 19.3 16.3 16.3 26.8 31 18 22

PANAMAX5Y 30.9 24.3 24.3 33.4 35 28 28

47K 5Y D/H 25.8 23.0 23.3 23.8 28.9 22 25

45K 10Y D/H 15.8 15.5 15.7 15.2 19.6 15.5 17.5

45K 20Y 6.0 6.2 6.2 6.5 8.5 5.1 5.5

PRICES BULKERS ($ MIO)

* Prices reflect Year’s End 2011* 2012* 2013* 2014* 2015* 2016* Dec-17

CAPESIZE 5Y 36.3 32.0 43.9 39.5 25 24 33

CAPESIZE 10Y 26.8 20.5 31.0 27.8 13.6 15 20.5

CAPESIZE 15Y 15.2 12.7 18.2 16.3 8.5 8 13

CAPESIZE 20Y 10.5 9.3 10.1 9.0 5.6 5.5 7

KAMSARMAX 5Y 26.4 18.0 25.6 20.1 14 14 22.5

PANAMAX 10Y 18.6 12.5 17.9 14.6 8.5 8.5 14.5

PANAMAX 15Y 12.4 8.3 12.0 10.0 5 5.4 11

PANAMAX 20Y 8.1 5.4 7.5 5.4 3.6 3.6 6.5

SUPRAMAX 5Y 26.4 23.3 24.3 20.8 13.6 14 17.5

SUPRAMAX 10Y 18.0 13.0 17.4 13.8 8 9.5 13.5

HANDYMAX15Y 11.1 8.7 10.9 9.1 4.5 5.8 9.5

HANDYMAX20Y 7.9 6.3 6.4 6.2 3.5 2.8 6.5

www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.

2

♦Prior 2017 76-78k dwt

S E C O N D H A N D S A L E S & C H A R T E R F I X T U R E T R E N D S

0.0

10.0

20.0

30.0

40.0

50.0

60.0

70.0

80.0

90.0

Pri

ce (

US

D M

io)

Monthly Tanker Market Trend

VLCC 5Y VLCC 10Y SMAX 5Y AMAX 5Y

AMAX 10Y PMAX 5Y 47K 5Y D/H 45K 10Y D/H

0

10000

20000

30000

40000

50000

60000

70000

Pri

ce (

US

D)

Monthly 1 Yr TC Rates

VLCC 1 Yr T/C SMAX 1 Yr T/C AMAX 1 Yr T/C

PMAX 1 Yr T/C MR 1 Yr T/C

0.0

10.0

20.0

30.0

40.0

50.0

60.0

Pri

ces

(US

D M

io)

Monthly Bulk Carrier Market Trend

CAPE 5Y CAPE 10Y CAPE 15Y

KMAX 5Y PMAX 10Y PMAX 15Y

SUPRA 5Y SUPRA 10Y HMAX 15Y

0

5000

10000

15000

20000

25000

30000

35000

Pri

ce (

US

D)

Monthly 1 Yr TC Rates

CAPE 1 Yr T/C PMAX 1 Yr T/C

SUPRA 1 Yr T/C HMAX 1 Yr T/C


3

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

Ship Type Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17 Total

BULK 31 41 46 58 53 49 278

TANK 21 13 13 20 16 23 106

GAS 1 3 1 1 1 2 9

CONT 23 6 12 21 9 13 84

TWEEN/MPP 5 5 0 1 2 0 13

REEF 0 0 0 0 0 0 0

RORO 0 0 0 0 0 0 0

FERRY 0 0 0 0 0 0 0

CRUISE 0 0 0 0 0 0 0

Total 81 68 72 101 81 87 490

209

49

259

53

0

100

200

300

THIS MONTH - PREVIOUS MONTH

S&P Activity Dry(>5,000 Dwt)

