s&p monthly report november 2010files.irwebpage.com/reports/shipping/gapohy32an... ·...
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www.cotzias.gr – visit our constantly updated website NOVEMBER 2010
Ship sale volume: Nov‐10 Oct‐10
123 135 last month
81 91 last month
42 44 last month
Scrap volume:
84 76 last month
$478/LDT INDIA
Newbuilding Ships Prices 30/11/2010 (in mil USD)
Dry Cargo CAPE 30/11/2009 PMX 30/11/2009 HMAX 30/11/2009
NEWBUILDING $72.0 $67.0 $44.0 $41.5 $36.0 $34.0
Tanker Ships VLCC 30/11/2009 SUZ 30/11/2009 AFR 30/11/2009
NEWBUILDING $108.0 $97.0 $71.2 $68.0 $58.0 $49.0PAN 30/11/2009 PROD 30/11/2009
$45.5 $41.0 $36.5 $33.0Average Dry cargo T/C Earnings (worldwide routes):
Nov‐10 Oct‐10 Sep‐10 Aug‐10
$33,047 $38,178 $35,929 $27,823
$21,969 $20,100 $24,800 $21,788
$21,128 $20,034 $26,103 $25,841
$19,445 $21,536 $24,781 $22,960
$17,769 $20,334 $22,325 $22,919
$17,920 $20,702 $19,995 $22,021
$13,538 $14,704 $16,833 $15,800
$12,665 $14,329 $16,063 $15,682
Scrap Prices for NOVEMBER 2010
CHINA HIGH $410 AVERAGE $396 NOVEMBER 2010 AVERAGE $433 INDIA HIGH $478 AVERAGE $447 OCTOBER 2010 AVERAGE $402
BANGLADESH HIGH $470 AVERAGE $0 SEPTEMBER 2010 AVERAGE $457 PAKISTAN HIGH $477 AVERAGE $461 AUGUST 2010 AVERAGE $400 TURKEY HIGH $277 AVERAGE $277 JULY 2010 AVERAGE $393 373.05
BALTIC INDICES 30‐Nov‐10 29‐Oct‐10 30‐Sep‐10 31‐Aug‐10
2099 ‐21.62% 2678 2446 27132910 ‐31.72% 4262 3370 35162377 ‐1.37% 2410 2462 29501526 ‐12.80% 1750 1847 2066796 ‐11.26% 897 1039 1077740 18.02% 627 624 679882 16.36% 758 686 715
COMMENTS:
Baltic Handymax Index
China and partly by the other developing and emerging countries. It is a factual figure that nearly 80% of all dry bulk cargo shipments are related to the Asian regions. China has
already been instrumental for mor ethan 65% of all iron/ore world shipments and the estimate is that China imported more than 650mil tones of iron/ore in 2010. At the same time
China's steel consumption and subsequent production is not at a "forte" when compared to other countries so that can leave us some room for future growth in the imported raw
material volumes for the years to come.
Baltic Cape Index
Executive Summary
Dry cargo Ships sold this month:
Total number of Ships sold this month:
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:
Baltic Supramax Index
On the other hand continued deliveries of so many new ships that have been added to the active fleet, is a seriously alarming problem that we feel has not been faced with the
amount of seriousness and adequate severity. Many new ships almost 2 ½ ships Bulk Carriers have been delivered each day for the whole year with 11 months completed, and that
ends up bringing the active fleet over 70 mil tones tallying a massive total 617 mil tones of carrying capacity. There are still pending for the remainder of 2010 (27 days!!!!) 730 ships
of 16.3 mil tones that in theory have to be delivered by end of 2010. Of course it goes without saying that most of these will not and can’t be delivered later this year and will be
transferred to the already strained orderbook waiting for 2011, where the expected dry cargo ships amount to 1851 ships of a total capacity of 129 mil tones. We are of the
considered opinion that there was a significant increase in the world fleet during 2010 and many more analysts feel that this influx of tonnage has “somewhat dampened” the
overall positive effects of China’s growing demand.
S&P MONTHLY REPORT
Baltic Dirty Tanker Index
Wet cargo Ships sold this month:
Ships scrapped this month:
Baltic Panamax Index
NOVEMBER 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
This dampening has kept the freight market to practically semi‐mediocre or at the best case to well above sustainability daily levels, and had we had the same amount of tonnage
instead of the +70mil dwt fleet we could have seen freight levels of 20‐30% above the actual levels. Cancellations and scrapping are the only effective measures we may use against
the overcapacity issues, but unless these ships cancelled or scrapped are tripled in volume, the problem will occur and we will just feel that up to now we would have swept the dust
under the carpet… However we feel that the Large ships, namely the Capes and VLOC’s are in for some hard times ahead. Not necessarily “tomorrow”, but surely in the year to
come. We are one month away from clearing out 2010 and this year was overall a very good one, all “other things considering”…!!! We feel that China has lead the way forward, has
given us some positive demand for cargoes, has generated momentum and has been the steam engine that gave power to the dry bulk markets. Had it not been for China’s constant
and insatiable appetite for raw materials, and general imports together with providing the world with a massive wealth of exports, we would be facing a collapsed dry cargo freight m
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]
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2010
NAME TYPE YEAR BUILT DWT GEAR PRICEBUYERS
NAME
BUYERS
NATIONNOTES IMO
HEBEI WISDOM BC 1986 HITACHI ZOSEN 182,212 $14.00mUNDISCLOSED
BUYERS‐
SELLERS ARE HEBEI
OCEAN SHIPPING CHINA8413435
CARPE DIEM I BC 1985 KAWASAKI HI 181,756 $15.00mUNDISCLOSED
BUYERS‐
SELLERS ARE
OCEANBULK MARITIME
GREECE
8408375
BLUE ANNAPURNA BC 2010 DAEHAN 180,000 $63.50mEMPIRE
NAVIGATIONGREECE 9488865
GOLDEN QUEEN BC 2010 JUNHAIWAN 175,918 $84.90m SALAMON AG GERMANY
SELLERS ARE GOLDEN
OCEAN GROUP LTD. SALE
INCLUDES A 5 YEAR T/C
BACK AT $34200/DAY
9497359
CASTILLO DE SAN JUAN BC 1990 VEROLME BRAZIL 173,329 $18.00m CHINESE BUYERS CHINA
SELLERS ARE EMPRESA
NAVIERA ELCANO SA,
SPAIN8510922
DAEHAN HAENAM
1045BC 2011 DAEHAN 170,500 $61.00m KOREAN BUYERS KOREA
SELLERS ARE GOLDEN
OCEAN GROUP LTD9589384
IRON BROTHERS BC 1991 SUMITOMO H I 151,511 P&C TERMSUNDISCLOSED
BUYERS‐
SELLERS ARE CENTRAL
SHIPPING CO LTD, CHINA9004736
SONGA PEAK BC 1990 NIPPON 151,418 $20.00mUNDISCLOSED
BUYERS‐
SELLERS ARE SONGA
SHIPMANAGEMENT, UK8903284
BENEDETTA D’AMATO BC 2010JIANGSU NEW
YANGZIJIANG92,500 $45.00m FAR EAST BUYERS FAR EAST
SELLERS ARE SHIPS
SURVEYS & SERVICES SRL
ITALY. T/C FOR 83‐86
MONTHS ATTACHED
@21,400/DAY. OTHER
REPS SAY $46m
9426049
KAMSAR GOLD BC 2006 TSUNEISHI CORP 82,981 $42.00m ITALIAN BUYERS ITALY
SELLERS ARE ROSY STAR
OCEAN VESSEL
MANAGEMENT
PHILIPPINES. SHE HAD
BEEN REPORTED SOLD
LAST MONTH TO GREEK
BUYERS AT $41.5m
9310630
TORM ISLAND BC 2010TSUNEISHI
HOLDINGS82,194 9461130
TORM TRADER BC 2010TSUNEISHI
HOLDINGS82,194 9461142
ENERGY TRADE BC 1998 MITSUI TAMANO 77,679 $25.00mINDONESIAN
BUYERSINDONESIA
SELLERS ARE OSAKA
FLEET CO LTD, JAPAN.
OTHER REPS SAY $24m.
NON PANAMAX
DIMENSIONS
9153109
TORM KAREN BC 2011TSUNEISHI
SHIPBUILDING82,191 $45.00m 9510333
TORM KATE BC 2011TSUNEISHI
SHIPBUILDING82,191 $45.00m 9510345
CONQUISTADOR BC 2000 SANOYAS 75,607 $30.50mUNDISCLOSED
BUYERS
SELLERS ARE CARDIFF
MARINE INC, GREECE9206073
AUSTIN BC 1995FINCANTIERI
R.TRIGOSO75,473 9083536
TRENTON BC 1995FINCANTIERI
R.TRIGOSO75,265 9083524
GOLDEN SHADOW BC 1997 SUMITOMO H I 73,732 $26.70m NORSUL SA BRAZIL
SELLERS ARE THOME
SHIP MANAGEMENT
SINGAPORE. VESSEL HAD
BEEN REPORTED SOLD
TO HER PRESENT
SELLERS IN JULY 2006 AT
$28.7m
9164615
MARITIME WISDOM BC 1993 OSHIMA ZOSEN 73,657 4x30T $22.00m GREEK BUYERS GREECESELLERS ARE MSI SHIP
MANAGEMENT PTE LTD9036791
YUE DIAN 8 BC 1997 SASEBO SASEBO 72,424 $27.00m TRADA MARITIME INDONESIA
SELLERS ARE
GUANGDONG YUDEAN
SHIPPING CHINA9154098
MERCURY K BC 1997 SASEBO SASEBO 72,421 $27.00m TRADA MARITIME INDONESIA
SELLERS ARE EXECUTIVE
SHIP MANAGEMENT
SINGAPORE9159517
BRIGHT ZHEJIANG BC 1983 GOVAN (B.S.) 67,281 $6.80mUNDISCLOSED
BUYERS‐
SELLERS ARE ZHEJIANG
FUCHUEN SHIPPING, HK,
CHINA8111582
REWOOD OCEAN
SHIPPINGCHINA
SOLD ENBLOC TORM
KAREN AND TORM KATE
TO REWOOD OCEAN
CHINA FOR $90m FOR
BOTH UNITS. SELLERS
ARE TORM AS
DENMARK. DELIVERY
JANUARY 2011
$45.00mINDONESIAN
BUYERSINDONESIA
SOLD ENBLOC AUSTIN
AND TRENTON TO
INDONESIAN BUYERS
FOR $45m FOR BOTH
UNITS. SELLERS ARE
CARDIFF MARINE INC
GREECE
NOVEMBERDRY CARGO SHIPS SOLD DURING THIS MONTH
‐
SOLD ENBLOC TORM
ISLAND AND TORM
TRADER FOR $90m FOR
BOTH UNITS TO
UNDISCLOSED BUYERS
WITH DELIVERY 2011.
