ncsc - october monthly sale and purchase report
DESCRIPTION
N. Cotzias Shipping Consultants - October 2010 Monthly Sale and Purchase reportTRANSCRIPT
www.cotzias.gr – visit our constantly updated website OCTOBER 2010
Ship sale volume: Oct‐10 Sep‐10
135 99 last month
91 73 last month
44 26 last month
Scrap volume:
74 87 last month
$503 per/ldt INDIA
Newbuilding Ships Prices 29/10/2010 (in mil USD)
Dry Cargo CAPE 30/9/2009 PMX 30/9/2009 HMAX 30/9/2009
NEWBUILDING $72.0 $64.3 $44.0 $40.0 $36.0 $33.4
Tanker Ships VLCC 30/9/2009 SUZ 30/9/2009 AFR 30/9/2009
NEWBUILDING $108.0 $102.0 $71.2 $69.0 $58.0 $49.0PAN 30/9/2009 PROD 30/9/2009
$45.5 $45.2 $36.5 $35.0Average Dry cargo T/C Earnings (worldwide routes):
Oct‐10 Sep‐10 Aug‐10 Jul‐10
$37,705 $35,929 $27,823 $16,750
$19,889 $24,800 $21,788 $16,630
$19,712 $26,103 $25,841 $20,960
$21,908 $24,781 $22,960 $19,600
$20,874 $22,325 $22,919 $19,964
$20,767 $19,995 $22,021 $17,241
$14,250 $16,833 $15,800 $16,000
$14,411 $16,063 $15,682 $13,641
Scrap Prices for OCTOBER 2010
CHINA HIGH $430 AVERAGE $394 OCTOBER 2010 AVERAGE $403 INDIA HIGH $503 AVERAGE $419 SEPTEMBER 2010 AVERAGE $458
BANGLADESH HIGH $0 AVERAGE $0 AUGUST 2010 AVERAGE $399 PAKISTAN HIGH $455 AVERAGE $398 JULY 2010 AVERAGE $393 TURKEY HIGH $305 AVERAGE $301 JUNE 2010 AVERAGE $373 345.07
BALTIC INDICES 29‐Oct‐10 30‐Sep‐10 31‐Aug‐10 31‐Jul‐10
2678 9.48% 2446 2713 19674262 26.47% 3370 3516 19222410 ‐2.11% 2462 2950 26321750 ‐5.25% 1847 2066 1760897 ‐13.67% 1039 1077 1010627 0.48% 624 679 796758 10.50% 686 715 796
COMMENTS:
We will mention here that the overcapacity issue in the tanker market which has been on the depressed side is seemingly acceptable, and can be tackled with. However we have:
VLCC 118 ships of 37 mil tons on order, Suezmax 132 ship 21 mil tons, Aframax 128 ships 14mil tons, Panamax LR's 61 5 mil tons, and 432 Products and MR's of 15mil tons carrying
capacity are scheduled until 2014. ULCC current fleet consists of 41 ships of 14.2mil tons, VLCC's 587 ships of 175 mil tons, Suezmax 477 ships of 73mil tons, Aframax 931 ships of 98
mil tons, and the LR's 418 ships of 30mil tons. Situation is still under controll but we never know how the orderbook might end up when softer NB prices will attract more orders
from new and existing owners. It only takes one strong name to create the trend and fashion and many to follow... like "lemmings" well... not sure there are lemmings that act as
shipowners so we may rephrase it to "follow the leader"!!!
Baltic Panamax Index
OCTOBER 2010
GENERAL SCRAP PRICE AVERAGE
Highest Scrap Price paid this month:
Baltic Clean Tanker Index
Capes >131,000 dwt:
Baltic Dry Index
% change since LAST MONTH
S&P MONTHLY REPORT
Baltic Dirty Tanker Index
Wet cargo Ships sold this month:
Ships scrapped this month:
Baltic Supramax Index
October proved to be a hot month for Sale and Purchase and many deals went through. In the Dry sector definitely the talk of the town was investing in Container ships as these
ships are still considered to be valued at decent levels and pose the opportunity for an asset play. As we expect the world economies to improve in 2011, and there will be a shift in
the overall consumer spending pattern back to better levels, more end products, more consumer goods that are mainly transported with container ships will generate extra demand
for more transportation and the container market is expected to grow too. Many new players are emerging and entering into this sector, and alarmingly new orders for more
newbuildings are being inked. Jus to to give you a picture we have 557 NB's waiting to be constructed until 2014, and only in 2010 we have seen 104 new orders, 65 of which were
placed Sep, Oct 2010... and this is alarming. In 2009 we had 33 ships inked, and we had not seen 43 orders in a given month for Container ships since Sep 2008.
Handies 39,000 – 30,000 dwt:
Small Bulkers 29,000 – 12,000 dwt:
Post Panamax 130,000 – 87,000 dwt:
Panamax 79,000 – 60,000 dwt:
Supramax 59,000 – 50,000 dwt:
Handymax 49,000 – 40,000 dwt:
Kamsarmax 86,000 – 80,000 dwt:
Executive Summary
Dry cargo Ships sold this month:
Total number of Ships sold this month:
Baltic Handymax Index
VLOC's a headache coming to hit our buggled minds….?? YES!! 35 400,000 VVLOC's (Very ‐Very Large!!!) iorn/ore carriers are scheduled to be delivered until 2012, of 14 mil tons dwt
carrying capacity are waiting round the corner to strike the market. 14 are scheduled for delivery in 2011 and 21 in 2012. Vale SA has ordered 27 of these and 4 are for Oman
Shipping and 4 for BW Fleet Managers. The total active fleet of VLOC's (any ship exceeding 200,000 dwt) are 83 ships of 24 mil tons and there are a total of 85 ships on order of 28mil
tons that will seriously alter the market when they are actually delivered. What will happen to the Capes? Will the demand for Capes drop to ZERO... will their rates collapse? These
answers will only be answered the hard way...
Baltic Cape Index
N. COTZIAS SHIPPING CO. LTD.7-9 AKTI MIAOULI - 185 35 PIRAEUS TEL:+30 210 4222660/5 FAX:+30 210 4222678/9
PAGE 1 of [email protected], [email protected]
www.cotzias.gr – visit our constantly updated website OCTOBER 2010
2010
NAME TYPE YEAR BUILT DWT GEAR PRICEBUYERS
NAME
BUYERS
NATIONNOTES IMO
ATA BC 1985 HITACHI ZOSEN 194,226 $12.50m CHINESE BUYERS CHINA
SELLERS ARE SELKAR
GEMICILIK AS, TURKEY.
OTHER REPS SAY BUYERS
ARE INDUSTRIAL
CARRIERS UKRAINE @
12.2m
8406377
CALADIUM BC 2006 NAMURA IMARI 176,924 $55.00mFUJIAN WANGHAI
(GUANHAI)
SHIPPING
CHINA
SELLERS ARE KOREA LINE
CORP, KOREA. OTHER
REPS SAY $58 AND $59m9335240
SAG BULK GERMANY BC 2010 JINHAI HEAVY IND 175,918 $84.90m SALAMON AG GERMANY
INCL A T/C ATTACHED TO
GOLDEN OCEAN AT
$34300/DAY FOR 3
YEARS. OTHER REPS SAY
FOR 5 YEARS
9497359
CAPE OCEAN BC 1994MITSUBISHI
NAGASAKI 170,631 $25.00m GREEK BUYERS GREECE
SELLERS ARE FUYO
KAIUN CO LTD, JAPAN.
INCL A T/C ATTACHED
FOR 4 YEARS TO RIO
TINTO AT UNDISCLOSED
PRICE LEVELS
9081033
KWK GENESIS BC 1996 HALLA ENG & HI 168,431 $28.00m GREEK BUYERS GREECE
SELLERS ARE TAI CHONG
CHEANG STEAMSHIP CO
SINGAPORE. OTHERS
REPORT HER SOLD
REGION $26‐27m
9116395
PEACE VOYAGE BC 2010JIANGSU NEW
YANGZIJIANG93,000 $42.00m MERCATOR INDIA
TO BE DELIVERED FROM
YARD NOV 2010 ‐
SELLERS ARE ANGLO‐
EASTERN SHIP
MANAGEMENT CHINA
9574420
KAMSAR GOLD BC 2006 TSUNEISHI CORP 82,981 $41.50m OCEAN MARITIME GREECE
SELLERS ARE ROSY STAR
OCEAN VESSEL
MANAGEMENT
PHILIPPINES
9310630
TSUNEISHI ZHOUSHAN
SS‐100BC 2012 TSUNEISHI ZOSEN 82,191 $41.00m
VITA
MANAGEMENTGREECE SELLERS ARE JAPANESE 9583160
RUBY STREAM BC 2005 SASEBO SASEBO 76,728 $39.00m ODYSEA CARRIERS GREECESELLERS ARE FUKUJIN
KISEN KK9304265
MEDI ROTTERDAM BC 2002 SANOYAS HISHINO 75,735 $32.50m SINOCHEM CHINA
SELLERS ARE ALFA SHIP
MANAGERS SINGAPORE.
DELIVERY JULY 2011.
OTHER REPS SAY $32m
9254719
FORTUNE COSMOS BC 2010 SASEBO SASEBO 74,997 $46.00m 9542477
FORTUNE DAISY BC 2011 JAPAN 74,497 $46.00m 9542491
GREAT CENTURY BC 2000 SUMITOMO H I 73,747 $32.00m CHINESE BUYERS CHINA
SELLERS ARE SINOTRANS
SHIP MANAGEMENT
CHINA. OTHER REPS SAY
$31.5m
9206205
KONMAX BC 2000IMABARI
MARUGAME72,270 $31.50m CHINESE BUYERS CHINA
SELLERS ARE
KONLINKSHIPPING PTE
SINGAPORE
9223485
PELAGIA BC 1995 HITACHI ZOSEN 71,741 $24.50mCLIENTS OF FIVE
STAR INDIAINDIA
SELLERS ARE NOMIKOS
E. CORP GREECE9104108
VANESSA
OLDENDORFFBC 1994 IMABARI 69,087 $20.75m MERCATOR INDIA
SELLERS ARE
OLDENDORFF CARRIERS
GMBH, GERMANY.
INCLUDING A BB @
12000/DAY FOR 3+1
YEARS ‐ REPORTED ALSO
SOLD FOR $20.5MIL
9087738
AUGUSTA BC 1996IMABARI
MARUGAME69,053 $22.00m CHINESE BUYERS CHINA
SELLERS ARE CARDIFF
MARINE INC, GREECE.
OTHER REPS SAY $25m
9134189
CMA CGM DOLPHIN CONT 2007 HYUNDAI SAMHO 65,890 5041 TEU $52.50m 9318125
CMA CGM ORCA CONT 2006 HYUNDAI SAMHO 65,890 5041 TEU $52.50m 9318113
SWIFT FORCE BC 1982MITSUBISHI
NAGASAKI 65,862 $6.30m
UNDISCLOSED
BUYERS‐
SELLERS ARE GRACE LINE
USA8025135
NATALIE BC 1981 MITSUBISHI KOBE 64,911 $6.25mCOMPASS
SHIPPINGCHINA
SELLERS ARE PARADISE
NAVIGATION S.A.
GREECE
7918268
SOLD ENBLOC CMA CGM
DOLPHIN AND CMA CGM
ORCA TO TECHNOMAR
GREECE FOR $52.5m
EACH UNIT. SELLERS ARE
CMA CGM (THE FRENCH
LINE) FRANCE
OCTOBERDRY CARGO SHIPS SOLD DURING THIS MONTH
GREAT HARVEST
MAETACHINA
SOLD ENBLOC FORTUNE
COSMOS (SASEBO 793)
AND FORTUNE DAISY TO
CHINESE BUYERS FOR
EXCESS $90m FOR BOTH
UNITS. SELLERS ARE
CIDO SHIPPING (HK) LTD,
CHINA ‐ POSSIBLY
FORTUNE DAISY HAS
NOT BEEN SOLD IN THE
ENBLOC DEAL THAT MAY
HAVE FAILED
TECHNOMAR
SHIPPINGGREECE
N. COTZIAS SHIPPING CO. LTD.7-9 AKTI MIAOULI - 185 35 PIRAEUS TEL:+30 210 4222660/5 FAX:+30 210 4222678/9
PAGE 2 of [email protected], [email protected]
www.cotzias.gr – visit our constantly updated website OCTOBER 2010
EAST SUNRISE 28 BC 1984 HITACHI ZOSEN 61,749 $9.30m GREEK BUYERS GREECE
SELLERS ARE EAST
SUNRISE SHIP
MANAGEMENT CHINA ‐
OTHER REP SAYS $9.8MIL
8221442
SWAN CONT 1995 KOYO MIHARA 61,489 4708 TEU $29.00mTECHNOMAR
SHIPPINGGREECE
SELLERS ARE SEA
TRADERS S.A. GREECE
(GEORGE ECONOMOU)
SHIPS WAS ACQUIRED IN
JUNE 2009 FOR ONLY
$9.65MIL
9122605
TSUNEISHI ZHOUSHAN
RESALEBC 2010
TSUNEISHI
ZHOUSHAN58,470 4X30T $37.00m
UNDISCLOSED
BUYERS‐
THOMAS SELMER BC 2011 TAIZHOU SANFU 57,000 4X30T $32.50mUNDISCLOSED
BUYERS‐
SELLERS ARE OSKAR
WEHR KG, GERMANY. 9434747
DELFA BC 2005YANGZHOU
DAYANNG53,594 4X35T $29.00m GREEK BUYERS GREECE
SELLERS ARE MEDWAY
SHIPPING GREECE ‐
REPORTED SOLD IN NOV
2007 FOR $70MIL
9330094
MATUMBA BC 2005YANGZHOU
DAYANNG53,591 4X35T $29.00m
CLIENTS OF
MEDWAYGREECE
SELLERS ARE AL JABER
SHIPPING AGENCY UAE9330082
KING HALO BC 2005 IMABARI IMABARI 53,350 4X30.5T $31.80m ARCADIA INDIA
SELLERS ARE MISUGA
KAIUN CO LTD, JAPAN.
OTHER REPS SAY $32.8m,
OTHER $31.45MIL
9339765
DESERT HAWK BC 1999 MITSUI TAMANO 50,327P&C TERMS
UNDISCLOSED
BUYERS
SELLERS ARE SYNERGY
MARITIME PVT LTD,
INDIA
9181039
C.S.FORTUNE BC 2002 MINAMI NIPPON 47,305 4X30T $28.50m GREEK BUYERS GREECE
SELLERS ARE CHUGOKU
SOUGYO CO LTD, JAPAN.
SOLD REGION $28‐29m9258337
SOVI R BC 1998 TSUNEISHI 45,621 $25.30m GREEK BUYERS GREECE
SELLERS ARE J.G.
ROUSSOS SHIPPING
GREECE
9163491
HAONING GLORY BC 1994 KANASASHI ‐ TOYO 45,208 4X25T $21.70mUNDISCLOSED
BUYERS
SELLERS ARE COSCO
WALLEM SHIP
MANAGEMENT, CHINA.