AVAILABLE FOR SALE

REPORTED SOLD

PREVIOUS MONTH A/BLE FORSALEPREVIOUS MONTH SALES

139

23

148

16

0

50

100

150

200

THIS MONTH - PREVIOUS MONTH

S&P Activity Tankers(>5,000 Dwt)

AVAILABLE FOR SALE

REPORTED SOLD

PREVIOUS MONTH A/BLE FORSALEPREVIOUS MONTH SALES


4

TANKER SALES

NAME DWT BLT PRICE $ BUYER

COPENHAGEN 2945 2003 TURKEY DH 3.2 MIO UNDISCLOSED (Epoxy)

SHICHEM ANELINE 8941 1998 SPAIN DH 5 MIO RUSSIAN (Epoxy, IMO II)

NORDPORT 13127 2008 KOREA DH 8.3 MIO UNDISCLOSED

EK-SKY 13786 1999 CHINA DH 7 MIO UNDISCLOSED

TERRY 15441 1999 GERMANY DH 8.3 MIO UNDISCLOSED

CHEMSTAR SEVEN 19870 2005 JAPAN DH 12 MIO S.KOREAN (STST, DD passed)

FAIRCHEM YUKA 19961 2010 JAPAN DH 18.5 MIO ACE TANKERS (STST)

HIGH PRESENCE 48700 2005 JAPAN DH 14.1 MIO UNDISCLOSED (Incl 6 years TCB)

PRETTY SCENE 51255 2006 KOREA DH 12 MIO CHINESE (Auction, class suspended)

CENITO 53116 2009 CHINA DH * ENBLOC BSS▼

POSILIPO 53116 2010 CHINA DH 37 MIO UNDISCLOSED (Ttl price)

BM BREEZE 105387 2008 JAPAN DH * ENBLOC BSS▼

BM BONANZA 105614 2007 JAPAN DH 39 MIO FAR EASTERN (Ttl price)

NISSOS SERIFOS 115688 2012 KOREA DH 30 MIO NAVIGARE (5 yrs BB)

FLANDRE 305688 2004 KOREA DH 45 MIO UNDISCLOSED (Long subs,fpso

conversion project)

ARION 309460 2001 KOREA DH 22.5 MIO UNDISCLOSED

MEANDROS 309498 2000 KOREA DH 19.5 MIO GREEK

GENER8 STRENGTH 319000 2015 CHINA DH * ENBLOC BSS▼

GENER8 SUPREME 319000 2016 CHINA DH * ENBLOC BSS▼

GENER8 CHIOTIS 319000 2016 CHINA DH * ENBLOC BSS▼

GENER8 MILTIADES 319000 2016 CHINA DH * ENBLOC BSS▼

GENER8 SUCCESS 319000 2016 CHINA DH * ENBLOC BSS▼

GENER8 ANDRIOTIS 319000 2016 CHINA DH 434 MIO INTERNATIONAL SEAWAYS (Ttl price)

857

539

320

420

520

620

720

820

920

1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52

WEEK NO

Baltic Clean Tanker - Yearly

20172016

619

907

400

500

600

700

800

900

1000

1100

1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52

WEEK NO

Baltic Dirty Tanker - Yearly

20172016

685

702

600

620

640

660

680

700

720

740

01/12/2017 08/12/2017 15/12/2017 22/12/2017

Baltic Clean Tanker - Monthly

824 820

800

805

810

815

820

825

830

835

01/12/2017 08/12/2017 15/12/2017 22/12/2017

Baltic Dirty Tanker - Monthly


5

GAS SALES

NAME DWT BLT CBM PRICE $ BUYER

ODYN GAS 5174 1995 JAPAN 6556 4.1 MIO SIAM GAS

ECHIGO MARU 67219 1983 JAPAN 125568 15 MIO SINOKOR (Laid up for 2 years)