SELLERS ARE TORM AS,
DENMARK
UNDISCLOSED
BUYERS$90.00m
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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STEFANIA BC 1981 HITACHI ZOSEN 64,848 $6.20m CHINESE BUYERS CHINA
SELLERS ARE PARADISE
NAVIGATION S.A.
GREECE
7929243
CHANE NAVIGATOR BC 2010 JIANGSU QINFENG 55,000 $30.00m CHINESE BUYERS CHINA
SELLERS ARE SEA STAR
SHIPS MANAGEMENT,
CHINA
9579729
MEDI CORK BC 2004IMABARI
MARUGAME53,552 4x30.5T $33.80m VOSCO VIETNAM
SELLERS ARE D'AMICO
SOCIETA DI
NAVIGAZIONE SPA,
ITALY. OTHER REPS SAY
$33m
9290983
NORD BRAVE BC 2007 IWAGI 53,529 4X30.5T $37.00m VOSCO VIETNAM
SELLERS ARE ORIENT
LINE KK JAPAN. OTHER
REPS SAY $36.5m9405459
SYRENA BC 1997 GDANSKA LENINA 48,122 4X35T $22.00mBANGLADESH
BUYERSBANGLADESH
SELLERS ARE SEVEN SEAS
CARRIERS AS NORWAY.
OTHER REPS SAY $21.5m.
IN MAY 2010 SHE HAD
BEEN REPORTED SOLD
AT $18m TO
UNDISCLOSED BUYERS
9102485
CLIFTON BRIDGE CONT 1988 KAWASAKI HI 47,539 3720 TEU $8.10mGOLDENPORT
SHIPMANAGEMEN
T LTD
GREECE
SELLERS ARE K LINE SHIP
MANAGEMENT JAPAN.
OTHERS REPORT BUYERS
AS COSTAMARE GREECE
8808226
SAMMI SUPERSTARS BC 1983HYUNDAI HEAVY
INDS47,208 4x25T $7.40m CHINESE BUYERS CHINA
SELLERS ARE STX PAN
OCEAN CO LTD.
DELIVERY AS IS KARACHI.
OTHER REPS SAY $6.1m
8112055
NEW ETERNITY BC 1994HASHIHAMA
TADOSU45,741 4X25T $20.50m GREEK BUYERS GREECE
PRICE REPORTED EXCESS
20m9087647
SILKY OCEAN BC 1995TSUNEISHI
SHIPBUILDING45,665 4X25T $21.60m GREEK BUYERS GREECE
SELLERS ARE SANTOKU
SENPAKU CO LTD JAPAN 9118446
COSCO KARACHI CONT 2005 NORDSEEWERKE 38,104 2702 TEU $36.00m EUROSEAS GREECE
SELLERS ARE
HARTMANN
SCHIFFAHRTS GMBH,
GERMANY. DELIVERY
FIRST QUARTER 2011
9305013
FEROI BC 1983 KURUSHIMA ONISHI 37,092 5X25.5T $6.30mUNDISCLOSED
BUYERS‐
SELLERS ARE FIRODI
SHIPPING LTD, GREECE8220101
NB RESALE HN 6018 BC 2011 HYUNDAI MIPO 37,000 4X30T $29.00m GREEK BUYERS GREECE 9530943
SHANHAIGUAN 035 BC 2011 SHANHAIGUAN 35,000 $27.50m 9498315
RAINBOW QUEST BC 2011 SHANHAIGUAN 35,000 $27.50m 9498298
LAST TYCOON BC 2011 SHANHAIGUAN 35,000 $27.50m 9498303
NORTHERN DANCER BC 2010 SHANHAIGUAN 35,000 $29.50m 9498286
VOYAGER BC 1985 KANDA KAWAJIRI 33,347 4X25T $8.50m GREEK BUYERS GREECESELLERS ARE KRISTEN
MARINE SA, GREECE8421341
ORIENT SAORI BC 1997 MINAMI NIPPON 30,835 4X30T $19.00mUNDISCLOSED
BUYERS‐
SELLERS ARE P&F
MARINE CO LTD, JAPAN.
VESSEL HAD BEEN
REPORTED SOLD IN SEPT
2009 AT $14m
9152246
ARGUS BC 1984IMABARI
MARUGAME29,099 4X25T $6.50m TURKISH BUYERS TURKEY
SELLERS ARE EOLOS
SHIPMANAGEMENT
GREECE8323135
AGIOS MINAS BC 1981 HAKODATE DOCK 29,002 5X25T $4.10m CHINESE BUYERS CHINA
SELLERS ARE HARBOR
SHIPPING & TRADING
GREECE8004155
BRAZILIAN
CONFIDENCEBC 1985 SUMITOMO 27,939 3x25T, 514 TEU $7.20m
UNDISCLOSED
BUYERS‐
SELLERS ARE HELLAS
MARINE SERVICES LTD,
GREECE8313221
JAG VIKRAM BC 1980 OSAKA OSAKA 27,463 $3.00mUNDISCLOSED
BUYERS‐
SELLERS ARE FIVE STARS
SHIPPING CO INDIA. 7714741
IDEFIX BULKER BC 1996 HUDONG SHIPYARD 27,411 4X30T $15.50mUNDISCLOSED
BUYERS‐
SELLERS ARE BIDSTED
AND CO AS, DENMARK9116149
SANTA CHRISTINA BC 1996 IMABARI IMABARI 25,378 4X30T $13.75mUNDISCLOSED
BUYERS‐
SELLERS ARE NISSHO
ODYSSEY SHIP
MANAGEMENT
SINGAPORE
9136541
NISSAKI BC 1984 KURUSHIMA ONISHI 24,941 4X25T $6.25m CHINESE BUYERS CHINA
SELLERS ARE SAINT
MICHAEL SHIPPING CO
LTD, GREECE8323707
ROYAL CRYSTAL BC 1984 KURUSHIMA 24,872 4X25T $6.25m CHINESE BUYERS CHINASELLERS ARE SHEHADAH
MARITIME CO SYRIA8323719
GLOBAL DIAMOND BC 1997 KANASASHI 24,426 $13.50mTAIWANESE
BUYERSTAIWAN
SELLERS ARE FIRST
MARINE SERVICE CO
LTD, JAPAN. POSSIBLY
SOLD WITH A 4+1 YEARS
T/C BACK AT
$10000/DAY
9145774
NAVIBULGAR BULGARIA
SOLD ENBLOC ALL 4
UNITS TO NAVIBULGAR.
SELLERS ARE EASTWIND
SHIPMANAGEMENT PTE,
SINGAPORE.
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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ID HARMONY BC 1995 KANASASHI ‐ TOYO 23,712 4X30T $14.50m TURKISH BUYERS TURKEYSELLERS ARE BIDSTED
AND CO AS, DENMARK9113874
NORDSTAR CONT 1998SZCZECINSKA
STOCZNIA23,040 1728 TEU $14.00m
UNDISCLOSED
BUYERS‐
SELLERS ARE
OLDENDORFF GERMANY9149873
POSITANO CONT 1996WADAN YARDS
MTW GMBH22,878 3X40T, 2790 TEU $39.90m
HAMMONIA
REEDEREIGERMANY
SELLERS ARE REEDEREI F
LAEISZ GMBH,
GERMANY. SALE INCL A
T/C FOR 2 YEARS.
DELIVERY APRIL 2011
9481532
HARMONY CONT 1994 HANJIN 21,480 1645 TEU $10.50mUNDISCLOSED
BUYERS‐
SELLERS ARE KG PROJEX‐
SCHIFFAHRTS GMBH,
GERMANY9060273
BOSPHORUS QUEEN BC 1986 USUKI SAIKI 21,167 4X30T $7.20mUNDISCLOSED
BUYERS‐
SELLERS ARE KALAMIS
SHIPPING INDUSTRY
TURKEY. UNCONFIRMED
DEAL
8517384
ORIENTAL BRIGHT CONT 1996 IMABARI IMABARI 16,500 2X35T, 1228 TEU $9.50m KOREAN BUYERS KOREA
SELLERS ARE ABOITIZ
JEBSEN BULK
TRANSPORT PHILIPPINES9146663
SIAM 1 CONT 1996 IWAGI 15,381 927 TEU $8.00m FAR EAST BUYERS FAR EAST
SELLERS ARE SANASIA
MANAGEMENT INC, HK,
CHINA
9140061
CARAVELLE CONT 1996 VOLKSWERFT 14,630 2X45T, 1122 TEU $8.80mUNDISCLOSED
BUYERS‐
SELLERS ARE REEDEREI
GEBR WINTER GMBH,
GERMANY. OTHER REPS
SAY $8.6m
9127007
PETERSBURG RORO 1986 MATHIAS‐THESEN 10,788 P&C TERMSUNDISCLOSED
BUYERS‐
SELLERS ARE REEDEREI F
LAEISZ GMBH8311883
SUNROAD TSUWANO MPP 2005KURINOURA
YAWATAHAMA9,640
1X60T, 2X30T,
D2X30TP&C TERMS
UNDISCLOSED
BUYERS‐
SELLERS ARE KK KYOWA
SANSHO JAPAN9366586
XIN HAI YUAN CONT 1984KYOKUYO ZOSEN
CHOFU8,616 450 TEU $1.80m
MALAYSIAN
BUYERSMALAYSIA
SELLERS ARE ORIENT
INTERNATIONAL
LOGISTICS HOLDING
CHINA
8400969
VSICO PROMOTE CONT 1999 MURAKAMI HIDE 8,516 2X36T, 566 TEU $7.80m SINOKOR KOREA
SELLERS ARE VINASHIN
OCEAN SHIPPING
VIETNAM.9209908
LEHMANN FORESTER MPP 2008FUJIAN NEW
SHENGAI SHIPB8,500 2X35T, 462 TEU $3.99m CYPRUS BUYERS CYPRUS
SOLD AT AUCTION IN
HAMBURG FOR
EURO3m. OTHER REPS
SAY SHE WAS SOLD FOR
Euro 4.5m. SELLERS ARE
UNITEAM MARINE
SHIPPING GMBH,
GERMANY
9452323
YASEMIN MPP 1996 SASEBO SASEBO 6,830 2X35T, 1228 TEU $9.50m KOREAN BUYERS KOREA
SELLERS ARE ISTANBUL
DENIZ TICARET LTD,
TURKEY9136838
AMSTERDAM MPP 1985INCHON
ENGINEERING & S6,726 D2x15T,D2x20T P&C TERMS GREEK BUYERS GREECE
SELLERS ARE GREEK
EASTERN SHIPPING INC.,
GREECE8311053
CIC BELEM MPP 1992KYOKUYO ZOSEN
CHOFU6,273 2X25T 9008067
ARTNE MPP 1992KYOKUYO ZOSEN
CHOFU6,262 2X25T 9008055
WILSON EXPRESS REEFER 1983 FOSEN 5,864 $3.60mNORWEGIAN
BUYERSNORWAY
SELLERS ARE GREEN
MANAGEMENT AS,
NORWAY. INTERNAL
DEAL
8119572
SIROCCO MPP 1997JIANGXI
JIANGZHOU S5,196 2x40T, 366 TEU $2.70m
UNDISCLOSED
BUYERS‐
SELLERS ARE CONBULK
SHIPPING SA, GREECE9126716
KANO II RORO 1978 FREDERIKSHAVN 4,400 $3.00mUNDISCLOSED
BUYERS‐
EURO 2.1MIL ‐ SELLERS
ARE HAKVOORT
TRANSPORT SHIPPING,
NETHERLANDS
7637319
NEPTUNE HELLAS RORO 1979IMABARI
MARUGAME3,280 P&C TERMS
JORDANIAN
BUYERS‐
SELLERS ARE NEPTUNE
SHIPPING AGENCIES SA,
GREECE7903029
