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WEEKLY SHIPPING MARKET REPORT - pg. 1
S&P Market Activity Bulkers
As we get ready to welcome 2018 and usually holiday season affects the shipping
activity, in the dry cargo market we are reporting a number of interesting sales. Getting
started with the Newbuilding sector, 9 orders were placed with most notable the 4
Newcastlemax to Chinese yards. Chinese c/o Foremost Maritime ordered 2 at SWS
while Norweagians c/o 2020 Bulkers another 2 at New Times for 44.7 usd mill each. In
the Secondhand market and the Kamsarmax sector the SDARI 80 type “Voge Enterpise”
79.4k/2001 COSCO Dalian, China sold close to sellers expectations at rgn 14.9 usd mill.
to undisclosed buyers. It was the 26th Chinese built Kamsarmax sold during this year
and 66th in total. During December Panamax sector was strong with 11 vessels
monthly total including another 3 sales during this last week. Chinese buyers were the
dominants with 6 purchases. For this week, vessels that sold were the “Genco
Vigour”+”Genco Knight” 74k/1999 Oshima, Japan at 7.2 usd mill. each to undisclosed
buyers. As per the last done, remind you that “Silver One” 73k/2000 Daedong, S.Korea
sold in the beginning of December at rgn 8 usd mill. to Chinese with DD due 3/2018.
During the last 6 months 2 failed sales held for the Supramax “U-Lucky” 57k/2011
Xiamen, China but finally sold and delivered before the new year to her new Greek
buyers for a price of 11.5 usd mill. In the same time, undisclosed buyers purchased the
“Queen P” 51k/2009 Imabari, Japan at $ 12.5 usd mill. price close to last done of this
age/dwt “Ocean Friend” 51/2009 Oshima, Japan which was sold at high 12 usd mill.
back to October. In the Handysize, around 89 sales concluded this year having as final
the “Azure Bulker” 33k/2012 Kanda Japan at 13 usd mill. having with last done previous
week’s sale of “Global Horizon” 33k/2010 Shin Kurushima, Japan. In the same time
“Annecy” 32k/2007 Hakodate, Japan sold at 10 usd mill. price in line with the market.
Tankers
On the tanker side ,c/o COSCO Shipping placed an order for 7 tankers, incl. Aframax and LR1 at GSI yard for dely 2019-2021, while Greeks c/o Central Shipping placed 2+ option 2 Suezmax at Hyundai Samho for 55.5 usd mil each. In total 16 NB orders placed this week incl. 3 gas carriers. In the secondhand market, c/o KNOT Offshore Partners paid 96 usd mill. in an internal deal for the Suezmax “Brazil Knutsen” 153k/2013 Samsung, Korea. In the MR sector, “High Freedom” 50k/2014 Hyundai Mipo, S.Korea achieved 28 usd mill. with the option for sellers to re-purchase the vessel after 2 yrs. Remarkable also was the 4 total sales of gas carriers on a total amount of $ 98 mill. with buyers mainly F.Easterns but also the Italians c/o Carbofin who spent 45 usd mill. for the IGS fitted “Maritime Sun” 38cbm/2018 HHI S.Korea.
Dry Bulk Commentary
A very quiet week due to the forthcoming New Year celebrations with no indices reported. In general market feels to be softening in all sizes, routes, trades etc. as most of the key players have covered their requirements since last week. For the Capes, rumors suggested West Australian iron ore rates into China were worth low usd 8.00’s pmt levels. Brazilian iron ore into China came off at around usd 16.00-16.50 pmt levels, however nothing officially reported. Panamax/Kamsarmax market was very quiet this week and have only heard that late 90’s built tonnage secured around $9,500 for inter-PG employment of abt 10-15 days. Also, a Handy (27K dwt) offered 9K for interPG steels tct. On the Smax Pacific market heard (56K dwt tonnage) holding usd mid 9K for 12 mos and usd 6500 for single trip via CJK to WCI with steel coils. Chartering activity, if any, has remained more or less private for the smaller sizes; from Ultramax down to Handy size vessels. Thus we would like to close this very short report wishing you a splendid holiday season and may the New Year bring continued better markets, happiness, good health, and abundant success to you and to your loved ones. Happy 2018!!!
