WEEKLY SHIPPING
MARKET REPORT WEEK 48
- 28th November - to 2nd December 2011 -
Legal Disclamer
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, Shiptrade Services 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.
Researched and compiled by: Shiptrade Services SA, Market Research on behalf of the Sale & Purchase, Dry Cargo Chartering and Tanker Chartering Departments. For any questions please contact: [email protected]
Shiptrade Services SA Tel +30 210 4181814 [email protected] 1st Floor, 110/112 Notara Street Fax +30 210 4181142 [email protected] 185 35 Piraeus, Greece www.shiptrade.gr [email protected]
1
India to overtake China as its biggest coal customer - Mr
Beckham
Bumi Plc expects India to overtake China as its largest customer as consumption surges in the South Asian nation. The report quoted Mr Andrew Beckham CFO of Bumi as saying that “It used to be the case that the only way you sell is to China, but now India will pick up anything that China won’t take. I would say India will be our largest customer next year.” Mr Beckham during an interview said that China imports coal from Indonesia when it’s cheaper than or equivalent to domestic prices, while India is willing to pay a higher spot rate. India and China will be the dominant markets for Indonesia’s coal exports in the near future. Mr Beckham said that Indonesia’s high-grade coal appeals to India, where most of the output is of a low grade that needs to be mixed and treated first. He added that the trend of China’s imports could change with if spot coal prices decline or the yuan appreciates at a faster pace. According to the International Energy Agency, the thirst for power generation in Asia’s biggest energy users will boost China’s share of global coal consumption to 48% in 2035 and India’s share to 15%. (Bloomberg)
Hyundai, Samsung May Jump 80% on
South Korean shipbuilding stocks may jump as much as 80 percent in four months as they catch up with gains in oil prices, according to Mirae Asset Securities Co., an affiliate of the nation’s second-largest money manager. The Korea KRX Shipbuilding Index (KRXSHIP), which tracks Hyundai Heavy Industries Co., Samsung Heavy Industries Co. and eight other shipbuilding stocks, may rebound as rising oil prices spur demand for drill ships and liquefied natural gas tankers, said Lee Sokje, a Seoul-based Mirae analyst. The index has tumbled 42 percent since reaching the highest this year on May 2. “Looking at how oil prices are doing, it’s only a matter of time before shipyard shares follow,” Lee said by phone on Dec. 2. “This is a very good opportunity to buy.” Brent crude, the benchmark used to price two-thirds of global oil supplies, has jumped about 9.8 percent since Oct. 4 because of easing economic concerns and political tensions in Iran. The price may rise to $127.50 a barrel at the end of next year as the global economy avoids recession, Goldman Sachs Group Inc. said in a Dec. 1 report. It traded at $109.60 Dec. 2. Hyundai Heavy, the world’s largest shipyard, gained 1.9 percent today to 294,500 won, the highest closing price in more than a month, in Seoul. Daewoo Shipbuilding & Marine Engineering Co. (042660) gained 4.2 percent to 30,900 won, the highest closing price in almost four months and the best performer on the Kospi 50 Index (KOSPI50) today. The Korea KRX Shipbuilding Index rose 1.9 percent.
