WEEKLY SHIPPING MARKET REPORT WEEK 23 · WEEKLY SHIPPING MARKET REPORT - pg. 3 Week 23 (29th May to...
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WEEKLY SHIPPING MARKET REPORT - pg. 1 Week 23 (29 th May to 5 th Jun 2020) Bulkers MC Shipping have sold their Capesize “Cape Agnes” 181/2010 Koyo Mihara, Japan (SS/DD 11/2020) with BBHP to Japanese buyers at USD 18,3 mill. Bulkseas’ Panamax “Lucky Star” 77/2002 Imabari, Japan (SS/DD 02/2022) was committed to Chinese buyers at a price of USD 6,45 mill basis DD passed. Last similar sale took place a couple of weeks ago, when “Gulf Trader” 75/2002 Hitachi Zosen, Japan was sold at levels USD high 5 mill. After failing last month at USD low 7 mill, Supramax “Amazonit” 57/2011 Jiangsu Hantong, China (SS/DD 04/2021) of Conti Holding was committed again at USD 6,9 mill. Remind you that the one-year-older “Vega Taurus” 57/2010 Taizhou Kouan, China was sold a couple of weeks ago for USD 6,6 mill. Finally, it would be interesting to see what price will achieve the Handysize “Maratha Pride” 37/2011 Saiki, Japan (SS/DD 03/2021) which is currently under negotiations with undisclosed buyers at USD excess 9 mill. For reference, the one-year-older Korean built “Shah” 36/2010 Hyundai Mipo, Korea was sold in March for USD 8,6 mill. Tankers Ridgebury Holdings have disposed their two VLCC sister vessels “Ridgebury Progress” 306/2000 Samsung, Korea (SS/DD 09/2020) & “Ridgebury Purpose” 306/2000 Samsung, Korea (SS/DD 08/2020) to undisclosed buyers at USD 24 mill each in order to be used for storage. Note that the Japanese built “Lucky Trader” 299/2000 Hitachi Zosen, Japan (SS 07/2023, DD 07/2021) had achieved in April USD 30 mill, in a time when the demand for VLCC tonnage and rates were at their highest. Moreover, Hunter Group declared their purchase option on SFL’s VLCC’s “Hunter Atla” & “Hunter Laga” & “Hunter Saga” 300/2019 Daewoo, Korea. Union Maritime have sold their Vintage LR1 “Wembley” 75/2000 Daewoo, Korea (SS/DD 06/2020) at USD 7,6 mill. Remind you that last week, the one- year-younger “Amazon Gladiator” 73/2001 Hyundai, Korea was sold at levels USD 9,3 mill. The disposal of Vintage vessels continues in the MR sector, with Union Maritime selling two additional vessels, the “Portman” 47/1998 Brodosplit Brodogradilist, Croatia (SS/DD 10/2020) at USD 5 mill and “Hanson” 45/1997 Halla Korea (SS 08/2022, DD 09/2020) at the same price. Furthermore, Mercator’s “Prem Mala” 47/2000 Onomichi, Japan (SS/DD Overdue) was sold in an auction to Nan Lian Ship Management at USD 4,8 mill. Baltic Indices INDEX 5-Jun 29-May ± (%) BDI 679 504 34,72% BCI 736 46 1500% BPI 814 754 7,96% BSI 507 500 1,40% BHSI 294 271 8,49% Daily T/C Avg 5-Jun 29-May ± (%) Capesize $ 7.307 $ 3.369 116,89% Kamsarmax $ 7.324 $ 6.789 7,88% Panamax $ 5.988 $ 5.453 9,81% Supramax $ 5.947 $ 5.505 8,03% Handysize 38 $ 5.297 $ 4.875 8,66% INDEX 5-Jun 29-May ± (%) BDTI 592 713 -16,97% BCTI 475 587 -19,08% -1.000 0 1.000 2.000 3.000 4.000 Bulkers 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 23
Transcript of WEEKLY SHIPPING MARKET REPORT WEEK 23 · WEEKLY SHIPPING MARKET REPORT - pg. 3 Week 23 (29th May to...
WEEKLY SHIPPING MARKET REPORT - pg. 1
Week 23 (29th May to 5th Jun 2020)
Bulkers
MC Shipping have sold their Capesize “Cape Agnes” 181/2010 Koyo Mihara, Japan (SS/DD 11/2020) with BBHP to Japanese buyers at USD 18,3 mill.
Bulkseas’ Panamax “Lucky Star” 77/2002 Imabari, Japan (SS/DD 02/2022) was committed to Chinese buyers at a price of USD 6,45 mill basis DD passed. Last similar sale took place a couple of weeks ago, when “Gulf Trader” 75/2002 Hitachi Zosen, Japan was sold at levels USD high 5 mill.