‘’ Bulker ’’
‘’ Tanker ’’
Indicative Demolition Prices
Country Tanker Prices Bulker Prices
India 440 430
Bangladesh 430 420
Pakistan 430 410
China 230 210
Turkey 290 275
WEEKLY SHIPPING MARKET REPORT WEEK 52
WEEK 52 (22nd Dec to 29th Dec 2017)
WEEKLY SHIPPING MARKET REPORT WEEK 52
WEEK 52 (22nd Dec to 29th Dec 2017)
WEEKLY SHIPPING MARKET REPORT - pg. 2
Bulk Carriers
Type Name Dwt YoB Yard SS M/E Gear Price Buyer Comments
Kamsarmax Voge
Enterprise 79.410 2001
COSCO
Dalian,
China
02/2021 B&W - $ 14.9 Undisclosed
Panamax Genco
Vigour 73.941 1999
Oshima,
Japan 10/2019 Sulzer - $ 7.2 Undisclosed
Panamax Genco
Knight 73.941 1999
Oshima,
Japan 04/2019 Sulzer - >> >>
Supramax U-Lucky 57.000 2011 Xiamen,
China 09/2021 B&W 4 x 30 T $ 11.5 Greek
Supramax Queen P 51.241 2009 Imabari,
Japan 11/2019 B&W 4 x 30.5 T $ 12.5 Undisclosed
Handysize Azure
Bulker 33.191 2012
Kanda
Kawajiri,
Japan
02/2022 Mitsubi
shi 4 x 30.5 T $ 13.0 Undisclosed
Handysize Annecy 31.931 2007 Hakodate,
Japan 07/2022
Mitsubi
shi 4 x 30 T $ 10.0 Undisclosed
REPORTED SALES
WEEK 23 (2nd Jun to 9th Jun 2017)
WEEK 45 (3rd Nov to 10th Nov 2017)
REPORTED SALES
WEEK 52 (22nd Dec to 29th Dec 2017)
WEEKLY SHIPPING MARKET REPORT - pg. 3
Tankers
Type Name Dwt/Cbm YoB Yard SS M/E Price(mill) Buyer Comments
Suezmax Brazil
Knutsen 153.684
Dwt 2013
Samsung, S.Korea
05/2018 B&W $ 96.0
UK Based (KNOT
Offshore Partners)
Internal Deal Shuttle Tanker
LR1 Advance Victoria
74.995 Dwt 2006 Minami-
Nippon, Japan 08/2021 B&W $ 13.5 European
Epoxy Coated – 13.150 Ldt
Mr2 High
Freedom 49.990 Dwt 2014
Hyundai Mipo, S.Korea
01/2019 B&W $ 28.0 Undisclosed
Incl. 10 yrs BBB (Sellers have
option to repurchase her
after 2 yrs)
LNG Echigo Maru 125.568
Cbm 1983
MHI Nagasaki, Japan
- Mitsubishi $ 15.0 Korean
(Sinokor)
LPG Maritime
Sun 38.000
Cbm 2018 HHI, S.Korea - B&W $ 45.0
Italian (Carbofin)
IGS
LPG Sloman Ariadne
20.600 Cbm
2011 Hyundai Mipo,
S.Korea 11/2021 B&W $ 34.0
Singaporean (Pacific
Carriers)
Incl. Charter – IGS/SBT 8 pumps
LPG Odyn Gas 6.556 Cbm
1995 Shin
Kurushima, Japan
11/2020 Mitsubishi $ 4.1 Thai
(Siam Gas & Oil)
Containers
Type Name Teu YoB Yard SS M/E Gear Price Buyer Comments
Panamax ALS Fortuna 4.275 2009 Samsung,
Japan 05/2019 Wartsila - $ 15.0
Chinese
(Ansheng)
Sellers
purchased as
“Seaspan
Moon” in
8/2017 at $
9.7 mill
Sub Pmax Ryujin
Nakira 2.553 2007
Naikai
Zosen,
Japan
10/2021 B&W - $ 10.0 Norwegian
Feeder Antigoni 1.049 2008 Dae Sun,
S.Korea 01/2018 B&W
- $ 16.1
enbloc
German
(MPC
Container)
Small Feeder Annika 0.982 2008 Dae Sun,
S.Korea 01/2018 B&W
REPORTED SALES
WEEK 50 (8th Dec to 15th Dec 2017)
REPORTED SALES
WEEK 51 (15th Dec to 22nd Dec 2017)
REPORTED SALES
WEEK 52 (22nd Dec to 29th Dec 2017)
WEEKLY SHIPPING MARKET REPORT - pg. 4
Type Vessel Dwt YoB Ldt Price $ Country Comments
Miscellaneous Ore Fabrica 280.815 1993 45,552 440 India Green Recycling – Trans
Shipment Vessel
Offshore Skarpov 55.173 1979 20,097 n/a India
Container Al Abdali 49.844 1998 18,978 n/a Turkey
Container Asir 49.856 1998 18,966 n/a Turkey Old sale
Tanker Alfa Brittania 99.222 1998 16,519 n/a India Old sale
BC Krakow 69.408 1982 15,900 430 India Self Discharging