TENDER SALE
9086966
PHUC HAI SUN BC 1983 MITSUI TAMANO 44,960 4X25T $5.80mUNDISCLOSED
BUYERS
SELLERS ARE PHUC HAI
CO LTD, VIETNAM. AS IS
WEST AFRICA
8025161
SUNNY SUCCESS BC 1991OSHIMA
SHIPBUILDING42,203 4X25T $16.50m GREEK BUYERS GREECE
SELLERS ARE MITSUI
KINKAI KISEN CO LTD,
JAPAN
8915732
ASSIMINA BC 1984 OSHIMA ZOSEN 41,096 4X25T $9.00mINDONESIAN
BUYERSINDONESIA
SELLERS ARE PRIMAL
SHIPMANAGEMENT
GREECE
8307765
ALBATROSS BC 1981 MITSUI TAMANO 40,507 5X25T $5.25mUNDISCLOSED
BUYERS‐
SELLERS ARE KRISTEN
MARINE SA GREECE8005111
GOLDMAR BC 1984IMABARI
MARUGAME39,697 4X25T $7.25m
UNDISCLOSED
BUYERS‐
SELLERS ARE MARYVILLE
MARITIME, GREECE.
DELIVERY EARLY 2011.
OTHER REPS SAY $7.75m.
TWO YEARS AGO, IN OCT
2008 SHE HAD BEEN
REPORTED SOLD AT
$15.9m
8402955
IONIAN WIND BC 1984OSHIMA
SHIPBUILDING38,902 4X25T, 650 TEU $8.70m
UNDISCLOSED
BUYERS‐
SELLERS ARE ATLANTIC
BULK CARRIERS GREECE. 8130758
GENERAL GROT‐
ROWECKIBC 1985 GEORGI DIMITROV 38,498 $3.60m
DUBAI BASED
BUYERSUAE
SELLERSW ARE POLSKA
ZEGLUGA MORSKA
POLAND
8417754
PAMAKARISTOS BC 1986 IHI ‐ AIOI 38,393 4X25T $10.50mUNDISCLOSED
BUYERS‐
SELLERS ARE ANBROS
MARITIME S.A. GREECE.
SOLD WITH T/C 4‐6
MONTH AT $15500/DAY.
OTHER REPS SAY $12.6m
8323214
LUCKY B BC 1983IMABARI
MARUGAME37,994 4X25T $6.78m CHINESE BUYERS CHINA
SELLERS ARE BARU KAHA
INC GREECE8223347
POLYHRONIS BC 1980 BALTIYSKIY 37,648 5X20T $5.80mUNDISCLOSED
BUYERS‐
SELLERS ARE DALEX
SHIPPING GREECE8026828
NIRMAL SANGEETHA BC 1982 HUDONG SHIPYARD 37,599 5X25T $4.70mDIA YUAN
INTERNATIONAL
SHIPPING
CHINA
SELLERS ARE
WILHELMSEN SHIP
MANAGEMENT
GREMANY
8105272
CMA CGM TELOPEA CONT 2007 POLAND 37,1251x50T, 2X45T, 2785
TEU$37.50m EUROMAR GREECE
SALE INCLUDES A T/C
UNTIL MARCH/APRIL
2011 ‐ ACQUIRED BY
ZEPPENFELD IN OCT
2009 FOR EITHER
$24.5MIL OR $25.4MIL ‐
(EUROMAR IS ARISTIDES
PITTAS LEAD JV)
9301988
ARISTON BC 1984 KOYO MIHARA 37,052 4X25T $7.50m GREEK BUYERS GREECE
SELLERS ARE PYRSOS
SHIPPING CO LTD,
GREECE.
8300509
SUPER STAR BC 2009 SHINAN HEAVY 34,250 4X30T $32.50mKOREAN
INVESTMENT FUNDKOREA
SELLERS ARE STELLAR
SHIPPING LLC UAE9516698
RUBY STAR BC 2010 SHIN AN 34,000 4X30T $33.00m KOREAN BUYERS KOREA 9516703
ORBIT BC 1981 MINAMI NIPPON 32,961 5X25T $4.50mBANGLADESH
BUYERSBANGLADESH
SELLERS ARE ROYCE
INTERNATIONAL
TRADING UAE
7932599
NEW SAILING STAR BC 2010ZHEJIANG
ZHENXING32,000 4X25T $24.60m EUROPEAN BUYERS EUROPE 346777
N. COTZIAS SHIPPING CO. LTD.7-9 AKTI MIAOULI - 185 35 PIRAEUS TEL:+30 210 4222660/5 FAX:+30 210 4222678/9
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www.cotzias.gr – visit our constantly updated website OCTOBER 2010
CIELO DI VAIANO BC 1998 SAIKI JUKOGYO 31,962 4X30T $20.75mUNDISCLOSED
BUYERS‐
SELLERS ARE D'AMICO
ITALY ‐ OTHER REP
$21MIL
9167863
PANTANASSA BC 1983HAKODATE
MUROKAME31,774 4X25T $5.80m CHINESE BUYERS CHINA
SELLERS ARE
VAMVASHIP MARITIME
GREECE
8216758
BASIC RELIANCE BC 2002 SHIKOKU SHIPYARD 29,887 4X30T $23.00mUNDISCLOSED
BUYERS‐
VESSEL WAS REPORTED
SOLD TO PRESENT
OWNERS IN DEC 2009
FOR $19.7m. SELLERS
ARE DOUN KISEN KK
JAPAN. SOLD BASIS
DELIVERY CHARTER FREE
IN APRIL 2011. OTHER
REPS SAY $22.5m
9254745
FRIENDSHIP BC 1984IMABARI
MARUGAME29,135 4X25T $6.25m GREEK BUYERS GREECE
SELLERS ARE EOLOS
SHIPMANAGEMENT
GREECE
8323123
PLATYTERA BC 1987 OSHIMA ZOSEN 28,358 4X25T $9.50m TURKISH BUYERS TURKEY
SELLERS ARE ANBROS
MARITIME S.A., GREECE.
SS/DD DUE APRIL 2009.
OTHER REPS SAY $9.4m
8508723
AVALON MPP 1995NAIKAI ZOSEN ‐
SETODA27,917 4X30T $14.50m
UNDISCLOSED
BUYERS
SELLERS ARE NITTA
KISEN KAISHA LTD,
JAPAN. SHE HAD BEEN
REPORTED SOLD IN JULY
2010 AT $15m TO GREEK
BUYERS.
9116319
CLIPPER MERMAID BC 2001 JINGJIANG NANYA 27,105 4X30T $19.00mUNDISCLOSED
BUYERS
SELLERS ARE
DOCKENDALE SHIPPING
BAHAMAS
9223825
THOR CONFIDENCE BC 1983HDW‐GAARDEN
GMBH 25,150 5X25T $4.00m EMIRATES BUYERS UAE
SELLERS ARE THORESEN
& CO (BANGKOK)
THAILAND
8208036
SEVEN SEAS BC 1996 HAKODATE DOCK 24,290 4X30.5T $14.00mUNDISCLOSED
BUYERS‐
SELLERS ARE TOYO
KAIUN KK JAPAN9114490
SUPERTRAMP BC 1996 IMABARI IMABARI 24,228 3X30T $15.00mUNDISCLOSED
BUYERS‐
SELLERS ARE KORKYRA
SHIPPING LTD, CROATIA9136565
ABEER S BC 1984 MINAMI NIPPON 23,907 3X25T $5.50m TURKISH BUYERS TURKEYSELLERS ARE SAMIN
SHIPPING SYRIA8309139
WILLIAM BC 1995NAIKAI ZOSEN
CORP23,829 4X30T $14.30m LEBANESE BUYERS LEBANON
SELLERS ARE AUGUST
BOLTEN GERMANY.
OTHER REPS SAY $14m.
VESSEL WAS REPORTED
SOLD IN AUG 10 TO
TURKISH BUYERS FOR
$14m
9117375
HANSA MARBURG CONT 2007GUANGZHOU
WENCHON23,419 2X40T, 1740 TEU $25.00m
OCEAN PARTNERS
SHIPPINGGERMANY
SELLERS ARE
LEONHARDT &
BLUMBERG GERMANY
9334818
KASTOR P BC 1983MITSUBISHI
SHIMONOSHEKI22,713 3X25T $4.00m
UNDISCLOSED
BUYERS‐
SOLD AT HIGH $4m TO
UNDISCLOSED BUYERS.
OTHER REPS SAY $5m.
SELLERS ARE COMMON
PROGRESS GREECE
8122610
ZENOBIA BC 1984 WATANABE ZOSEN 21,339 3X25T, D1X25T $5.00mEASTERN
MEDITERRANEAN
BUYERS
EAST MEDSELLERS ARE SAMIN
SHIPPING SYRIA8214906
MAERSK TANGIER CONT 1990TSUNEISHI
SHIPBUILDING21,238
1X40T, 1316 TEU
14249 BHP$6.00m 8905543
MAERSK TRAPANI CONT 1990TSUNEISHI
SHIPBUILDING21,238
1X40T, 1316 TEU
14249 BHP$6.00m 8820224
MAERSK TARRAGONA CONT 1990TSUNEISHI
SHIPBUILDING21,229
1X40T, 1316 TEU
14249 BHP$6.00m 8820212
MAERSK TORINO CONT 1990TSUNEISHI
SHIPBUILDING21,229
1X40T, 1316 TEU
14249 BHP$6.00m 8820200
PRINSENBORG MPP 2003 MAWEI 16,740 3X35T $15.50m GREEK BUYERS GREECE
SELLERS ARE
WAGENBORG SHIPPING
BV NETHERLANDS9213090
CAPE HOBART MPP 1993KVAERNER
WARNOW17,546
2X80T, 1X40T, 894
TEU 8918124
CAPE HASTINGS MPP 1994KVAERNER
WARNOW17,493
2X80T, 1X40T, 894
TEU 9015694
CAPE HOWE MPP 1992NEPTUN
SCHIFFSWERFT 17,493 3X40T, 902 TEU 8918071
CAPE HUDSON MPP 1992NEPTUN
SCHIFFSWERFT 17,493 3X40T, 902 TEU 8918083
SINAR BANGKA CONT 2000 HAKATA ZOSEN 15,236 1060 TEU P&C DEAL ISEACO PTE LTD SINGAPORESELLERS ARE MEIHO
KAIUN KK, JAPAN9220304
SINAR BONTANG CONT 2002 HAKATA HAKATA 14,940 3X40T, 1050 TEU $14.00m ULTRAPETROL BAHAMASSELLERS ARE MEIHO
KAIUN KK, JAPAN9262871
CAPELLA CONT 2007 JIANGSU JINLING 13,7601098 TEU, ICE
CLASS II, STR HVY
CGO$17.10m GERMAN BUYERS GERMANY
SELLERS ARE. VESSEL
WAS REPORTED SOLD IN
APRIL 2010 AT $15.5m
TO GERMAN BUYERS
9374129
STADT CELLE CONT 2005 JIANGSU JINLING 13,710 802 TEU $15.00m LOMAR CORP GREECE
SELLERS ARE THIEN &
HEYENGA
BEREEDERUNGS GMBH,
GERMANY
9316098
PARK RIVER MPP 1986 MIHO SHIMIZU 9,656 2X50T, 474 TEU $4.85m 8520214
PADUS RIVER MPP 1986 MIHO SHIMIZU 9,643 2X50T, 487 TEU $4.85m 8517841
SUNNY HEART MPP 2000IWAGI ZOSEN CO
LTD 9,360
1X60T, 2X30.5T,
D1X30T$9.00m
TAIWANESE
BUYERSTAIWAN
SELLERS ARE BLUE
MARINE MANAGEMENT
PHILIPPINES9237254
UNDISCLOSED
BUYERS‐
SOLD ENBLOC TO
UNDISCLOSED BUYERS
FOR $4.85m EACH UNIT.
SELLERS ARE ITALIAN
SHIPPING CO (ISC) ITALY
$40.00mPACIFIC
INTERNATIONAL
LINES
SINGAPORE
SOLD ENBLOC CAPE
HOBART, CAPE
HASTINGS, CAPE HOWE
AND CAPE HUDSON TO
SINGAPOREAN BUYERS
FOR $40m FOR ALL 4
UNITS. SELLERS ARE
COLUMBIA
TECHNOMAR
SHIPPINGGREECE
SOLD ENBLOC TO
TECHNOMAR GREECE
FOR $6m EACH UNIT.
SELLERS ARE BIBBY SHIP
MANAGEMENT , UK
N. COTZIAS SHIPPING CO. LTD.7-9 AKTI MIAOULI - 185 35 PIRAEUS TEL:+30 210 4222660/5 FAX:+30 210 4222678/9
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www.cotzias.gr – visit our constantly updated website OCTOBER 2010
GREEN SPRING REEFER 1989 SHIN KURUSHIMA 6,522 D8X5T $3.20m ESTONIAN BUYERS ESTONIASELLERS ARE NORBULK
SHIPPING UK8800236
GREEN SUMMER REEFER 1988 SHIN KURUSHIMA 6,489 D8X5T $3.20mSHANGDONG
ZHONGLUCHINA
SELLERS ARE NORBULK
SHIPPING UK8800224
WEST EXPRESS RORO 1978 NYLANDS 4,250 1272LM $1.40m TURKISH BUYERS TURKEY
SELLERS ARE EXPRESS
SHIPPING AS, DENMARK.
SOLD FOR CONVERSION7724253
MARIA MPP 1992 SEDEF GEMI END. 4,168 2X25T, 221 TEU $2.10m GREEK BUYERS GREECE
SELLERS ARE SEA PATH
MARITIME CORP,
GREECE8901016
MONTE CINTO RORO 1984 ACH 3,956 $2.80m BAHA FERRIES BAHAMAS
SELLERS ARE SOCIETE
NACIONALE MARITIME
CORSE MEDITERRANEE
(SNCM) FRANCE
8120686
STX VUNG TAU OTHER 2011 VIETNAM 3,172 $65.00mVIETNAMESE
BUYERSVIETNAM AHTS
STELLA MOON MPP 2009ANANDA SHIPYARD
& SLIP 2,950 1X14.5T, 112 TEU $2.40m TURKISH BUYERS TURKEY
SELLERS ARE HANSEATIC
SCHIFFAHRTS GMBH,
GERMANY. SOLD AT
AUCTION
9390393
TRICO STAR OTHER 2010 TEBMA SHIPYARD 2,900 6312 BHP 9413195
TRICO SABRE OTHER 2009 TEBMA SHIPYARD 2,900 6312 BHP 9413183
TRICO MYSTIC OTHER 2008BENDER
SHIPBUILDING2,348 6199 BHP 9410856
TRICO MOON OTHER 2008BENDER
SHIPBUILDING2,346 5903 BHP 9410868
Note1: With Red color are indicated all Greek interest Buyers or Sellers
COUNTRY BUILT BC
JAPAN 290
CHINA 122
KOREA 64
BRAZIL 8
DENMARK 5
POLAND 4
SPAIN 3
ITALY 3
NORWAY 3
GERMANY 3
UK 2
UKRAINE 2
YUGOSLAVIA 2
BULGARIA 2
RUSSIA 2
ROMANIA 1
PHILIPPINES 1
SINGAPORE 1
CROATIA 1
INDIA 1
Grand Total 462
COUNTRY BUILT CONT
GERMANY 41
JAPAN 27
KOREA 27
CHINA 25
POLAND 12
PHILIPPINES 4
DENMARK 3
ROMANIA 3
TURKEY 3
NETHERLANDS 2
CROATIA 1
ARGENTINA 1
Grand Total 134
USA
SOLD ENBLOC FOR ABT
$76m FOR ALL 4 UNITS.