Ship Slump The Bloomberg World Shipbuilding Index (BWSHIP) has fallen about 32 percent this year as orders for vessels to carry containers, commodities and oil have tumbled amid the European debt crisis and a slump in freight rates caused by overcapacity. This slowdown may affect Korean shipyards less than those in China as shipbuilders including Hyundai Heavy, Samsung Heavy and Daewoo Shipbuilding, South Korea’s three largest, have pared their reliance on these traditional markets by focusing more on energy-related products. South Korean yards may win more sales from energy products than ships for the first time next year, according to NH Investment & Securities Co. South Korean shipyards have built 88 percent of drill ships ordered since 2000 and 77 percent of LNG tankers since 2006, according to Mirae Asset’s Lee. Hyundai Heavy, based in Ulsan, South Korea, has won a record 11 drill-ship orders this year. The vessels are used to bore test wells. Mirae’s Lee has “buy” ratings on all six of the shipyards he covers, according to data compiled by Bloomberg. He expects Hyundai Heavy to rise to 540,000 won within 12 months, compared with today’s closing price of 294,500 won. The shipyard (009540) is rated “buy” by 37 analysts, with two “hold” ratings and two “sell” ratings, according to Bloomberg data. (Bloomberg)
Qatar Petroleum, Shell Sign $6.4 Billion Petrochemicals Deal
Qatar Petroleum and Royal Dutch Shell Plc (RDSA) signed a heads of agreement to develop a petrochemicals plant in the Gulf country for an estimated cost of $6.4 billion. State-run Qatar Petroleum will have an 80 percent stake in the project and Shell the remainder, the companies said today in Doha. They plan to sign a final joint-venture agreement by the end of next year or early in 2013, Qatari Oil Minister Mohammed al-Sada told reporters in the country’s capital. The project would be completed in 2017, he said. The Shell venture would not replace one that Exxon Mobil Corp. (XOM) proposed two year ago, and the country plans more petrochemicals projects, al-Sada said. He estimated the Shell complex’s costs at $6.4 billion. OPEC-member Qatar is the world’s largest exporter of liquefied natural gas. The heads of agreement sets the scope and commercial principals for the project, which would include a steam cracker and a mono-ethylene glycol plant with a capacity of 1.5 million metric tons a year, Qatar Petroleum and Shell said in a statement. The complex would be able to produce 300,000 tons a year of linear alpha olefins, they said. lp block it, he said. (Bloomberg)
Shipping , Commodities & Financial News
2
In Brief: Even though BDI increased as an effect of the increase on the Capes, the rest of the sectors experienced a decline on the rates. All in all, BDI gained 57 points, BCI gained 326 points, BPI lost 69 points, BSI lost 43 point, and BHSI lost 12 points. Capes: Week began slowly but soon activity increased at both basins. Rates in the Atlantic basin increased as an effect of the improvement on the Fronthaul trips. Rates for trips to F.East concluded at USD 52.000 per day, while rates for Transatlantic round concluded at USD 29.500 per day. On the Tubarao/Qingdao trade rates increased at USD 28.80-29.00pmt. In the Pacific basin, there was higher level of activity from the Atlantic with the iron ore majors fixing around 12-15 vessels, and rates for the Australia/China trade fluctuating between USD 11.30 – 12.50pmt, while some rumours saying that a few fixtures concluded close to USD 13.00 pmt. On TCT basis, rates for Pacific round also improved and concluded at USD 25.000 per day basis N.China delivery. Panamax: Week began as previous week ended, with rates moving downwards. In the Atlantic basin there were not many fresh cargoes in the market and tonnage started building up. Many Owners preferred to fix their vessels for 2/3 laden legs at rates around USD 15.500-16.000 per day, while there were also some vessels ballasting towards USG. At week’s end, rates for trips ex USG to F.East concluded at USD 26.000+600.000 GBB basis APS USG, while on the standard Fronthaul rates concluded at USD 25.000per day. For those who preferred to remain in the Atlantic, rates for Transatlantic round concluded at USD 15.500per day. In the Pacific basin there were not many Indonesian coal cargoes and the tonnage availability was getting larger day by day. Some vessels in S.China/ S.E.Asia claimed that they were holding between USD 8.000-10.000 for one trip via Indonesia with coal. On the other hand, we witnessed some fixtures reported ex N.China for a trip via Nopac at rates between USD 10 - 11.250 per day, while rumours say that another vessel was fixed USD 12.750 per day basis N.China delivery ( Calipso, 73.691/05’)
Supramax: Atlantic held tight, but Pacific continued to slide.
Market in the Atlantic basin managed to remain more or less steady, but activity decreased. Still USG region pays the most with rates for trip to continent/East Mediterranean remaining at USD mid 20’s per day, while for trips to F.East fixtures reported at USD low/mid 30’s per day. Ex Continent, rates for trips to East Mediterranean/ Bl.Sea concluded at USD low 20’s per day. On the Fronthaul trade, rates for trips ex Continent concluded at USD low/mid 20’s per day, while trips ex Bl.Sea via G.O.A concluded at USD very high 20’s per day. Pacific basin saw rates decreasing as there was not so much cargo volume to cover the tonnage supply, and soon the available cargoes covered. Positions in S.China/S.E.Asia interested for Indonesian coal to China were fixed at rates around USD 6-7.000per day. On the other hand, for the N.China positions, there were not many cargoes ex NOPAC, and many Charterers were offering something around USD 2-4.000 per day for Indonesia round, or something around USD 6-7.000 per day for trip to India.
