WEEKLY SHIPPING MARKET REPORT WEEK 32 · 2019. 8. 9. · WEEKLY SHIPPING MARKET REPORT - pg. 4 Week...

WEEKLY SHIPPING MARKET REPORT - pg. 1

Week 32 (2nd Aug to 9th Aug 2019)

Bulkers

Thomas Schulte Reederei have sold two Kamsarmax sister vessels, “Diana Schulte” & “Dora Schulte” 80/2010 New Century China (SS/DD 09/2020 & 10/2020 respectively) to Chinese buyers for USD 23 mill enbloc. Moving on the Supramax sector, M/V “Merit Trader” 58/2014 Shin Kurushima Onishi, Japan (SS/DD 10/2019, BWTS fitted) was sold at a price of USD 19 mill while the two-years-older “Hinode Maru” 59/2012 Kawasaki, Japan was sold last week for USD 16,2 mill. Moreover, M/V “Aquakula” 55/2007 Oshima, Japan (DD 02/2020) was committed to Indonesian buyers Djakarta Lloyd at a price of USD 12,1 mill (2 months subs) and NYK Line’s M/V “Marie Grace” 53/2008 Iwagi, Japan (SS/DD 10/2021) was committed at a price of USD 10,5 mill. Finally, Hisamoto Kisen have sold their Handysize “Atlantic Grace” 34/2010 Shin Kochi, Japan (DD 06/2020) for a price of USD 9,5 mill whilst the one-year-older and a little smaller M/V “Ikan Jerung” 32/2009 Saiki, Japan was sold a couple of weeks ago for USD 9 mill.

Tankers

Three VLCC built in Daewoo were reported sold this week, with Euronav’s “V. K. Eddie” 305/2005 Daewoo, Korea (SS/DD 05/2020) being sold to Japanese Modec at USD 38 mill in order to convert her into FPSO. The other two are Navios’ “Nave Electron” 305/2002 Daewoo, Korea (DD 01/2020) at USD 27 mill and NGM’s “Victory I” 299/2001 Daewoo, Korea (DD 10/2020) to Royal Express at USD 26 mill.

A vintage Aframax sale, M/T “Eagle Sibu” 105/1999 Samsung, Korea (SS/DD 08/2019) was committed to undisclosed buyers for USD low 7 mill, whereas the Japanese built M/T “Olympia I” 107/1999 Koyo Mihara, Japan was sold last month at USD 7,9 mill with SS/DD promptly after the sale also (07/2019).

Baltic Indices

INDEX 9-Aug 2-Aug ± (%)

BDI 1.748 1.788 -2,24% BCI 3.222 3.492 -7,73% BPI 1.898 1.779 6,69% BSI 970 968 0,21%

BHSI 523 517 1,16%

INDEX 8-Aug 1-Aug ± (%)

BDTI 628 620 1,29% BCTI 492 464 6,03%

0

1.000

2.000

3.000

4.000

5.000Bulkers

B.D.I B.C.I B.P.I. B.S.I. B.H.S.I.

400

500

600

700

800

900

Tankers

BDTI BCTI

WEEKLY SHIPPING MARKET REPORT WEEK 32



Capesize

Iron ore rates on the West Australia / China route continued throughout Week

32 at the level of low usd 9,00’s fio. A number of round trips on the same route

were reported around usd 24,000 pd levels. Inter-Continental trips via NCSA

were fixed at the level of usd 29,000 pd. No period activity to report here.

Kamsarmax / Panamax

North Pacific rounds ranged at the usd 13,000/14,000 pd. A number of

Indonesian trips into China were reported around usd 12,000/13,000 pd levels.

A number of Indonesian and Australian trips into India were reported at the

levels of usd 11,000/12,000 pd. Persian Gulf trips via Black Sea were fixed around

usd 13,000 pd. Continental trips into Mediterranean via Murmansk were

reported at the level of usd 19,000 pd. South American trips into Continent were

fixed at the level of usd 22,000 pd without any ballast bonus. South American

trips into China were reported at the levels of usd 16,000 pd plus ballast bonus

at the usd 600K. Usd 13,250 pd on a Kamsarmax for 4/6 months employment

basis delivery in the Pacific.

Ultramax / Supramax

Indonesian trips into China at the level of usd 8,000/9,000 pd and Indonesian

trips into India at around usd 10,000 pd. South African trips into China were

reported at the level of usd 14,000 pd plus ballast bonus at the usd 400K.