THOR FALCON MPP 1992 ESBJERG OILFIELD 2,784 2x50T P&C TERMSUNDISCLOSED
BUYERS‐
SELLERS ARE THOR
REDERI A/S NORWAY9032977
NOORDHOEK
SINGAPOREOTHER 1977
WAAL
ZALTBOMMEL BV2,270 6082 BHP P&C TERMS
UNDISCLOSED
BUYERS‐
SELLERS ARE
NOORDHOEK SHIPPING
BV NETHERLANDS7606308
KANO RORO 1972 SCHULTE & BRUNS 2,120 $3.00mUNDISCLOSED
BUYERS‐
EURO 2.1MIL‐ SELLERS
ARE VIVAL MARINE LTD,
UKRAINE7236139
ADRIANE MPP 1970 BAYERISCHE 1,307 P&C TERMSISLAND FLAG
SHIPPINGDUBAI
SELLERS ARE BJERRUM &
JENSEN DENMARK7001364
TEMASEK SEPINGGAN TUG 2002PAN‐UNITED
SHIPYARD1,300 $10.00m
UNDISCLOSED
BUYERS‐
AHTS. SELLERS ARE
CHUAN HUP AGENCIES
PTE, SINGAPORE9246255
$6.00m INDIAN BUYERS INDIA
SOLD ENBLOC CIC BELEM
AND ARTNE TO INDIAN
INTERESTS FOR $6m FOR
BOTH UNITS. SELLERS
ARE CLIPPER PROJECT
SHIP MANAGEMENT
DENMARK
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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ILHA AZUL RORO 1980 BARRERAS 1,188 P&C TERMSCAPE VERDE
BUYERSCAPE VERDE
SELLERS ARE
TRANSMACOR,
PORTUGAL7825980
KATRINE KROG MPP 1969 FREDERIKSHAVN 1,170 D2X5T P&C TERMSCARIBBEAN BASED
BUYERSCARIBBEAN
SELLERS ARE HELGE
PEDERSEN DENMARK6922779
NORTIC MPP 1969 FREDERIKSHAVN 1,036 D1X5T P&C TERMSUNDISCLOSED
BUYERS‐
SELLERS ARE C J HELT &
CO DENMARK6924404
MAGOSA RORO 1974 LORENZO 87248 TEU, 24
TRAILERS, 514 LM$0.70m CYPRUS BUYERS CYPRUS OTHER REPS SAY $0.8m 7363918
MENTOR TUG 1993 MCTAY BROMBOR 121 P&C TERMS GREEK BUYERS GREECESELLERS ARE MARINE
CARRIER AB, SWEDEN9061722
Note1: With Red color are indicated all Greek interest Buyers or Sellers
COUNTRY BUILT BC %
JAPAN 323 57%
CHINA 130 23%
KOREA 68 12%
BRAZIL 9 2%
DENMARK 5 1%
POLAND 5 1%
SPAIN 3 1%
ITALY 5 1%
NORWAY 3 1%
GERMANY 3 1%
UK 3 1%
UKRAINE 2 0%
YUGOSLAVIA 2 0%
ROMANIA 1 0%
PHILIPPINES 1 0%
SINGAPORE 1 0%
CROATIA 1 0%
INDIA 1 0%
BULGARIA 2 0%
RUSSIA 1 0%
USSR 1 0%
TOTAL 570 100%
COUNTRY BUILT CONT %
GERMANY 44 28%
JAPAN 32 20%
KOREA 28 18%
CHINA 25 16%
POLAND 13 8%
PHILIPPINES 4 3%
TURKEY 3 2%
DENMARK 3 2%
ROMANIA 3 2%
NETHERLANDS 2 1%
ARGENTINA 1 1%
CROATIA 1 1%
Grand Total 159 100%
BC - SOLD IN 2010 (BY COUNTRY OF BUILD)323
130
68
9 5 5 3 5 30
50
100
150
200
250
300
350
JAPAN CHINA KOREA BRAZIL DENMARK POLAND SPAIN ITALY NORWAY
BC
CONTAINER SHIPS - SOLD IN 2010 (BY COUNTRY OF BUILD)44
32
2825
13
4 3 3 3
0
5
10
15
20
25
30
35
40
45
50
GERMANY JAPAN KOREA CHINA POLAND PHILIPPINES TURKEY DENMARK ROMANIA
CONT
N. COTZIAS SHIPPING CO. LTD.7-9 AKTI MIAOULI - 185 35 PIRAEUS TEL:+30 210 4222660/5 FAX:+30 210 4222678/9
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DRY CARGO 2ND HAND MARKET STATISTICS
country units %
2010 UNITS OUTLAY$ DWT GREECE 161 17.67%
JANUARY 84 $1,297.44m 3,952,288 GERMANY 106 11.64%
FEBRUARY 82 $1,383.07m 3,896,685 CHINA 95 10.43%
MARCH 161 $3,532.12m 7,367,241 JAPAN 91 9.99%
APRIL 71 $1,087.61m 3,404,042 SINGAPORE 46 5.05%
MAY 72 $1,104.90m 3,048,860 FRANCE 40 4.39%
JUNE 79 $1,957.37m 4,042,023 DENMARK 34 3.73%
JULY 56 $1,248.85m 2,270,439 USA 27 2.96%
AUGUST 61 $995.55m 2,096,807 TURKEY 27 2.96%
SEPTEMBER 73 $1,181.40m 2,981,538 ITALY 26 2.85%
OCTOBER 91 $1,724.28m 3,992,317 KOREA 26 2.85%
NOVEMBER 81 $1,391.34m 3,816,394 NORWAY 24 2.63%
DECEMBER 0 $0.00m 0 UK 23 2.52%
TOTAL 911 $16,903.93m 40,868,634 THAILAND 14 1.54%
VIETNAM 12 1.32%
CYPRUS 11 1.21%
COUNTRY UNITS % OUTLAY ($) % DWT % PHILIPPINES 11 1.21%
GREECE 221 24.26% $5,415 32.03% 11,660,994 28.53% INDIA 9 0.99%
CHINA 169 18.55% $2,608 15.43% 11,324,499 27.71% ALL OTHER 109 11.96%
TURKEY 39 4.28% $267 1.58% 694,388 1.70% UNDISCL 19 2.09%
USA 33 3.62% $1,513 8.95% 693,522 1.70% TOTAL 911 100.00%
GERMANY 33 3.62% $630 3.73% 1,370,434 3.35%
NORWAY 29 3.18% $757 4.48% 1,209,404 2.96%
INDIA 22 2.41% $490 2.90% 1,200,358 2.94%
INDONESIA 21 2.31% $290 1.71% 860,691 2.11%
KOREA 20 2.20% $404 2.39% 835,527 2.04%
VIETNAM 16 1.76% $283 1.67% 416,037 1.02%
SINGAPORE 14 1.54% $247 1.46% 718,392 1.76%
RUSSIA 13 1.43% $164 0.97% 308,722 0.76%
SYRIA 12 1.32% $38 0.23% 226,214 0.55%
ISRAEL 9 0.99% $123 0.73% 425,533 1.04%
UNDISCL 136 14.93% $1,767 10.45% 5,086,753 12.45%
ALLOTHER 124 13.61% $2,032 12.02% 4,262,699 10.43%
TOTAL 911 100.00% $16,904 100.00% 40,868,634 100.00%
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 50 0 10 11 0 0 0 6 4 81
DECEMBER 0 0 0 0 0 0 0 0 0 0
TOTAL 570 0 159 84 1 0 0 38 59 911
BUYERS ‐ During Nov we saw the S&P market keeping up on the
momentum of last month, with Greek buyers being the most
active and they increased further the lead over their Chinese
counterparts!!! As of today Greeks have acquired 12 more units
this month and have a total of 221 units (209 last) and are as
always topping the table. In Nov 2010, China acquired only 9
more units and have purchased 169 units in total (160 last) and
are left 2nd for more than 6 months now, while Greek Buyers are
always growing on the lead. Turkish buyers are 3rd with 39 units
(37 last) with USA and German based buyers sharing 4th with
both having bought 33 units. In 5th place are the Norwegian
buyers with 29 units. Indian buyers have added 1.2million
tonnes of Carrying capacity with their 22 purchases.
spent with 40.7 mil tones of dwt being exchanged. For the
equivalent 2009 period of 11 month period Jan‐Nov for 2009
showed 948 deals (37 more ships), 12bill usd (5 bil less), and
39.6mil tones (1 mil tones less although we report more ships
being sold). This shows on a comparative basis that less ships
that cost more and are larger in average size have been traded in
the secondhand market during 2010 as compared to the buying
trends of 2009. Focusing on bulkers sold in 2009 we had 668
ships of 57900dwt average $17mil avg price per ship and 16.4
years av age. In 2010 we have 570 ships 60500dwt avg, $26mil
av price and 12.6y av age.
MONTHLY UNIT SALE ACTIVITY
2010 DRY CARGO STATISTICS ‐ BUYERS
Although the market is surrounded by uncertainty and the ships
prices are considered to be holding on strongly despite the
falling freight markets, Sale and Purchase activity is rather
sstrong. 81 deals were performed this month and that is 10
deals less than Oct when we had a surge of activity. 1.4 bil usd
was used up to finance these 81 deals this month, while 3.8mil
tones of deadweight changed hands. In total with 1 month to go
to complete the year, we see a total of 911 ships being sold with
17bil usd
DRY CARGO UNITS SOLD ‐ BREAKDOWN PER MONTH 2010
SELLERS STATS 2010
SELLERS ‐ Greek sellers are still increasing their lead in the sale
stats table. Greeks are 1st with 161 units (145 last) while
German sellers are always 2nd with 106 units (99 last), Chinese
sellers are firmly 3rd with 95 units (87 last) and Japanese sellers
4th with 91 units (83 last).