Handysize: Rates remained at same levels, without many changes. In the Atlantic region we could see just a few cargoes from East Mediterranean/Bl.Sea but there were also many vessels in the area. Rates for trips to F.East concluded at USD high teen’s per day, while those who preferred to remain in the Atlantic could see around USD 11-13.000 for trip to W.Africa. In the Pacific basin, market remained quiet with many vessels being in N.China. There were some parcels of steels or cement/clinker to Bangladesh or S.E.Asia. Charterers who had available cargoes could pick up vessels and they were rating at levels around USD 4.500-5.000 per day.
Dry Bulk - Chartering
3
Baltic Indices – Dry Market (*Friday’s closing values)
Index Week 48 Week 47 Change (%) BDI 1866 1807 3,27
BCI 3409 3049 11,81
BPI 1701 1794 -5,18
BSI 1335 1380 -3,26
BHSI 623 639 -2,50
T/C Rates (1 yr - $/day)
Type Size Week 48 Week 47 Change (%)
Capesize 160 / 175,000 17000 16000 6,25
Panamax 72 / 76,000 12000 12500 -4,00
Supramax 52 / 57,000 12500 12500 0,00
Handysize 30 / 35,000 10250 11500 -10,87
Average Spot Rates
Type Size Route Week 48 Week 47 Change %
Capesize 160 / 175,000
Far East – ATL 6250 5000 25,00
Cont/Med – Far East 52000 48000 8,33
Pacific RV 25000 20750 20,48
TransAtlantic RV 29000 27000 7,41
Panamax 72 / 76,000
Far East – ATL 4000 3800 5,26
ATL / Far East 25000 25800 -3,10
Pacific RV 11600 12000 -3,33
TransAtlantic RV 15500 16500 -6,06
Supramax 52 / 57,000
Far East – ATL 3800 4500 -15,56
ATL / Far East 26000 27000 -3,70
Pacific RV 7000 7800 -10,26
TransAtlantic RV 13000 12000 8,33
Handysize 30 / 35,000
Far East – ATL 3000 4000 -25,00
ATL / Far East 17000 18000 -5,56
Pacific RV 5000 4500 11,11
TransAtlantic RV 12500 13000 -3,85
Dry Bulk - Chartering
4
ANNUAL
OCTOBER 2011 – DECEMBER 2011
Dry Bulk - Chartering
5
Dry Bulk - Chartering
Capesize Routes – Atlantic 2010 / 11
$0,00
$5.000,00
$10.000,00
$15.000,00
$20.000,00
$25.000,00
$30.000,00
$35.000,00
$40.000,00
$45.000,00
1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52
C2 TUB/ ROT
C4RBAY /ROTC7 BOL/ ROT
C8 T/ARV
AVGALL TC
Capesize Routes – Pacific 2010 / 11
$0,00
$10.000,00
$20.000,00
$30.000,00
$40.000,00
$50.000,00
$60.000,00
$70.000,00
1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52
C3 TUB /PRC
C5 WAUST /PRC
C9 CONT /FE
C10 FE R/V
Panamax Routes – Atlantic 2010 / 11
$0,00
$5.000,00
$10.000,00
$15.000,00
$20.000,00
$25.000,00
$30.000,00
1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52
P1A T/A RV
P2ACONT/FE
6
Dry Bulk - Chartering
Panamax Routes – Pacific 2010 /11
$0,00
$5.000,00
$10.000,00
$15.000,00
$20.000,00
$25.000,00
1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52
P3A FE R/V
P4 FE/CON
AVG ALL TC
Supramax Routes – Atlantic 2010 /11
$0,00
$5.000,00
$10.000,00
$15.000,00
$20.000,00
$25.000,00
$30.000,00
$35.000,00
$40.000,00
1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52
S1A CON / FE
S1B BSEA / FE
S4A USG /CONT
S4B CONT /USG
S5 WAFR / FE
Supramax Routes – Pacific 2010 / 11
$0,00
$5.000,00
$10.000,00
$15.000,00
$20.000,00
$25.000,00
1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52
S2 FE R/V
S3 FE / CON
S6 FE / INDI
S7 ECI / CHI
AVG ALL TC
7
In Brief: S&P’s downgrade warning on eurozone bolstered concerns that EU won’t avoid recession after all, while rising tension
in Iran seriously threatens to disrupt oil supply.