9900

15560

13160

0

10000

20000

30000

40000

50000

60000

70000

Dec-16 Feb-17 Apr-17 Jun-17 Aug-17 Oct-17 Dec-17

$/D

ay

Spot Market - Tankers

VLCC

SUEZMAX

AFRAMAX

24750

17500

15250

10000

15000

20000

25000

30000

35000


$/D

ay

Period Market - Tankers 1 Year T/C

VLCC

SUEZMAX

AFRAMAX


6

BULKER SALES

NAME DWT BLT GEAR PRICE $ BUYER

SUNROAD MITOYA 23186 2011 JAPAN CR 4X30 8.5 MIO EUROPEAN

PATRIA 24021 1998 JAPAN CR 4X30 4.15 MIO UNDISCLOSED

LAKE DEER 28225 2011 JAPAN CR 4X30.5 9.2 MIO UNDISCLOSED

MORNING ORCHID 28310 2009 JAPAN CR 4X30.5 8.2 MIO GREEK

CLIPPER IYO 28451 2008 JAPAN CR 4X30.5 8.2 MIO GREEK

JUDI MERAY 28458 1995 JAPAN CR 4X30 3.9 MIO CHINESE

LAZEEZ 31651 2000 JAPAN CR 4X30 5.8 MIO LEBANESE

CLIPPER PANORAMA 32353 2011 CHINA CR 4X30.5 10.1 MIO ENBLOC BSS▼

CLIPPER SELO 32389 2011 CHINA CR 4X30.5 10.1 MIO PACIFIC BASIN (Price each)

GLOBAL HORIZON 33633 2010 JAPAN CR 4X30 11.95 MIO UNDISCLOSED

CIELO DI VENEZIA 37313 2008 JAPAN CR 4X30.5 10.9 MIO UNDISCLOSED

LONG CHEER 37393 2013 CHINA CR 4 X30 * ENBLOC BSS▼

LONG LUCKY 37406 2012 CHINA CR 4X30 20 MIO CYPRIOT (Ttl price)

JIANGMEN NANYANG

152 39300 2017 CHINA CR 4X30 20 MIO ENBLOC BSS▼

JIANGMEN NANYANG

153 39300 2017 CHINA CR 4X30 20 MIO LOUIS DREYFUS (Price each)

THEOXENIA 42648 1997 JAPAN CR 4X25 2.45 MIO UNDISCLOSED (Via auction)