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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CHANGE
FROM 30/11/2009
NB CAPESIZE $51.0 $67.0 $65.0 ‐3%NB PANAMAX $36.0 $41.5 $44.0 6%NB HANDYMAX $28.0 $34.0 $35.0 3%NB HANDYSIZE $24.0 $26.5 $29.0 9%
CHANGE
FROM 30/11/2009
5y CAPESIZE $48.0 $50.0 $56.0 12%5y PANAMAX $27.0 $32.5 $39.0 20%5y HANDYMAX $25.0 $26.7 $30.0 12%5y HANDYSIZE $19.0 $21.0 $25.5 21%
CHANGE
FROM 30/11/2009
10y CAPESIZE $37.0 $42.1 $43.0 2%10y PANAMAX $21.0 $26.1 $32.0 23%10y HANDYMAX $17.0 $20.2 $25.0 24%10y HANDYSIZE $15.0 $15.0 $19.0 27%
CHANGE
FROM 30/11/2009
10y CAPESIZE $27.0 $27.0 $24.7 ‐9%10y PANAMAX $14.0 $23.0 $21.8 ‐5%10y HANDYMAX $12.0 $17.0 $19.0 12%10y HANDYSIZE $9.0 $12.0 $14.8 23%
CHANGE
FROM 30/11/2009
20y CAPESIZE $22.0 $19.0 $19.0 0%20y PANAMAX $7.5 $11.3 $17.0 50%20y HANDYMAX $6.4 $9.9 $13.0 31%20y HANDYSIZE $5.4 $9.1 $9.8 8%
In the table on the top we see monthly number of dry cargo ships sold as of NOVEMBER 2010,
compared to 2009's monthly activity.
In the table on the top we see the MONTHLY dry cargo capital expenditure for NOVEMBER 2010
compared to 2009's monthly activity.
30/11/10
TYPE 30/11/09
30/11/0930/11/08TYPE
TYPE
30/11/08
30/11/10
30/11/08
30/11/10TYPE 30/11/08
30/11/09
Tables above compare prices from NOVEMBER 2008, NOVEMBER 2009, with today
30/11/10
1990 built (20Y) OLD BULKERS PRICE COMPARISON
30/11/09
2000 built (10Y) OLD BULKERS PRICE COMPARISON
NB BULKERS PRICE COMPARISON
30/11/10
30/11/08
2005 built (5Y) OLD BULKERS PRICE COMPARISON
1995 built (15Y) OLD BULKERS PRICE COMPARISON
30/11/09
TYPE
Dry cargo units sold 2010 vs 2009
5972
100
75
109 108
71
104 100
80
161
61
8193
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
$1,391
$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
May
-00
Nov-00
May
-01
Nov-01
May
-02
Nov-02
May
-03
Nov-03
May
-04
Nov-04
May
-05
Nov-05
May
-06
Nov-06
May
-07
Nov-07
May
-08
Nov-08
May
-09
Nov-09
May
-10
Nov-10
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
May
-00
Nov-00
May
-01
Nov-01
May
-02
Nov-02
May
-03
Nov-03
May
-04
Nov-04
May
-05
Nov-05
May
-06
Nov-06
May
-07
Nov-07
May
-08
Nov-08
May
-09
Nov-09
May
-10
Nov-10
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
May
-00
Nov-00
May
-01
Nov-01
May
-02
Nov-02
May
-03
Nov-03
May
-04
Nov-04
May
-05
Nov-05
May
-06
Nov-06
May
-07
Nov-07
May
-08
Nov-08
May
-09
Nov-09
May
-10
Nov-10
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
May
-00
Nov-00
May
-01
Nov-01
May
-02
Nov-02
May
-03
Nov-03
May
-04
Nov-04
May
-05
Nov-05
May
-06
Nov-06
May
-07
Nov-07
May
-08
Nov-08
May
-09
Nov-09
May
-10
Nov-10
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
May
-00
Nov-00
May
-01
Nov-01
May
-02
Nov-02
May
-03
Nov-03
May
-04
Nov-04
May
-05
Nov-05
May
-06
Nov-06
May
-07
Nov-07
May
-08
Nov-08
May
-09
Nov-09
May
-10
Nov-10
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]
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2010
NAME TYPE YEAR BUILT DWT PRICE PRICE NOTEBUYERS
NAME
BUYERS
NATIONNOTES IMO
PACIFIC LAGOON TANKER 1999MITSUBISHI
NAGASAKI305,839 $55.00m
GRAND CHINA
SHIPPINGCHINA
SELLERS ARE TANKERS
(UK) AGENCIES LTD, UK9166754
ALPHARD STAR TANKER 1995 ODENSE LINDO 301,862 $27.00m 9050589
SUHAIL STAR TANKER 1994 ODENSE LINDO 301,862 $27.00m 9050565
TULIN TANKER 1992 MITSUI CHIBA 281,018 $16.50m WORLD CARRIERS GREECESELLERS ARE ALTOMARE
GREECE9007520
SAMSUNG RESALE H1913 TANKER 2011 SAMSUNG 158,000 $70.00m 9586722
SAMSUNG RESALE H1914 TANKER 2011 SAMSUNG 158,000 $70.00m 9586734
SAMSUNG RESALE H1928 TANKER 2011 SAMSUNG 158,000 $70.00m 9589748
SAMSUNG RESALE H1929 TANKER 2011 SAMSUNG 158,000 $70.00m 9589750
PB EAGLE TANKER 1992IMABARI
MARUGAME97,161 $18.50m
WEST COAST
MARINEGREECE
SELLERS ARE BARBER
SHIP MANAGEMENT,
HONG KONG, CHINA.
INCLUDES A T/C TILL
JUNE 2011 AT
$16800/DAY
9034925
SUNGDONG RESALE 1 TANKER 2011 SUNGDONG 75,000 $41.40m ‐
SUNGDONG RESALE 2 TANKER 2011 SUNGDONG 75,000 $41.40m ‐
SAGAMORE TANKER 1991 NAMURA IMARI 68,536 $7.40mUNDISCLOSED
BUYERS
SELLERS ARE B& H
EQUIMAR SINGAPORE
PTE, SINGAPORE
9002192
THETIS GLORY GAS 2008DAEWOO
SHIPBUILDING54,789 9364394
IRIS GLORY GAS 2008DAEWOO
SHIPBUILDING54,707 9364382
VENUS GLORY GAS 2008DAEWOO
SHIPBUILDING54,474 9393682
JOYAMA GAS 1986 MITSUBISHI HEAVY 49,999 $10.00mUNDISCLOSED
BUYERS
GAS TANKER. SELLERS
ARE SHINWA MARINE
CORP, JAPAN
8406054
SLS RESALE 496 TANKER 2010 SLS SHIPBUILDING 49,700 $38.00m EGYPTIAN BUYERS EGYPT
ON SUBJECTS ‐ SELLERS
ARE WORLD TANKERS
MANAGEMENT
SINGAPORE
9399612
NOTO GLORIA GAS 1992 KAWASAKI HEAVY 49,412 $15.00mBANGKOK BASED
BUYERS
GAS TANKER. SELLERS
ARE THE SANKO
STEAMSHIP CO, JAPAN
9006679
SUNWAY GAS 1991MITSUBISHI
NAGASAKI48,980 $14.00m 78746 CBM PETREDEC LIMITED BERMUDA
LPG. SELLERS ARE
NISSHO SHIPPING CO
LTD, JAPAN.
8910720
TRUST RUNNER TANKER 1992 HALLA INCHON 47,059 $8.00mUNDISCLOSED
BUYERS
SELLERS ARE TRUSTOIL
TANKERS GREECE8913631
MOUNT OLYMPUS TANKER 2003 SAIKI JUKOGYO 39,997 $24.50mSOLD ENBLOC
WITH MOUNT
MCKINNEY. IMO III
UNDISCLOSED
BUYERS‐
SELLERS ARE DONNELLY
TANKER MANAGEMENT
CYPRUS. SUBJECT TO
INSPECTION
9260081
MOUNT MCKINNEY TANKER 2004 SAIKI JUKOGYO 39,997 $25.00mSOLD ENBLOC
WITH MOUNT
OLYMPUS. IMO III
UNDISCLOSED
BUYERS‐
SELLERS ARE DONNELLY
TANKER MANAGEMENT
CYPRUS. SUBJECT TO
INSPECTION
9263174
BOW FAVOUR TANKER 2001 KLEVEN FLORO 37,467 9214305
BOW CENTURY TANKER 2000 KVAERNER FLORO 37,438 9168647
STOLT GLORY TANKER 2005 SHIN KURUSHIMA 33,302 9311012
STOLT STRENGTH TANKER 2005 SHIN KURUSHIMA 33,209 9311024
GOLDEN LEGEND TANKER 2009KURINOURA
YAWATAHAMA23,432 9511167
GOLDEN IVY TANKER 2008KURINOURA
YAWATAHAMA23,324 9459539
GOLDEN CHARLOTTE TANKER 2006 FUKUOKA 19,717 9345908
STOLT NANAMI TANKER 2003 KITANIHON 19,932 $22.50m MTMM SINGAPORESELLERS ARE STOLT
TANKERS BV
NETHERLANDS
9279111
CHEM TAURUS TANKER 2000 SHIN KURUSHIMA 19,399 $15.00mUNDISCLOSED
BUYERS
SELLERS ARE MARUTA
INDUSTRIES CO LTD,
JAPAN
9204805
CHEMTRANS
CHRISTIANGAS 1990 BRAND 9,490 PARNA RAYA INDONESIA
LPG. SELLERS ARE
CHEMIKALIEN
SEETRANSPORT GMBH,
GERMANY
8902747
SOLD ENBLOC TO
NAVIOS FOR
$41.4m FOR EACH
UNIT DELIVERY 4Q
2011
NAVIOS GREECE
SOLD ENBLOC TO
NAVIOS FOR $41.4m FOR
EACH UNIT DELIVERY 4Q
2011
GAS 18,436 BHP. SOLD
EN BLOC FOR $72m FOR
ALL THREE UNITS.
SELLERS ARE NORTHERN
MARINE MANAGEMENT
LTD, UK. BUYERS
AVANCE GAS
NORWAY(STOLT‐
NIELSEN LIMITED THAT
ITS SUBSIDIARY STOLT‐
NIELSEN GAS LTD HAS
REACHED AN
AGREEMENT WITH
SUNGAS HOLDINGS LTD
UNDER WHICH SUNGAS
WILL BECOME A 50%
SHAREHOLDER IN
$255.00mSOLD ENBLOC FOR
$255m FOR ALL 7
UNITS TO STOLT
STOLT NIELSEN NORWAY
SOLD ENBLOC FOR
$255m FOR ALL 7 UNITS
TO STOLT. SELLERS ARE
ODFJELL MANAGEMENT
AS NORWAY
$72.00m
SOLD ENBLOC
THETIS GLORY, IRIS
GLORY AND VENUS
GLORY FOR $72m
FOR ALL THREE
UNITS
CLIENTS OF
AVANCE GASNORWAY
SOLD ENBLOC FOR ABT
$27m EACH UNIT.