Mediterranean trips into China via Black Sea were fixed around usd 21,750 pd.

US Gulf trips into Continent with petcoke were reported at the level of usd

18,000 pd. Petcoke from US Gulf into India were fixed around usd 20,500 pd plus

ballast bonus at the usd 260K. South American trips into India were fixed at the

level of usd 15,250 pd plus ballast bonus at the usd 525K and into China at the

level of usd 16,250 pd plus ballast bonus at the usd 625K. No period activity to

report here.

Handymax / Handysize

A generally quiet week for this segment. Indonesian trips into China at the level

of usd 8,500 pd. Chinese steels into Persian Gulf were fixed around usd 7,250

pd. South American trips into West Africa with steels were reported at the level

of usd 18,750 pd. South American coastal trip at the level of usd 14,000 pd. No

period activity to report here.

3.000

11.000

19.000

27.000

35.000

$/d

ay

Capesize

4.000

7.000

10.000

13.000

16.000

19.000

$/d

ay

Panamax

4.000

6.000

8.000

10.000

12.000

$/d

ay

Supramax

4.000

5.000

6.000

7.000

8.000

$/d

ay

Handysize

DRY BULK COMMENTARY



Bulk Carriers

Type Name Dwt YoB Yard SS M/E Gear Price Buyer Comments

Kamsarmax Diana Schulte 79.700 2010

New

Century,

China

09/2020 MAN-

B&W -

$ 23m

enbloc Chinese

Kamsarmax Dora Schulte 79.607 2010

New

Century,

China

10/2020 MAN-

B&W -

Supramax Merit Trader 58.175 2014

Shin

Kurushima

Onishi,

Japan

10/2019 MAN-

B&W 4x30,5T $ 19m Undisclosed

SS/DD

10/2019,

BWTS fitted

Supramax Mia-S 56.835 2010

Jiangsu

Hantong,

China

01/2020 MAN-

B&W 4x35T $ 10,2m Undisclosed Old Sale

Supramax Iris Halo 56.034 2005

Mitsui

Tamano,

Japan

07/2020 MAN-

B&W 4x30T $ 9,9m

Bangladeshi

(SR

Shipping)

Supramax Aquakula 55.309 2007 Oshima,

Japan 01/2022

MAN-

B&W 4x30T $ 12,1m

Indonesian

(Djakarta

Lloyd)

DD 02/2020,

via tender

Supramax Marie Grace 53.450 2008 Iwagi, Japan 10/2021 MAN-

B&W 4x30,5T $ 10,5m Undisclosed

Handymax Jun Ling 45.724 2000

Tsuneishi

Fukuyama,

Japan

01/2020 B&W 4x25T $ 8,37m Chinese

Intra-

domestic

Chinese

transaction

Handysize Atlantic

Grace 33.709 2010

Shin Kochi,

Japan 06/2022 Mitsubishi 4x30T $ 9,5m Undisclosed

GC Ivan Lopatin 33.324 2010

Yangzhou

Ryuwa,

China

07/2020 Wartsila 4x30T $ 5,6m Undisclosed Online

auction

Handysize Ljuta 31.812 2001 Hakodate,

Japan 09/2021 Mitsubishi 4x30,5T

Mid-High

$ 5m Undisclosed

DD passed

04/2019

Small Pacific Venus 18.712 2001 Hakata,

Japan 03/2021

MAN-

B&W 3x36T $ 4,5m Undisclosed

REPORTED SALES



Tankers

Type Name Dwt YoB Yard SS M/E Price Buyer Comments

VLCC V. K. Eddie 305.261 2005 Daewoo, Korea 05/2020 B&W $ 38m Japanese

(Modec)

For

conversion to

FPSO

VLCC Nave Electron 305.178 2002 Daewoo, Korea 01/2022 B&W $ 27m Undisclosed DD 01/2020

VLCC Victory I 298.911 2001 Daewoo, Korea 01/2021 Sulzer $ 26m UAE based

(Royal Express)

Aframax Eagle Sibu 105.365 1999 Samsung, Korea 08/2019 B&W Low $ 7m Undisclosed SS/DD

08/2019

Containers

Type Name Teu YoB Yard SS M/E Gear Price Buyer Comments

Sub

Panamax Verdi 2.824 2006

Hyundai Mipo,

Korea 10/2021

MAN-

B&W - Undisclosed

UAE based

(Simatech

Shipping)