CY THUNDER 45406 1995 JAPAN CR 4X25 4.5 MIO UNDISCLOSED

RESOUNDER 45724 2000 JAPAN CR 4X25 7.4 MIO CHINESE

AYSENAZ S 46708 2001 JAPAN CR 4X30 7.75 MIO CHINESE

TRUMPET 50619 2004 CHINA CR 4X36 5.9 MIO UNDISCLOSED

TOMINI DIGNITY 53414 2010 VIETNAM CR 4X36 9.8 MIO FAR EASTERN

ORIENT ORCHID 55598 2012 JAPAN CR 4X30,5 17.4 MIO DRYLOG

ORIENT JASMINE 56124 2012 JAPAN CR 4X30 17.4 MIO DRYLOG

626

637

615

620

625

630

635

640

01/12/2017 08/12/2017 15/12/2017 22/12/2017

Baltic Handysize

944

933

900

920

940

960

980

1000

01/12/2017 08/12/2017 15/12/2017 22/12/2017

Baltic Supramax

1564

1643

1300

1400

1500

1600

1700

1800

01/12/2017 08/12/2017 15/12/2017 22/12/2017

Baltic Panamax

4293

3216

2000

2500

3000

3500

4000

4500

01/12/2017 08/12/2017 15/12/2017 22/12/2017

Baltic Capesize


7

U LUCKY 57000 2011 CHINA CR 4X30 11.4 MIO GREEK

KING FREIGHT 58163 2009 PHILIPPINES CR 4X30 14.6 MIO GREEK

CANARY K 58223 2012 JAPAN CR 4X30.5 16.8 MIO GREEK

ALBION 58732 2008 CHINA CR 4X30 13.3 MIO UNDISCLOSED

ESSENCE OF SEATREK 63500 2015 CHINA CR 4X36 21.5 MIO EAGLE BULK SHIPPING

SILVER ONE 72917 2000 KOREA GLESS 7.9 MIO CHINESE

ZAGORA 73435 2001 JAPAN GLESS 8.8 MIO CHINESE

SEAWING I 73901 2005 CHINA GLESS 9.5 MIO CHINESE

AEOLIAN BREEZE 74255 2001 JAPAN GLESS 9.5 MIO CHINESE

EVANTHIA 74297 2001 KOREA GLESS 8.5 MIO UNDISCLOSED

AFOVOS 74297 2001 KOREA GLESS 9 MIO CHINESE

FRIEDRICH OLDENDORFF 74483 2006 CHINA GLESS 10.7 MIO CHINESE

ALPHA HARMONY 74492 2001 KOREA GLESS 9.6 MIO CHINESE

POSEIDON 75000 2002 KOREA GLESS 9.2 MIO UNDISCLOSED

VARVARA 75321 2001 KOREA GLESS 8.8 MIO CHINESE

VOGE ENTERPRISE 79410 2011 CHINA GLESS 14.9 MIO UNDISCLOSED

UBC ORISTANO 118467 2011 CHINA GLESS 20 MIO ENBLOC BSS▼

UBC OLIMBUS 118472 2011 CHINA GLESS 18 MIO ENBLOC BSS▼

UBC ODESSA 118585 2011 CHINA GLESS 20 MIO ENBLOC BSS▼

UBC OTTAWA 118625 2011 CHINA GLESS 20 MIO OLDENDORF (Price each)

OCEAN CELEBRITY 177638 2003 JAPAN GLESS 12.4 MIO UNDISCLOSED

CPO EUROPE 179448 2010 KOREA GLESS 23.6 MIO GERMAN

CPO ASIA 179558 2011 ROMANIA GLESS 25.5 MIO UNDISCLOSED (Bank Sale)

CPO AMERICA 179570 2010 ROMANIA GLESS 24.5 MIO UNDISCLOSED ( Incl T/C til 05/18)