SELLERS ARE VELA
INTERNATIONAL
MARINE UAE. SOLD FOR
CONVERSION
SOLD ENBLOC FOR
$280m FOR ALL 4
UNITS TO APOLLO
TANKERS USA
APOLLO TANKERS USA
ENBLOC SAMSUNG 1913,
SAMSUNG 1914,
SAMSUNG 1928,
SAMSUNG 1929 FOR
$280 MIL ALL 4 UNITS ‐
SELLERS ARE TARGET
MARINE SA GREECE
SOLD ENBLOC FOR
ABT $27m EACH
UNIT
OGX PETROLEUM BRAZIL
TANKER SHIPS SOLD DURING THIS MONTH NOVEMBER
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SOUTHERN ORCHIS TANKER 1999 ASAKAWA 8,336 $8.00m ST ST KOREAN BUYERS KOREASELLERS ARE SANSHO
KAIUN CO LTD JAPAN9194804
GOLDEN EMERALD TANKER 2008ZHENJIANG SOPO
SHIPREPAIRS6,436 $6.00m GREEK BUYERS GREECE
SELLERS ARE FIRST
SHIPPING CO LTD,
KOREA. SOLD AT
AUCTION
9405772
FORTH BRIDGE TANKER 1992 COCHRANE SELBY 5,800 $2.00mUNDISCLOSED
BUYERS
SELLERS ARE ANGLO‐
EASTERN
SHIPMANAGEMENT,
SINGAPORE.
9041136
HERMIEN TANKER 2005MARMARA
YARIMCI4,836 $7.30m GREEK BUYERS GREECE
SELLERS ARE UNIVAN
SHIP MANAGEMENT HK
CHINA. ASPHALT
TANKER.
9291573
TRANS SUND TANKER 1991 AARHUS FLYDEDOK 4,794 89155348
TRANS VIK TANKER 1991 AARHUS FLYDEDOK 4,739 8915550
SAN GIORGIO TANKER 1997 SOUTHERN OCEAN 4,660 $5.00mSAUDI ARABIAN
BUYERSSAUDI ARABIA
SELLERS ARE
PETROLMAR SPA, ITALY9144184
LADY BARBARA GAS 1990 KYOKUYO ZOSEN 3,983 $3.50mUNDISCLOSED
BUYERS
LPG ‐SELLERS ARE STAR
MANAGEMENT
ASSOCIATES, JAPAN
8908246
ORIENTAL SKY GAS 1995 SHITANOE 3,235 $5.20m DUCKYANG KOREALPG ‐ SELLERS ARE EBISU
KISEN JAPAN9128881
KINNA GAS 1989 HANJIN 3,231 $3.20m LUCKY MARINE KOREA
LPG ‐ SELLERS ARE STAR
MANAGEMENT
ASSOCIATES, JAPAN.
VESSEL WAS REPORTED
SOLD IN APRIL 2008 AT
$7m
8717934
Note1: With Red color are indicated all Greek interest Buyers or Sellers
TANKER 2ND HAND MARKET STATISTICS
COUNTRY UNITS %
2010 UNITS OUTLAY$ DWT GREECE 77 19.54%
JANUARY 57 $1,096.58m 3,446,410 JAPAN 55 13.96%
FEBRUARY 33 $691.20m 2,470,891 SINGAPORE 32 8.12%
MARCH 37 $608.05m 2,798,832 CHINA 25 6.35%
APRIL 37 $1,085.30m 2,768,206 KOREA 21 5.33%
MAY 45 $1,729.10m 5,133,688 NORWAY 19 4.82%
JUNE 17 $578.62m 1,607,662 TURKEY 18 4.57%
JULY 22 $831.15m 3,225,816 GERMANY 17 4.31%
AUGUST 34 $735.65m 1,972,639 UAE 17 4.31%
SEPTEMBER 26 $749.95m 2,203,927 UK 14 3.55%
OCTOBER 44 $790.11m 4,195,478 ITALY 14 3.55%
NOVEMBER 42 $1,064.40m 2,934,152 USA 13 3.30%
DECEMBER 0 $0.00m 0 CYPRUS 12 3.05%
TOTAL 394 $9,960.10m 32,757,701 CANADA 8 2.03%
TAIWAN 5 1.27%
DENMARK 5 1.27%
COUNTRY UNITS OUTLAY ($) % DWT % MALAYSIA 5 1.27%
GREECE 60 $2,883 28.94% 8,319,759 25.40% RUSSIA 3 0.76%
NORWAY 31 $951 9.55% 2,004,652 6.12% ALL OTHER 30 7.61%
USA 28 $1,507 15.13% 3,084,132 9.41% UNDISCL 4 1.02%
CHINA 20 $386 3.88% 1,787,689 5.46% TOTAL 394 100.00%
INDONESIA 18 $184 1.85% 695,712 2.12%
UAE 12 $357 3.58% 524,564 1.60%
INDIA 12 $252 2.53% 1,676,928 5.12%
SINGAPORE 11 $152 1.53% 708,856 2.16%
KOREA 10 $84 0.84% 628,025 1.92%
FAR EAST 9 $71 0.71% 844,140 2.58%
BRAZIL 8 $187 1.87% 2,391,026 7.30%
DENMARK 7 $184 1.85% 289,092 0.88%
NIGERIA 6 $23 0.23% 147,921 0.45%
UNDISCL 73 $1,125 11.29% 5,014,273 15.31%
ALL OTHER 89 $1,616 16.22% 4,640,932 14.17%
TOTAL 394 $9,960 100.00% 32,757,701 100.00%
performed. It is for sure that the markets have been assisted by the
banks that resumed with all restraints though to assist in ship finance.
Another strong month in terms of Sale and Purchase activity both in
number of ships sold and also in terms of money spent. The tanker
markets are recovering and overall both the producty and crude
markets show a steady recovery outlook and that should not take
anyone by surprise as the cold winter presently experienced in
Northern Europe and Asia has resulted in the seasonal demand to
bring some smiles on the lips of shipowners
operating ships transporting petroleum products. Will this be just a
seasonal increase that will be shortlived or may we expect more
interest to develop in 2011? We believe that until alternative energy
sources are developed further the dependency on crude oil will
remain strong, and growing possible demand within their GDP growth
rates of China and India will result in a surge in demand for oil
products. The question is if OPEC can increase the production to meet
the positive expectations. Comparing the sales of Tankers in 2010 we
see that 358 tanekrs ships of a total of 31.7mil tones and 9.5bil value
h h d h d h i hi f il d d $
SOLD ENBLOC FOR $11m
FOR BOTH UNITS.
SELLERS ARE SEATRANS
AS, NORWAY
$11.00m
SOLD ENBLOC
TRANS VIK AND
TRANS SUND FOR
ABT $11 m FOR
BOTH UNITS TO
GAZPROM
GAZPROM RUSSIA
Japanese sellers are well in 2nd
place with 55 units (44 last), while
Singapore sellers are always 3rd
with 32 units (29 last) and Chinese
sellers are 4th unchanged for 4th
month with 25 ships, (all data is
ships sold during the period Jan‐
Nov 2010)
SELLERS STATS 2010
2010 TANKER buyer STATISTICS
SELLERS ‐ Table on the RIGHT shows the nationality of the Sellers.
Greek Sellers sold 6 more units in NOV 2010 and are in number one
position seling‐off 77 units (77 last).
BUYERS ‐ Greek buyers are firmly leading the tanker buyers league. After a quiet
September Greeks have acquired 6 more tankers this month and tally a total of 60units
(54 last) of 8.3million DWT carrying capacity, and have forked out a massive $2.9billion
USD. Norwegian based buyers are now placed in 2nd place with 31 units (24 last), and
we have USA bueyrs moving 3rd this month totalling 28 units, with Chinese 4th with 20
units. Indonesian buyers are 5th with 18 units of low value and small total carrying
capacity.
MONTHLY UNIT SALE ACTIVITY
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 NOVEMBER 2010
2010 VLCC & ULCC SUEZMAXAFRAMAX
110K
PANAMAX
70KPROD 45K < 40,000 OBO LPG & LNG TOTAL
JANUARY 3 6 4 2 14 20 1 7 57FEBRUARY 3 0 7 5 8 10 0 0 33MARCH 5 1 5 0 2 21 0 3 37APRIL 4 2 4 4 8 10 0 5 37MAY 9 8 4 2 8 13 0 1 45JUNE 2 4 2 1 1 4 0 3 17JULY 9 0 3 0 3 6 0 1 22
AUGUST 2 0 4 4 8 14 0 2 34SEPTEMBER 2 1 7 3 9 4 0 0 26OCTOBER 9 1 6 1 10 14 0 3 44NOVEMBER 4 4 1 3 2 18 0 10 42DECEMBER 0 0 0 0 0 0 0 0 0
TOTAL 52 27 47 25 73 134 1 35 394
CHANGE
FROM 30/11/2009
VLCC $118.0 $97.0 $110.0 13%SUEZMAX $93.0 $68.0 $70.0 3%AFRAMAX $75.0 $49.0 $59.0 20%PANAMAX $60.0 $41.0 $45.0 10%MR PROD $52.0 $33.0 $38.0 15%
CHANGE
FROM 30/11/2009
VLCC $154.0 $77.0 $86.0 12%SUEZMAX $98.0 $60.0 $60.0 0%AFRAMAX $72.0 $39.0 $47.4 22%PANAMAX $56.0 $34.0 $35.0 3%MR PROD $50.0 $24.0 $29.0 21%
CHANGE
FROM 30/11/2009
VLCC $115.0 $59.0 $62.0 5%SUEZMAX $75.5 $43.0 $43.0 0%AFRAMAX $56.0 $30.0 $34.0 13%PANAMAX $46.0 $24.0 $22.0 ‐8%MR PROD $39.0 $19.3 $18.0 ‐7%
CHANGE
FROM 30/11/2009
VLCC $60.0 $38.5 $39.0 1%SUEZMAX $43.0 $23.0 $24.0 4%AFRAMAX $32.0 $13.0 $16.3 25%PANAMAX $24.0 $12.0 $15.9 33%MR PROD $21.0 $9.0 $12.9 43%
CHANGE
FROM 30/11/2009
VLCC $32.0 $17.0 $16.0 ‐6%SUEZMAX $26.0 $12.8 $12.5 ‐2%AFRAMAX $17.0 $9.1 $9.0 ‐1%PANAMAX $14.0 $6.2 $7.0 13%MR PROD $11.0 $4.5 $4.5 0%
1990 built (20Y old) TANKERS PRICE COMPARISON
In the table on the top we see monthly number of tanker ships sold as of NOVEMBER 2010,
compared to 2009's monthly activity.
