NILIMAR Ships Sale & Purchase

Transcription

1 MARKET REPORT WEEK 24 &25 BASED ON SALES AND PURCHASES OF VESSELS WEEK ENDED FRIDAY 24 TH JUNE Due to last Mondays holiday in Greece this report covers the past 2 weeks and interestingly the BDI closed week 25 on 609 which is almost exactly the same level we saw at the close of week 23 (610). In the meantime however, the BDI dipped 23 points to 587 and then bounced back again last week. Basically, it seems, that since the dry freight market broke above the 600 barrier in week 15 and peaked (so far this year) at 688 at the close of week 16, it has since continued to flounder around in the low 600 levels - and frankly we don't see it moving much above or below such levels for some time yet. It is the continuing low dry freight levels with no prospects of a quick recovery which continues to give interested buyers of such vessels a dilemma, i.e. do they buy now in the knowledge that they are almost certainly paying near bottom of the market prices but will likely have to carry the vessel financially for a year or two, or do they wait longer before they buy at the risk of values increasing before they have brought. Clearly, by the number of sales we are reporting in recent weeks, there are currently plenty of buyers preferring to buy now in order they can select their purchases while sellers have little bargaining power, and notably the buying pressure is now such that beyond the usual buying preference for Japanese and Korean built units we are seeing more of the less preferred China and even Vietnam built units sold. The wet S+P market, is currently much less active than the dry and that is because buyers sense tanker values are on the decline in which case they should wait. This is not due to declining oil and product movements as indeed volumes are, if anything, increasing y-o-y. It is because of shipping's recent Achilles Heel of too much investment finding its way into speculative newbuildings. The combined tanker newbuilding orderbook for deliveries in 2016/17/18/19 is currently region: 125 VLCC's, 100 Suezmaxes, 140 Aframaxes, 60 LR2's, 60 LR1's, and over 200 MR's. The re-cycling markets, especially in the sub continent, remain much less active on the buying side recently. We don't think this is local budget related, and is more likely due to the yards having plenty of stock ships in hand due to their heavy buying in the first 5 months of 2016, combined with Ramadan and the onset of the monsoon season. Accordingly levels on offer remain at the reduced levels circa $ for Bulkers and $ for tankers and container vessels. 1

2 SHOSHONE SPIRIT 314,000 02/2011 CAPE BAXLEY 159,385 06/2003 SECOND-HAND SALES TANKERS DAEWOO SHIP MARINE, HYUNDAI SAMHO, DH DH 62.00M DH 26.00M SIKINOS 150,709 06/2000 NKK TSU, JAPAN DH 19.50M (ALPHA TANKERS) UK BASED (TUFTON OCEANIC) INDIAN (AZA SHIPPING) DL SUNFLOWER 47,204 10/1998 ONOMICHI, JAPAN DH 8.50M TAIWANESE DD PASSED BLS LIWA 47,128 07/2008 BLS RUWAIS 47,128 12/2008 HYUNDAI MIPO, HYUNDAI MIPO, DH 22.00M UNDISCLOSED DH 22.00M ALAM BISTARI 47,065 05/2001 ONOMICHI, JAPAN DH 12.00M DUBAI BASED INCL BB FIONA 8,511 11/1997 MIYOSHI, JAPAN DH 5.15M N STST ANATOLIA PACIFIC 3,842 08/2005 MIURA SAIKI, JAPAN DH 7.00M PHILIPPINO LIAN RUN 6 2,359 12/2006 NANJING JIANGNING, DH 2.10M CHINESE SECOND-HAND GAS CBM TYPE TYPE SIZE DELY UNITS OPT. TANK 105,000 Q SUMITOMO 52.00M LUNDQVIST 1 TANK 75,000 H SUNGDONG 42.50M TSAKOS SHIPPING 2 2 ASPHALT 6, FUJIAN MAWEI - UNDISCLOSED 1 FSRU HUDONG-ZHONGHUA c M DYNAGAS 2 INDEX THIS WEEK LAST WEEK LAST LY LOW LY HIGH LY AVERAGE BDTI BCTI