Tanker Sendora 68.790 1996 12,964 n/a India
RoRo Yong Chang 12.762 1988 12,361 n/a India
Tanker Nireas 33.100 1995 10,203 375 “As Is” Bandar Abbas - Old sale
BC Xin Hai Jing 13.679 1981 7,654 n/a China
GC Andres 14.080 1998 4,983 n/a Cuba
Offshore/Tug Hurricane-I 2.499 1988 2,450 n/a Bangladesh
GC Alaska Ace 6.135 1981 2,041 310 Bangladesh
Offshore/Tug Brodospas Sun 1.230 1986 1,730 n/a Turkey
Research Northern Explorer 1.000 1987 1,474 510 India Large gens, bronze spare
propeller blades
Offshore Putford Guardian 0.807 1967 n/a n/a Denmark
Reefer Blue Ice 3.514 1980 n/a n/a India
Offshore/Tug BNI Acamar 1.116 1975 n/a n/a Indonesia
Offshore/Tug Demo II 1.200 1980 n/a n/a n/a
RoPax Star 5.455 1978 n/a n/a Turkey
Tug Red Eagle 0.928 1976 n/a n/a India
Offshore Seacor Spirit 1.758 1998 n/a n/a n/a
Offshore/Tug Seacor Venture 2.088 2000 n/a n/a n/a
DEMOLITION
WEEK 36 (1st Sept to 8th Sept 2017)
DEMOLITION
WEEK 52 (22nd Dec to 29th Dec 2017)
WEEKLY SHIPPING MARKET REPORT - pg. 5
Bulkers
Units Type Dwt Yard Delivery Price (mill) Owner Comments
2 Newcastlemax 208,000 SWS, China 2020 Undisclosed
China
(Foremost Maritime)
2 Newcastlemax 208,000 New Times, China 1/2020 $ 44.7 each Norway
(2020 Bulkers)
1 Ultramax 62,000 COSCO Dalian, China 7/2019 $ 34.1
(RMB 222.0) China
(COSCO Shipping) Open Hatch
1 Handysize 34,000 Hakodate, Japan 2020 Undisclosed
Japan (Itochu)
3 MPP 10,000 Higaki Zosen, Japan 2019-2020 Undisclosed
Taiwan
(Glory Navigation)
Tankers
Units Type Dwt Yard Delivery Price (mill) Owner Comments
2+2 Suezmax 160,000 Dwt Hyundai Samho,
Korea Mid 2019 $ 55.5 each
Greece
(Central Shipping)
3 Aframax 114,000 Dwt GSI, China 2019-2020
Undisclosed
2 Aframax 109,000 Dwt GSI, China 2020-2021
China (COSCO Shipping
Energy Transportation)
2 LR 1 64,000 Dwt GSI, China 2020
1+1 Handy 24,000 Dwt Fujian Mawei, China 2019 $ 29.0 China
(Heng Tong Fuels)
Clean
1 LPG 82,000 Cbm Kawasaki Hi Sakaide,
Japan 12/2019 Undisclosed
Greece (Phoenix Tankers)
2 LPG 79,500 Cbm n/a 2020 Undisclosed Belgium (Exmar)
Containers
Units Type Teu Yard Delivery Price (mill) Owner Comments
4 Feeder 640 Fujian Mawei, China 2019 Undisclosed China
(Quanzhou Ansheng)
4 Feeder 640 Nantong Xiangyu,
China 2019 >> >>
NEWBUILDING
WEEK 52 (22nd Dec to 29th Dec 2017)
WEEKLY SHIPPING MARKET REPORT - pg. 6
Bulk Carriers
Size Prompt Resale 5 years 10 years 15 years
Capesize 45.5 33 21 14 Panamax-Kamsarmax 28.5 21 14 10.5 Ultramax - Supramax 27 17.5 12.5 9
Handysize 22 13 9.5 6
Tankers
Size Prompt Resale 5 years 10 years 15 years
VLCC 83 64 40 23 Suezmax 56 41 26 13 Aframax 44 30 19.5 9
MR 35 25 16.5 9.5
INDICATIVE PRICES
WEEK 52 (22nd Dec to 29th Dec 2017)
0
50
Prompt Resale 5 years 10 years 15 years
45,533
2114
28,521
14 10
2717,5 12,5 9
2213 9,5 6,5
Bulk Carriers
Capesize Panamax Supramax Handysize
0
50
100
Prompt Resale 5 years 10 years 15 years
8161
3723
5439
2513
43,529,5
18,5 934 23,5 16,5 9
Tankers
VLCC Suezmax Aframax MR
WEEKLY SHIPPING MARKET REPORT - pg. 7
Currency Week 52 Week 51 Change (%) EUR / USD 1.1954 1.1855 0,84 JPY / USD 112.66 113.41 0,66 KRW / USD 1,067.40 1,079.65 1,13 NOK / USD 0.1213 0.1194 1,59