SURVEY ROV SUPPORT
VESSEL TYPE VS470. THE
TWO OSVs WERE SOLD
FOR AN ENBLOC PRICE
OF $50m. SELLERS ARE
TRICO MARINE
OPERATORS INC, USA
$76.00 US BASED BUYERS
BC - SOLD IN 2010 (BY COUNTRY OF BUILD)290
122
64
8 5 4 3 3 30
50
100
150
200
250
300
350
JAPAN CHINA KOREA BRAZIL DENMARK POLAND SPAIN ITALY NORWAY
BC
CONTAINER SHIPS - SOLD IN 2010 (BY COUNTRY OF BUILD)41
27 2725
12
4 3 3 3
0
5
10
15
20
25
30
35
40
45
GERMANY JAPAN KOREA CHINA POLAND PHILIPPINES DENMARK ROMANIA TURKEY
BC
N. COTZIAS SHIPPING CO. LTD.7-9 AKTI MIAOULI - 185 35 PIRAEUS TEL:+30 210 4222660/5 FAX:+30 210 4222678/9
PAGE 5 of [email protected], [email protected]
www.cotzias.gr – visit our constantly updated website OCTOBER 2010
DRY CARGO 2ND HAND MARKET STATISTICS
country units %
2010 UNITS OUTLAY$ DWT GREECE 145 17.47%
JANUARY 84 $1,297.44m 3,952,288 GERMANY 99 11.93%
FEBRUARY 82 $1,383.07m 3,896,685 CHINA 87 10.48%
MARCH 161 $3,532.12m 7,367,241 JAPAN 84 10.12%
APRIL 71 $1,087.61m 3,404,042 FRANCE 40 4.82%
MAY 72 $1,104.90m 3,048,860 SINGAPORE 37 4.46%
JUNE 79 $1,957.37m 4,042,023 USA 27 3.25%
JULY 56 $1,248.85m 2,270,439 KOREA 25 3.01%
AUGUST 61 $995.55m 2,096,807 ITALY 24 2.89%
SEPTEMBER 73 $1,181.40m 2,981,538 TURKEY 24 2.89%
OCTOBER 91 $1,724.28m 3,992,317 DENMARK 22 2.65%
NOVEMBER 0 $0.00m 0 UK 22 2.65%
DECEMBER 0 $0.00m 0 NORWAY 21 2.53%
TOTAL 830 $15,512.59m 37,052,240 THAILAND 14 1.69%
VIETNAM 11 1.33%
CYPRUS 11 1.33%
COUNTRY UNITS % OUTLAY ($) % DWT % RUSSIA 9 1.08%
GREECE 211 25.42% $5,205 33.56% 11,153,094 30.10% PHILIPPINES 9 1.08%
CHINA 160 19.28% $2,440 15.73% 10,740,917 28.99% ALL OTHER 100 12.05%
TURKEY 37 4.46% $246 1.59% 641,577 1.73% UNDISCL 19 2.29%
USA 33 3.98% $1,513 9.75% 693,522 1.87% TOTAL 830 100.00%
GERMANY 31 3.73% $505 3.26% 1,171,638 3.16%
NORWAY 28 3.37% $753 4.86% 1,203,540 3.25%
INDIA 20 2.41% $484 3.12% 1,187,823 3.21%
KOREA 16 1.93% $316 2.04% 633,181 1.71%
INDONESIA 16 1.93% $166 1.07% 487,429 1.32%
SINGAPORE 14 1.69% $247 1.59% 718,392 1.94%
VIETNAM 14 1.69% $212 1.37% 308,956 0.83%
RUSSIA 13 1.57% $164 1.06% 308,722 0.83%
SYRIA 12 1.45% $38 0.25% 226,214 0.61%
ISRAEL 9 1.08% $123 0.79% 425,533 1.15%
UNDISCL 109 13.13% $1,497 9.65% 3,888,938 10.50%
ALLOTHER 107 12.89% $1,726 11.12% 3,688,297 9.95%
TOTAL 830 100.00% $15,513 100.00% 37,052,240 100.00%
2010 BC SD CONT MPP TWEEN REEFER PASS RORO OTHER TOTAL
JANUARY 59 0 15 3 0 0 0 5 2 84
FEBRUARY 59 0 3 9 0 0 0 4 7 82
MARCH 89 0 35 14 0 0 0 4 19 161
APRIL 47 0 12 6 1 0 0 5 0 71
MAY 43 0 19 8 0 0 0 1 1 72
JUNE 60 0 15 3 0 0 0 1 0 79
JULY 28 0 14 6 0 0 0 4 4 56
AUGUST 35 0 7 5 0 0 0 3 11 61
SEPTEMBER 42 0 16 8 0 0 0 3 4 73
OCTOBER 58 0 13 11 0 0 0 2 7 91
NOVEMBER 0 0 0 0 0 0 0 0 0 0
DECEMBER 0 0 0 0 0 0 0 0 0 0
TOTAL 520 0 149 73 1 0 0 32 55 830
SELLERS ‐ Greek sellers are still increasing their lead in the sale
stats table. Greeks are 1st with 145 units (124 last) while
German sellers are 2nd with 99 units (90 last), Chinese sellers
3rd with 87 units (81 last) and Japanese sellers 4th with 83 units
(72 last). French sellers mainly due to Bourbon's selling spree of
3 month's ago, are in 5th place with 40 units (37 last).
During this month there was a continuation of the increased
momentum in the Sale and Purchase market with Greeks once
more making some good investment moves acquiring 22 more
units. Out of these 11 were BC's and 9 container ships with
mainly Technomar being the leading Greek shipping company
that made 7 out of these container acquisitions and Euromar
and Lomar the other 2 Container buyers. It seems that once
more greater focus is put on possible asset play that the
Container ship prices may provide.
SELLERS STATS 2010
MONTHLY UNIT SALE ACTIVITY
2010 DRY CARGO STATISTICS ‐ BUYERS
A hot month that generated a great deal of momentum in the
Sale and Purchase market. 91 deals were performed and that
number is the 2nd best in terms of ships sold for 2010. Once
again the interest was mixed between BC's and Container ships
with some interesting enbloc deals. 28 Handies, 7 Handymaxes,
6 Supramax ships and 21 Panamaxes sold this month. Interest
has been shifted to the smaller sized vessels that have a lesser
alarming orderbook and also a much more versatile market less
dependent on China's appetites.
DRY CARGO UNITS SOLD ‐ BREAKDOWN PER MONTH 2010
BUYERS ‐ During Oct we saw the S&P market heating up
particularly during week43, with Greek buyers being the most
active and they increased further the lead over their Chinese
counterparts!!! As of today Greeks have acquired 22 more units
this month and have a total of 209 units (187 last) and are
topping the table. In Oct 2010, China acquired only 14 more
units and have purchased 160 units in total (146 last) and are left
2nd for more than 5 months now. Turkish buyers are 3rd with 37
units (33 last) with USA based buyers 4th with 33 bought (29
last). In 5th place are German buyers having acquired 31 units
(28 last) while Norwegian buyers 6th with 28 units. Indian
buyers have added 1.12million tonnes of Carrying capacity with
their 19 purchases.
N. COTZIAS SHIPPING CO. LTD.7-9 AKTI MIAOULI - 185 35 PIRAEUS TEL:+30 210 4222660/5 FAX:+30 210 4222678/9
PAGE 6 of [email protected], [email protected]
www.cotzias.gr – visit our constantly updated website OCTOBER 2010
CHANGE
FROM 29/9/2009
NB CAPESIZE $96.5 $64.3 $65.0 1%NB PANAMAX $54.5 $40.0 $44.0 10%NB HANDYMAX $45.5 $33.4 $35.0 5%NB HANDYSIZE $50.0 $27.0 $29.0 7%
CHANGE
FROM 29/9/2009
5y CAPESIZE $125.0 $50.5 $56.0 11%5y PANAMAX $81.0 $34.0 $39.0 15%5y HANDYMAX $62.0 $28.0 $30.5 9%5y HANDYSIZE $42.0 $22.0 $26.0 18%
CHANGE
FROM 29/9/2009
10y CAPESIZE $98.0 $42.0 $42.7 2%10y PANAMAX $66.0 $27.0 $32.0 19%10y HANDYMAX $56.0 $20.2 $25.0 24%10y HANDYSIZE $34.0 $16.0 $19.0 19%
CHANGE
FROM 29/9/2009
10y CAPESIZE $75.0 $26.0 $25.0 ‐4%10y PANAMAX $45.0 $22.0 $22.0 0%10y HANDYMAX $35.0 $18.0 $19.1 6%10y HANDYSIZE $29.0 $11.0 $15.0 36%
CHANGE
FROM 29/9/2009
20y CAPESIZE $71.0 $19.3 $19.0 ‐2%20y PANAMAX $37.0 $11.1 $17.0 53%20y HANDYMAX $27.0 $9.7 $13.0 34%20y HANDYSIZE $20.0 $8.8 $9.9 13%
29/10/2010
1990 built (20Y) OLD BULKERS PRICE COMPARISON
29/09/2009
2000 built (10Y) OLD BULKERS PRICE COMPARISON
NB BULKERS PRICE COMPARISON
29/10/2010
29/09/2008
2005 built (5Y) OLD BULKERS PRICE COMPARISON
29/09/2009
Tables above compare prices from OCTOBER 2008, OCTOBER 2009, with today
29/09/2009
TYPE 29/09/2008
29/10/2010
In the table on the top we see monthly number of dry cargo ships sold as of OCTOBER 2010,
compared to 2009's monthly activity.
In the table on the top we see the MONTHLY dry cargo capital expenditure for OCTOBER 2010 compared
to 2009's monthly activity.
29/10/2010
TYPE 29/09/2009
29/09/200929/09/2008TYPE
TYPE
29/09/2008
29/10/2010
1995 built (15Y) OLD BULKERS PRICE COMPARISON
TYPE 29/09/2008
Dry cargo units sold 2010 vs 2009
5972
100
75
109 108
71
104 100
80
161
61
93
5256
9184
8271
7279 73
30
50
70
90
110
130
150
170
JANUARY
FEBRUARY
MARCHAPRIL
MAYJUNE
JULY
AUGUST
SEPTEMBER
OCTOBER
NOVEMBER
DECEMBER
units 2009 2010 Dry cargo - Capital expend. 2010 vs 2009
$970
$1,656 $1,724
$681$1,018
$913$739
$1,350$1,123
$710
$1,528
$1,083$1,189
$1,181
$1,105
$3,532
$1,249
$996$1,088
$1,297$1,383 $1,957
$150m
$650m
$1,150m
$1,650m
$2,150m
$2,650m
$3,150m
$3,650m
JANUARY
FEBRUARY
MARCHAPRIL
MAYJUNE
JULY
AUGUST
SEPTEMBER
OCTOBER
NOVEMBER
DECEMBER
2009 2010
DRY CARGO (2000 - 2010) NB VSL PRICES
$16
$31
$46
$61
$76
$91
Apr-00
Oct-0
0
Apr-01
Oct-0
1
Apr-02
Oct-0
2
Apr-03
Oct-0
3
Apr-04
Oct-0
4
Apr-05
Oct-0
5
Apr-06
Oct-0
6
Apr-07
Oct-0
7
Apr-08
Oct-0
8
Apr-09
Oct-0
9
Apr-10
Oct-1
0
CAPE 170K
PANAMAX 70K
HANDYMAX 45K
HANDYSIZE 30K
DRY CARGO (2000 - 2010) 5Y OLD VSL PRICES
$10$25$40$55$70$85
$100$115$130$145$160
Apr-00
Oct-0
0
Apr-01
Oct-0
1
Apr-02
Oct-0
2
Apr-03
Oct-0
3
Apr-04
Oct-0
4
Apr-05
Oct-0
5
Apr-06
Oct-0
6
Apr-07
Oct-0
7
Apr-08
Oct-0
8
Apr-09
Oct-0
9
Apr-10
Oct-1
0
CAPE 170K
PANAMAX 70K
HANDYMAX 45K
HANDYSIZE 30K
DRY CARGO (2000 - 2010) 10Y OLD VSL PRICES
$5$20$35$50$65$80$95
$110$125
Apr-00
Oct-0
0
Apr-01
Oct-0
1
Apr-02
Oct-0
2
Apr-03
Oct-0
3
Apr-04
Oct-0
4
Apr-05
Oct-0
5
Apr-06
Oct-0
6
Apr-07
Oct-0
7
Apr-08
Oct-0
8
Apr-09
Oct-0
9
Apr-10
Oct-1
0
CAPE 170K
PANAMAX 70K
HANDYMAX 45K
HANDYSIZE 30K
DRY CARGO (2000 - 2010) 15Y OLD VSL PRICES
$5$15$25$35$45$55$65$75$85$95
$105
Apr-00
Oct-0
0
Apr-01
Oct-0
1
Apr-02
Oct-0
2
Apr-03
Oct-0
3
Apr-04
Oct-0
4
Apr-05
Oct-0
5
Apr-06
Oct-0
6
Apr-07
Oct-0
7
Apr-08
Oct-0
8
Apr-09
Oct-0
9
Apr-10
Oct-1
0
CAPE 170K
PANAMAX 70K
HANDYMAX 45K
HANDYSIZE 30K
DRY CARGO (2000 - 2010) 20Y OLD VSL PRICES
$0$10$20$30$40$50$60$70$80$90
Apr-00
Oct-0
0
Apr-01
Oct-0
1
Apr-02
Oct-0
2
Apr-03
Oct-0
3
Apr-04
Oct-0
4
Apr-05
Oct-0
5
Apr-06
Oct-0
6
Apr-07
Oct-0
7
Apr-08
Oct-0
8
Apr-09
Oct-0
9
Apr-10
Oct-1
0
CAPE 170K
PANAMAX 70K
HANDYMAX 45K
HANDYSIZE 30K
N. COTZIAS SHIPPING CO. LTD.7-9 AKTI MIAOULI - 185 35 PIRAEUS TEL:+30 210 4222660/5 FAX:+30 210 4222678/9
PAGE 7 of [email protected], [email protected]
www.cotzias.gr – visit our constantly updated website OCTOBER 2010
2010
NAME TYPE YEAR BUILT DWT PRICE PRICE NOTEBUYERS
NAME
BUYERS
NATIONNOTES IMO
ARDENNE VENTURE TANKER 2004 HYUNDAI HI 318,000 $89.00mUNDISCLOSED
BUYERS
SELLERS ARE TANKERS
(UK) AGENCIES LTD, UK9290347
GENMAR VICTORY TANKER 2001 HYUNDAI HI 312,679 9205093
GENMAR VISION TANKER 2001 HYUNDAI HI 312,679 9205081
BW SORO TANKER 1993DAEWOO
SHIPBUILDING302,377 $37.00m
WIRANA SHIPPING
PRIVATE LTDINDIA
SELLERS ARE BW
MARITIME PTE LTD,
SINGAPORE9039638
GEMINI STAR TANKER 1995 ODENSE LINDO 301,862 $22.00mUNDISCLOSED
BUYERS‐
SELLERS ARE VELA
INTERNATIONAL
MARINE LTD, UAE9050577
HAMAL STAR TANKER 1994 HYUNDAI HI 301,550 $20.00m SH POLARIS SHIPPING KOREA
SELLERS ARE SINOKOR
MERCHANT MARINE CO
LTD KOREA. IN DEC 09
SHE HAD BEEN
REPORTED SOLD TO
KOREAN BUYERS FOR
CONVERSION
9060326
HYUNDAI STAR TANKER 1995 HYUNDAI HI 281,199 $20.00m NON DH POLARIS SHIPPING KOREASELLERS ARE HYUNDAI
MERCHANT MARINE
KOREA9083093
PACIFIC SUPERIOR TANKER 1994 KAWASAKI 269,605 $16.50mFAR EASTERN
BUYERSFAR EAST
SELLERS ARE HYUNDAI
MERCHANT MARINE
KOREA9058634
LANIA TANKER 1990MITSUBISHI
NAGASAKI248,050 $14.00m
FAR EASTERN
BUYERSFAR EAST
OTHER REPS SAY SHE
WENT FOR DEMO FOR
$13.8m8808642
PRISCO ALCOR TANKER 2007 HYUNDAI HI 166,000 $67.00mPRISCO ALCOR OR
PRISCO MIZARGREEK BUYERS GREECE
SELLERS ARE PRISCO
(SINGAPORE) PTE LTD,
SINGAPORE9320726
PROMISE TANKER 19913 MAJ
BRODOGRADILISTE111,587 $9.00m
UNDISCLOSED
BUYERS‐
SELLERS ARE
TRANSPETROL
MARITIME SERV. LTD,
BELGIUM
8805688
DREPANOS TANKER 2010 TSUNEISHI 107,500 $60.00m BRIGHT OIL CHINASELLERS ARE POLYAR
TANKERS AS NORWAY9420643
GENMAR ALEXANDRA TANKER 1992 SHIN KURUSHIMA 102,262 $11.50m DHUNDISCLOSED
BUYERS‐
SELLERS ARE GENERAL
MARITIME GREECE9007568
MORNING GLORY III TANKER 1996 ONOMICHI 98,743 $14.00m DYNACOM GREECESELLERS ARE NAKATA
MAC CORP JAPAN9110183
PINK SANDS TANKER 1993 NAMURA 96,120 $11.50m COILED/IGS/COW EUROTANKERS GREECE
SELLERS ARE . VESSEL
HAD BEEN REPORTED
SOLD IN DEC 2007 AT
$47.25m AND IN JULY
2006 AT $42.5m
8920866
FAITHFUL TANKER 1993 TSUNEISHI 93,891 $6.25m TRAFIGURA NETHERLANDS
SELLERS ARE TOP
TANKER MANAGEMENT
INC, GREECE. OTHER REP
SAYS BUYERS ARE
CHINESE
9015333
SKIROPOULA TANKER 1995 ZALIV 68,232 $12.00mDUBAI BASED
BUYERSDUBAI
SELLERS ARE ELETSON
CORPORATION GREECE9053127
SPOTLESS TANKER 1991 HALLA INCHON 47,083 $7.00m GREEK BUYERS GREECE
SELLERS ARE EMPIRE
NAVIGATION INC
GREECE. IN AUG 2008
THESE TWO VESSELS
WERE REPORTED SOLD
AT $24m EACH
8913564
DOUBTLESS TANKER 1991 HALLA INCHON 47,083 $7.00m GREEK BUYERS GREECE
SELLERS ARE EMPIRE
NAVIGATION INC
GREECE. IN AUG 2008
THESE TWO VESSELS
WERE REPORTED SOLD
AT $24m EACH
8913588
DAUNTLESS TANKER 1999 HYUNDAI HI 46,168 $20.00m PETROGULF UAESELLERS ARE TOP
TANKERS MANAGEMENT
INC, GREECE9183594
OCTOBERTANKER SHIPS SOLD DURING THIS MONTH
$72.00m
SOLD ENBLOC TO
POLARIS SHIPPING
FOR CONVERSION
FOR $72m FOR
BOTH UNITS
SKS INDIA
SOLD EN BLOC ON
SUBJECTS FOR $72m FOR
BOTH UNITS. WITH A 5
YEAR BAREBOAT BACK
AT $28000 PER DAY
N. COTZIAS SHIPPING CO. LTD.7-9 AKTI MIAOULI - 185 35 PIRAEUS TEL:+30 210 4222660/5 FAX:+30 210 4222678/9
PAGE 8 of [email protected], [email protected]
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FORMOSA FIFTEEN TANKER 2005 JAPAN 45,663 $27.00m GULF ENERGY UAE
SELLERS ARE FORMOSA
PLASTICS MARINE CORP
TAIWAN. CHEMICAL.