MAIRAKI 181483 2011 KOREA GLESS 27.5 MIO GREEK

CHANCY 182571 2015 JAPAN GLESS 43 MIO JP MORGAN


8

CONTAINER SALES

NAME DWT BLT GEAR TEU PRICE $ BUYER

ANNIKA 11814 2008 KOREA GLESS 982 8.75 MIO GERMAN

ANTIGONI 12790 2008 KOREA GLESS 1049 8.1 MIO MPC CONTAINER SHIPS

KRETA 12238 1998 TURKEY CR 2 X 40 1145 3.6 MIO LUBECA

UAFL ZANZIBAR 22386 1996 POLAND CR 3X45 1684 4 MIO UNDISCLOSED

RYUJIN NAKIRA 33632 2007 JAPAN CR 3X40 2553 10 MIO NORWEGIAN

PASSAT SUMMER 39008 2005 POLAND GLESS 2732 8.8 MIO WAN HAI LINES

VILANO 37882 2006 GERMANY CR 3X45 2742 10.6 MIO MPC CONTAINER SHIPS

CAP BLANCHE 37882 2006 GERMANY CR 3X45 2742 10.6 MIO MPC CONTAINER SHIPS

CAP PASADO 37882 2006 GERMANY CR 3X45 2742 10.7 MIO MPC CONTAINER SHIPS

PENELOPE 38635 2008 POLAND CR 3X45 2745 10.6 MIO GERMAN

NILEDUTCH HIPPO 46000 2013 CHINA CR 3X45,

CR 1X35 3421 13 MIO UNDISCLOSED

ALS FORTUNA 51733 2009 KOREA GLESS 4275 15 MIO CHINESE

BONAIRE 52360 2010 PHILIPPINES GLESS 4330 12 MIO SM LINES

24000

11420

9540

0

5000

10000

15000

20000

25000

30000


$/D

ay

Spot Market - BulkersCAPESIZE

PANAMAX

HANDYMAX

18500

11850

10750

4100

6100

8100

10100

12100

14100

16100

18100

20100


$/D

ay

Period Market - Bulkers 1 Year T/CCAPESIZE

PANAMAX

HANDYMAX


9

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

Ship Type 2017 2018 2019+ Total

Capesize 3 63 85 151

Panamax 17 65 79 161

Supra/Hmax 19 94 51 164

Handies 17 106 53 176

Total 56 328 268 652


ULCC/VLCC 1 51 40 92

Suezmax 1 43 18 62

Aframax 5 69 54 128

Panamax 4 23 8 35

MR+Small 16 156 130 302

Total 27 342 250 619


VLGC 0 12 18 30

LGC 0 0 0 0

MR 0 14 8 22

Handy 0 11 2 13

Small 0 4 2 6

Total 0 41 30 71

81.5

55

44

33.8

20

40

60

80

100

Dec-15 Apr-16 Aug-16 Dec-16 Apr-17 Aug-17 Dec-17

$m

Tanker Prices VLCC Suezmax

Aframax MR

44

25.5

24

22

10

15

20

25

30

35

40

45

50

Dec-15 Apr-16 Aug-16 Dec-16 Apr-17 Aug-17 Dec-17

$m

Bulker Prices Capesize Panamax

Supramax Handysize


10

398

79

250235

47

248208

80104

0

100

200

300

400

500

2015 2016 Dec-17

No

. o

f V

es

se

ls

Newbuilding Sales Tankers >10,000 dwt

Bulkers >10,000 dwt

Containerships

4.1

31.133.5

1

30.5

20.1

0

5

10

15

20

25

30

35

40

Dec-17 2018 2019+

m. d

wt

Delivery Schedule Bulkers >10,000 dwt.

Tankers >10,000 dwt

28.7

9.6

14.4

2.6

10.3

0

5

10

15

20

25

30

35

December 2017

m.

dw

t

Tanker Newbuildings on Order VLCC Suezmax

Aframax Panamax

Products

39.4

13.4 10

6

0

5

10

15

20

25

30

35

40

45

December 2017

m. d

wt

Bulker Newbuildings on Order Capesize Panamax

Handymax Handysize

Newbuilding Historical Prices ($m)

Tankers Dec-17 2016 2015 2014 2013 2012 2011 2010 2008 2005 2000 1995 1990 1985

320,000 DWT1 81.5 84.5 93.7 97.3 93.8 93.2 98.9 104.8 150 120 76.5 85.3 87.4

2 38.2

170,000 DWT1 55 54.5 63 65.5 59.6 57.1 60.3 66.3 90 71.5 52.5 54 66.1

2 28.2

115,000 DWT1 44 44.5 52 53.6 52.2 48.5 52.2 56 74 58 41.5 43.3 53.2

2 18.1

47,000 DWT1 33.8 32.5 35.4 36.8 34.6 33.8 35.2 36.1 46.5 43 29.5 33.2

3 32.1

3 13.3

Bulkers

180,000 DWT1 44 42 46 54.2 53.6 45.7 48.4 57.2 87 58.5 40.5 42.3 60.2 29.3

81,000 DWT1 ♦

25.5 24.5 25.7 29 27.8 25.6 28.7 34.3 45.5 36 22.5 27.9 30 13.4

62,000 DWT♦ 24 22.3 24.1 27.2 26.5 23.7 26.7 31.1 41 31 20.5 24.1 25.3 12.4

35,000 DWT♦ 22 19.5 20.3 22.8 22.2 20.5 22.2 26.3 31 25.5 15 19.2 21.3 9.7

1 Before 2001 sizes to read 280,000 - 140,000 - 95,000 - 40,000 respectively for tankers and 150,000 - 69,000 for Bulkers