30/11/10
TYPE
30/11/10
TYPE
2000 built (10Y old) TANKERS PRICE COMPARISON
30/11/08
30/11/1030/11/08
30/11/09 30/11/10
TANKER UNITS SOLD ‐ BREAKDOWN PER SIZE AND MONTH 2010
30/11/09
30/11/09
NB TANKERS PRICE COMPARISON
TYPE
30/11/08
Tables above compare prices from NOVEMBER 2008, NOVEMBER 2009, with today
In the table on the top we see the MONTHLY tanker capital expenditure for NOVEMBER 2010 compared
to 2009's monthly activity.
30/11/09 30/11/10
1995 built (15Y old) TANKERS PRICE COMPARISON
TYPE 30/11/08 30/11/09
2005 built (5Y old) TANKERS PRICE COMPARISON
TYPE 30/11/08
NEWBUILDING TANKER PRICES 2000 - 2010
$24
$74
$124
$174
Nov-00
May
-01
Nov-01
May
-02
Nov-02
May
-03
Nov-03
May
-04
Nov-04
May
-05
Nov-05
May
-06
Nov-06
May
-07
Nov-07
May
-08
Nov-08
May
-09
Nov-09
May
-10
Nov-10
VLCC 300K
SUEZ 150K
AFRA 110K
PANAMAX 70K
PROD 45K
5 YEAR OLD TANKER PRICES 2000 - 2010
$20
$70
$120
Nov-00
May
-01
Nov-01
May
-02
Nov-02
May
-03
Nov-03
May
-04
Nov-04
May
-05
Nov-05
May
-06
Nov-06
May
-07
Nov-07
May
-08
Nov-08
May
-09
Nov-09
May
-10
Nov-10
VLCC 300K
SUEZ 150K
AFRA 110K
PANAMAX 70K
PROD 45K
Tanker units sold 2010 vs 2009
16
3734
42
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
$1,064
$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
$50
$100
$150
Nov-00
May
-01
Nov-01
May
-02
Nov-02
May
-03
Nov-03
May
-04
Nov-04
May
-05
Nov-05
May
-06
Nov-06
May
-07
Nov-07
May
-08
Nov-08
May
-09
Nov-09
May
-10
Nov-10
VLCC 300K
SUEZ 150K
AFRA 110K
PANAMAX 70K
PROD 45K
15 YEAR OLD TANKER PRICES 2000 - 2010
$0$20$40$60$80
$100$120
Nov-00
May
-01
Nov-01
May
-02
Nov-02
May
-03
Nov-03
May
-04
Nov-04
May
-05
Nov-05
May
-06
Nov-06
May
-07
Nov-07
May
-08
Nov-08
May
-09
Nov-09
May
-10
Nov-10
VLCC 300K
SUEZ 150K
AFRA 110K
PANAMAX 70K
PROD 45K
20 YEAR OLD TANKER PRICES 2000 - 2010
$0
$10
$20
$30
$40
$50
Nov-00
May
-01
Nov-01
May
-02
Nov-02
May
-03
Nov-03
May
-04
Nov-04
May
-05
Nov-05
May
-06
Nov-06
May
-07
Nov-07
May
-08
Nov-08
May
-09
Nov-09
May
-10
Nov-10
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 10 of [email protected], [email protected]
www.cotzias.gr – visit our constantly updated website NOVEMBER 2010
NEWBUILDING ORDERS NOVEMBER 2010UNITS TYPE TONNAGE YEAR PRICE
2 BC 300,000 2012‐13
2 BC 300,000 2012‐13
2 BC 207,000 2012 $63.5
1 BC 205,000 2012
1 BC 180,000 2012 $60.0
5 BC 180,000 2012
4 BC 180,000 2012 $54.0
2 BC 180,000 2012‐13
4 BC 180,000 2012 $53.1
2 BC 107,600 2013
2 BC 105,700 2014
3 BC 95,000 2014‐15 $40.0
2 BC 82,000 2012 $37.0
1 BC 82,000 2012‐13 $34.5
1 BC 82,000 2012 $36.0
1 BC 82,000 2011 $34.0
2 BC 82,000 2012 $37.0
2 BC 81,700 2012 $34.0
2 BC 81,200 2012
2 BC 81,200 2012
1 BC 81,200 2012
1 BC 76,000 $29.5
1 BC 75,000 2012
2 BC 75,000 2013 $38.0
4 BC 75,000 2012 $37.0
5 BC 70,000 2012‐13
2 BC 59,800 2012
4 BC 58,000 2013 $32.8
2 BC 57,300 2013
3 BC 57,000 2012‐13 $29.0
2 BC 57,000 2013
5 BC 57,000 2012‐13
4 BC 55,800 2012‐13
2 BC 37,200 2013
1 BC 37,000 2013
6 BC 37,000 2013
2 BC 35,000 2012 $26.0
2 BC 35,000 2013 $26.0
2 BC 35,000 2011
6 BC 35,000 2012‐13 $25.5
1 BC 29,100 2012
1 BC 23,000 2011
2 BC 11,000 2012
3 CONT 85,000 2012‐13 $81.5
4 CONT 56,500 2013 $50.0
2 CONT 56,000 2012 $52.0
4 CONT 55,000 2012‐13 $51.0
4 CONT 50,000 2013 $50.0
NYK LINE
HYUNDAI MERCHANT MARINE
OPTION 2 MORE
COBELFRET
HANZEVAST CAPITAL B.V.
PACIFIC BASIN
ESSBERGER
NAKANISHI KIKAI
UNDISCLOSED PRICE
JINHAI HI
SHANGHAI JIANGNAN
CHANGXING
BEIBU GULF SHIPPING
HAIBAO SHIPPING
WUCHANG
QINGDAO BEIHAI
WUCHANG
DALIAN SHIPBUILDING
SAFE BULKERS
DALNAVE NAV.
SUNGDONG
SHANGHAI SHIPYARD
HANJIN SUBIC BAY
HAKATA
JSC SHIPYARD LOTOS‐RUSSIA
STX SHIPBUILDING
HANJIN SUBIC BAY
ZHEJIANG YANGFAN
QIDONG DAOLA
JIANGMEN NANYANG
YANGZHOU NAKANISHI
ZHEJIANG OUHUA
ONOMICHI
ONOMICHI
ZHEJIANG YANGFAN
COSCO DALIAN SHIPYARD
MINAMI NIPPON
TIANJIN XINGANG
HYUNDAI MIPO
ZHEJIANG ZENGHE
JIANGNAN SHIPYARD
HYUNDAI MIPO
HYUNDAI MIPO
OSHIMA
HYUNDAI VINASHIN
TSUNEISHI ZHOUSAN
STX DALIAN
RELIANCE POWER
CSDC
HAIBAO SHIPPING
CHINA SHIPPING TRAMP
MITSUI OSK LINES
KAWASAKI KISEN (JAPAN)
NOTESBUYER’S NAME
GUANGXI BEIBU GULF
YARD
NYK LINE
MOL
MITSUI OSK
GOLDEN FLAME SHIPPING
UNIVERSAL SHIPBUILDING
UNIVERSAL SHIPBUILDING ORE CARRIER
AKMAR SHIPPING & TRADING
FIRST STEAMSHIP
TRANSOCEAN MONACO
JAPANESE
DENZA DENIZCILIK OPTION 1 MORE. GEARLESS
GEARLESS
BEIBU GULF SHIPPING
FAR EAST SHIPPING CO (JAPAN)
ORIENT MARINE CO
PACIFIC BASIN
HELIKON SHPG ENT
DONGGUAN HAICHANG SHIPPING
CHINA
CHINA SHIPPING DEVELOPMENT
SOVCOMFLOT
NOVOSHIP
FUKUSEI SANGYO JPN
WESTERN SHPG CO
SHIPPING CORPORATION OF INDIA
DELPHIS
GOLDENPORT
NILE DUTCH AFRICA LIVE
DELPHIS NV BULGARIA
OPTION 2 MORE
EXCESS $37m
OPTION 1 MORE
1
GEARLESS
PRICE UNDISCLOSED. VESSEL ORDERED FOR
DOMESTIC SERVICE
6 NOW ORDERED
UNDISCLOSED PRICE
OPTIONS EXERCISED. 4 NOW ON ORDER
WOODCHIP CARRIER
PRICE VARIES AMONG $37‐39 MIL. ORDERED
AGAINST LONG TERM COAL AGREEMENT.
THESE ARE THE 1ST PANAMAX BULKERS TO BE
CONSRUCTED AT HYUNDAI SHIPYARD SINCE
2002. OTHER REPS SAY PRICE CIRCA $37m EACH
5 MORE TO BE ORDERED IN 2011
3600 TEU. ALTHOUGH IT IS WIDELY REPORTED
TO BE GOLDENPORT THAT HAVE INKED THE
ORDER THIS IS NOT 100% CONFIRMED.
3500 TEU. GEARED. THE VESSELS WILL ENTER IN
AFRICA‐ASIA LINER SERVICES
3800 TEU. OPTION 4 MORE
DALIAN SHIPBUILDING
SHANGHAI JIANGNAN
CHANGXING
DAEHAN SHIPBUILDING
UNIVERSAL SHIPBUILDING
HYUNDAI
ZHEJIANG OUHUA
DAEWOO MANGALIA
MINAMI NIPPON
OSHIMA
IMABARI
SUNGDONG
QINGDAO BEIHAI
SUNGDONG
ASIAN BUYER
MITSUI OSK LINES
PACIFIC INTERNATIONAL LINES
RAY SHIPPING
ORDER IS THE REPLACEMENT FOR 2 CANCELLED
6500 CEU CAR CARRIERS ORIGINALLY ORDERED
AT HYUNDAI MIPO. RAY SHIPPING IS ONLY
INVOLVED IN CAR TRADES AND HAS NO
EXPERIENCE IN BULK TRANSPORT
FEDNAV LIMITED
UNDISCLOSED PRICE. ORIENT MARINE CO IS A
SUBSIDIARY OF MITSUI OSK OF JAPAN
GEARED. OPTION 2 MORE
UNDISCLOSED PRICE. 4 NOW ORDERED
UNDISCLOSED PRICE. CONSTRUCTION IS A LEASE
FINANCE SCHEME WITH THE PARTICIPATION OF
JSC GOZNAK LEASE. FYI JSC SHIPYARD LOTOS IS
44% OWNED BY UNITED SHIPBUILDING
CORPORATION AND 45,7% BY THE CASPIAN
ENERGY GROUP
PRICE VARIES $80‐83 MIL . 6500 TEU
3800 TEU. OPTION 4 MORE
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 NOVEMBER 2010
4 CONT 17,000
2011,2012,201
3 $18.1
5 CONT 17,000 2012‐13 $19.0
4 CONT 17,000 2012‐13 $18.1
2 CONT 15,600 2011‐12 $57.3
1 CONT 15,400 2011 $19.1
1 GAS 51,100 2012
6 GAS 12,000 2012‐13 $40.0
1 GAS 1,000 2011
4 MPP 28,000 2013 $40.0
4 MPP 28,000 2013 $40.0
2 MPP 20,000 2012‐13
1 OTHER 15,600 2012
2 OTHER 5,000 2012‐13
2 OTHER 3,100 2012
2 OTHER 3,100 2012
2 OTHER 2013 $220.0
1 OTHER 2013 $510.0
2 OTHER 2013 $600.0
2 OTHER 2012‐13 $380.0
2 PAX 6,750 2013 $600.0
1 PAX 5,000 2013 $312.0
3 PAX 2,500 2012
2 PAX 2013‐14 $850.0
1 PAX 2011
1 PAX 2011 $17.0
2 RORO 12,000 2012 $172.0
1 RORO 6,000 2013
4 TANKER 320,000 2012‐13
2 TANKER 317,000 2013 $110.0
2 TANKER 300,000 2012‐13 $105.0
2 TANKER 165,000 2012 $69.0
2 TANKER 157,000 2013‐14 $62.0
2 TANKER 112,100 2012‐13 $64.0
2 TANKER 112,100 2012‐13
2 TANKER 73,000 2012‐13
2 TANKER 40,400 2012
MITSUBISHI
STX FINLAND
HIGHSPEED S.B.