Feeder Asiatic Glory 1.155 2006 Sedef Tuzla,

Turkey 02/2021

MAN-

B&W - $ 4,7m

UAE (Orient

Express Lines)

Feeder Asiatic Jade 1.155 2005 Sedef Tuzla,

Turkey 09/2020 B&W - $ 4,7m

Feeder CS Setubal 1.122 1997 Peene-Werft,

Germany 10/2022 B&W 2x40T Undisclosed

UAE based

(Global

Feeder

Shipping)

REPORTED SALES



Indicative Demolition Prices

Country Price $/ldt

Bu

lke

rs

India 350

Bangladesh 370

Pakistan 360

China -

Turkey 260

Tan

kers

India 370

Bangladesh 390

Pakistan 380

China -

Turkey 270

Demolition Sales

Type Vessel Dwt YoB Ldt Price $/ldt Country Comments

Tanker Agiri 98.805 1996 16.984 400 Undisclosed “As Is” Fujairah

Bulker Meridian 48.817 1996 9.164 387 India 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

340

360

380

400

420

440

460

$/l

dt

Tankers

India Bangladesh Pakistan

340

360

380

400

420

440

460$

/ld

t

Bulkers

India Bangladesh Pakistan

DEMOLITION



Bulk Carriers

Units Size Yard Delivery Price Owner Comments

1 5.800 dwt Miura, Japan 2020 Undisclosed Japanese

(Nippon Steel Shipping) Limestone carrier

Tankers

Units Size Yard Delivery Price Owner Comments

3 51.000 dwt Zvezda, Russia 2022-2023 Undisclosed Russian (Sovcomflot) Dual-fueled, 20 years

T/C to Novatek

2+2 50.000 dwt Stx, Korea 2021-2022 Undisclosed Singapore based (Eastern Pacific)

Dual-fueled

1 50.000 dwt Samsung, Korea 2021 Undisclosed Japanese (Mitsui & Co)

1 12.400 dwt Kurinoura, Japan 2020 Undisclosed Chinese

(Sinochem Shipping)

1 12.400 dwt Kurinoura, Japan 2020 Undisclosed Japanese

(Yawathama Kisen)

1 11.500 dwt Kurinoura, Japan 2020 Undisclosed Singaporean

(Marex Maritime)

1 3.500 cbm Dae Sun, Korea 2021 Below $ 20m Korean (Sangji Shipping) LPG

1 1.800 cbm Miura, Japan 2020 Undisclosed Japanese (Izumi Kisen)

