weekly shipping market report week 49
TRANSCRIPT
WEEKLY SHIPPING MARKET REPORT - pg. 1
Week 49 (29th Nov to 6th Dec 2019)
Bulkers
Kotobuki Kaiun have sold their Newcastlemax “Azul Fortuna” 203/2005 Universal, Japan (DD 07/2020) to UK based Zodiac Maritime at a price of USD 15,8 mill. Please note that her one-year-older sister vessel “Azul Integra” 203/2004 Universal, Japan was sold last month at the exact same levels. Capesize “Bulk Harvest” 176/2012 Jinhai, China (DD 05/2020) of HNA Group was sold to undisclosed buyers for USD 19 mill. Remind you that back in September, her two-years-younger sister vessel “Bulk Success” 176/2014 Jinhai, China was sold for USD 24,3 mill. Biko Kisen have sold their Panamax “Coral Emerald” 76/2007 Sanoyas Hishino, Japan (SS/DD 01/2021) to Greek buyers for a price of USD 11 mill. Last similar sale was in October when the two-years-older “Real Happiness” 77/2005 Imabari, Japan was sold at USD 10,2 mill. Luhai’s Supramax “Baoxiang” 57/2013 Xiamen, China (DD 05/2021) was sold to Chinese buyers EGPN for USD 11,5 mill while in October, the two-years-older “Anogyra” 57/2011 Jiangdong, China was sold at USD 10,2 mill. In addition, “Yasa Ozcan” 56/2006 Mitsui, Japan (SS/DD 01/2021) of Ya Sa Shipping was sold to Indonesian buyers Guritas Lintas for USD 10,6 mill whilst the one-year-younger “Stove Phoenix” 56/2007 Kawasaki, Japan was sold at USD 11,2 mill. Handysize “Brazen” 28/2014 Imabari, Japan (SS/DD passed 08/2019) of Blue Wall Shipping was sold to German buyers for USD 9,5 mill. Note that a couple of weeks ago, the two-years-older “Prinsesa Maganda” 28/2012 I-S, Japan was sold at USD 8,6 mill.
Tankers
China VLCC are selling two of their VLCC’s, “New Medal” 297/2009 Shanghai Jiangnan, China (DD 11/2021) & “New Globe” 296/2009 Bohai, China (DD 01/2022) to Turkish buyers Advantage Tankers at a price of USD 42 mill each. Suezmax “Ashkini Spirit” 165/2003 Hyundai Samho, Korea (DD 12/2020) of Teekay Corp was sold to Greek buyers for USD 19,4 mill. Remind you that last month, the two-years-younger “Cape Bari” & “Cape Bastia” 159/2005 HHI, Korea were sold at levels USD 23 mill each. HSM Products have sold their MR “New Legend” 47/2000 Onomichi, Japan (SS/DD 11/2020) to Taiwanese buyers Winson Shipping for USD 8 mill. Note that a couple of weeks ago, M/T “Susanne Victory” 48/2000 Sanoyas, Japan was sold at USD 8,5 mill.
Baltic Indices
INDEX 6-Dec 29-Nov ± (%)
BDI 1.558 1.528 1,96%
BCI 3.273 3.131 4,54%
BPI 1.347 1.225 9,96%
BSI 835 816 2,33%
BHSI 507 505 0,40%
Daily T/C Avg 6-Dec 29-Nov ± (%)
Capesize $ 23.704 $ 23.865 -0,67%
Kamsarmax $ 11.811 $ 10.758 9,79%
Panamax $ 10.794 $ 9.822 9,90%
Supramax $ 9.526 $ 9.277 2,68%
Handysize 38 $ 9.122 $ 9.067 0,61%
Handysize 28 $ 7.367 $ 7.326 0,56%
INDEX 5-Dec 28-Nov ± (%)
BDTI 1.286 1.283 0,23% BCTI 809 940 -13,94%
0
1.000
2.000
3.000
4.000
5.000
6.000Bulkers
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
Tankers
BDTI BCTI
WEEKLY SHIPPING MARKET REPORT WEEK 49
WEEKLY SHIPPING MARKET REPORT - pg. 2
Week 49 (29th Nov to 6th Dec 2019)
Capesize
Week 49 found iron ore freight rates on the West Australia / China route at
the level of mid usd 10,00’s fio. No period activity to report here.