VLCC: The market experienced an uneventful week as no movement was shown in either direction. In the Middle East Gulf
some relative balance seems to have been found, at least for now, while the coming holidays in the West strengthens the
feeling that the lull will continue for a couple more days. In West Africa ballast units didn’t allow for any gains to materialize
despite the interest shown on the back of rising Suezmax rates.
Suezmax: A bumpy ride for Suezmaxes was witnessed in West Africa. The week started out rather well, continued impressively
and ended with rates correcting to low ws80s. Activity picked up in the Black Sea pushing rates considerably higher, even
though demand cooled off as days passed by.
Aframax: The appearance of some fresh enquiries in the Mediterranean put some upward pressure on rates, whereas in both
the North Sea and Middle East markets rates remained relatively unchanged. In the Caribbean the ample supply of tonnage
along with sluggish demand resulted in rates plummeting.
Products: Mixed feelings for clean cargo movements on AG/Japan trade as LR2s gained a couple of worldscale points on the
back of improving demand, whereas LR1s lost ground due to a slowdown in activity. Weak demand for MRs in the Caribbean
drove rates down, unlike their European counterparts which rose on the back of a tightening tonnage list. Not much changed for
dirty Panamaxes apart from an uptick on transatlantic runs.
Baltic Indices – Wet Market (*Friday’s closing values)
Index Week 48 Week 47 Change (%)
BCTI 726 705 2,98
BDTI 776 782 -0,77
T/C Rates (1 yr - $/day)
Type Size Week 48 Week 47 Change (%)
VLCC 300.000 16500 16250 0,00
Suezmax 150.000 17000 17500 0,00
Aframax 105.000 13000 13000 0,00
Panamax 70.000 13500 13500 0,00
MR 47.000 14000 14000 0,00
Tanker - Chartering
8
Crude Tanker Average Spot Rates
Type Size (Dwt) Route Week 48 WS
Week 47 WS
Change %
VLCC
280,000 AG – USG 38 38 0,00
260,000 W.AFR – USG 60 60 0,00
260,000 AG – East / Japan 58 58 0,00
Suezmax 135,000 B.Sea – Med 82.5 74 11,49
130,000 WAF – USAC 81 76 6,58
Aframax
80,000 Med – Med 87.5 83.5 4,79
80,000 N. Sea – UKC 95 96 -1,04
80,000 AG – East 117.5 117.5 0,00
70,000 Caribs – USG 100 121 -17,36
Product Tanker Average Spot Rates
Type Size (Dwt) Route Week 48 WS
Week 47 WS
Change %
Clean
75,000 AG – Japan 105 101 3,96
55,000 AG – Japan 125 129 -3,10
38,000 Caribs – USAC 155 160 -3,13
37,000 Cont – TA 155 147.5 5,08
Dirty
55,000 Cont – TA 117.5 115 2,17
50,000 Caribs – USAC 125 125 0,00
Tanker - Chartering
9
VLCC Trading Routes 2010 / 11
0
10
20
30
40
50
60
70
80
90
1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52
AG - USG
WAFR - USG
AG EASTJAPAN
Suezmax Trading Routes 2010 / 11
0
20
40
60
80
100
120
140
160
1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52
B. SEA- MED
WAF -USAC
Aframax Trading Routes 2010 / 11
0
20
40
60
80
100
120
140
160
180
200
1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52
MED - MED
N.SEA - UKC
AG - EAST
CARIBS USG
Tanker - Chartering
10
Clean Trading Routes – 2010 / 11
0
50
100
150
200
250
300
1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52
AG - JAPAN(75,000)
AG - JAPAN(55,000)
CARIBS - USAC(38,000)
CONT - TA(37,000)
Dirty Trading Routes – 2010 / 11
0
50
100
150
200
250
1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52
CONT - TA(55,000)
CARIBS -USAC(50,000)
Tanker - Chartering
11
Prices remain on a depreciating trend!
The sales reported this week follow the same sliding trend as reported in the previous week. Quite few owners /
prospective buyers’ still believe that we haven’t seen the bottom of this market. Scrap prices have started breathing again
after several weeks of depreciation.