NEWBUILDING



0

10

20

30

40

50

60

23,517

106,5

1713

7,5

2822,5

149,3

3124

52

3023,5

14

Mill

ion

US$

BulkersCapesize

Kamsarmax

Panamax

Ultramax

Supramax

Handysize

Prompt Resale 5 years 10 years 15 years

0

20

40

60

80

100

3930

1910

53

3825

13

67

50

36

19,5

96

71

47,5

32

Mill

ion

US$

Tankers

VLCC

Suezmax

Aframax

MR

Prompt Resale 5 years 10 years 15 years

Bulkers Tankers

Size Age Week

32 Week

31 ± %

Size Age

Week 32

Week 31

± %

Capesize 180k Resale 52 52 0,00% VLCC 310k Resale 96 96 0,00%

Capesize 180k 5 years 30 30 0,00% VLCC 310k 5 years 71 71 0,00%

Capesize 180k 10 years 23,5 23,5 0,00% VLCC 300k 10 years 47,5 47,5 0,00%

Capesize 170k 15 years 14 14 0,00% VLCC 300k 15 years 32 32 0,00%

Kamsarmax 82k Resale 31 31 0,00% Suezmax 160k Resale 67 67 0,00%

Kamsarmax 82k 5 years 24 24 0,00% Suezmax 160k 5 years 50 50 0,00%

Panamax 76k 10 years 14 14 0,00% Suezmax 150k 10 years 36 36 0,00%

Panamax 74k 15 years 9,3 9,3 0,00% Suezmax 150k 15 years 19,5 19,5 0,00%

Ultramax 63k Resale 28 28 0,00% Aframax 110k Resale 53 53 0,00%

Ultramax 61k 5 years 22,5 22,5 0,00% Aframax 110k 5 years 38 38 0,00%

Supramax 58k 5 years 17 17 0,00% Aframax 105k 10 years 25 25 0,00%

Supramax 56k 10 years 13 13 0,00% Aframax 105k 15 years 13 13 0,00%

Supramax 52k 15 years 7,5 7,5 0,00% MR 52k Resale 39 39 0,00%

Handysize 38k Resale 23,5 23,5 0,00% MR 51k 5 years 30 30 0,00%

Handysize 37k 5 years 17 17 0,00% MR 47k 10 years 19 19 0,00%

Handysize 32k 10 years 10 10 0,00% MR 45k 15 years 10 10 0,00%

Handysize 28k 15 years 6,5 6,5 0,00%

INDICATIVE PRICES



Currencies Currency 8-Aug 1-Aug ± (%)

EUR / USD 1,1180 1,1085 0,86% USD / JPY 106,07 107,34 -1,18%

USD / KRW 1.208,94 1.188,55 1,72% NOK / USD 0,1120 0,1124 -0,36%

Commodities Commodity 8-Aug 1-Aug ± (%)

Brent Crude (BZ) 57,38 60,50 -5,16% WTI Crude Oil (WTI) 52,54 53,95 -2,61%

Natural Gas (NG) 2,13 2,20 -3,18% Gold (GC) 1.509,50 1.432,40 5,38%

Copper (HG) 260,75 266,55 -2,18% Wheat (W) 498,50 475,75 4,78%

1,10

1,12

1,14

1,16

1,18

EUR / USD

45

50

55

60

65

70

75

$/b

bl

Oil Prices Brent Crude

WTI Crude

KEY INDICATORS



Stock Prices – Shipping Companies

Company Stock Exchange 8-Aug 1-Aug ± (%) Diana Shipping Inc (DSX) NYSE 3,14 3,29 -4,56% DryShips Inc (DRYS) NASDAQ 3,85 3,82 0,79% Euroseas Ltd (ESEA) NASDAQ 0,55 0,59 -6,78% Eagle Bulk Shipping Inc (EGLE) NASDAQ 4,18 4,56 -8,33% Navios Maritime Holdings Inc (NM) NYSE 4,57 5,09 -10,22% Navios Maritime Partners LP (NMM) NYSE 15,61 16,31 -4,29% Star Bulk Carriers Corp (SBLK) NASDAQ 9,32 9,09 2,53% Seanergy Maritime Holdings Corp (SHIP) NASDAQ 0,54 0,54 0,00% Safe Bulkers Inc (SB) NYSE 1,80 1,89 -4,76% Golden Ocean Group Ltd (GOGL) NASDAQ 5,48 5,87 -6,64%

Stock Prices - Wet

Company Stock Exchange 8-Aug 1-Aug ± (%) Capital Product Partners LP (CPLP) NASDAQ 10,76 11,20 -3,93% TOP Ships Inc (TOPS) NASDAQ 0,36 0,37 -2,70% Tsakos Energy Navigation Ltd (TNP) NYSE 2,83 3,01 -5,98%

Stock Prices - Other

Company Stock Exchange 8-Aug 1-Aug ± (%) Danaos Corp (DAC) NYSE 7,34 8,40 -12,62% StealthGas Inc (GASS) NASDAQ 3,38 3,74 -9,63% Rio Tinto PLC (RIO) NYSE 50,65 54,53 -7,12% Vale SA (VALE) NYSE 11,97 12,52 -4,39% Archer-Daniels-Midland Co (ADM) NYSE 38,30 41,15 -6,93% BHP Group Ltd (BHP) NYSE 51,00 52,93 -3,65%

SHIPPING INDICATIVE SHARE VALUE



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 Kanella Mob: +30 6959 99 85 10

Roussos Pantelis Mob: +30 6955 19 57 42

Mylona Irini Mob: +30 6951 97 60 02

Operations Department:

Katsouli Fotini Mob: +30 6955 47 77 75

Chief Executive Consultant:

Capt. Galonis Dimitrios Mob: +30 6945 55 36 81

E-mail: [email protected]




Dry Cargo Chartering Department:

Benetos Kostas Mob: +30 6943 29 32 13

Pittas Iordanis Mob: +30 6944 05 27 46

Dienis Aggelos Mob: +30 6945 64 97 73

Filippis Dimitris Mob: +30 6977 98 47 32

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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WEEKLY SHIPPING MARKET REPORT WEEK 32 · 2019. 8. 9. · WEEKLY SHIPPING MARKET REPORT - pg. 4 Week...

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