LAST MONTH (SEPT
2010) SHE HAD BEEN
REPORTED SOLD AT
$25.5m TO MIDDLE
EASTERN BUYERS
9272709
KASTELORIZO TANKER 1991 HITACHI ZOSEN 45,425 8909472
SALAMINA TANKER 1991 HITACHI ZOSEN 45,425 8909460
FOLEGANDROS TANKER 1992 HITACHI ZOSEN 45,425 8917467
BATAVIA TANKER 1992IMABARI
MARUGAME41,430 $6.30m
UNDISCLOSED
BUYERS‐
SELLERS ARE TANKER
PACIFIC MANAGEMENT
SINGAPORE9039547
TIKHVIN TANKER 1996BRODOTROGIR
SHIPYARD40,727 9112117
TROITSK TANKER 1996 ULJANIK BRODOG 40,727 9105085
ARISTIDIS TANKER 2006 HYUNDAI 36,680 $32.50mNEW LEAD
HOLDINGSGREECE
SELLERS ARE OMEGA
NAVIGATION USA9327413
GOLDEN LEGEND TANKER 2009KURINOURA
YAWATAHAMA23,432 9511167
GOLDEN IVY TANKER 2008 JAPAN 23,324 9459539
GOLDEN CHARLOTTE TANKER 2006 JAPAN 19,717 9345908
SHINTOKU TANKER 1997 SASEBO SASEBO 18,523 $7.50m DHSINGAPORE
BUYERSSINGAPORE
SELLERS ARE IINO
MARINE SERVICE CO
JAPAN9146039
SAMHO FREEDOM TANKER 2010SAMHO
SHIPBUILDING17,000 P&C TERMS
UNDISCLOSED
BUYERS‐
SELLERS ARE SAMHO
SHIPPING CO LTD, KOREA9498107
VENUS 7 TANKER 1986SHIKOKU
DOCKYARD16,933 $1.36m
CLIENTS OF
FAIRWORLD‐
SELLERS ARE SEKWANG
SHIPPING CO KOREA8512384
GOLDEN GEORGIA TANKER 1996KURINOURA
YAWATAHAMA16,337 $6.00m
FAR EASTERN
BUYERSFAR EAST
SELLERS ARE DORVAL
KAIUN KK JAPAN9124055
GOLDEN ELIZABETH TANKER 1997KURINOURA
YAWATAHAMA16,322 $7.50m EUROPEAN BUYERS EUROPE
SELLERS ARE DORVAL
KAIUN KK JAPAN. IN
APRIL 2009 SHE HAD
BEEN REPORTED SOLD
AT $21m
9170949
SAMHO GLORIA TANKER 2008SAMHO
SHIPBUILDING13,153 $16.00m DH
UNDISCLOSED
BUYERS‐
SELLERS ARE SAMHO
SHIPPING KOREA9332494
TJORE‐OLIVIA TANKER 2008ZHEJIANG
DONGFANG9,250 $7.50m
UNDISCLOSED
BUYERS‐
SELLERS ARE PARSHAM
UAE9408358
GLOBAL HILDA TANKER 1993 HIGAKI 9,141 $4.30m IMO II/IIIUNDISCLOSED
BUYERS‐
SELLERS ARE GLOBAL
MARINE SERVICE CO
LTD, JAPAN9078177
SUNRISE ROSA TANKER 2004 SHIN KURUSHIMA 8,676 $11.00m DH KOREAN BUYERS KOREASELLERS ARE SUNRISE
MARITIME JAPAN9291315
DANIA SPIRIT TANKER 2000 HYUNDAI HI 8,669 P&C TERMS ANTHONY VEDER NETHERLANDSLPG. SELLERS ARE. SOLD
WITH T/C TO STAOIL9208148
MARIANNA KOSAN TANKER 2008SE4KWANG HEAVY
INDUSTRY8,500 P&C TERMS
NANJING TANKERS
CORPCHINA
GAS TANKER. SELLERS
ARE LAURITZEN KOSAN
A/S, DENMARK9349928
AEGEAN FORCE TANKER 1980 HUSUMER 6,679 $1.10mUNDISCLOSED
BUYERS‐
SELLERS ARE AEGEAN
BUNKERING SERVICES,
GREECE8007080
LOEX TANKER 2001 MURAKAMI HIDE 5,650 $16.30m 7223 CBM
DIAMANTIS
PATERAS
MARITIME
GREECE
SELLERS ARE EXECUTIVE
SHIP MANAGEMENT
PTE, SINGAPORE. LPG.
INCLUDING A 2 TO 3
YEAR T/C BACK TO
GEOGAS AT $370,000
PER MONTH
9238131
Note1: With Red color are indicated all Greek interest Buyers or Sellers
SOLD ENBLOC
KASTELORIZO,
SALAMINA,
FOLEGANDROS FOR
$27/28m FOR ALL 3
UNITS. SELLERS ARE
ELETSON CORPORATION
GREECE
$27.50mSOLD ENBLOC FOR
$27/28m FOR ALL 3
UNITS
UNDISCLOSED
BUYERS‐
$90.00m NORWAY
SOLD ENBLOC GOLDNEN
LEGEND, GOLDEN IVY,
GOLDEN CHARLOTTE,
FOR $90m FOR ALL 3
UNITS TO NORWEGIAN
INTERESTS. SELLERS ARE
DORVAL KAIUN KK,
JAPAN
SOLD ENBLOC FOR
$90m FOR ALL 3
UNITS TO
NORWEGIAN
INTERESTS
NORWEGIAN
BUYERS
$12.50m
SOLD ENBLOC TO
CHAMPION
TANKERS
BETWEEN $12/13m
FOR BOTH UNITS
CHAMPION
TANKERSNORWAY
SOLD ENBLOC TIKHVIN,
TROITSK TO CHAMPION
TANKERS BETWEEN
$12/13m FOR BOTH
UNITS. SELLERS ARE JSC
NOVOSHIP, RUSSIA
N. COTZIAS SHIPPING CO. LTD.7-9 AKTI MIAOULI - 185 35 PIRAEUS TEL:+30 210 4222660/5 FAX:+30 210 4222678/9
PAGE 9 of [email protected], [email protected]
www.cotzias.gr – visit our constantly updated website OCTOBER 2010
TANKER 2ND HAND MARKET STATISTICS
COUNTRY UNITS %
2010 UNITS OUTLAY$ DWT GREECE 71 20.17%
JANUARY 57 $1,096.58m 3,446,410 JAPAN 44 12.50%
FEBRUARY 33 $691.20m 2,470,891 SINGAPORE 29 8.24%
MARCH 37 $608.05m 2,798,832 CHINA 23 6.53%
APRIL 37 $1,085.30m 2,768,206 KOREA 20 5.68%
MAY 45 $1,729.10m 5,133,688 TURKEY 18 5.11%
JUNE 17 $578.62m 1,607,662 GERMANY 16 4.55%
JULY 22 $831.15m 3,225,816 UAE 15 4.26%
AUGUST 34 $735.65m 1,972,639 NORWAY 15 4.26%
SEPTEMBER 26 $749.95m 2,203,927 USA 13 3.69%
OCTOBER 44 $790.11m 4,195,478 ITALY 13 3.69%
NOVEMBER 0 $0.00m 0 CYPRUS 10 2.84%
DECEMBER 0 $0.00m 0 UK 10 2.84%
TOTAL 352 $8,895.70m 29,823,549 CANADA 8 2.27%
TAIWAN 5 1.42%
DENMARK 5 1.42%
COUNTRY UNITS OUTLAY ($) % DWT % MALAYSIA 5 1.42%
GREECE 54 $2,752 30.93% 7,780,308 26.09% RUSSIA 3 0.85%
USA 24 $1,227 13.79% 2,452,132 8.22% ALL OTHER 25 7.10%
NORWAY 21 $624 7.02% 1,632,793 5.47% UNDISCL 4 1.14%
CHINA 19 $331 3.72% 1,481,850 4.97% TOTAL 352 100.00%
INDONESIA 17 $184 2.07% 686,222 2.30%
UAE 12 $357 4.01% 524,564 1.76%
INDIA 12 $252 2.84% 1,676,928 5.62%
FAR EAST 9 $71 0.80% 844,140 2.83%
SINGAPORE 10 $129 1.45% 688,924 2.31%
DENMARK 7 $184 2.07% 289,092 0.97%
KOREA 7 $68 0.76% 613,223 2.06%
BRAZIL 6 $133 1.49% 1,787,302 5.99%
NIGERIA 6 $23 0.25% 147,921 0.50%
UNDISCL 71 $1,075 12.09% 4,934,279 16.54%
ALL OTHER 77 $1,487 16.72% 4,283,871 14.36%
TOTAL 352 $8,896 100.00% 29,823,549 100.00%
2010 VLCC & ULCC SUEZMAXAFRAMAX
110K
PANAMAX
70KPROD 45K < 40,000 OBO LPG & LNG TOTAL
JANUARY 3 6 4 2 15 21 1 5 57
FEBRUARY 3 0 7 5 8 10 0 0 33
MARCH 5 3 5 0 2 21 0 1 37
APRIL 4 2 4 4 8 10 0 5 37
MAY 9 8 4 2 8 13 0 1 45
JUNE 2 4 2 1 1 4 0 3 17
JULY 9 0 3 0 3 6 0 1 22
AUGUST 2 0 4 4 8 14 0 2 34
SEPTEMBER 2 1 7 3 9 4 0 0 26
OCTOBER 9 1 6 1 10 17 0 0 44
NOVEMBER 0 0 0 0 0 0 0 0 0
DECEMBER 0 0 0 0 0 0 0 0 0
TOTAL 48 25 46 22 72 120 1 18 352
A hot month in terms of Sale and Purchase activity. Low
earnings are pushing ship prices down and more deals are
expected during the next few months. It is important to note
that Greek buyers and Greek sellers are active again, on both
fronts, and the ships that were seen changing hands this
month were mainly Aframaxes and MR's and quite a large
number of VLCC's, as nine of these large ladies built in the
90's and 2k's. The total dwt that changed hands this month
was on the high side with 4.2mil tones a figure near as high
as the record number we saw in July 2010 when 5.1mil tones
were sold. The tanker freight market has marginally picked
up during the end of the month, and if expected seasonality
demand boost will be as effective as all wish and rates are
given the needed boost that will also alter the sales market.
SELLERS STATS 2010
TANKER UNITS SOLD ‐ BREAKDOWN PER SIZE AND MONTH 2010
MONTHLY UNIT SALE ACTIVITY
BUYERS ‐ Greek buyers are firmly leading the tanker buyers league. After a quiet
September Greeks have acquired 7 more tankers this month and tally a total of 54units
(47 last) of 7.8million DWT carrying capacity, and have forked out a massive $2.8billion
USD. USA based buyers are in 2nd place with 24 units (24 last), and we have a change in
3rd place, wtih Norwegian coming 3rd having added 5 ships more this month totalling
21 units, with Chinese 4th with 19 units. It is worth noting that India has pushed up in
the ranks as they might only have acquired 12 ships however the carrying cpacity totals
1.7mil tones, with Brazilian buyers also having acquired only 6 units of a total capy of
1.8mil tones.
SELLERS ‐ Table on the RIGHT shows the nationality of the Sellers.
Greek Sellers sold 11 more units in OCT 2010 and are in number one
position seling‐off 71 units (60 last).