Kamsarmax / Panamax
A number of Indonesian and Australian coal trips into China were reported
at around usd 11,000/12,000 pd levels. A number of Indonesian and
Australian coal trips into India were reported at the levels of usd
10,000/11,000 pd. West African trips into India via US Gulf and Suez were
reported at the level of usd 17,000 pd. Mediterranean trips into China via
Black Sea were fixed around usd 22,000 pd. Continental trips via US East
Coast into Mediterranean were reported at the level of usd 14,000 pd. South
American trips into Continent with grains were fixed around usd 16,500 pd.
South American trips into China were reported at around usd 13,000/14,000
pd plus ballast bonus at the usd 300K/400K. Usd 11,500 pd on a Kamsarmax
for 13/15 months employment basis delivery in the Pacific.
Ultramax / Supramax
North Pacific rounds ranged at the usd 10,000 pd. A number of Indonesian
trips into China at the level of usd 9,000 pd without any ballast bonus. A
number of Indonesian trips into Persian Gulf were reported at the level of
usd 9,000 pd. Red Sea trips into Indian were fixed at around usd 14,500 pd.
Mediterranean trips into US East Coast were reported at the level of usd
8,500 pd. No period activity to report here.
Handymax / Handysize
A generally quiet week for this segment. Persian Gulf trips into China were
reported at the level of usd 10,000 pd. South American trips into West Africa
with grains were fixed at around usd 12,000 pd plus ballast bonus at the usd
30K. South American trips into Mediterranean with sugar were reported at
the level of usd 11,000 pd. No period activity to report here.
10.000
15.000
20.000
25.000
30.000
35.000
40.000
$/d
ay
Capesize
8.000
10.000
12.000
14.000
16.000
18.000
20.000
$/d
ay
Panamax
6.000
8.000
10.000
12.000
14.000
16.000
$/d
ay
Supramax
5.000
6.000
7.000
8.000
9.000
10.000
11.000
$/d
ay
Handysize
DRY BULK COMMENTARY
WEEKLY SHIPPING MARKET REPORT - pg. 3
Week 49 (29th Nov to 6th Dec 2019)
Bulk Carriers
Type Name Dwt YoB Yard SS M/E Gear Price Buyer Comments
Newcastlemax Azul
Fortuna 203.095 2005
Universal,
Japan 07/2022
MAN-
B&W - $ 15,8m
UK based
(Zodiac
Maritime)
Capesize Bulk
Harvest 175.617 2012
Jinhai,
China 06/2022
MAN-
B&W - $ 19m Undisclosed DD 05/2020
Panamax KM
Imabari 76.619 2009
Imabari,
Japan 06/2024
MAN-
B&W - Undisclosed
Greek
(Golden Union)
October off-
market deal
Panamax Coral
Emerald 75.632 2007
Sanoyas
Hishino,
Japan
01/2021 MAN-
B&W - $ 11m Greek
Supramax Tenacity
Bay 56.843 2008
Jiangsu
Hantong,
China
02/2022 MAN-
B&W 4x36T $ 8,5m Chinese T/C attached
Supramax Baoxiang 56.810 2013 Xiamen,
China 05/2023
MAN-
B&W 4x30T $ 11,5m Chinese (EGPN)
Supramax Yasa Ozcan 55.924 2006 Mitsui,
Japan 01/2021
MAN-
B&W 4x30T $ 10,6m
Indonesian
(Guritas Lintas)
Handysize Lodestar
Princess 31.901 2005
Hakodate,
Japan 02/2023 Mitsubishi 4x30T $ 6m Vietnamese
Handysize Ocean
Brother 28.463 2000
Imabari,
Japan 10/2020 B&W 4x30,5T Undisclosed Chinese
Handysize Brazen 28.284 2014 Imabari,