After failing last month at USD low 7 mill, Supramax “Amazonit” 57/2011 Jiangsu Hantong, China (SS/DD 04/2021) of Conti Holding was committed again at USD 6,9 mill. Remind you that the one-year-older “Vega Taurus” 57/2010 Taizhou Kouan, China was sold a couple of weeks ago for USD 6,6 mill.
Finally, it would be interesting to see what price will achieve the Handysize “Maratha Pride” 37/2011 Saiki, Japan (SS/DD 03/2021) which is currently under negotiations with undisclosed buyers at USD excess 9 mill. For reference, the one-year-older Korean built “Shah” 36/2010 Hyundai Mipo, Korea was sold in March for USD 8,6 mill.
Tankers
Ridgebury Holdings have disposed their two VLCC sister vessels “Ridgebury Progress” 306/2000 Samsung, Korea (SS/DD 09/2020) & “Ridgebury Purpose” 306/2000 Samsung, Korea (SS/DD 08/2020) to undisclosed buyers at USD 24 mill each in order to be used for storage. Note that the Japanese built “Lucky Trader” 299/2000 Hitachi Zosen, Japan (SS 07/2023, DD 07/2021) had achieved in April USD 30 mill, in a time when the demand for VLCC tonnage and rates were at their highest. Moreover, Hunter Group declared their purchase option on SFL’s VLCC’s “Hunter Atla” & “Hunter Laga” & “Hunter Saga” 300/2019 Daewoo, Korea.
Union Maritime have sold their Vintage LR1 “Wembley” 75/2000 Daewoo, Korea (SS/DD 06/2020) at USD 7,6 mill. Remind you that last week, the one-year-younger “Amazon Gladiator” 73/2001 Hyundai, Korea was sold at levels USD 9,3 mill.
The disposal of Vintage vessels continues in the MR sector, with Union Maritime selling two additional vessels, the “Portman” 47/1998 Brodosplit Brodogradilist, Croatia (SS/DD 10/2020) at USD 5 mill and “Hanson” 45/1997 Halla Korea (SS 08/2022, DD 09/2020) at the same price. Furthermore, Mercator’s “Prem Mala” 47/2000 Onomichi, Japan (SS/DD Overdue) was sold in an auction to Nan Lian Ship Management at USD 4,8 mill.
Baltic Indices
INDEX 5-Jun 29-May ± (%)
BDI 679 504 34,72%
BCI 736 46 1500%
BPI 814 754 7,96%
BSI 507 500 1,40%
BHSI 294 271 8,49%
Daily T/C Avg 5-Jun 29-May ± (%)
Capesize $ 7.307 $ 3.369 116,89%
Kamsarmax $ 7.324 $ 6.789 7,88%
Panamax $ 5.988 $ 5.453 9,81%
Supramax $ 5.947 $ 5.505 8,03%
Handysize 38 $ 5.297 $ 4.875 8,66%
INDEX 5-Jun 29-May ± (%)
BDTI 592 713 -16,97% BCTI 475 587 -19,08%
-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 23
WEEKLY SHIPPING MARKET REPORT - pg. 2
Week 23 (29th May to 5th Jun 2020)
Capesize
Week 23 saw iron ore rates on the West Australia / China route climbing in
the low usd 5.00’s fio range. A number of round trips on the same route were
reported around usd 8,500 pd levels No period activity to report here.
Kamsarmax / Panamax
A number of Indonesian trips into China were reported fixed in the usd
7,000/8,000 pd range. A number of Indonesian trips into India were reported
at the level of usd 7,500 pd. Indian iron ore trips into China were fixed
around usd 13,000 pd. South African trips into India with coal were fixed at
the level of usd 12,250 plus ballast bonus at the usd 225K. Inter-Continental
trips with grains were reported at the level of usd 6,000 pd. Inter-
Continental trips via Baltic with coal were fixed around usd 4,000 pd.
Continental trips into China via US Gulf were reported fixed at the usd 12,500
pd. South American trips into China were reported at the level of usd
12,000/12,900 pd plus ballast bonus at the usd 200K/290K. Usd 9,750 pd on
a Kamsarmax for 6/9 months employment basis delivery in the Pacific.
Ultramax / Supramax
A number of South East Asian trips into China with sand were fixed around
usd 8,500 pd. East Coast Indian trips into China were reported at the level of
usd 10,000/11,000 pd. Persian Gulf trips into India were fixed around usd
10,000 pd. South African trips into China were reported at the level of usd
12,000 pd plus ballast bonus at the usd 200K. Mediterranean trips into West
Africa with clinker were reported fixed at the usd 7,100 pd. No period activity
to report here.
Handymax / Handysize
A generally quiet week for this segment. A number of Persian Gulf trips into
Australia with urea were reported at the level of usd 10,000 pd. Continental
trips into Mediterranean were reported fixed at the usd 4,750 pd. No period
activity to report here.