2010 TANKER buyer STATISTICS Japanese sellers are well in 2nd
place with 44 units (34 last), while
Singapore sellers are still 3rd with
29 units (26 last) and Chinese
sellers are 4th unchanged for 3rd
month with 23 ships, (all data is
ships sold during the period Jan‐
Oct 2010)
N. COTZIAS SHIPPING CO. LTD.7-9 AKTI MIAOULI - 185 35 PIRAEUS TEL:+30 210 4222660/5 FAX:+30 210 4222678/9
PAGE 10 of [email protected], [email protected]
www.cotzias.gr – visit our constantly updated website OCTOBER 2010
CHANGE
FROM 29/9/2009
VLCC $162.3 $102.0 $110.0 8%SUEZMAX $97.5 $69.0 $70.0 1%AFRAMAX $81.5 $49.0 $59.0 20%PANAMAX $65.0 $45.2 $46.0 2%MR PROD $55.3 $35.0 $38.0 9%
CHANGE
FROM 29/9/2009
VLCC $160.0 $77.2 $86.0 11%SUEZMAX $106.5 $60.8 $60.0 ‐1%AFRAMAX $77.0 $39.6 $47.0 19%PANAMAX $59.5 $37.5 $36.0 ‐4%MR PROD $52.5 $27.6 $29.0 5%
CHANGE
FROM 29/9/2009
VLCC $133.0 $59.0 $62.0 5%SUEZMAX $78.0 $43.0 $44.0 2%AFRAMAX $64.0 $30.0 $34.0 13%PANAMAX $49.0 $27.2 $23.0 ‐15%MR PROD $42.0 $22.0 $18.0 ‐18%
CHANGE
FROM 29/9/2009
VLCC $100.0 $40.0 $40.0 0%SUEZMAX $62.0 $27.0 $25.0 ‐7%AFRAMAX $40.0 $15.0 $16.5 10%PANAMAX $34.0 $14.0 $16.0 14%MR PROD $31.0 $11.0 $13.0 18%
CHANGE
FROM 29/9/2009
VLCC $34.5 $17.1 $16.0 ‐6%SUEZMAX $27.5 $14.6 $12.5 ‐14%AFRAMAX $20.5 $9.4 $9.0 ‐4%PANAMAX $15.0 $7.7 $7.0 ‐9%MR PROD $11.5 $6.0 $4.5 ‐25%
1995 built (15Y old) TANKERS PRICE COMPARISON
TYPE 29/09/2008 29/09/2009
29/09/2009
29/09/2009
29/09/2009
NB TANKERS PRICE COMPARISON
TYPE
29/10/201029/09/2008
Tables above compare prices from OCTOBER 2008, OCTOBER 2009, with today
In the table on the top we see the MONTHLY tanker capital expenditure for OCTOBER 2010 compared to
2009's monthly activity.
2005 built (5Y old) TANKERS PRICE COMPARISON
TYPE 29/09/2008
TYPE
2000 built (10Y old) TANKERS PRICE COMPARISON
29/09/2008
29/10/201029/09/2008
29/09/2009 29/10/2010
1990 built (20Y old) TANKERS PRICE COMPARISON
In the table on the top we see monthly number of tanker ships sold as of OCTOBER 2010, compared
to 2009's monthly activity.
29/10/2010
TYPE
29/10/2010
NEWBUILDING TANKER PRICES 2000 - 2010
$24
$44
$64
$84
$104
$124
$144
$164
Oct-0
0
Apr-01
Oct-0
1
Apr-02
Oct-0
2
Apr-03
Oct-0
3
Apr-04
Oct-0
4
Apr-05
Oct-0
5
Apr-06
Oct-0
6
Apr-07
Oct-0
7
Apr-08
Oct-0
8
Apr-09
Oct-0
9
Apr-10
Oct-1
0
VLCC 300K
SUEZ 150K
AFRA 110K
PANAMAX 70K
PROD 45K
5 YEAR OLD TANKER PRICES 2000 - 2010
$20
$40
$60
$80
$100
$120
$140
$160
Oct-0
0
Apr-01
Oct-0
1
Apr-02
Oct-0
2
Apr-03
Oct-0
3
Apr-04
Oct-0
4
Apr-05
Oct-0
5
Apr-06
Oct-0
6
Apr-07
Oct-0
7
Apr-08
Oct-0
8
Apr-09
Oct-0
9
Apr-10
Oct-1
0
VLCC 300K
SUEZ 150K
AFRA 110K
PANAMAX 70K
PROD 45K
Tanker units sold 2010 vs 2009
16
3734
0 0
2724
1622
17181916
35
21
45
26
17
4537
33
57
44
22
0
10
20
30
40
50
60
JANUARY
FEBRUARY
MARCHAPRIL
MAYJUNE
JULY
AUGUST
SEPTEMBER
OCTOBER
NOVEMBER
DECEMBER
units 2009 2010 Tankers - Capital expend. 2010 vs 2009
$320 $310$386
$657
$282
$798
$415
$759
$1,375
$229
$435$407
$790
$0
$579$691
$1,097 $1,085
$736$831
$608
$1,729
$750
$0$0m
$200m
$400m
$600m
$800m
$1,000m
$1,200m
$1,400m
$1,600m
$1,800m
$2,000m
JANUARY
FEBRUARY
MARCHAPRIL
MAYJUNE
JULY
AUGUST
SEPTEMBER
OCTOBER
NOVEMBER
DECEMBER
2009 2010
10 YEAR OLD TANKER PRICES 2000 - 2010
$0
$20
$40
$60
$80
$100
$120
$140
$160
Oct-0
0
Apr-01
Oct-0
1
Apr-02
Oct-0
2
Apr-03
Oct-0
3
Apr-04
Oct-0
4
Apr-05
Oct-0
5
Apr-06
Oct-0
6
Apr-07
Oct-0
7
Apr-08
Oct-0
8
Apr-09
Oct-0
9
Apr-10
Oct-1
0
VLCC 300K
SUEZ 150K
AFRA 110K
PANAMAX 70K
PROD 45K
15 YEAR OLD TANKER PRICES 2000 - 2010
$0
$20
$40
$60
$80
$100
$120
Oct-0
0
Apr-01
Oct-0
1
Apr-02
Oct-0
2
Apr-03
Oct-0
3
Apr-04
Oct-0
4
Apr-05
Oct-0
5
Apr-06
Oct-0
6
Apr-07
Oct-0
7
Apr-08
Oct-0
8
Apr-09
Oct-0
9
Apr-10
Oct-1
0
VLCC 300K
SUEZ 150K
AFRA 110K
PANAMAX 70K
PROD 45K
20 YEAR OLD TANKER PRICES 2000 - 2010
$0$5
$10$15$20$25$30$35$40$45$50
Oct-0
0
Apr-01
Oct-0
1
Apr-02
Oct-0
2
Apr-03
Oct-0
3
Apr-04
Oct-0
4
Apr-05
Oct-0
5
Apr-06
Oct-0
6
Apr-07
Oct-0
7
Apr-08
Oct-0
8
Apr-09
Oct-0
9
Apr-10
Oct-1
0
VLCC 300K
SUEZ 150K
AFRA 110K
PANAMAX 70K
PROD 45K
N. COTZIAS SHIPPING CO. LTD.7-9 AKTI MIAOULI - 185 35 PIRAEUS TEL:+30 210 4222660/5 FAX:+30 210 4222678/9
PAGE 11 of [email protected], [email protected]
www.cotzias.gr – visit our constantly updated website OCTOBER 2010
NEWBUILDING ORDERS OCTOBER 2010UNITS TYPE TONNAGE YEAR PRICE
1 AHTS 4,000 2013
2 BC 206,000 2013
3 BC 206,000 2012‐2013 $62.0
3 BC 205,000 2012
2 BC 180,000 2012 $55.0
1 BC 180,000 2012
1 BC 180,000 2012 $59.0
1 BC 175,000 2012
6 BC 100,000 2012‐13
1 BC 95,000 2012
2 BC 82,000 2012
2 BC 82,000 2012
3 BC 82,000 2011‐12 $38.0
2 BC 82,000 2011‐12
1 BC 82,000 2012
1 BC 82,000 2012 $36.0
4 BC 82,000 2013
2 BC 82,000 2012 $37.0
1 BC 82,000 2012 $34.5
4 BC 80,000 2012
2 BC 80,000 2012
2 BC 73,000 2012‐13
5 BC 58,000 2011‐12
3 BC 58,000 2012
4 BC 57,000 2011‐13
1 BC 57,000 2012
1 BC 57,000 2011
2 BC 57,000 2012 $36.0
12 BC 48,000 2012‐13 $30.6
1 BC 48,000 2013 $33.0
BC 47,500 2012
5 BC 47,500 2012
4 BC 47,000 2011‐12
6 BC 36,000
2011, 2012,
2013 $27.0
SPP SHIPBUILDING
SUNGDONG
JIANGSU EASTERN
JIANGSU EASTERN
SUNGDONG
SPP PLANT & SHIPBUILDING
SANOYAS
JIANGSU EASTERN (JES)
JIANGSU EASTERN
SAINTY MARINE
OPTION 3 MORE
PRICE YUAN 2.5BILLION (REGION
$367M FOR ALL 12 ‐ $30.6MIL
EACH UNIT)
12 YEAR CHARTER TO U‐SEA BULK
SHIPPING, DENMARK WITH
PURCHASE OPTION
SPECIALIZED NEW DOUBLE‐
HULLED SHIPS WHICH WILL HAVE
THE ABILITY TO LOAD CAUSTIC
SODA CARGOES IN THREE OF
THEIR SEVEN CARGO HOLDS. THEY
WILL BE BASED ON A DESIGN FOR
A SERIES OF SIX VESSELS
DELIVERED BY OSHIMA IN JAPAN
TO NORWEGIAN SHIPOWNER
KLAVENESS BETW
OPTIONS EXERCISED
PLUS 1 OPTION DELY 2013
TWO NOW ORDERED
NEW DESIGN. BUILDER'S OR
TRADING HOUSE ACCOUNT FOR
RESALE
OTHER REP SAYS DELY LATE 2011
OPTION TWO MORE EXERCISED.
FOUR NOW ORDERED
OPTION TWO MORE EXERCISED.
FOUR NOW ORDERED
OPTION 1 MORESPECIALIST IRONSAND SLURRY
CARRIER. THE VESSEL WITH
REPLACE MV TAHAROA EXPRESS
145,842 DWT/BLT 1990 WHICH IS
THE WORLD'S ONLY IRONSAND
SLURRY CARRIER
AH11 DESIGN. LONG TERM
CONTRACT TO PETROBRAS BRAZIL
CLASSIC MARITIME IS A
SUBSIDIARY OF DRYSHIPS, GREECE
OPTION FOR 2 MORE
CHINA SHIPPING DEVELOPMENT
CHINA SHIPPING HAISHENG
CHINESE BUYERS
UNDISCLOSED CHINESE BUYERS
HUAYUAN LOGISTICS
DAIICHI CHUO KISEN JPN
SHIPPING CORP OF INDIA
SAMMOK SHIPPING
GESTION MARITIME
MODION MARITIME MGMT
YASA SHPG IND.
AKMAR SHIPPING & TRADING
FIRST STEAMSHIP
YARD NOTESBUYER’S NAME
VICTORIA STEAMSHIP
SHANGHAI BAOSTEEL SHIPPING
N.Y.K. LINE
UNDISCLOSED JAPANESE
CONTRACTOR
PITIOUSA SHIPPING
WILMAR INTERNATIONAL
WILMAR INTERNATIONAL
NORSKAN OFFSHORE BRAZIL
CLASSIC MARITIME MONACO
SINOTRANS SHIPPING
NYK LINE
VICTORIA STEAMSHIP
KUMIAI SENPAKU
QINGDAO BEIHAI
JIANGSU EASTERN HI
JINHAI HI
OSHIMA
YANGZHOU DAYANG
NANTONG COSCO KHI
HUATAI HI
COSCO GUANGDONG
COSCO GUANGDONG
JINLING
JIANGSU SHIPPING INDUSTRY
CHINA SHIPPING IND
JIANGSU EASTERN (JES)
JIANGSU EASTERN
JIANGSU YANGZJIANG
HYUNDAI MIPO
JIANGSU EASTERN
NANTONG COSCO KHI
QINGDAO BEIHAI
MITSUBISHI
STX PROMAR BRAZIL
SHANGHAI WAIGAOQIAO
GUANGZHOU LONGXUE
SHIPBUILDING
NANTONG COSCO KHI
UNDISCLOSED CONTRACTOR
RIO TINTO SHIPPING
SETAF‐SAGET
JAPANESE UNDISCLOSED
CONTRACTOR
DYNASTY XIA SHIPPING CO
QINHUANGDAO STAR SHIPPING
HUAYUAN STAR SHIPPING
ENTERPRISES SHIPPING &
TRADING
N. COTZIAS SHIPPING CO. LTD.7-9 AKTI MIAOULI - 185 35 PIRAEUS TEL:+30 210 4222660/5 FAX:+30 210 4222678/9
PAGE 12 of [email protected], [email protected]
www.cotzias.gr – visit our constantly updated website OCTOBER 2010
2 BC 28,000 2011‐12
4 CONT 160,000 2013 $140.0
4 CONT 150,000 2013 $120.0
1 CONT 110,000 2012‐13
1 CONT 110,000 2012‐13
7 CONT 105,000 2013‐14 $103.0
4 CONT 98,000 2013 $99.0
8 CONT 58,000 2013‐14 $50.0
4 CONT 56,000 2013 $53.0
8 CONT 56,000 2013 $50.0
2 CONT 24,300 2012 $29.9
6 GAS 12,000 2012‐13 $40.0
2 MPP 26,000 2012
2 MPP 24,000 2012 $30.0
1 OTHER 4,000 2012 $17.5
4 OTHER 3,200 2012 $25.0
2 OTHER 2012 $190.0
4 PAX 35,000 2013 $145.9
1 PAX 2012
1 RORO 1800 GT 2011
2 RORO 15,000 2012
4 TANKER 320,000 2013 $106.7
4 TANKER 319,000 2012‐13 $105.0
2 TANKER 157,000 2013 $65.0
12 TANKER 120,000 2014 $66.0
2 TANKER 120,000 2012
4 TANKER 119,900 2014
10 TANKER 100,000 2013 $70.0
1 TANKER 100,000 2012
2 TANKER 19,900 2011
1 TANKER 16,500 2012
2 TANKER 16,500 2011
2 TANKER 12,500 2013‐14 $40.0
2 TANKER 9,000 2012 $30.0
2 TANKER 9,000 2012 $30.0
2 TANKER 7,800 2012 $17.0
1 TANKER 7,000 2013
2 TANKER 3,500 2012
1 TANKER 1,200 2011 $1.2
Note1: With Red color are indicated all Greek interest Buyers or Sellers
BITUMEN TANKER
PRODUCT
EIGHT NOW ORDERED . MANAGED
BY EITZEN NORWAY
PLUS 4 OPTIONS. STAINLESS STEEL
TANKS
STAINLESS STEEL. OPTION FOR
ONE MORE
PART OF AN ORDER FOR 10 VSLS
CONTRACTED BY UNITED
SHIPBUILDING CO RUSSIA WHICH
IS A JOINT VENTURE WITH
DAEWOO CALLED ZVEZDA DSME.