3 SECOND-HAND BULKERS SA FORTIUS 171,509 06/2001 HYUNDAI HEAVY, M ROMA SNUG 118,000 03/2011 ASTI SNUG 118,000 09/2011 LUCY SNUG 33,324 05/2010 KAROLINE SNUG 33,324 07/2010 NORD PISCES 114,167 08/2010 NORD DELPHINUS 114,167 01/2010 NORD DORADO 114,167 03/2010 NORD PYXIS 114,167 06/2010 ZHEJIANG FENGHUA, ZHEJIANG FENGHUA, YANGZHOU RYUWA, YANGZHOU RYUWA, SHANGHAI SHIP, SHANGHAI SHIP, SHANGHAI SHIP, SHANGHAI SHIP, M M M M CHINESE (WINNING) KEY BOUNDARY 83,369 06/2010 SANOYAS, JAPAN M METEOR 82,589 01/2010 AMS PEGASUS I 81,598 03/2012 AMS PEGASUS II 81,512 07/2012 OSHIMA SHIPBUILDING, JAPAN HYUNDAI VINASHIN, VIETNAM HYUNDAI VINASHIN, VIETNAM M M M (LAVINIA) (APOLLONIA) SINGAPOREAN (BW MARINE) (TRANSMED) PRIVATE BANK DEAL ELPIS I 75,169 07/2001 SAMHO HEAVY, M UNDISCLOSED CALY MANX 58,470 09/2009 TSUNEISHI ZHOUSHAN, CR 4X30T 9.80M FAR EASTERN VIA AUCTION HULL ,000 10/2016 DSME WEIHAI, CR 4X35T 13.00M MOLLY MANX 57,982 05/2010 TSUNEISHI HEAVY CEBU, PHILIPPINES CR 4X30T 10.70M IKAN SUDIP 56,055 01/2008 MITSUI TAMANO, JAPAN CR 4X30T 9.50M UNDISCLOSED SANTA ELENA 56,011 08/2005 MITSUI TAMANO, JAPAN CR 4X30T 7.15M ATLAS 53,806 11/2002 NEW CENTURY, CR 4X40T 3.40M UNDISCLOSED JIN AN 50,786 07/2000 OSHIMA SHIPBUILDING, JAPAN CR 4X30T 3.40M MIDDLE EASTERN PETRA II 42,284 02/1991 HYUNDAI HEAVY, CR 4X10T 4.70M RUSSIAN PETRA I 42,263 01/1991 HYUNDAI HEAVY, CR 4X10T QUINN J 34,399 10/2011 SPP SHIPBUILDING CR 4X35T 9.60M (EMPIRE TONGYEONG NAVIGATION) WESTERN STAVANGER 32,581 08/2010 NORD HOUSTON 32,389 02/2011 NORD VANCOUVER 32,353 08/2011 NORD LONDON 32,312 12/2011 NORD HONG KONG 32,289 10/2011 JIANGSU ZHENJIANG, CR 4X30T 6.00M UNDISCLOSED CR 4X30T 6.95M DANISH (CLIPPER) AZALEA K 29,638 05/2011 SHIKOKU, JAPAN CR 4X30T 7.80M (KYMA) GOLDENSTAR 28,383 06/2001 IMABARI, JAPAN CR 4X30T 4.15M UNDISCLOSED SS PASSED BRIGHT LIFE 28,207 01/2011 IS SHIP, JAPAN CR 4X30T 7.50M UNDISCLOSED ORIENTAL SAPPHIRE 16,765 07/2003 SHIN KOCHI, JAPAN CR 2X30T 2.75M RUSSIAN ORIENTAL VEGA 16,730 07/2007 SHIN KOCHI, JAPAN CR 2X30T 3.75M 3

4 SECOND-HAND TWEEN / MPP / GENERAL CARGO FERNANDO 30,345 10/2003 DALIAN, CR 2X100T CR 2X50T 5.00M UNDISCLOSED TWEEN CONT FITTED MARINE DIAMOND 10,292 08/2005 HIGAKI, JAPAN CR 2X36T 3.70M VIETNAMESE TWEEN WILSON RIGA 6,085 02/1976 EIDES, NORWAY GLESS 0.52M ALBANIAN TYPE BULK GOONYELLA TRADER 170, , BANGLADESH BULK C. QUEEN 151, , BANGLADESH BULK APJ AKHIL 39, , PAKISTAN BULK TROPICAL STAR 38, , BANGLADESH BULK BRUISER 29, , INDIA TYPE SIZE DELY UNITS OPT. BULK 62,100 JUN 2020 OSHIMA SHIPBUILDING - OLDENDORFF 1 BULK 34, NAMURA - SINCERE INDUSTRIAL 6 INDEX THIS WEEK LAST WEEK LAST LY LOW LY HIGH LY AVERAGE BDI BCI BPI BSI BHSI

5 CAPE ALTHEA 179,250 06/2011 AEGEAN EXPRESS ARABIAN EXPRESS 18,581 11/ ,576 12/1997 SECOND-HAND CONTAINER TEU HYUNDAI HEAVY ULSAN, SHIPBUILDING KEELUN, SHIPBUILDING KEELUN, GLESS 4, M INDIAN (GREAT EASTERN) GLESS 1, M CHINESE GLESS 1, M SINAR BANTEN 14,978 04/2008 HAKATA, JAPAN CR 2X40T 1, M MIDDLE EASTERN TYPE CONT MOL SOLUTION 66, , ASIS TAIWAN INCL ABT 350T ROB CONT HANJIN SAN DIEGO 63, , ASIS SINGAPORE INCL EXTRA PAYMENT FOR BUNKER ROB CONT HANJIN HAIPHONG 62, , ASIS SINGAPORE CONT PHOENIX I 58, , ASIS SINGAPORE INCL ABT 500T ROB CONT PATRICIA RICKMERS 30, , INDIA CONT AS CASTOR 18, , ASIS MALTA TYPE SIZE DELY CONT 2,400TEU XIAMEN SHIPBUILDING 20.00M OCT CONT 2,400TEU DEC 2017 TAIZHOU SANFU 20.00M 2018 CONT 1,800TEU Q NAIKAI ZOSEN 26.20M UNITS OPT. QUANGZHOU ANSHENG 4+2 QUANGZHOU ANSHENG 2+2 WAN HAI LINES, TAIWAN 8 SECOND-HAND REEF REEF. CAP/TY SECOND-HAND PCC/ RORO / PASS CARS/ PAX LM TYPE TYPE SIZE DELY RORO 5,250 END 2017 ULJANIK - UNITS OPT. JSC KTZ EXPRESS, KAZAKHSTAN 1 1 FERRY 2,700GT JAN-MAR 2018 TERSAN - FJORD1, NORWAY 2 RAUMA MARINE ROPAX 3,000 JUN 2018 CONSTRUCTIONS 68.00M MOLS-LINIEN 1 5