2 Single Hull

3 30,000

DWT ♦Prior 2017 to read 73 – 76k dwt, 45k dwt & 30k dwt

(note: above is for vessels built Japan / Korea, you should also consider US$ / Yen / Won relation for the years mentioned)


11

The Shipbuilding Market TYPE DWT BUILDER DELIVERY PRICE $ OWNER NOTES

Bulk 208000 Jiangsu New YZJ 2019 CDB Leasing





Bulk 208000 Jiangsu New YZJ 2020 CDB Leasing Option





Bulk 20500 Fujian Southeast SB 2019 Fujian Anda Shpg

Bulk 20500 Fujian Southeast SB 2019 Fujian Anda Shpg

Bulk 60500 Sasebo HI 2020 Ugland Marine

Bulk 65000 New Times SB 2020 FrontMarine








Bulk 65000 New Times SB 2021 FrontMarine Option




Bulk 208000 New Times SB 2019 44.7 Mio 2020 Bulkers

Bulk 208000 New Times SB 2020 44.7 Mio 2020 Bulkers

Bulk 208000 Shanghai Waigaoqiao 2020 Foremost Maritime

Bulk 208000 Shanghai Waigaoqiao 2020 Foremost Maritime

Chem & Oil 52000 GSI Nansha 2019 Formosa Plastics Co



Chem & Oil 24000 Fujian Mawei SB 2019 Heng Tong Fuels

Chem & Oil 24000 Fujian Mawei SB 2019 Heng Tong Fuels

Chem & Oil 14000 Wuchang SB Group 2019 Marnavi

Chem & Oil 14000 Wuchang SB Group 2020 Marnavi

Container 20000 Huangpu Wenchong 2019 Cosmoship Management




Container 25000 Jiangsu New YZJ 2019 CMA-CGM



Container 37000 Jiangsu New YZJ 2019 SITC

Container 37000 Jiangsu New YZJ 2019 SITC

Container 37000 Jiangsu New YZJ 2019 SITC Option

Container 37000 Jiangsu New YZJ 2019 SITC Option

Container 25000 Jiangsu New YZJ 2019 CMA CGM



Cruise Fincantieri Monfalcone 2021 Eur.m 900 MSC Cruises

Cruise Fincantieri Monfalcone 2023 Eur.m 900 MSC Cruises

Cruise VARD Soeviknes 2021 Viking Ocean Cruises

Cruise 3640 Fincantieri Ancona 2022 Viking Ocean Cruises

Cruise 3640 Fincantieri Ancona 2023 Viking Ocean Cruises

L.P.G. 50000 Unknown 2020 Exmar

L.P.G. 50000 Unknown 2020 Exmar

L.P.G. 54000 Kawasaki HI Sakaide 2019 Phoenix Tankers

LNG 94600 Daewoo (DSME) 2020 Maran Gas Maritime

LNG/Regas 95000 Daewoo (DSME) 2020 Maran Gas Maritime


12

Open Hatch 62000 COSCO Dalian SY 2019 COSCO Shpg Spec

Pass/Car F. Tianjin Xingang HI 2019 COSCO Qingdao

Products 109900 GSI Nansha 2020 COSCO Shpg Energy

Products 109900 GSI Nansha 2021 COSCO Shpg Energy

Shuttle 129220 Samsung HI 2020 Teekay Shuttle

Shuttle 129220 Samsung HI 2020 Teekay Shuttle

Tanker 319000 Dalian Shipbuilding 2020 COSCO Shpg Energy






Tanker 319000 Hyundai HI (Ulsan) 2019 Olympic Shpg & Mngt