A NEW YARD WILL BE SET UP AT
ZVEZDA, RUSSIA FOR
COMPLETION IN 2013. FIRST 3
VSLS WILL BE BUILT AT DAEWOO
OPTION 2 MORE DELIVERY IN 2014
LR2'S
OPTION UP TO 10 MORE
4 OPTION 4
1200 PAX, 75 CARS
6,500 CARS
OPTION FOR 2 MORE
1382 TEU
ANCHOR HANDLING
PLATFORM SUPPLY. DEEP WATER
OPERATIONS. OPTION 4 MORE
JACKUP DRILLING RIGS. OPTION 3
MORE390 PAX. 120 CARS. LNG
POWERED
DOUBLE ENDED FERRY. DESIGNED
BY JORGEN PETERSEN AS,
DENMARK. TWO 368 KW DIESEL
3600 TEU. PRICE IS LOW/MID 50'S1730 TEU. LINER VESSEL. PACIFIC
SHIPPING TRUST IS CLOSELY
ASSOCIATED WITH PACIFIC
INTERNATIONAL LINES. 6 NOW
ORDERED
LPG 12,000 CBM
13,000 TEU. OPTION PLUS 4 PLUS
2
9000 TEU
9000 TEU
8000 TEU. 17 NOW ON ORDER
13,000 TEU. OPTION FOR 6 MORE.
THE CONTRACT PRICE MAY BE
REDUCED IF THE OPTIONS ARE
DECLARED
SHANGHAI JINHAI SHIPPING
YILMAR
STOLT‐NIELSEN
MODEST POWER ENGINEER CO
BANGLADESH
GRONA TANKERS
JACCAR HOLDINGS LUXENBOURG
EAST OCEAN SHIPPING
ORIENTAL OCEAN SHIPPING
PDVSA
CONSOLIDATED MARINE
MARUBENI CORP JPN
HAOYOU SHPG
CENTRAL MARE INC
SOVCOMFLOT
SOVCOMFLOT
SOVCOMFLOT
WYKER DAMPSCHIFFS GERMANY
WILH. WILHELMSEN
SHIPPING CORPORATION OF
INDIA
SK SHIPPING
TIDEWATER INC, USA
ATTWOOD OCEANICS INC
TORGHATTEN TRAFIKK
HUNDESTED‐RORVIG DENMARK
JACAR HOLDINGS LUXEMBURG
PACIFIC CARRIERS
PACIFIC INTERNATIONAL LINES
MARNAVI
HAMBURG SUD
METROSTAR MNGT.
DELPHIS
PACIFIC SHIPPING TRUST
SHIH WEI NAVIGATION
ZODIAC MARITIME
ZODIAC MARITIME
BERNHARD SCHULTE
COSTAMARE SHIPPING CO
EVERGREEN TAIWAN
CARDIFF MARINE INC
KITANIHON
STX SHIPBUILDING
STX SHIPBUILDING
JIANGNAN CHANGXING
JIANGNAN CHANGXING
SAMSUNG
HUDONG ZHONGHUA
SHANGHAI SY
SPP SHIPBUILDING
HANJIN SUBIC BAY
DALIAN SHIPBUILDING
SINOPACIFIC
PPL SHIPYARD
REMONTOWA GDANSK
WESTERN MARINE
TAIZHOU KOUAN
DALIAN SHIPBUILDING
ABG SHIPYARD
DRYDOCKS WORLD BATAM
INDONESIA
NEPTUN WERFT
MITSUBISHI
JIANGSU RONG SHENG
HYUNDAI HI
RONGSHENG HI
ZVEZDA‐DAEWOO
ZVEZDA DSME
DAEWOO
CHINA DONGFANG SB
DONG FANG
DAEWOO
HYUNDAI
FUKUOKA
ZHEJIANG
8,500 TEU. WILL BE FINANCED BY
A CHINESE BANK
3800 TEUS
3500 TEU. 4 OPTION 4
CHONGQING CHUANDONG
MARMARA TERSANESI
NANJING EAST STAR
WESTERN MARINE
JIUJIANG
DAJIANG SHIPBUILDING
N. COTZIAS SHIPPING CO. LTD.7-9 AKTI MIAOULI - 185 35 PIRAEUS TEL:+30 210 4222660/5 FAX:+30 210 4222678/9
PAGE 13 of [email protected], [email protected]
www.cotzias.gr – visit our constantly updated website OCTOBER 2010
2010 ORDERS UNITS BC MPP CONT TANKER LNG/LPG ALL OTHER TOTAL
JANUARY 35 68 42 0 0 12 6 8 68FEBRUARY 39 75 35 0 0 18 4 18 75MARCH 44 121 71 0 5 29 3 13 121APRIL 18 49 32 0 0 16 1 0 49MAY 34 88 63 0 0 20 2 3 88JUNE 42 122 75 10 1 32 0 4 122JULY 57 156 70 9 15 48 8 6 156
AUGUST 57 147 93 3 8 32 8 3 147SEPTEMBER 60 138 68 3 22 38 0 7 138OCTOBER 73 217 92 4 43 56 6 16 217NOVEMBER 0 0 0 0 0 0 0 0 0DECEMBER 0 0 0 0 0 0 0 0 0TOTAL 459 1,181 641 29 94 301 38 78 1,181
DRY BULK ORDERS 2010CAPES +P PMAX 121 UNITSKAMSARMAX 184 UNITS
PANAMAX 66 UNITSSUPRAMAX 85 UNITS
HANDYMAX 64 UNITS
HANDIES 119 UNITS639 TOTAL
TANKER ORDERS 2010VLCC 60 UNITS
SUEZMAX 76 UNITS
AFRAMAX 49 UNITS
LR 24 UNITS
MR 31 UNITS
240 TOTAL
2010NAME TYPE YEAR BUILT DWT LDT PRICE BREAKER IMO
LANIA TANKER 1990 MITSUBISHI NAGASAKI 248,050 29,200 460$ INDIA 8808642
IRONGATE BC 1982SUMITOMO HI
OPPAMA 179,618 14,555 380$ CHINA 8106484
SWIFT RESOLUTE BC 1982 MITSUI TAMANO 132,086 17,685 460$ INDIA 8005082
PRINCE WILLIAM SOUND TANKER 1975 SUN SHIPBUILDING CH 125,926 23,154 430$ INDIA 7395349
ZEINAT 2 TANKER 1986ULJANIK
BRODOGRADILIST 82,424 15,002 477$ INDIA 8325573
SPLENDOUR TANKER 1987 NAMURA IMARI 60,959 11,287 455$ PAKISTAN 8607775
OPA TANKER 1984 KOREA SHBLDG & ENG 57,133 16,294 480$ INDIA 8113528
SEBASTIAN LERDO DE TEJA TANKER 1976 HORTEN 56,746 11,962 220$ INDIA 7383293
TOLTECA TANKER 1978 ITALCANTIERI MFL 44,690 11,962 220$ INDIA 7531319
ANNOULA TANKER 1982 BRODOMOSOR‐ YUG 40,490 9,749 450$ INDIA 8003333
MSC VOYAGER CONT 1980 MITSUBISHI KOBE 36,433 16,455 468$ INDIA 7820916
STAR IV TANKER 1976 VEROLME 33,788 6,117 475$ INDIA 7342976
STOLT PRIDE TANKER 1976DUBIGEON‐
NORMANDIE 31,942 10,184 400$ INDIA 7400821
CANADIAN PROSPECTOR BC 1964 SHORT SUNDERLAND 30,627 ‐ ‐ TURKEY 5426663
BAO YUE JIA BC 1978CHINA SHIPBUILDING
KAO 29,095 8,244 430$ CHINA 7618313
ALGOISLE BC 1963 VEROLME CORK 27,199 ‐ ‐ TURKEY 5417820
COZUMEL CEMENT BC 1984DALIAN SHIPYARD CO
LTD 27,145 8,721 ‐ INDIA 8101915
WEI HSING BC 1972 NAMURA OSAKA 27,048 6,445 370$ CHINA 7125184
OCEAN BEAUTY BC 1977 HYUNDAI SHIPBUILDIN 24,740 6,537 400$ CHINA 7509263
AGAWA CANYON BC 1970COLLINGWOOD
SHIPYAR 24,121 ‐ ‐ TURKEY 7028556
GRAND FORTUNE BC 1971 HORTEN 22,200 6,154 370$ CHINA 7125615
INDEPENDENCIA TANKER 1974 VEROLME HEUSDEN BV 21,704 6,140 220$ INDIA 7368504
KING SPIRIT BC 1977 MITSUBISHI NAGASAKI 21,081 10,400 440$ INDIA 7601566
NORILSK MPP 1982 WARTSILA ‐ TURKU 19,942 10,816 415$ CHINA 8013003
APL ORCHID CONT 1984 JIANGNAN SHIPYARD 18,437 6,821 450$ INDIA 8207898
DESPINA MPP 1982LENINA STOCZNIA
GDANSK 18,234 7,847 503$ INDIA 8030881
SELLERS ARE NEPTUNE SHIPMANAGEMENT SERVICES,
SINGAPORE. AS IS JEBEL ALI DESTINED FOR INDIA
THE PRICE CAN BE ATTRIBUTED TO THE FULL LIST OF
SPARES, BUNKERS ROB, CROATIA BUILT (MEANING
RICH NON FERROUS ITEMS) AND THE FACT THE
SELLERS ARE GRAND FORTUNE GROUP CO LTD, CHINA
SELLERS ARE PETROLEOS MEXICANOS SA, MEXICO
SELLERS ARE NANJING KING SHIP MANAGEMENT CO
LTD, CHINA
SELLERS ARE NB MARITIME MANAGEMENT LTD,
CYPRUS. RORO
SELLERS ARE KRISTIAN GERHARD JEBSEN SKIPREDERI,
NORWAY
SELLERS ARE JUI ZONG SHIP MANAGEMENT CO LTD,
TAIWAN
SELLERS ARE NEO FIELD SHIPPING CO LTD, KOREA
YAZICI GEMI SOKUM LTD
SELLERS ARE HTM SHIPPING CO LTD, CHINA. OTHERS
REPORT PRICE $415
SELLERS ARE STOLT TANKERS BV, NETHERLANDS
NOTES
OCTOBERREPORTED DEMOLITION DEALS
INCL 230 TS ST ST
SELLERS ARE. AS IS DELIVERY LABUAN DESTINED FOR
INDIA. SALE INCLUDES 1400T FUEL ROB.
SELLERS ARE INTERNATIONAL MARINE
MANAGEMENT CO INC, GREECE. OPTION EITHER USD
470 BASIS DELY PAKISTAN OR USD 477 BASIS DELY
AS IS FUJAIRAH. SELLERS ARE FAL SHIPPING CO LTD,
UAE
SELLERS ARE DELFI SA GREECE ‐ CHEMICAL PRODUCTS
TANKER. VESSEL HAD BEEN REPORTED SOLD FOR
DEMO IN APRIL 2010 AT $508 TO PAKISTANSELLERS ARE PETROLEOS MEXICANOS SA, MEXICO.
INDIAN BREAKERS ENBLOC TOLTECA AND SEBASTIAN
LERDO DE TEJASELLERS ARE PETROLEOS MEXICANOS SA, MEXICO.
INDIAN BREAKERS ENBLOC TOLTECA AND SEBASTIAN
LERDO DE TEJA
SELLERS ARE PROJECT SHIPPING INC, GREECE.