This week, Shiptrade’s enquiry index shows that in enquiries have seen a decrease, although Handies and Handymaxes
remain buyers’ first choice, while in the tanker sector MR and Aframaxes remain Buyers top priorities.
In the Capesize sector, M/V “Carouge” (150.000 DWT built in 1992 in CSBC, CHN) was reported sold for high USD 10 Mill to
Chinese buyers. Last similar sale was the M/V “Suma” (150.000 dwt built China 1994) sold for USD 14 mill in September.
Another couple of handysize transactions this week, the M/V “Sanko Eternal” (27,900 DWT built in 1996 in Naikai, Japan)
was sold to Greek buyers for USD 10,5 Mill, same levels as her sister “New Accord” which was reported the previous week.
Furthermore M/V “Southern Spirit” (29.480 dwt, Kurushima JPN 1998) was reported sold for USD 14 mill to undisclosed
buyers. The deal comes with a 3 year TC back to messrs “Daiichi” for USD 10.000 / day.
M/V “Fabrizia D’ Amato” (40.081 DWT built in 2004 in Shina, KR) is reported for USD 19.5 mill without any court subjects.
A very interesting transaction is the one of five modern MR tankers that where sold en bloc for about USD 184.5 mill to
Mexican buyers subject to a charter award from Pertamina.
NEWBUILDNGS
In the newbuilding market, we have seen 2 vessels reported to have been contracted.
8 Bulk Carriers (Handymax – Ultramax - Capesize)
DEMOLITION
Bangladesh is still idle, waiting for the next court hearing which is set for December 14th
. However breaking yards are
emptying and Cash buyers have been diverting their vessels to India and Pakistan in order to cut their losses. The Indian
market seems to be breathing again after the currency crisis of the Indian Rupee began to subside and Buyers started
purchasing tonnage at improved levels. Pakistani buyers have been purchasing tanker tonnages for quite competitive
prices in the past weeks, something that happened because of the strong steel plate prices in the area, despite the slight
price slacking of the Pakistani Rupee. In China it seems that prices are improving every week and buyers are offering better
levels, with some reports stating that the USD 400 / LT has been most likely exceeded and buyers are preparing to acquire
new tonnage in order to stock their yards as they seem to believe that prices could go higher after January.
Sale & Purchase
12
Indicative Market Values – ( 5 yrs old / Mill $ )
Bulk Carriers
Week 48 Week 47 Change %
Capesize 40 40 -
Panamax 27 27 -
Supramax 26 26 -
Handysize 21 21 -
Tankers
VLCC 80 80 -
Suezmax 54 54 -
Aframax 41 41 -
Panamax 34 34 -
MR 26 26 -
Weekly Purchase Enquiries
SHIPTRADE P/E WEEKLY INDEX
0
50
100
150
200
250
300
350
28/12
-3/120
11
4/1-10/1/2011
11/1-17/1/201
1
18/1-24/1/201
1
25-31/1/201
1
1-7/2/2010
8-14/2/2011
15-21/2/201
1
22-28/2/201
1
01-07/3/201
1
08-14/3/201
1
15-21/03/20
11
22-28/03/20
11
29/03
-4/4/201
1
5/4/-11/4/20
11
12-18/4/201
1
19-25/4/201
1
26/4-2/5/2011
3-9/5/2011
10-16/5/201
1
17-23/5/201
1
24-30/5/201
1
31/5-6/6/2011
7-13/6/2011
14-20/6/201
1
21-27/6/201
1
28/6-4/7/2011
5-11/7/2011
12-18/7/201
1
19-25/7/201
1
26/7-1/8/2011
2-8/8/2011
9-15/8/2011
16-21/8/201
1
22-29/8/201
1
30/8-05/9/201
1