Japan 09/2024
MAN-
B&W 4x30,5T $ 9,5m German
BWTS fitted,
SS/DD
passed
08/2019
Handysize Fortune
Era 27.369 1997
Hanjin,
Korea 04/2022
MAN-
B&W 4x30T $ 3,6m UAE DD 05/2020
REPORTED SALES
WEEKLY SHIPPING MARKET REPORT - pg. 4
Week 49 (29th Nov to 6th Dec 2019)
Tankers
Type Name Dwt YoB Yard SS M/E Price Buyer Comments
VLCC New Medal 297.556 2009 Shanghai Jiangnan,
China 01/2024 MAN-B&W $ 42m Turkish
(Advantage
Tankers)
VLCC New Globe 296.481 2009 Bohai, China 02/2024 MAN-B&W $ 42m
Suezmax Ashkini Spirit 165.209 2003 Hyundai Samho,
Korea 03/2023 B&W $ 19,4m Greek
Gas Takao Gas 49.255 1993 Kawasaki, Japan 01/2021 B&W $ 13m Undisclosed LPG
MR New Legend 47.037 2000 Onomichi, Japan 11/2020 B&W $ 8m
Taiwanese
(Winson
Shipping)
MR Apostolos A 46.344 1999 Daedong, Korea 02/2020 MAN-B&W $ 6,7m Indian
(Seven Islands)
MR Harley 44.936 1997 Halla, Korea 11/2022 B&W $ 6m Undisclosed
Chemical/Oil
Products
Chembulk
New York 27.186 2002 Kitanihon, Japan 05/2022 Mitsubishi $ 8m Chinese
St St, DD
05/2020
Chemical/Oil
Products
Chembulk
Wellington 14.312 2004 Asakawa, Japan 01/2020 B&W $ 6,4m Undisclosed St St
Containers
Type Name Teu YoB Yard SS M/E Gear Price Buyer Comments
Post
Panamax NYK Libra 6.178 2002
Samsung,
Korea 12/2019 Sulzer - $ 13,5m
Greek
(Technomar)
DD passed
11/2019
Post
Panamax NYK Lynx 6.178 2002
Samsung,
Korea 03/2020 Sulzer - $ 13,5m
Post
Panamax NYK Lyra 6.178 2002
Samsung,
Korea 03/2020 Sulzer - $ 13,5m
Post
Panamax Strauss 5.782 2004
Samsung,
Korea 12/2019 B&W - $ 12,25m UK based
(Global Ship
Lease)
Post
Panamax Verdi 5.782 2004
Samsung,
Korea 01/2020 B&W - $ 12,25m
Panamax Robin Hunter 4.380 2010 Daewoo,
Korea 03/2020 MAN-B&W -
Excess
$ 12m Undisclosed
REPORTED SALES
WEEKLY SHIPPING MARKET REPORT - pg. 5
Week 49 (29th Nov to 6th Dec 2019)
MPP / General Cargo
Type Name Dwt YoB Yard SS M/E Gear Price Buyer Comments
General
Cargo Cielo Di Pisa 32.248 2008
Kanda
Kawajiri,
Japan
08/2023 Mitsubishi 4x30,5T $ 8m Undisclosed
General
Cargo
Baltic
Winter 19.404 2011
Qingshan,
China 09/2021 MAN
2x400T Cr,
1x120T Cr $ 7m
German
Heavylifter
General
Cargo
Pacific
Winter 19.359 2012
Qingshan,
China 05/022 MAN
2x400T Cr,
1x120T Cr $ 7m Heavylifter
General
Cargo
Atlantic
Winter 19.306 2011
Qingshan,
China 11/2021 MAN
2x400T Cr,
1x120T Cr $ 7m Heavylifter
General
Cargo Sea Star 7.732 1995
Higaki,
Japan 10/2020 Mitsubishi
2x30T Der,
2x25T Der $ 1,8m Chinese Auction Sale
Passenger
Type Name Pax YoB Yard SS M/E LOA Price Buyer Comments
Cruise Ship Pacific
Dawn 2.043 1991
Fincantieri
Monfalcone,
Italy
07/2021 MAN 245,1m Undisclosed
UK based
(Cruise &
Maritime
Voyages)
Cruise Ship Pacific Aria 1.623 1994
Fincantieri
Monfalcone,
Italy
08/2024 Sulzer 219.2m Undisclosed
Greek
(Global
Maritime
Group)
REPORTED SALES
WEEKLY SHIPPING MARKET REPORT - pg. 6
Week 49 (29th Nov to 6th Dec 2019)
Indicative Demolition Prices
Country Price $/ldt
Bu
lke
rs
India 360
Bangladesh 365
Pakistan 355
China -
Turkey 230
Tan
kers
India 370