MEYER WERFT GERMANY
SAMSUNG
DALIAN SHIPBUILDING OFFSHORE
ULJANIK
GREATSHIP GLOBAL OFFSHORE
STX LANGSTEN (NOR)
STX VIETNAM OFFSHORE
ABG SHIPYARD
DAEWOO
MIURA
NANTONG COSCO KHI
SHANGHAI SHIPYARD
HUDONG ZHONGHUA
DAE SUN SB
DAESUN
MITSUBISHI
SINOPACIFIC
YANGFAN GROUP
TAIZHOU KOUAN
ZHEJIANG YANGFAN
SITC INTERNATIONAL
NORSE MANAGEMENT
SHANDONG INT TRANS
SITC INTERNATIONAL
SITC INTERNATIONAL
ASTOMOS ENERGY CORP
JACAR HOLDINGS LUXEMBURG
HIYOSHI KISEN
COSCO SHIPPING LTD
COSCO SHIPPING LTD
BELUGA SHIPPING
JAN DE NUL
COLOMBO DOCKYARD
FARSTAD SHIPPING
FARSTAD SHIPPING
SHUN SHINE
NORWEGIAN CRUISE LINE
DRILLING & OFFSHORE
CHEVRON CORPORATION
SEADRILL
SEADRILL
1100 TEU. 4+2+2
1100 TEU
110 TEU
SHIN NIHONKAI FERRY
VIKING LINE
COSCO BOOKED 8 MPPs AT NANTONG COSCO
KHI AND SHANGHAI SHIPYARD. ORDER IS
BROKEN IN 2 ORDERS OF 4 VSLS AT EACH YARD
COSCO BOOKED 8 MPPs AT NANTONG COSCO
KHI AND SHANGHAI SHIPYARD. ORDER IS
BROKEN IN 2 ORDERS OF 4 VSLS AT EACH YARD
MPP / FREIGHTERS AS MARK III VERSIONS OF ITS
SUCCESSFUL P SERIES OFFERING HEAVY LIFT
CAPACITY. TWO CRANES OF 1000 TONNES
COUPLED TO PRODUCE A MAX LIFT OF 2000
TONNES. THE ORDER IS PART OF 10 SIMILAR
NB'S ORDERED IN 2007 AND 2008 BY THE SAME
OWNER
820 PAX, 80 CARS, 150 TRAILERS, LOA 224.8 M,
BEAM 26 M, SERVICE SPEED 31 KNOTS
CRUISE FERRY WITH A 2800 PAX OF WHICH 870
PAX IN CABINS AND 1300 LM FOR TRUCKS AND
A SEPARATE 500 LM FOR CARS. BUILDING WILL
COMMENCE 3Q OF 2011. TURKU/STOCKHOLM
ROUTE. LNG FUEL UNDER SERIOUS
CONSIDERATION. CONSTRUCTION AT TURKU.
PRELIMINARY CONTRA
JACKUP DRILLING RIGS WITH AN OPERATING
DEPTH 350 FT. DRILLING DEPTH 30,000 FT.
SPECIALLY DESIGNED FOR GULF OF MEXICO AND
NORTH SEA USE
OIL PLATFORM. CUSTOM PURPOSE TO BE USED
TO EXTRACT OIL & GAS OFF ANGOLA
ULTRA DEEPWATER DRILLSHIPS. OPTION 2
MORE UNTIS CAPABLE OF AN OPERATING
DEPTH UP TO 4000 M
2x1040 TEU & 1x953 TEU GEARED ORDERED
ENBLOC PRICE $57.3 MIL
1000 TEU. DELY DEC 2011
ENERGY CORP ESTABLISHED IN 2006 AS A
SUBSIDIARY OF BY MITSUBISHI CORP.,
MITSUBISHI LIQUIFIED GAS CO., AND IDEMITSU
GAS
LPG 12,000 CBM
JACK UP DRILLING RIGS. OPTION FOR FURTHER 2
UNITS HAE BEEN ARRANGED AS A PART OF THE
DEAL. THE RIGS ARE CAPABLE OF WORLDWIDE
OPERATIONS IN AREAS INCLUDING NORTH
P&C PRICE ‐ TRAILING SUCTION HOPPER
DREDGER
ASSENS DENMARK FURSUND FAERGERI A/S DENMARKUNDISCLOSED PRICE. 147 PAX. DOUBLE ENDED
FERRY
143,500 GT. CONFIRMED ORDER
3 OF THE VESSELS WILL BE OF STX PSV 08 CD
DESIGN WITH 2 BEING BUILT AT STX IN
VIETNAM AND THE OTHER AT LANGSTEN YARD
OF STX IN NORWAY. THE 4TH VESSEL WILL BE A
UT 754 WP DESIGNED BY ROLLS ROYCE TO BE
BUILT AT STX LANGSTEN YARD IN NORWAY.
3 OF THE VESSELS WILL BE OF STX PSV 08 CD
DESIGN WITH 2 BEING BUILT AT STX IN
VIETNAM AND THE OTHER AT LANGSTEN YARD
OF STX IN NORWAY. THE 4TH VESSEL WILL BE A
UT 754 WP DESIGNED BY ROLLS ROYCE TO BE
BUILT AT STX LANGSTEN YARD IN NORWAY.
FISKERSTRAND BLRT NORWAY FJORD 1 NORWAY 150 PAX 50 CARS
P&S WERFTEN DFDS A/S
ENBLOC PRICE. 342 TEU, 3000 LM. THE VESSELS
WILL BE FOR MILITARY USE BY DENMARK AND
GERMANY IF AND WHEN REQUIRED
MITSUBISHI A LINE FERRY CO LTD
NEW TIMES SHIPBUILDING DYNACOM TANKERS
JIANSU RONGSHENG SHIPPING CORP OF INDIA OPTION 2 MORE
MITSUBISHI MITSUI OSK LINES
MALACCMAX DESIGN. THIS IS THE FIRST VLCC
NB CONTRACT FOR MITSUBISHI SINCE THE
COLLAPSE OF THE SHIPPING MARKETS IN 2008
HYUNDAI SAMHO NJ GOULANDRIS
JIANGSU RONGSHENG CENTRAL MARE INC OPTION 2. SUBJECTS NOT YET LIFTED.
HYUNDAI H.I.ARAB MARITIME PETROLEUM
TRANSPORT COMPANY PRODUCT CARRIERS
HYUNDAI AMPTC EGYPT COATED. PROD CARRIERS
OSHIMA RIO TINTO SHIPPING
COSTANZA HISTRIA SHIPMANAGEMENT
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 NOVEMBER 2010
1 TANKER 40,400 2012
1 TANKER 13,800 2011
1 TANKER 12,700 2013
2 TANKER 8,500 2013
1 TANKER 4,450 2011 $10.8
Note1: With Red color are indicated all Greek interest Buyers or Sellers
2010 ORDERS UNITS BC MPP CONT TANKER LNG/LPG ALL OTHER TOTALJANUARY 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 90 210 104 10 35 26 8 27 210DECEMBER 0 0 0 0 0 0 0 0 0TOTAL 549 1,391 745 39 129 327 46 105 1,391
DRY BULK ORDERS 2010CAPESIZE 113 UNITS
POST PANAMAX 38 UNISKAMSARMAX 215 UNITS
PANAMAX 62 UNITS
SUPRAMAX 107 UNITS
HANDYMAX 114 UNITS
HANDIES 96 UNITS
745 TOTAL
TANKER ORDERS 2010VLCC 68 UNITS
SUEZMAX 80 UNITS
AFRAMAX 57 UNITS
LR 22 UNITS
MR 34 UNITS
261 TOTAL
BULK CARRIERS ‐ NEWBUILDING ORDERS PER MONTH FOR 20102010 CAPESIZE POST PANAMAX KAMSARMAX PANAMAX SUPRAMAX HANDYMAX HANDIES SMALL BULKER ALL TYPES
JANUARY 8 1 10 3 7 13 42FEBRUARY 6 9 4 7 9 35MARCH 12 24 9 25 1 71APRIL 5 9 4 4 8 2 32MAY 9 1 27 14 3 4 5 63JUNE 14 24 2 16 6 13 75JULY 6 4 23 7 12 18 70
AUGUST 11 9 29 3 6 18 15 2 93SEPTEMBER 6 27 10 9 8 8 68OCTOBER 13 7 24 2 16 22 8 92NOVEMBER 23 7 14 13 22 23 2 104DECEMBER 0TOTAL 113 38 215 62 107 66 139 5 745
TANKER ‐ NEWBUILDING ORDERS PER MONTH FOR 2010
2010 VLCC SUEZMAX AFRAMAX LR MR CHEMICAL ALL TYPES
JANUARY 3 5 1 3 12
FEBRUARY 4 5 9 18
MARCH 6 8 4 11 29
APRIL 5 3 4 4 16
MAY 6 6 2 5 1 20
JUNE 2 24 6 32
JULY 13 15 3 5 5 7 48
AUGUST 7 14 5 3 3 32
SEPTEMBER 6 4 5 8 2 13 38
OCTOBER 8 2 29 17 56
NOVEMBER 8 4 4 2 3 5 26
DECEMBER 0
TOTAL 68 80 57 22 34 66 327
COSTANZA NOVELLA OTTAVIO
SHITANOE DAIICHI TANKER CO CHEMICAL
MARMARA TERSANESI YILMAR SHIPPING & TRADING CHEMICAL
MARMARA TERSANESI YILMAR SHIPPING & TRADING CHEMICAL
REVAL SHIPBUILDING OUTURKMENIAN SEA & RIVER SHIPPING
CO
NEWBUILDING ORDERS BREAKDOWN by TYPE PER MONTH, for YEAR 2010
NEW BUILDING ORDERS PER SHIPTYPES IN 2010
BC, 745, 53%
MPP, 39, 3%CONT, 129, 9%
TANKER, 327, 24%
LNG/LPG, 46, 3%
ALL OTHER, 105, 8%
DRY BULK ORDERS 2010
42 35
71
3263 75 70
9368
92 104
0
20
40
60
80
100
120
Jan-1
0
Feb-1
0
Mar-1
0
Apr-10
May-
10
Jun-1
0
Jul-1
0
Aug-10
Sep-1
0
Oct
-10
Nov-10
BULKERS
TANKER ORDERS 2010
12 1829
16 2032
4832 38
56
26
0
10
20
30
40
50
60
Jan-1
0
Feb-1
0
Mar-1
0
Apr-10