0
5.000
10.000
15.000
20.000
25.000
$/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 23 (29th May to 5th Jun 2020)
Bulk Carriers
Type Name Dwt YoB Yard SS M/E Gear Price Buyer Comments
Capesize Cape Agnes 181.458 2010 Koyo Mihara,
Japan 11/2020
MAN-
B&W - $ 18,3m Undisclosed
BBHP to
Japanese
Panamax Lucky Star 76.662 2002 Imabari, Japan 02/2022 B&W - $ 6,45m Chinese DD passed
Supramax Amazonit 56.952 2011 Jiangsu
Hantong, China 04/2021
MAN-
B&W 4x30T $ 6,9m Undisclosed
Handysize Swakop 34.274 2013 Yangfan, China 01/2023 Wartsila 4x35T $ 8,5m European BWTS fitted
Handysize Wave Friend 28.368 2010 Imabari, Japan 03/2025 MAN-
B&W 4x30,5T $ 6,4m Greek BWTS fitted
Handysize Glorious
Future 24.781 2006
Kurinoura,
Japan 05/2021
MAN-
B&W 4x30T
Region
$ 4m Greek
Tankers Type Name Dwt YoB Yard SS M/E Price Buyer Comments
VLCC Ridgebury
Progress 306.397 2000 Samsung, Korea 09/2020 MAN-B&W $ 24m
Undisclosed For storage
VLCC Ridgebury
Purpose 306.307 2000 Samsung, Korea 08/2020 B&W $ 24m
VLCC Hunter Atla 300.300 2019 Daewoo, Korea 09/2024 MAN-B&W
Undisclosed
Norwegian
(Hunter
Group)
Purchase
options
declared
VLCC Hunter Laga 299.995 2019 Daewoo, Korea 10/2024 MAN-B&W
VLCC Hunter
Saga 299.995 2019 Daewoo, Korea 10/2024 MAN-B&W
Aframax Torm
Kristina 105.002 1999 Halla, Korea 01/2024 MAN-B&W $ 10m Undisclosed
LR1 Wembley 74.999 2000 Daewoo, Korea 06/2020 Sulzer $ 7,6m Undisclosed
MR Portman 47.431 1998 Brodosplit
Brodogradilist, Croatia 10/2020 B&W $ 5m Undisclosed
MR Prem Mala 47.044 2000 Onomichi, Japan Overdue MAN-B&W $ 4,8m
UAE
(Nan Lian Ship
Management)
Auction sale
MR Hanson 44.923 1997 Halla, Korea 08/2022 B&W $ 5m Undisclosed DD passed
Small Askviken 12.887 2005 Samho, Korea 08/2020 MAN-B&W $ 3,5m Middle
Eastern
Small Incheon
Chemi 8.747 2003 Asakawa, Japan 09/2023 MAN-B&W Undisclosed Greek St St
REPORTED SALES
WEEKLY SHIPPING MARKET REPORT - pg. 4
Week 23 (29th May to 5th Jun 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
Bulker New Athens 170.565 1999 21.115 315 Pakistan
General Cargo Zea Tokyo 29.827 2002 12.408 301 India “As Is’ Mumbai
General Cargo Pac Altair 26.742 2003 11.304 300 Bangladesh
Container Grand 12.578 1992 5.246 280 India “As Is” Singapore
General Cargo Adamastos 8.034 2001 4.717 295 Pakistan
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 23 (29th May to 5th Jun 2020)
Bulk Carriers
Units Dwt Yard Delivery Price Owner Comments
1+1 82.000 NACKS, China 2021 Undisclosed Japanese
(Masumoto Shipping)
1 63.700 Oshima, Japan 2022 Undisclosed Taiwanese
(Taiwan Navigation)
Tankers
Units Dwt Yard Delivery Price Owner Comments
2 158.000 New Times, China 2022 $ 52m Norwegian
(Viken Shipping)
2 158.000 New Times, China 2022 $ 52m Greek (Pantheon Tankers)
Containers
Units Teu Yard Delivery Price Owner Comments
4 1.000 Jiangsu New Yangzijiang,
China 2021/2022 $ 14m
Chinese (Zhejiang Seaport)
Gas
Units Cbm Yard Delivery Price Owner Comments
100 175.000 DSME/ HHI/ Samsung,
Korea 2024/2025 $ 18,75bn Qatari (Qatar Petroleum)
3+2 40.000 Hyundai Mipo, Korea 2021/2022 $ 52,5m Singaporean
(Eastern Pacific) LPG, dual fueled, T/C
to Equinor
NEWBUILDING
WEEKLY SHIPPING MARKET REPORT - pg. 6
Week 23 (29th May to 5th Jun 2020)
0
10
20
30
40
50
2115,5
8,55,5
1611
6,5
27
19
12,58,5
2922,5