Bangladesh 375
Pakistan 365
China -
Turkey 240
Demolition Sales
Type Vessel Dwt YoB Ldt Price $/ldt Country Comments
Tanker Despina Andrianna 71.637 2000 13.783 344 Bangladesh
Container Spirit of Manila 30.554 2000 11.630 415 Undisclosed
Reefer Frio Dolphin 8.830 1989 6.500 340 India
Container Uni-Angel 15.477 1997 5.129 345 Undisclosed “As Is” Singapore, HKC Green
recycling
Container Uni-Ahead 15.477 1997 5.129 338 Undisclosed “As Is” Taiwan, HKC Green
recycling
140
160
180
200
220
240
260
280
300
320
$/l
dt
Tankers
China Turkey
140
160
180
200
220
240
260
280
300
320
$/l
dt
Bulkers
China Turkey
320
340
360
380
400
420
440
460
480
$/l
dt
Tankers
India Bangladesh Pakistan
320
340
360
380
400
420
440
460
480$
/ld
t
Bulkers
India Bangladesh Pakistan
DEMOLITION
WEEKLY SHIPPING MARKET REPORT - pg. 7
Week 49 (29th Nov to 6th Dec 2019)
Bulk Carriers
Units Size Yard Delivery Price Owner Comments
2+2 210.000 dwt Shanghai Waigaoqiao,
China 2021 $ 67m Singaporean (Berge Bulk) Dual fuelled
2+2 210.000 dwt Qingdao Beihai, China 2021 $ 67m Singaporean (Berge Bulk) Dual fuelled
2 81.300 dwt Sasebo, Japan 2021 Undisclosed Greek (Vrontados)
Tankers
Units Size Yard Delivery Price Owner Comments
2 50.000 dwt Hyundai Vinashin,
Vietnam 2021 Undisclosed Japanese (Hisamoto Kisen)
2 9.000 dwt Fujian Southeast, China 2021 Undisclosed Malaysian
(Orkim Shipping) Malaysian domestic
service
5 170.000 cbm Samsung, Korea 2022 $ 300m Russian ARC7/ Artic Ice Class
Containers
Units Size Yard Delivery Price Owner Comments
2 23.888 teu Jiangnan, China 2022 $ 145m Taiwanese
(Evergreen Marine)
2 23.888 teu Hudong Zhonghua, China 2022 $ 145m Taiwanese
(Evergreen Marine)
NEWBUILDING
WEEKLY SHIPPING MARKET REPORT - pg. 8
Week 49 (29th Nov to 6th Dec 2019)
0
10
20
30
40
50
60
2316,5
95,5
1712,5
8
2822
13,59,5
3123,5
52
2822
13,5
Mill
ion
US$
BulkersCapesize
Kamsarmax
Panamax
Ultramax
Supramax
Handysize
Prompt Resale 5 years 10 years 15 years
0
20
40
60
80
100
4030
1912
56
4130
15
72
53
36
21
100
75
53
38
Mill
ion
US$
Tankers
VLCC
Suezmax
Aframax
MR
Prompt Resale 5 years 10 years 15 years
Bulkers Tankers
Size Age Week
49 Week
48 ± %
Size Age
Week 49
Week 48
± %
Capesize 180k Resale 52 52 0,00% VLCC 310k Resale 100 100 0,00%
Capesize 180k 5 years 28 28 0,00% VLCC 310k 5 years 75 75 0,00%
Capesize 180k 10 years 22 22 0,00% VLCC 300k 10 years 53 53 0,00%
Capesize 170k 15 years 13,5 13,5 0,00% VLCC 300k 15 years 38 38 0,00%
Kamsarmax 82k Resale 31 31 0,00% Suezmax 160k Resale 72 72 0,00%
Kamsarmax 82k 5 years 23,5 23,5 0,00% Suezmax 160k 5 years 53 53 0,00%
Panamax 76k 10 years 13,5 13,5 0,00% Suezmax 150k 10 years 36 36 0,00%
Panamax 74k 15 years 9,5 9,5 0,00% Suezmax 150k 15 years 21 21 0,00%
Ultramax 63k Resale 28 28 0,00% Aframax 110k Resale 56 56 0,00%
Ultramax 61k 5 years 22 22 0,00% Aframax 110k 5 years 41 41 0,00%
Supramax 58k 5 years 17 17 0,00% Aframax 105k 10 years 30 30 0,00%
Supramax 56k 10 years 12,5 12,5 0,00% Aframax 105k 15 years 15 15 0,00%