Commodity Week 52 Week 51 Change (%) Brent Crude (BZ) 66.57 64.85 2,65
WTI Crude Oil (WTI) 60.22 58.18 3,51 Natural Gas (NG) 2.96 2.61 13,41
Gold (GC) 1,297.50 1,270.70 2,11 Copper 329.40 321.15 2,57
Wheat (w) 426.00 425.50 0,12
KEY INDICATORS
WEEK 52 (22nd Dec to 29th Dec 2017)
1,1
1,12
1,14
1,16
1,18
1,2
1/7/2017 1/8/2017 1/9/2017 1/10/2017 1/11/2017 1/12/2017
EUR / USD
0
10
20
30
40
50
60
70
WTI Crude
0
10
20
30
40
50
60
70
Brent Crude
WEEKLY SHIPPING MARKET REPORT - pg. 8
Stock Prices – Shipping Companies
Company Stock Exchange Week 52 Week 51 Change (%)
Diana Shipping Ink (DSX) NASDAQ 4.07 4.11 0,97 Dry ships Ink (DRYS) NASDAQ 3.54 3.46 2,31 Euroseas Ltd (ESEA) NASDAQ 1.74 1.75 0,57
Eagle Bulk Shipping Inc (EGLE) NASDAQ 4.54 4.47 1,57 Navios Maritime (NM) NYSE 1.27 1.31 3,05
Navios Maritime PTN (NMM) NYSE 2.27 2.28 0,44 Star Bulk Carriers Corp (SBLK) NASDAQ 11.17 11.15 0,18
Seanergy Maritime Holdings Corp (SHIP) NASDAQ 1.04 1.03 0,97 Safe Bulkers Inc (SB) NYSE 3.18 3.25 2,15
Golden Ocean (GOGL) NASDAQ 8.18 8.13 0,62
Stock Prices - Wet
Company Stock Exchange Week 52 Week 51 Change (%)
Capital Product Partners LP (CPLP) NASDAQ 3.36 3.41 1,47 TOP Ships Inc (TOPS) NASDAQ 0.26 0.25 4,00
Tsakos Energy Navigation (TNP) NYSE 3.96 3.96 0,00
Stock Prices - Other
Company Stock Exchange Week 52 Week 51 Change (%)
Aegean Maritime Petrol (ANW) NYSE 4.25 4.10 3,66 Danaos Corporation (DAC) NYSE 1.45 1.45 0,00
Stealth Gas Inc (GASS) NASDAQ 4.38 4.03 8,68 Rio Tinto (RIO) NYSE 52.76 51.41 2,63
Vale (VALE) NYSE 12.18 12.05 1,08 ADM Archer Daniels Midland (ADM) NYSE 40.27 40.09 0,45
BHP Billiton (BHP) NYSE 46.38 45.06 2,93
SHIPPING INDICATIVE SHARE VALUE
WEEK 52 (22nd Dec to 29th Dec 2017)
WEEKLY SHIPPING MARKET REPORT - pg. 9
ADVANCED SHIPPING & TRADING S.A.
Vouliagmenis Avenue 168, 1st Floor, E-mail: snp@advanced-ship.gr
Glyfada 16674, Greece E-mail: chartering@advanced-ship.gr
Tel: +30 210 30 03 000 E-mail: finance@advanced-ship.gr
Fax: +30 210 30 01 305
Sale & Purchase Department: Dry Cargo Chartering Department:
Capt. Fountoglou Michalis Mob: + 30 6947 70 07 18 Bonatsos Mavra Mob: +30 6951 00 24 36
Harrington James Mob: + 44 7768 10 45 33 Benetos Kostas Mob: +30 6943 29 32 13
Papoutsis George Mob: + 30 6951 00 51 65 Tiliakos Michalis Mob: +30 6951 97 60 02
Balpakakis Manolis Mob: +30 6955 47 77 72 Pittas Iordanis Mob: +30 6944 05 27 46
Chrousalas Thanasis Mob: +30 6355 47 77 73 Manessis Sophia Mob: +30 6955 19 57 42
Landrakis Stelios Mob: +30 6955 47 77 74
Bilias Tasos Mob: +30 6955 47 77 71
Tsintas Kostas Mob: +30 6959 99 85 10
Kontaratos Alkis Mob: +30 6948 78 05 52
Markoutsa Kanella Mob: +30 6978 41 72 90
Operations Department: Research Department:
Katsouli Fotini Mob: +30 6955 47 77 75 Stergiou Kostas Mob: +30 6942 09 73 10
Chief Executive Consultant: Administration Department:
Capt. Galonis Dimitrios Mob: +30 6945 55 36 81 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: research@advanced-ship.gr
CONTACT DETAILS
WEEK 2 (06th Jan to 13th Jan 2017)
CONTACT DETAILS
WEEK 52 (22nd Dec to 29th Dec 2017)
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