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
3727
1812
53
3926
16
66
50
35
23
97
72
50
36
Mill
ion
US$
Tankers
VLCC
Suezmax
Aframax
MR
Prompt Resale 5 years 10 years 15 years
Bulkers Tankers
Size Age Week
23 Week
22 ± %
Size Age
Week 23
Week 22
± %
Capesize 180k Resale 49 49 0,00% VLCC 310k Resale 97 98 -1,02%
Capesize 180k 5 years 27 27 0,00% VLCC 310k 5 years 72 73 -1,37%
Capesize 180k 10 years 20 20 0,00% VLCC 300k 10 years 50 50 0,00%
Capesize 170k 15 years 11,5 11,5 0,00% VLCC 300k 15 years 36 38 -5,26%
Kamsarmax 82k Resale 29 29,5 -1,69% Suezmax 160k Resale 66 67,5 -2,22%
Kamsarmax 82k 5 years 22,5 23 -2,17% Suezmax 160k 5 years 50 51 -1,96%
Panamax 76k 10 years 12,5 13 -3,85% Suezmax 150k 10 years 35 36 -2,78%
Panamax 74k 15 years 8,5 8,5 0,00% Suezmax 150k 15 years 23 23,5 -2,13%
Ultramax 63k Resale 27 27 0,00% Aframax 110k Resale 53 54 -1,85%
Ultramax 61k 5 years 19 19 0,00% Aframax 110k 5 years 39 40 -2,50%
Supramax 58k 5 years 16 16 0,00% Aframax 105k 10 years 26 26,5 -1,89%
Supramax 56k 10 years 11 11 0,00% Aframax 105k 15 years 16 17 -5,88%
Supramax 52k 15 years 6,5 6,5 0,00% MR 52k Resale 37 38 -2,63%
Handysize 38k Resale 21 21 0,00% MR 51k 5 years 27 28 -3,57%
Handysize 37k 5 years 15,5 15,5 0,00% MR 47k 10 years 18 19 -5,26%
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 23 (29th May to 5th Jun 2020)
Currencies Currency 4-Jun 28-May ± (%)
EUR / USD 1,1338 1,1077 2,36% USD / JPY 109,15 107,65 1,39%
USD / KRW 1.219,03 1.239,45 -1,65% NOK / USD 0,1069 0,1023 4,50%
Commodities Commodity 4-Jun 28-May ± (%)
Brent Crude (BZ) 39,99 35,29 13,32% WTI Crude Oil (WTI) 37,41 33,71 10,98%
Natural Gas (NG) 1,82 1,83 -0,55% Gold (GC) 1.727,40 1.728,30 -0,05%
Copper (HG) 2,48 2,41 2,90% Wheat (W) 523,75 514,50 1,80%
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 23 (29th May to 5th Jun 2020)
Stock Prices – Shipping Companies
Company Stock Exchange 4-Jun 28-May ± (%) Diana Shipping Inc (DSX) NYSE 1,82 1,40 30,00% Euroseas Ltd (ESEA) NASDAQ 2,67 2,75 -2,91% Eagle Bulk Shipping Inc (EGLE) NASDAQ 2,30 1,87 22,99% Navios Maritime Holdings Inc (NM) NYSE 2,44 2,26 7,96% Navios Maritime Partners LP (NMM) NYSE 7,45 6,57 13,39% Star Bulk Carriers Corp (SBLK) NASDAQ 6,32 5,06 24,90% Seanergy Maritime Holdings Corp (SHIP) NASDAQ 0,14 0,13 7,69% Safe Bulkers Inc (SB) NYSE 1,12 0,99 13,13% Golden Ocean Group Ltd (GOGL) NASDAQ 3,64 3,13 16,29%
Stock Prices - Wet
Company Stock Exchange 4-Jun 28-May ± (%) Capital Product Partners LP (CPLP) NASDAQ 8,77 8,34 5,16% TOP Ships Inc (TOPS) NASDAQ 0,15 0,13 15,38% Tsakos Energy Navigation Ltd (TNP) NYSE 2,64 2,76 -4,35%
Stock Prices - Other
Company Stock Exchange 4-Jun 28-May ± (%) Danaos Corp (DAC) NYSE 4,39 4,25 3,29% StealthGas Inc (GASS) NASDAQ 2,70 2,75 -1,82% Rio Tinto PLC (RIO) NYSE 56,65 52,51 7,88% Vale SA (VALE) NYSE 10,84 9,31 16,43% Archer-Daniels-Midland Co (ADM) NYSE 41,14 39,00 5,49% BHP Group Ltd (BHP) NYSE 50,40 46,70 7,92%
SHIPPING INDICATIVE SHARE VALUE
WEEKLY SHIPPING MARKET REPORT - pg. 9
Week 23 (29th May to 5th Jun 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: [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 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: [email protected]
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