06-12/9/201
1
13-19/9/201
1
20-26/9/201
1
27/9-3/10/201
1
4-10/10/201
1
11-17/10/20
11
18-24/10/20
11
25-31/10/20
11
1-7/11/2011
8-14/11/201
1
15-21/11/20
11
22-28/11/20
11
29/11
-5/12/20
11
Korea China Spore KCS
Greece Other Sum
Sale & Purchase
13
Reported Second-hand Sales
Bulk Carriers Name Dwt DoB Yard SS Engine Gear Price Buyer
Carouge 150.000 1992 CSBC, TW 11/2012 B&W - High 10 mill Chinese
Hyundai Mipo 6062 82.000 2012 Hyundai Mipo,
JPN - B&W - 33.5 mill Greek
Nord Maru 55.000 2006 Oshima, JPN 02/2016 B&W 4 X 30 T 25 mill Greek
Varanasi 47.000 1987 Daewoo, KR 11/2011 B&W 5 X 25 T Undisclosed Enbloc Basis
Undisclosed Mandakini 47.000 1986 Daewoo, KR 10/2011 B&W 5 X 25 T
Oji New Century (Woodchips Carrier)
43.000 1996 Sanoyas, JPN 09/2016 MIT 3 X 15 T 11.75 mill Undisclosed
Prince of Ocean 41.000 1991 Sanoyas, JPN - MIT 3 X 12 T 4.5 mill (Class
Suspended)
Chinese Pre-Auction Deal
Southern Spirit 29.000 1998 Kurushima, JPN 11/2013 MIT 4 X 30 T
14 mill with TC back for
3 years @ 10.000 / day
Undisclosed
Tankers Name Dwt DoB Yard SS Engine Hull Price Buyer
Alloro 70.000 1997 Namura, JPN 09/2012 Sulzer DH 3.9 Greek
Ocean Current 46.000 2009 Hyundai, KR 12/2014 B&W DH
38.5 mill Each Enbloc to
Mexican Buyers subject to award
of PEMEX charter
Ocean Crest 46.000 2009 Hyundai, KR 10/2014 B&W DH
Ocean Chariot 46.000 2009 Hyundai, KR 10/2014 B&W DH
Alpine Emma 37.000 2009 Hyundai, KR 05/2014 B&W DH 34.5 mill Each
Alpine Hallie 37.000 2009 Hyundai, KR 04/2014 B&W DH
Sale & Purchase
14
Newbuilding Orders
No Type Dwt / Unit Yard Delivery Owner Price 2 BC 176.000 SWS 2013 Minerva -
1 + 1 BC 64.000 Jinhai 2013 Kyma Shipmanagement -
4 BC 40.000 Tianjin Xingang 2013 MTM -
Newbuilding Prices (Mill $) – Japanese/ S. Korean Yards
Newbuilding Resale Prices
Bulk Carriers
Capesize 50 51
Panamax 34 37
Supramax 30 34
Handysize 24 26
Tankers
VLCC 98 100
Suezmax 65 66
Aframax 47 48
Panamax 45 46
MR 34 36
Newbuilding Resale Prices
Bulk Carriers (2008 – Today) Tankers (2008 – Today)
Newbuildings
$0,00
$20,00
$40,00
$60,00
$80,00
$100,00
$120,00
$140,00
$160,00
$180,00
Ap
ril-
08
Au
gu
st-0
8
De
ce
mb
er-
Ap
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09
Au
gu
st-0
9
De
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mb
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Ap
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10
Au
gu
st-1
0
De
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mb
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Ap
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11
CAPESIZE
PANAMAX
SUPRAMAX
HANDYSIZE
$0,00
$50,00
$100,00
$150,00
$200,00
$250,00
Ap
ril-
08
Au
gust
-08
Dec
emb
er-
Ap
ril-
09
Au
gust
-09
Dec
emb
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Ap
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10
Au
gust
-10
Dec
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Ap
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11
VLCC
SUEZMAX
AFRAMAX
LR 1
MR
15
Demolition Sales
Vessel Type Built Dwt Ldt Buyer Country Price Arwex BC 1976 14.550 5.615 India 492
Jin Yuan Men BC 1978 22.329 7.187 India 475
Success Power BC 1982 55.615 11.369 India 483