SELLERS ARE TARGET MARINE SA, GREECE
AS IS FUJAIRAH, SELLERS ARE POLYAR TANKERS SA,
NORWAY
SELLERS ARE ZODIAC MARITIME AGENCIES, UK
1600 TS IFO ROB. SELLERS ARE GRACE LINE LTD, USA
NEWBUILDING ORDERS BREAKDOWN by TYPE PER MONTH, for YEAR 2010
NEW BUILDING ORDERS PER SHIPTYPES IN 2010
BC, 641, 55%
MPP, 29, 2%CONT, 94, 8%
TANKER, 301, 25%
LNG/LPG, 38, 3%
ALL OTHER, 78, 7%
DRY BULK ORDERS 2010
42 35
71
32
6375 70
93
66
92
0
10
20
30
40
50
60
70
80
90
100
Jan-
10
Feb-1
0
Mar
-10
Apr-10
May
-10
Jun-1
0
Jul-1
0
Aug-10
Sep-1
0
Oct-1
0
BULKERS
N. COTZIAS SHIPPING CO. LTD.7-9 AKTI MIAOULI - 185 35 PIRAEUS TEL:+30 210 4222660/5 FAX:+30 210 4222678/9
PAGE 14 of [email protected], [email protected]
www.cotzias.gr – visit our constantly updated website OCTOBER 2010
PHEAFAN BC 1978 HDW AG ‐ KIEL ‐ GFR 17,800 ‐ ‐ CHINA 7720893
FLOTEC MPP 1982WARNOWWERFT
WARNEMU 17,330 7,100 390$ CHINA 8225448
TERRISHA BC 1984WARNOWWERFT
WARNEMU 17,330 7,160 435$ INDIA 8422905
SUIJIN RORO 1984 IMABARI MARUGAME 17,328 12,500 400$ CHINA 8323147
DESPINA TWEEN 1977LENINA STOCZNIA
GDANSK 17,982 7,761 430$ INDIA 7428809
BAHREGAN 10 BC 1975 WESER SEEBECKWERFT 16,265 4,897 ‐ INDIA 7360746
TOSCA CAR 1978 NKK CORP ‐ TSU 15,311 15,272 ‐ CHINA 7708833
GLOBAL MACEIO TANKER 1986 VIANA DO CASTELO 15,089 4,712 ‐ ‐ 8220577
IREEX BC 1978 KHERSONSKIY SSZ ‐ USR 14,550 5,615 475$ INDIA 7740972
SIGLOO POLAR GAS 1982MOSS ROSENBERG
MOSS 12,426 5,650 ‐ INDIA 8107141
PACIFIC TRADER TANKER 1980 BERNER 10,359 3,774 472$ INDIA 7920431
NATIONAL STAR BC 1982 ALEXANDRIA SHYD. 8,230 ‐ ‐ TURKEY 7810961
GLORY K BC 1977 NISHI SHIPBUILDING 7,305 ‐ ‐ TURKEY 7618480
STAR ORION TANKER 1980 HIGAKI 7,089 2,300 445$ INDIA 8512190
ALFA MARMARA TANKER 1985 KOCHI JYUKO 6,763 2,600 475$ INDIA 8418241
CAPELLA SD 1976 MIE YOKKAICHI 6,691 ‐ ‐ TURKEY 7522760
AL FAJR AL MUSHRIQ BC 1982 ASIA‐PACIFIC SHIPYARD 6,412 2,039 ‐ INDIA 8129060
OLIB G TANKER 1988 CANTABRICO RIERA CA 6,375 ‐ ‐ ‐ 8026608
INNES BC 1976 AUKRA BRUK AS 6,300 ‐ ‐ INDIA 7502069
ANAKONDA SD 1972 KLEVEN MEK VERKSTED 6,230 ‐ ‐ TURKEY 7224368
WIN REEFER 1979 MINAMI‐NIPPON USUKI 6,077 ‐ ‐ CHINA 7818808
SICHEM CORMORAN TANKER 1987 ESERCIZIO VIAREGGIO 5,453 2,095 ‐ INDIA 8610447
EROTOKRITOS T PAX 1974 NAIKAI SHIPBUILDING 5,422 11,000 367$ INDIA 7394747
BALAKLAVA II REEFER 1978 HONDA SAIKI 5,179 3,202 428$ INDIA 7722360
ARKAIM‐1 SD 1977GOTAVERKEN
SOLVESBO 5,166 ‐ ‐ CHINA 7626451
VILJANDI RORO 1978 A. ZHDANOV 4,600 6,015 470$ INDIA 7740465
RAVENNA RORO 1975 LUIGI ORLANDO 4,371 3,462 305$ TURKEY 7351226
CAPITAL STAR SD 1969 OKA NAVASHINO 4,150 ‐ ‐ TURKEY 7008635
TRIAL SD 1969 KRASNOYE SORMOVO 3,361 ‐ ‐ TURKEY 7011101
GOLDEN CRUX NO. 18 TANKER 1995SHIN KURUSHIMA
IMABARI 2,999 1,476 410$ INDIA 9129691
GENIUS PRIME TANKER 1984KURINOURA DOCKYARD
CO 2,708 1,112 370$ PAKISTAN 8323630
LUMY SD 1973DROBETA‐TURNU
SEVER 2,600 1,121 370$ PAKISTAN 7311886
EUROFERRYS ATLANTICA PAX 1973 BRODOMOSOR‐ YUG 2,362 6,100 290$ TURKEY 7218668
FLAMENCO I PAX 1972 TIRRENO RIUNITI R.T 2,352 9,606 335$ INDIA 7211517
VENEZIA PAX 1978 LUIGI ORLANDO 2,281 4,220 305$ TURKEY 7521663
OCEAN EXPRESS SD 1978 LUZURIAGA ASTILLERO 2,250 1,405 390$ INDIA 7713333
GRECIA PAX 1973 LUIGI ORLANDO 2,188 4,219 305$ TURKEY 7224514
ANCONA PAX 1966 ITALY 1,950 6,338 465$ INDIA 6608098
WIESBADEN OTHER 1973 RICKMERS RICKMERS 1,846 ‐ ‐ AS IS 7324912
SINDHU‐8 OTHER 1985INCHON ENGINEERING
& S 1,820 1,220 350$ INDIA 8322583
SINDHU‐11 TUG 1985 INCHON ENGINEERING 1,820 1,229 ‐ INDIA 8322612
AGIA MARINA TANKER 1976 ASAKAWA 1,801 ‐ ‐ TURKEY 7620720
PRINCESS GOUD SD 1966 SIETAS SCHIFFSWERFT 1,533 ‐ ‐ TURKEY 6616772
SVETA KSENIYA SD 1977 NIIGATA ENGINEERING 1,270 ‐ ‐ TURKEY 7524005
SPLIT 1700 RORO 1966NOBISKRUG WERFT ‐
GFR 1,118 3,551 465$ INDIA 6606234
APOLLON RORO 1973 D.C.A.N. BREST 1,094 ‐ ‐ TURKEY 7235915
ACQUA AZZURRA SD 1958 DOLLARD 684 ‐ ‐ TURKEY 5301526
ABERDONIAN OTHER 1977 PATTJE WATERHUIZEN 598 ‐ ‐ AS IS 7624350
Note1: With Red color are indicated all Greek interest Sales
BROKEN UP
SELLERS ARE PACIFIC WISE SHIPPING CO LTD UAE
SELLERS ARE BALTIC MERCUR LTD, RUSSIA
SELLERS ARE ILION LINES S.A., GREECE
SELLERS ARE GOLDEN GNOSSIS SHIPPING TAIWAN
BROKEN UP
AS IS PIRAEUS. SELLERS ARE LUCY LINES MARITIME
CO, GREECE
SELLERS ARE DAIICHI TANKER CO LTD, JAPAN
STONE CARRIER
CHEMICAL TANKER
BROKEN UP
KALKAVANLAR GEMI SOKUM TICARET ‐ SELLERS ARE
ANI SHPK ALBANIA
DORTEL GEMI SOKUM DEMIR VE CEL ‐ SELLERS ARE
LOFT SEA CO SA UAE
SELLERS ARE MEGAPORTS SHIPMANAGEMENT PTE
LTD, SINGAPORE
INCL 50T STAINLESS STEEL ON BOARD. SELLERS ARE
ALFA TANKER TASIMACILIK SANAYI VE TICARET AS,
TURKEY
SOK DENIZCILIK TIC LTD STI ‐ ERBAY DENIZCILIK
TASIMACILIK TURKEY
SELLERS ARE LEON TRADING LTD UKRAINE
LPG
SELLERS ARE RIGA TRANSPORT FLEET, LATVIA
SIMSEKLER GEMI SOKUM ‐ ALIAGA
SELLERS ARE GREEN OCEAN SHIPPING CO, IRAN
VEHICLES CARRIER
SELLERS ARE GLOBAL TRANSPORTE OCEANICO SA,
BRAZIL
SELLERS ARE OROCELL SHIPPING INC UAE
SELLERS ARE SHOEI KISEN KAISHA LTD, JAPAN
INCL 370TS BUNKERS. SELLERS ARE ISLAMIC REPUBLIC
OF IRAN SHIPPING LINES (IRISL), IRAN
SELLERS ARE SHANGHAI ADANI SHIPPING CO LTD,
CHINA
KURSAN GEMI SOKUM LTD
CEMSAN GEMI SOKUM SAN LTD
SELLERS ARE SEATRAFFIC LTD, UKRAINE
AS IS SPAIN. SELLERS ARE EUROFERRYS SPAIN
AS IS MALAYSIA. OTHER REPS SAY AS IS GREECE.
SELLERS ARE SHIPS LEISURE SAM, MONACO
CEMSAN GEMI SOKUM SAN LTD
EGE CELIK GEMI SOKUM AS
SELLERS ARE ILION LINES S.A., GREECE
SELLERS ARE BLUE LINE EUROPE APS, DENMARK
FACTORY STERN TRAWLER ‐ AS IS DENMARK
SELLERS ARE HAL OFFSHORE LTD, INDIA
AHTS
SIMSEKLER GEMI SOKUM ‐ ALIAGA ‐ CHEMICAL
PRODUCTS
SELLERS ARE ILION LINES S.A., GREECE
SELLERS ARE BLUE LINE EUROPE APS, DENMARK
IZMIR GERI DONUSUM LTD ‐ RORO/PAX
SELLERS ARE ACQUA AZZURRA ITALY
STANDBY SAFETY VESSEL ‐ AS IS DENMARK
SMEDEGAARDEN
N. COTZIAS SHIPPING CO. LTD.7-9 AKTI MIAOULI - 185 35 PIRAEUS TEL:+30 210 4222660/5 FAX:+30 210 4222678/9
PAGE 15 of [email protected], [email protected]
www.cotzias.gr – visit our constantly updated website OCTOBER 2010
DEMOLITION STATISTICS:
2010 UNITS DWT LDT
January 115 3,955,206 1,005,289 UNITS LDT TAKEN AV. SCRP PRICE
February 104 2,616,428 735,515 154 1,298,938 $375
March 131 4,638,388 1,059,123 405 2,925,149 $397
April 145 2,689,620 772,054 92 1,123,467 $399
May 115 2,193,221 577,318 159 237,262 $227
June 113 2,150,003 680,861 93 798,323 $404
July 67 2,117,858 525,766 137 438,555
August 89 2,710,263 644,011 1040 6,821,694 $360
September 87 1,553,341 401,275
October 74 1,754,076 420,482
November 0 0 0
December 0 0 0
TOTAL 1040 26,378,404 6,821,694
TOTAL DRY&WET
UNITS LDT TAKEN av $ UNITS LDT UNITS LDT DWT
154 1,298,938 374.7 132 1,174,979 15 123,959 4,627,213
405 2,925,149 397.4 274 1,935,484 126 989,665 9,594,624
92 1,123,467 399.2 34 271,056 58 852,411 5,854,232
159 237,262 226.6 106 202,766 15 34,496 834,617
93 798,323 403.6 37 185,766 55 612,557 3,748,816
137 438,555 21.2 38 135,373 12 99,390 818,129
1040 6,821,694 360.3 621 3,905,424 281 2,712,478 25,477,631
COUNTRY UNITS % rankGREECE 134 12.9% 1
CHINA 71 6.8% 2
UAE 65 6.3% 3
SINGAPORE 50 4.8% 4
USA 45 4.3% 5
NORWAY 39 3.8% 6
JAPAN 38 3.7% 7
TURKEY 37 3.6% 8
SYRIA 37 3.6% 8
RUSSIA 29 2.8% 10
INDIA 25 2.4% 11
UKRAINE 21 2.0% 12
UK 20 1.9% 13
DENMARK 18 1.7% 14
LEBANON 18 1.7% 14
VIETNAM 17 1.6% 16
ITALY 17 1.6% 16
GERMANY 15 1.4% 18
LATVIA 15 1.4% 18
SPAIN 13 1.3% 20
ALL OTHER 305 29.3%
UNDISCL 11 1.1%
TOTAL 1040 100.0%
UNIT IN
TAKE P
ER SC
RAP
COUNTR
Y FO
R 2010
PAKISTAN
INDIA
TOTAL
OTHER/CASH/AS IS
BANGLADESH
TURKEY
WET
CHINA
DRY
LDT IN
TAKE P
ER SC
RAP COUNTR
Y
FOR 2010
2010 DEMOLITION SELLERS STATISTICS
source of data: N. COTZIAS SHIPPING CONSULTANTS (NCSC)
TURKEY
PAKISTAN
OTHER/CASH/AS IS
TOTAL
DETAILED BREAKER REGION ‐ STATISTICS FOR 2010
BANGLADESH
INDIA
BREAKER
CHINA
BREAKER
BREAKER – STATS ‘2010
Average Scrap Price & No of Ships Scrapped 2005-2010
87
74
812 14
19 1924
22212317
10
13
16
17
13
25
16
2119
11
17
1617
17
18
20
15
17
7
12
510
16
011
21 1824
29 29
27
39
50 67
125
104
131
115
94
6263
75
91
101
95
112
7379
134
115
145
113
89
129
125
$100
$200
$300
$400
$500
$600
$700
$800
Apr-05
Jun-0
5
Aug-05
Oct
-05
Dec-0
5
Feb-0
6
Apr-06
Jun-0
6
Aug-06
Oct
-06
Dec-0
6
Feb-0
7
Apr-07
Jun-0
7
Aug-07
Oct
-07
Dec-0
7
Feb-0
8
Apr-08
Jun-0
8
Aug-08
Oct
-08
Dec-0
8
Feb-0
9
Apr-09
Jun-0
9
Aug-09
Oct
-09
Dec-0
9
Feb-1
0
Apr-10
Jun-1
0
Aug-10
Oct
-10
-5
15
35
55
75
95
115
135
155
Average Scrap PriceNumber of Ships
DEMO STATS 2005-2010
0
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
3,500,000
4,000,000
4,500,000
5,000,000
Apr-05
Jun-0
5
Aug-05
Oct
-05
Dec-0
5
Feb-0
6
Apr-06
Jun-0
6
Aug-06
Oct
-06
Dec-0
6
Feb-0
7
Apr-07
Jun-0
7
Aug-07
Oct
-07
Dec-0
7
Feb-0
8
Apr-08
Jun-0
8
Aug-08
Oct
-08
Dec-0
8
Feb-0
9
Apr-09
Jun-0
9
Aug-09
Oct
-09
Dec-0
9
Feb-1
0
Apr-10
Jun-1
0
Aug-10
Oct
-10
-15
5
25
45
65
85
105
125
145
DWTLDTNUMBER
CHINA, 1,298,938, 19%
INDIA, 2,925,149, 44%
BANGLADESH, 1,123,467, 16%
TURKEY, 237,262, 3%
PAKISTAN, 798,323, 12%
OTHER/CASH/AS IS,438,555, 6%
CHINA, 154, 15%
INDIA, 405, 39%
BANGLADESH, 92,
9%
TURKEY, 159, 15%
PAKISTAN, 93, 9%
OTHER/CASH/AS IS,137, 13%
N. COTZIAS SHIPPING CO. LTD.7-9 AKTI MIAOULI - 185 35 PIRAEUS TEL:+30 210 4222660/5 FAX:+30 210 4222678/9
PAGE 16 of [email protected], [email protected]
www.cotzias.gr – visit our constantly updated website OCTOBER 2010
BULKERS / SD
TANK/
OBO/GAS
CONT/
TWEEN/MPP REEFER
RORO PAX
CRUISE, OTHER
VEHICLES
CARRIERS
TRAWLER TUG
OTHER TOTAL
307 302 158 44 105 43 81 1,040 SHIPS
29.5% 29.0% 15.2% 4.2% 10.1% 4.1% 7.8% 100.0%
1,414,475 2,827,992 1,113,824 220,320 623,136 438,988 182,959 6,821,694
6,343,463 14,597,783 2,903,324 363,348 841,625 554,441 774,420 26,378,404
$338,951,753 $960,860,738 $281,701,638 $69,292,474 $149,217,869 $33,505,593 $48,318,155 $1,881,848,220
32.1 Years 27.9 Years 29.3 Years 29.2 Years 35.7 Years 27.3 Years 32.6 Years 30.6 YearsUSD PAID
Demolition DATA for 2010