Tanker 318000 Daewoo (DSME) 2020 Aeolos Management

Tanker 64900 GSI Nansha 2020 COSCO Shpg Energy




TSH Dredger Huangpu Wenchong 2020 RMB m 479.80 Changjiang Waterway Bureau


13

D E M O L I T I O N M A R K E T

Demolition Historical Data

330 325365

395355 350

380405 415 400

420440

180

230

280

330

380

430

480

530

580

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC

US

D/t

on

Price Tankers* 2014 2015

2016 2017

*India month's end prices

315 315350

380

340 335355

385 395 380400

425

180

230

280

330

380

430

480

530

580

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC

US

D/t

on

Price Bulkers*2014 2015

2016 2017

*India month's end prices

Demolition Prices

Gen Cargo Tanker

India USD 425 /lt Ldt USD 440 /lt Ldt

Bangladesh USD 415 /lt Ldt USD 430 /lt Ldt

Pakistan USD 415 /lt Ldt USD 430 /lt Ldt

China USD 210 /lt Ldt USD 230 /lt Ldt


14

HISTORICAL DEMOLITION PRICES (*Indian Year’s End)

1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 CURR.

TANK 136 174 135 174 262 362 302 405 507 287 338 485 482 405 435 425 300 300 440

BULK 143 170 135 181 267 381 332 392 472 268 328 437 456 375 410 400 285 280 425

India

TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS

BULK KRAKOW 69408 1982 15099 430

BULK ORE FABRICA 284480 1993 44362 440 (Basis green recycling-HKC SOC)

TANK NEW NAXOS 106506 1997 17260 430 (Basis "as is" Khor Fakkan)

Bangladesh


BULK OCEAN DREAM 2292 1989 937 248

BULK ZARAH SOFIA 9234 1985 6920 422

TANK FALCON STAR 37642 1985 7774 426

China


N/A N/A N/A

Pakistan


N/A N/A N/A

25.6

14.5

4.92.35

4.6 3.8

15.916.718.9

15.518

15.6

25

30.5

22.4

28.428.5 27

105.5 6.5 5

12

28.925.7

31.58

50.3

41.8

34.338.8

44.6

34.2

0

10

20

30

40

50

60

Mil

lio

n d

wt

Total Demolition (Dwt)

* Bss reported sales

0

100

200

300

400

500

600

US

D/t

on

Historical Demolition Prices (India Year's End)

TANKERS

BULKERS

Avg. Trend


15

Turkey


N/A N/A N/A

Other


COMBO KARADENIZ POWERSHIP

EROL BEY 109891 1996 18581 419 (Indian Sub-Cont delivery)

CONT MSC FORTUNATE 68363 1996 22872 467 (Indian Sub-Cont)

TANK NIREAS 33100 1995 10203 375 (As is Bandar Abbas)

TANK CASSENDRA 40584 1996 9597 375 (As is Bandar Abbas)

TANK ADMIRAL L 40708 1990 8000 430 (Indian Sub-Cont)

TANK NEW VISION 147916 1996 22444 421 (Basis "as is" Fujairah)

TANK PLATA GLORY 300133 1999 38975 438 (Indian Sub-Cont)