Supramax 52k 15 years 8 8 0,00% MR 52k Resale 40 40 0,00%
Handysize 38k Resale 23 23 0,00% MR 51k 5 years 30 30 0,00%
Handysize 37k 5 years 16,5 16,5 0,00% MR 47k 10 years 19 19 0,00%
Handysize 32k 10 years 9 9 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. 9
Week 49 (29th Nov to 6th Dec 2019)
Currencies Currency 5-Dec 27-Nov ± (%)
EUR / USD 1,1104 1,0999 0,95% USD / JPY 108,76 109,54 -0,71%
USD / KRW 1.190,28 1.177,19 1,11% NOK / USD 0,1094 0,1091 0,27%
Commodities Commodity 5-Dec 27-Nov ± (%)
Brent Crude (BZ) 63,39 64,06 -1,05% WTI Crude Oil (WTI) 58,43 58,11 0,55%
Natural Gas (NG) 2,43 2,50 -2,80% Gold (GC) 1.483,10 1.460,80 1,53%
Copper (HG) 266,30 269,60 -1,22% Wheat (W) 523,75 526,75 -0,57%
1,08
1,10
1,12
1,14
1,16
EUR / USD
50
55
60
65
70
$/b
bl
Oil Prices Brent Crude
WTI Crude
KEY INDICATORS
WEEKLY SHIPPING MARKET REPORT - pg. 10
Week 49 (29th Nov to 6th Dec 2019)
Stock Prices – Shipping Companies
Company Stock Exchange 5-Dec 27-Nov ± (%) Diana Shipping Inc (DSX) NYSE 3,33 3,45 -3,48% Euroseas Ltd (ESEA) NASDAQ 0,47 0,48 -2,08% Eagle Bulk Shipping Inc (EGLE) NASDAQ 4,41 4,44 -0,68% Navios Maritime Holdings Inc (NM) NYSE 4,87 4,78 1,88% Navios Maritime Partners LP (NMM) NYSE 17,85 18,14 -1,60% Star Bulk Carriers Corp (SBLK) NASDAQ 10,65 10,71 -0,56% Seanergy Maritime Holdings Corp (SHIP) NASDAQ 0,52 0,53 -1,89% Safe Bulkers Inc (SB) NYSE 1,69 1,68 0,60% Golden Ocean Group Ltd (GOGL) NASDAQ 5,48 5,86 -6,48%
Stock Prices - Wet
Company Stock Exchange 5-Dec 27-Nov ± (%) Capital Product Partners LP (CPLP) NASDAQ 11,63 11,48 1,31% TOP Ships Inc (TOPS) NASDAQ 0,77 0,73 5,48% Tsakos Energy Navigation Ltd (TNP) NYSE 3,58 3,55 0,85%
Stock Prices - Other
Company Stock Exchange 5-Dec 27-Nov ± (%) Danaos Corp (DAC) NYSE 6,85 6,26 9,42% StealthGas Inc (GASS) NASDAQ 3,51 3,43 2,33% Rio Tinto PLC (RIO) NYSE 54,61 54,98 -0,67% Vale SA (VALE) NYSE 12,12 11,87 2,11% Archer-Daniels-Midland Co (ADM) NYSE 43,15 42,94 0,49% BHP Group Ltd (BHP) NYSE 51,08 51,85 -1,49%
SHIPPING INDICATIVE SHARE VALUE
WEEKLY SHIPPING MARKET REPORT - pg. 11
Week 49 (29th Nov to 6th Dec 2019)
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 6948 03 69 79
Operations Department:
Katsouli Fotini Mob: +30 6942 54 23 57
Chief Executive Consultant:
Capt. Galonis Dimitrios Mob: +30 6945 55 36 81
E-mail: [email protected]
E-mail: [email protected]
E-mail: [email protected]
E-mail: [email protected]
Dry Cargo Chartering Department:
Pittas Jordan Mob: +30 6944 05 27 46
Benetos Kostas Mob: +30 6943 29 32 13
Filippis Dimitris Mob: +30 6977 98 47 32
Paraskevopoulou Mina Mob: +30 6983 05 77 81
Dienis Angelos Mob: +30 6945 64 97 73
Ploumpis Stefanos Mob: +30 6951 00 24 36
Drakas Steve Mob: +30 6944 32 60 21
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 Administration Department: Chronopoulou Fenia Mob: +30 6932 34 94 50
‘’ 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: [email protected]
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