Front Beta Tanker 1992 135.915 23.423 Pakistan 505
Ital Garland Container 1988 53.240 18.197 China 440 (with 500 T IFO ROB)
Ital Glamour Container 1987 53.240 18.197 China 440 (with 500 T IFO ROB)
Demolition Prices ($ / Ldt)
Bangladesh China India Pakistan
Dry - 380 460 450
Wet - 400 490 475
Demolition Prices
Bulk Carriers (2008 – Today) Tankers (2008 – Today)
Demolitions
0
100
200
300
400
500
600
700
800
April
08
Aug 0
8
Dec 0
8
April
09
Aug 0
9
Dec 0
9
Apr 1
0
Aug 1
0
Dec 1
0
April
11
$ /
Ld
t
Bangladesh
China
India
Pakistan
0
100
200
300
400
500
600
700
800
April
08
Aug 0
8
Dec 0
8
April
09
Aug 0
9
Dec 0
9
Apr 1
0
Aug 1
0
Dec 1
0
April
11
$ /
Ld
t
Bangladesh
China
India
Pakistan
16
Shipping Stocks
Commodities
Commodity Week 48 Week 47 Change (%) Brent Crude (BZ) 109 110 -0,91
Natural Gas (NG) 3,44 3,60 -4,44
Gold (GC) 1713 1712 0,06
Copper (LME) 3,55 3,34 6,29
Wheat (W) 265 264 0,38
Dry Bulk
Company Stock Exchange Week 48 Week 47 Change % Baltic Trading Ltd (BALT) NYSE 5,05 4,39 15,03
Diana Shipping Inc (DSX) NASDAQ 7,60 7,25 4,83
Dryships Inc (DRYS) NASDAQ 2,42 2,15 12,56
Euroseas Ltd (ESEA) NASDAQ 2,71 2,85 -4,91
Excel Maritime Carriers (EXM) NYSE 1,97 1,65 19,39
Eagle Bulk Shipping Inc (EGLE) NASDAQ 1,18 1,12 5,36
Freeseas Inc (FREE) NASDAQ 0,61 0,78 -21,79
Genco Shipping (GNK) NYSE 7,60 6,93 9,67
Navios Maritime (NM) NYSE 3,90 3,21 21,50
Navios Maritime PTN (NMM) NYSE 15,42 13,50 14,22
Paragon Shipping Inc (PRGN) NASDAQ 0,75 0,74 1,35
Star Bulk Carriers Corp (SBLK) NASDAQ 1,11 1,22 -9,02
Seanergy Maritime Holdings Corp (SHIP) NASDAQ 2,75 2,89 -4,84
Safe Bulkers Inc (SB) NYSE 6,10 5,97 2,18
Golden Ocean Oslo Bors (NOK) 4,14 3,82 8,38
Tankers Capital Product Partners LP (CPLP) NASDAQ 5,90 5,72 3,15
Omega Navigation Enterprises (ONAV) NASDAQ 0,19 0,29 -34,48
TOP Ships Inc (TOPS) NASDAQ 2,60 2,45 6,12
Tsakos Energy Navigation (TNP) NYSE 5,13 5,72 -10,31
Other Aegean Maritime Petrol (ANW) NYSE 4,49 4,25 5,65
Danaos Corporation (DAC) NYSE 3,35 3,33 0,60
StealthGas Inc (GASS) NASDAQ 3,96 3,72 6,45
Rio Tinto (RTP) NYSE 51,85 46,90 10,55
Vale (VALE) NYSE 23,50 21,90 7,31
ADM Archer Daniels Midland (ADM) NYSE 29,99 27,90 7,49
BHP Billiton (BHP) NYSE 75,30 66,32 13,54
Financial Market Data
17
Currencies
Week 48 Week 47 Change (%) EUR / USD 1,34 1,32 1,52
USD / JPY 78,00 77,73 0,35
USD / KRW 1128 1162 -2,93
USD / NOK 5,78 5,92 -2,36
Bunker Prices
IFO 380 IFO 180 MGO Piraeus 637 670 976
Fujairah 688 712 1045
Singapore 668 673 925
Rotterdam 628 649 956
Houston 645 673 980
Port Congestion*
Port No of Vessels
China Rizhao 23
Lianyungang 26
Qingdao 35
Zhanjiang 9
Yantai 14
India
Chennai 8
Haldia 18
New Mangalore 19
Kakinada 10
Krishnapatnam 10
Mormugao 5
Kandla 42
Mundra 16
Paradip 8
Vizag 41
South America
River Plate 210
Paranagua 53
Praia Mole 21
* The information above exhibits the number of vessels, of various types and sizes, that are at berth, awaiting anchorage, at
anchorage, working, loading or expected to arrive in various ports of China, India and South America during week 48 of year
2011.
Financial Market Data / Bunker Prices / Port Congestion
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