16

H I S T O R I C A L B U N K E R P R I C E S

HISTORICAL BUNKER PRICES

Rotterdam Fujeirah Houston

380 cst MGO 380 cst MGO 380 cst MGO

1993 67 150.5 70 202.5 71.1 160.6

1994 86 133.2 80.9 182.6 80.8 148.8

1995 97 140.6 94.6 175.8 93.2 148

1996 107 175.1 104.4 207.5 105.8 186

1997 92 155.4 99.3 205.6 97.3 179.9

1998 66.5 112.2 69.2 152.2 67.2 136.9

1999 94 133 98.5 157.2 93.3 143.9

2000 139 231.6 155.3 263.5 136 255.7

2001 116 192.4 129.7 244.7 112.8 227.5

2002 135 188.2 145.9 222.8 134 196

2003 151 230.4 166.3 265.2 160.2 265.1

2004 154 313.4 176.7 359.3 167.3 328.7

2005 236 458.4 256.6 500.1 248.3 508.5

2006 195 524.1 310.9 631.8 303 562.3

2007 347 571.3 373.7 664.7 351.8 608.6

2008 469 850.7 509.4 1037.7 496.8 933.2

2009 355 490.6 372.8 657 360.7 525

2010 452 667.1 468.2 712.9 449.3 683

2011 548 848.6 587.5 897.5 542.1 862.4

2012 585 920 606 1005 610 1005

2013 585 920 620 1010 580 985

2014 310 570 350 880 315 695

2015 140 311 170 560 140 360

2016 307 472 340 546 310 525

Dec-17 367 579 376 627.5 356 612

0

100

200

300

400

500

600

700

800

US

D/t

on

Bunkers Cost (380 cst)

Rotterdam

Fujeirah

Houston

Average Trend

0

200

400

600

800

1000

1200

US

D/t

on

Bunkers Cost (MGO)

Rotterdam

Fujeirah

Houston

Average Trend


17

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 0.5903 0.888 0.0066 0.7585 0.7442 0.5674

CAD 1.6934 1 1.504 0.0112 1.2847 1.2604 0.9663

EUR 1.1258 0.6647 1 0.0074 0.8541 0.8379 0.6437

JPY 151.717 89.5731 134.758 1 115.101 112.912 85.869

CHF 1.3179 0.7781 1.1706 0.0087 1 0.9808 0.7519

USD 1.3436 0.7933 1.1933 0.0089 1.0193 1 0.7626

AUD 1.7244 1.0182 1.5316 0.0114 1.3082 1.2835 1 * 28/12/2017 values

60

70

80

90

100

110

120

130

0.40

0.60

0.80

1.00

1.20

1.40

1.60

1.80

USD

-JP

Y

USD

-EU

R

CurrenciesUSD-EUR

USD-JPY

0.00

20.00

40.00

60.00

80.00

100.00

120.00

140.00

160.00

$/B

arr

el

Brent Oil


18

S T O C K W A T C H

NAME TICKER THIS MONTH* LAST MONTH CHANGE % 52w HIGH 52w LOW

Capital Product Partners CPLP 3.36 3.17 6 4.00 3.10

Diana Shipping Inc. DSX 4.07 3.95 3 6.20 3.00

Dryships Inc. DRYS 3.54 4.12 -14.1 31908.86 0.98

Dynagas LNG Partners LP DLNG 11.07 13.31 -16.8 17.93 10.66

Eagle Bulk Shipping Inc. EGLE 4.54 4.38 3.7 7.61 4.18

Euroseas Ltd. ESEA 1.74 1.73 0.6 2.73 1.13

Costamare Inc. CMRE 5.84 5.66 3.2 8.18 5.07

Navios Maritime Holdings NM 1.27 1.34 -5.2 2.26 0.95

GasLog Ltd. GLOG 22.30 18.07 23.4 22.35 12.75

Safe Bulkers Inc. SB 3.18 3.04 4.6 3.79 1.15

Star Bulk Carriers Corp. SBLK 11.17 9.81 13.9 13.40 5.02

Stealthgas Inc. GASS 4.38 3.96 10.6 4.78 2.90

TEN Inc. TNP 3.96 4.14 -4.3 5.27 3.82

TOP Ships Inc. TOPS 0.26 0.45 -42.9 89108.40 0.24

Box Ships Inc. TEUFF 0.01 0.01 -4.8 0.93 0.00

Diana Containerships Inc. DCIX 4.31 7.44 -42.1 23147.70 1.56

Danaos Corporation DAC 1.50 1.50 0 3.20 1.25

Aegean Marine Petroleum ANW 4.25 4.10 3.7 13.00 3.20 * 28/12/2017 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.

monthly report baltic dry index · fairchem yuka 19961 2010 japan dh 18.5 mio ace tankers (stst)...

Documents