BALTIC DRY BULK MARKET INDICES until 29th OCTOBER 2010
AVERAGE AGE
STATS
DWT
LDT
%
UNITS
source of data: N. COTZIAS SHIPPING CONSULTANTS (NCSC)
AVERAGE MONTHLY SCRAP PRICE 2009 ‐ 2010 CHINA
$228$243
$215 $209$226
$251 $255$268 $279
$266$286
$312 $319$343
$375
$411$382
$398$381
$431$426$438
205
255
305
355
405
455
Jan‐09
Feb‐09
Mar‐0
9Apr‐09
May‐0
9Jun
‐09Jul‐09
Aug‐0
9Sep
‐09Oct‐09
Nov‐0
9Dec‐0
9Jan
‐10Feb
‐10
Mar‐1
0Apr‐10
May‐1
0Jun
‐10Jul‐10
Aug‐1
0Sep
‐10Oct‐10
AV
ER
AG
E S
CR
AP
PR
ICE
U$
/LD
T
AVERAGE MONTHLY SCRAP PRICE 2009 ‐ 2010 INDIA
$267 $262 $272 $259$234
$258 $249
$309$327
$291
$340$324
$362$344
$387
$457
$410
$370
$419
$488
$407 $405
220
270
320
370
420
470
Jan‐09
Feb‐09
Mar‐0
9Apr‐09
May‐0
9Jun
‐09Jul‐09
Aug‐0
9Sep
‐09Oct‐09
Nov‐0
9Dec‐0
9Jan
‐10Feb
‐10
Mar‐1
0Apr‐10
May‐1
0Jun
‐10Jul‐10
Aug‐1
0Sep
‐10Oct‐10
AV
ER
AG
E S
CR
AP
PR
ICE
U$
/LD
T
AVERAGE MONTHLY SCRAP PRICE 2009 ‐ 2010 PAKISTAN
$271 $265 $261 $266$248
$282
$315
$273
$313 $312$293
$265
$379$353
$377
$464
$427
$392 $394$407
$371$362
220
270
320
370
420
470
Jan‐09
Feb‐09
Mar‐0
9Apr‐09
May‐0
9Jun
‐09Jul‐09
Aug‐0
9Sep
‐09Oct‐09
Nov‐0
9Dec‐0
9Jan
‐10Feb
‐10
Mar‐1
0Apr‐10
May‐1
0Jun
‐10Jul‐10
Aug‐1
0Sep
‐10Oct‐10
AV
ER
AG
E S
CR
AP
PR
ICE
U$
/LD
T
AVERAGE MONTHLY SCRAP PRICE 2009 ‐ 2010 BANGLADESH
$274 $269
$311
$277
$240
$296 $289$300
$342$322 $322
$335
$362
$393 $392
$445$433
$400
$345
$384$384$384
220
270
320
370
420
Jan‐09
Feb‐09
Mar‐0
9Apr‐09
May‐0
9Jun
‐09Jul‐09
Aug‐0
9Sep
‐09Oct‐09
Nov‐0
9Dec‐0
9Jan
‐10Feb
‐10
Mar‐1
0Apr‐10
May‐1
0Jun
‐10Jul‐10
Aug‐1
0Sep
‐10Oct‐10
AV
ER
AG
E S
CR
AP
PR
ICE
U$
/LD
T
AVERAGE MONTHLY SCRAP PRICE 2009 ‐ 2010 TURKEY
$218
$183 $186$202
$172$155
$174 $179 $177 $181 $184 $179 $187 $187 $193
$242
$216$205
$301$295
$223$245
140
190
240
290
340
Jan‐09
Feb‐09
Mar‐0
9Apr‐09
May‐0
9Jun
‐09Jul‐09
Aug‐0
9Sep
‐09Oct‐09
Nov‐0
9Dec‐0
9Jan
‐10Feb
‐10
Mar‐1
0Apr‐10
May‐1
0Jun
‐10Jul‐10
Aug‐1
0Sep
‐10Oct‐10
AV
ER
AG
E S
CR
AP
PR
ICE
U$
/LD
T
N. COTZIAS SHIPPING CO. LTD.7-9 AKTI MIAOULI - 185 35 PIRAEUS TEL:+30 210 4222660/5 FAX:+30 210 4222678/9
PAGE 17 of [email protected], [email protected]
www.cotzias.gr – visit our constantly updated website OCTOBER 2010
DATE BDI % frm 1/1/2010 BCI % frm 1/1/2010 BPI % frm 1/1/2010 BSI % frm 1/1/2010 BHI% frm
1/1/2010
30/09/2010 2,446 ‐22% 3,370 ‐20% 2,462 ‐36% 1,847 ‐17% 1,039 ‐10%
01/10/2010 2,452 ‐22% 3,419 ‐19% 2,412 ‐37% 1,843 ‐17% 1,038 ‐10%
04/10/2010 2,478 ‐21% 3,509 ‐16% 2,376 ‐38% 1,853 ‐17% 1,036 ‐10%
05/10/2010 2,569 ‐18% 3,786 ‐10% 2,362 ‐38% 1,860 ‐16% 1,039 ‐10%
06/10/2010 2,639 ‐16% 3,976 ‐5% 2,359 ‐38% 1,873 ‐16% 1,041 ‐10%
07/10/2010 2,662 ‐15% 4,019 ‐4% 2,372 ‐38% 1,885 ‐15% 1,037 ‐10%
08/10/2010 2,692 ‐14% 4,076 ‐3% 2,403 ‐37% 1,894 ‐15% 1,033 ‐10%
11/10/2010 2,695 ‐14% 4,055 ‐3% 2,413 ‐37% 1,898 ‐15% 1,029 ‐11%
12/10/2010 2,719 ‐13% 4,098 ‐2% 2,397 ‐37% 1,905 ‐14% 1,026 ‐11%
13/10/2010 2,748 ‐12% 4,173 ‐1% 2,359 ‐38% 1,899 ‐15% 1,019 ‐11%
14/10/2010 2,769 ‐12% 4,301 2% 2,302 ‐40% 1,881 ‐15% 1,006 ‐13%
15/10/2010 2,762 ‐12% 4,345 4% 2,254 ‐41% 1,858 ‐16% 994 ‐14%
18/10/2010 2,756 ‐12% 4,363 4% 2,214 ‐42% 1,846 ‐17% 988 ‐14%
19/10/2010 2,744 ‐13% 4,366 4% 2,186 ‐43% 1,832 ‐18% 978 ‐15%
20/10/2010 2,729 ‐13% 4,363 4% 2,172 ‐43% 1,816 ‐18% 966 ‐16%
21/10/2010 2,720 ‐13% 4,356 4% 2,179 ‐43% 1,805 ‐19% 956 ‐17%
22/10/2010 2,727 ‐13% 4,373 4% 2,219 ‐42% 1,791 ‐19% 950 ‐17%
25/10/2010 2,748 ‐12% 4,407 5% 2,293 ‐40% 1,784 ‐20% 940 ‐18%
26/10/2010 2,778 ‐12% 4,448 6% 2,393 ‐37% 1,780 ‐20% 931 ‐19%
27/10/2010 2,784 ‐11% 4,461 6% 2,461 ‐36% 1,774 ‐20% 921 ‐20%
28/10/2010 2,707 ‐14% 4,272 2% 2,465 ‐36% 1,768 ‐21% 910 ‐21%
29/10/2010 2,678 ‐15% 4,262 2% 2,410 ‐37% 1,750 ‐21% 897 ‐22%
All Baltic DRY indices 2005 - 2010
3002300430063008300
1030012300143001630018300
Oct-05
Jan-06
Apr-06
Jul-06
Oct-06
Jan-07
Apr-07
Jul-07
Oct-07
Jan-08
Apr-08
Jul-08
Oct-08
Jan-09
Apr-09
Jul-09
Oct-09
Jan-10
Apr-10
Jul-10
Oct-10
BPI
BCIBDI
BSI
BALTIC DRY 2005 - 2010
400
2400
4400
6400
8400
10400
Oct-05Jan-06
Apr-06Jul-0
6Oct-0
6Jan-07
Apr-07Jul-0
7Oct-0
7Jan-08
Apr-08Jul-0
8Oct-0
8Jan-09
Apr-09Jul-0
9Oct-0
9Jan-10
Apr-10Jul-1
0Oct-1
0
BDI
BALTIC PMAX 2005 - 2010
300
2300
4300
6300
8300
10300
Oct-05Jan-06
Apr-06Jul-0
6Oct-0
6Jan-07
Apr-07Jul-0
7Oct-0
7Jan-08
Apr-08Jul-0
8Oct-0
8Jan-09
Apr-09Jul-0
9Oct-0
9Jan-10
Apr-10Jul-1
0Oct-1
0
BPI
BALTIC CAPE 2005 - 2010
400
2900
5400
7900
10400
12900
15400
17900
Oct-05Jan-06
Apr-06Jul-0
6Oct-0
6Jan-07
Apr-07Jul-0
7Oct-0
7Jan-08
Apr-08Jul-0
8Oct-0
8Jan-09
Apr-09Jul-0
9Oct-0
9Jan-10
Apr-10Jul-1
0Oct-1
0
BCI
BALTIC SUPMAX 2006 - 2010
3001300230033004300530063007300
Apr-06
Jul-06Oct-0
6Jan-07
Apr-07
Jul-07Oct-0
7Jan-08
Apr-08
Jul-08Oct-0
8Jan-09
Apr-09
Jul-09Oct-0
9Jan-10
Apr-10
Jul-10Oct-1
0
BSI
CAPITAL LINK MARITIME INDEX 2005-2010
400
1400
2400
3400
4400
5400
Oct-05Jan
-06Apr-0
6Jul-06
Oct-06Jan
-07Apr-0
7Jul-07
Oct-07Jan
-08Apr-0
8Jul-08
Oct-08Jan
-09Apr-0
9Jul-09
Oct-09Jan
-10Apr-1
0Jul-10
Oct-10
CL Maritime Index (CLMI)
CAPITAL LINK DRYBULK INDEX 2005-2010
400
1400
2400
3400
4400
5400
6400
7400
Oct-05Jan
-06Apr-0
6Jul-06
Oct-06
Jan-07
Apr-07
Jul-07Oct-0
7Jan
-08Apr-0
8Jul-08
Oct-08
Jan-09
Apr-09
Jul-09Oct-0
9Jan
-10Apr-1
0Jul-10
Oct-10
CL Drybulk Index (CLDBI)
CAPITAL LINK CONTAINER INDEX 2005-2010
400
1400
2400
3400
4400
5400
Oct-05Jan
-06Apr-0
6Jul-06
Oct-06Jan
-07Apr-0
7Jul-07
Oct-07Jan
-08Apr-0
8Jul-08
Oct-08Jan
-09Apr-0
9Jul-09
Oct-09Jan
-10Apr-1
0Jul-10
Oct-10
CL Container Index (CLCI)
CAPITAL LINK MLP INDEX 2005-2010
400
1400
2400
3400
4400
Oct-05Jan
-06Apr-0
6Jul-06
Oct-06
Jan-07
Apr-07
Jul-07Oct-0
7Jan
-08Apr-0
8Jul-08
Oct-08
Jan-09
Apr-09
Jul-09Oct-0
9Jan
-10Apr-1
0Jul-10
Oct-10
CL MLP Index (CLMLP)
N. COTZIAS SHIPPING CO. LTD.7-9 AKTI MIAOULI - 185 35 PIRAEUS TEL:+30 210 4222660/5 FAX:+30 210 4222678/9
PAGE 18 of [email protected], [email protected]
www.cotzias.gr – visit our constantly updated website OCTOBER 2010
DATE CLEAN % frm 2/1/10 DIRTY % frm 2/1/10
30/09/2010 518 ‐24% 557 ‐33%
01/10/2010 515 ‐24% 553 ‐33%
04/10/2010 515 ‐24% 547 ‐33%
05/10/2010 511 ‐25% 540 ‐33%
06/10/2010 508 ‐25% 537 ‐30%
07/10/2010 506 ‐24% 540 ‐27%
08/10/2010 504 ‐24% 546 ‐26%
11/10/2010 499 ‐24% 551 ‐26%
12/10/2010 493 ‐24% 560 ‐26%
13/10/2010 488 ‐24% 558 ‐28%
14/10/2010 484 ‐24% 567 ‐29%
15/10/2010 481 ‐24% 568 ‐29%
18/10/2010 477 ‐24% 564 ‐29%
19/10/2010 475 ‐23% 566 ‐29%
20/10/2010 472 ‐23% 580 ‐29%
21/10/2010 471 ‐23% 581 ‐28%
22/10/2010 467 ‐22% 580 ‐28%
25/10/2010 463 ‐22% 579 ‐29%
26/10/2010 459 ‐22% 581 ‐28%
27/10/2010 456 ‐23% 592 ‐28%
28/10/2010 452 ‐24% 595 ‐27%
29/10/2010 444 ‐23% 593 ‐26%
DISCLAIMER: All information & data contained in this report, has been carefully obtained from a variety of sources, as reported freely in the market. All necessary care has been taken in the collection, validation, production and editing of
this report, however, N. Cotzias Shipping Group and/or any of it's subsidiary companies makes no guarantee for accuracy & shall not be held liable for any loss incurred in any way whatsoever by any person, individual or company that
relies on the information contained herein. All data, info, charts, views and news contained in this report are property of NCS Group, but can be freely reproduced by any third party in any media, press, tv, radio, internet provided that
the source being NCS is clearly identified, labelled and respected.
BALTIC TANKER MARKET INDICES until 29th OCTOBER 2010
ALL CAPITAL LINK INDICES ARE USED WITH THE EXPRESS KIND PERMISSION OF CAPITAL LINK INC ‐ NEW YORK
ALL BALTIC WET Indices 2005-2010
300
800
1300
1800
2300
Oct-05
Jan-06
Apr-06
Jul-06Oct-0
6Jan
-07Apr-0
7Jul-07
Oct-07
Jan-08
Apr-08
Jul-08Oct-0
8Jan
-09Apr-0
9Jul-09
Oct-09
Jan-10
Apr-10
Jul-10Oct-1
0
BCTI
BDTI
BALTIC DIRTY TANKER INDEX 2005 - 2010
400
900
1400
1900
2400
Oct-05Jan-06
Apr-06Jul-0
6Oct-0
6Jan-07
Apr-07Jul-0
7Oct-0
7Jan-08
Apr-08Jul-0
8Oct-0
8Jan-09
Apr-09Jul-0
9Oct-0
9Jan-10
Apr-10Jul-1
0Oct-1
0
BDTI
BALTIC CLEAN TANKER INDEX 2005 - 2010
300
700
1100
1500
1900
Oct-05Jan-06
Apr-06Jul-0
6Oct-0
6Jan-07
Apr-07Jul-0
7Oct-0
7Jan-08
Apr-08Jul-0
8Oct-0
8Jan-09
Apr-09Jul-0
9Oct-0
9Jan-10
Apr-10Jul-1
0Oct-1
0
BCTI
Brent OIL (2001 - 2010)
162636465666768696
106116126136146
Oct-0
1
Jan-
02
Apr-0
2
Jul-0
2
Oct-0
2
Jan-
03
Apr-0
3
Jul-0
3
Oct-0
3
Jan-
04
Apr-0
4
Jul-0
4
Oct-0
4
Jan-
05
Apr-0
5
Jul-0
5
Oct-0
5
Jan-
06
Apr-0
6
Jul-0
6
Oct-0
6
Jan-
07
Apr-0
7
Jul-0
7
Oct-0
7
Jan-
08
Apr-0
8
Jul-0
8
Oct-0
8
Jan-
09
Apr-0
9
Jul-0
9
Oct-0
9
Jan-
10
Apr-1
0
Jul-1
0
Oct-1
0
Brent Oil
ALL CAPITAL LINK WET Indices 2005-2010
400
1400
2400
3400
4400
5400
Oct-05
Jan-06
Apr-06
Jul-06Oct-0
6Jan
-07Apr-0
7Jul-07
Oct-07
Jan-08
Apr-08
Jul-08Oct-0
8Jan
-09Apr-0
9Jul-09
Oct-09
Jan-10
Apr-10
Jul-10Oct-1
0
CL Tanker Index (CLTI)
CL LNG/LPG Index (CLLG)
CAPITAL LINK TANKER INDEX 2005-2010
400.00
1400.00
2400.00
3400.00
4400.00
5400.00
Oct-05Jan
-06Apr-0
6Jul-06
Oct-06Jan
-07Apr-0
7Jul-07
Oct-07Jan
-08Apr-0
8Jul-08
Oct-08Jan
-09Apr-0
9Jul-09
Oct-09Jan
-10Apr-1
0Jul-10
Oct-10
CL Tanker Index (CLTI)
CAPITAL LINK LNG/LPG INDEX 2005-2010
400.00
800.00
1200.00
1600.00
2000.00
2400.00
2800.00
3200.00
Oct-05Jan
-06Apr-0
6Jul-06
Oct-06Jan
-07Apr-0
7Jul-07
Oct-07Jan
-08Apr-0
8Jul-08
Oct-08Jan
-09Apr-0
9Jul-09
Oct-09Jan
-10Apr-1
0Jul-10
Oct-10
CL LNG/LPG Index (CLLG)
WTI SPOT PRICE (2001 - 2010)
162636465666768696
106116126136146
Oct-0
1
Jan-
02
Apr-0
2
Jul-0
2
Oct-0
2
Jan-
03
Apr-0
3
Jul-0
3
Oct-0
3
Jan-
04
Apr-0
4
Jul-0
4
Oct-0
4
Jan-
05
Apr-0
5
Jul-0
5
Oct-0
5
Jan-
06
Apr-0
6
Jul-0
6
Oct-0
6
Jan-
07
Apr-0
7
Jul-0
7
Oct-0
7
Jan-
08
Apr-0
8
Jul-0
8
Oct-0
8
Jan-
09
Apr-0
9
Jul-0
9
Oct-0
9
Jan-
10
Apr-1
0
Jul-1
0
Oct-1
0
WTI Spot Price
N. COTZIAS SHIPPING CO. LTD.7-9 AKTI MIAOULI - 185 35 PIRAEUS TEL:+30 210 4222660/5 FAX:+30 210 4222678/9
PAGE 19 of [email protected], [email protected]