May-
10
Jun-1
0
Jul-1
0
Aug-10
Sep-1
0
Oct
-10
Nov-10
BULKERS
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 NOVEMBER 2010
2010NAME TYPE YEAR BUILT DWT LDT PRICE BREAKER IMO
SOUTHWAY TANKER 1988DAEWOO
SHIPBUILDING 152,412 21,189 465$ BANGLADESH 8613841
HS PIONEER BC 1982 NKK CORP ‐ TSU 145,229 23,620 410$ CHINA 8022004
RUBY PRINCESS TANKER 1975 GOTAVERKEN 140,905 20,000 ‐ CHINA 7389015
JIANMAO 1 BC 1981 HYUNDAI H.I 127,907 20,109 405$ CHINA 7917862
OCEAN POWER TANKER 1983 SCOTT LITHGOW PGLS 127,800 21,415 470$ BANGLADESH 7925728
STAR III TANKER 19913 MAJ
BRODOGRADILISTE 106,680 19,952 450$ INDIA 8805688
SWAT TANKER 1985 ASTANO 86,593 16,020 468$ PAKISTAN 7917408
BASIL BC 1983 COSHIN SHIPYARD 76,440 14,158 435$ INDIA 7532650
ENDEAVOUR RIVER TWEEN 1983 ITALCANTIERI MFL 75,105 18,517 ‐ BANGLADESH 8019007
LANCER TANKER 1984HYUNDAI HEAVY INDS ‐
U 67,164 13,326 400$ BANGLADESH 8224119
AVIL TANKER 1985HYUNDAI HEAVY INDS ‐
U 67,153 13,300 400$ BANGLADESH 8316625
BERGE RACINE TANKER 1985 NORD ET MED LA CIOT 63,254 21,978 455$ INDIA 8116582
KUN MING HU TANKER 1982 HITACHI ZOSEN ‐ NAG 60,585 ‐ ‐ CHINA 8013558
AFFLATUS BC 1985DAEWOO
SHIPBUILDING 43,309 ‐ ‐ CHINA 8309660
NIKI TANKER 1988HYUNDAI HEAVY INDS ‐
U 39,989 8,300 477$ PAKISTAN 8607842
BOW PANTHER TANKER 1986KOREA SHBLDG & ENG ‐
B 39,422 9,689 478$ INDIA 8316728
FEDON BC 1980 BALTIYSKIY 38,250 9,425 460$ INDIA 7942336
BAO YUAN MEN BC 1982 LEVINGSTON ORANGE 37,061 8,244 ‐ INDIA 7821178
ASRAAR‐E‐MOSTAFA BC 1977 NKK CORP SHIMIZU 35,271 7,960 ‐ BANGLADESH 7600768
STAR CARRIER BC 1983HITACHI ZOSEN ‐
INNOSH 35,218 9,710 455$ INDIA 8125569
PHUC HAI MOON BC 1979 MITSUI FUJINAGATA 34,227 7,732 435$ INDIA 7527198
MT PHOENIX TANKER 1977 WARTSILA ‐ TURKU 32,100 7,430 468$ INDIA 7359503
SEA PRINCE I TANKER 1981HYUNDAI HEAVY INDS ‐
U 31,000 7,637 470$ PAKISTAN 7910979
CM SPIRIT TANKER 1970GULFPORT
SHIPBUILDING 27,726 6,402 468$ INDIA 7046168
MAHA VIDYA BC 1977 OSHIMA SHIP 27,451 6,542 455$ PAKISTAN 7617577
STAG BC 1978 KOYO MIHARA 27,348 7,430 403$ CHINA 7641425
CAPT. GIORGIOS BC 1980 GEORGI DIMITROV SHI 25,573 7,836 ‐ PAKISTAN 7919834
USTICA TANKER 1986 NORD ET MED DUNKIRK 24,225 7,872 ‐ INDIA 8406303
DA QING 244 TANKER 1977 DALIAN SHIPYARD CO 24,119 6,080 380$ CHINA 8425347
ROSBORG BC 1978 TSUNEISHI SHBLDG ‐ 22,986 8,170 405$ CHINA 7813183
RAIN TANKER 1983 KOREA SHBLDG & ENG 22,651 6,333 ‐ BANGLADESH 8101056
BOLAN TWEEN 1980 KAWASAKI HEAVY INDS 18,145 5,635 448$ PAKISTAN 7822108
JUVITER TANKER 1980 NAIKAI SHIPBUILDING 17,987 ‐ ‐ TURKEY 7908457
BUTET BC 1978 TSUNEISHI SHBLDG ‐ 17,475 5,055 410$ BANGLADESH 7710173
INTUITION TANKER 1979 OSAKA SHIPBUILDING 16,457 3,603 ‐ TURKEY 7825801
TORRENT TANKER 1975 HASHIHAMA SHBLDG ‐ 15,767 3,809 468$ INDIA 7412771
JAIPUR BC 1981 CCN ‐ MAUA ‐ NITERO 15,015 ‐ ‐ INDIA 7433256
EASTERN SEA BC 1983 NEPTUN SCHIFFSWERFT 12,665 6,002 ‐ BANGLADESH 8311039
ASTRO VENUS RORO 1982TSUNEISHI
SHIPBUILDING 12,464 9,508 450$ PAKISTAN 8208414
DONG FANG GAO SU RORO 1984 MITSUBISHI KOBE 11,940 ‐ ‐ CHINA 8401274
SELLERS ARE OVERSEAS MARINE ENR GREECE ‐ SHIRDI
STEEL TRADERS ARE BREAKERS
SELLERS ARE HOLYMAN PTY LTD, AUSTRALIA
CRUDE OIL TANKER ‐ SELLERS ARE GLOBAL
MARKETING SYSTEMS ROMANIA
SELLERS ARE STX SHIP MANAGEMENT CO SOUTH
KOREA
SELLERS ARE NKD MARTIIME BVI UK ‐ PRIYA BLUE
INDUSTRIES PVT ARE BREAKERS
SELLERS ARE PAKISTAN NATIONAL SHIPPING
PAKISTAN
CRUDE OIL TANKER 0 SELLERS ARE SHIPPING
CORPORATION OF INDIA
CRUDE OIL TANKER 0 SELLERS ARE SHIPPING
CORPORATION OF INDIA
SELLERS ARE HIN LEONG TRADING SINGAPORE
NOTES
NOVEMBERREPORTED DEMOLITION DEALS
FPSO OIL
SELLERS ARE COSCO WALLEM SHIP MANAGEMENT,
CHINA
SELLERS ARE BW GAS AS, NORWAY
CRUDE OIL TANKER ‐ SELLERS ARE COSCO CHINA
SELLERS ARE ISLAMIC REPUBLIC OF IRAN SHIPPING
LINES, IRAN
AS IS FUJAIRAH. SELLERS ARE A.K. SHIPPING &
TRADING INC., GREECE
SELLERS ARE ODFJELL MANAGEMENT AS, NORWAY.
INCLUDING 70 TONNES OF STAINLESS STEEL
SELLERS ARE MACHRIMAR MANAGEMENT S.A.,
GREECE
SELLERS ARE CHINA GOVERNMENT
SELLERS ARE NOBPAC SHIP MANAGEMENT,
BANGLADESH. ALREADY BEACHED
SELLERS ARE ASP SHIP MANAGEMENT LTD, UNITED
KINGDOM
SELLERS ARE PHUC HAI CO LTD, VIETNAM
SELLERS ARE OLIMPEX NIGERIA LTD, NIGERIA
(MARIKA INVESTMENTS)
SELLERS ARE SHIP & SHORE SERVICES LTD, NIGERIA
SELLERS ARE OLIMPEX NIGERIA LTD, NIGERIA
(MARIKA INVESTMENTS) ‐ KUMAR STEEL ARE
BREAKERS
SELLERS ARE FIVE STARS SHIPPING CO PVT LTD INDIA
SELLERS ARE CLIO NAVIGATION CORP GREECE. SHE
HAD BEEN REPORTED SOLD BACK IN MAY 2008 AT A
LEVEL OF $11.5m
SELLERS ARE BULGARE NAVIGATION BULGARIA
SELLERS ARE MAROC PHOSPHOR OCEAN, MAROCCO
JIANGMEN YINHU SHIP BREAKING ‐ SELLERS ARE
CHINA SHIPPING GROUP
SELLERS ARE DANNEBROG REDERI A/S DENMARK
CHEMICAL/PRODUCTS TANKER ‐ SELLERS ARE
NAVIMAR LUGANO SWITZERLAND
SELLERS ARE PAKISTAN NATIONAL SHIPPING
PAKISTAN
PRODUCTS TANKER ‐ SELLERS ARE INTERSEA
MANAGEMENT SWITZERLAND
SELLERS ARE CHINA SHIPPING INTERNATIONAL
SHIPMANAGEMENT CO LTD, CHINA (COSCO)
SELLERS ARE TARK ENTERPRISES LIBERIA
SELLERS ARE FIVE STARS SHIPPING CO PVT LTD INDIA
SELLERS ARE ALLUNITED MARITIME BUSINESS
BANGLADESH
SELLERS ARE MMS CO LTD, JAPAN. ASIS AQABA INCL
1000 TONS OF BUNKERS ROB AT NO EXTRA COST TO
THE BUYER. OTHERS REP AT $455/T
SELLERS ARE A.T.L. SHIPPING LTD, CYPRUS
AGS LTD ‐ PRODUCTS TANKER ‐ SELLERS ARE AZURE
SERVICES GREECE
N. COTZIAS SHIPPING CO. LTD.7-9 AKTI MIAOULI - 185 35 PIRAEUS TEL:+30 210 4222660/5 FAX:+30 210 4222678/9
PAGE 14 of [email protected], [email protected]
www.cotzias.gr – visit our constantly updated website NOVEMBER 2010
STORM BAY REEFER 1983SHIN YAMAMOTO
KOCHI 11,720 6,384 420$ INDIA 8307911
PERLA ADIB BC 1976 SCHUERENSTEDT SCHIF 10,890 ‐ ‐ TURKEY 7434937
AEGEAN SKY RORO 1974 FRAMNAES 9,641 5,998 ‐ INDIA 7369039
FU HAN KOU RORO 1986 FREDERIKSHA 9,300 ‐ ‐ CHINA 8322753
NURETTIN AMCA BC 1973 WATANABE ZOSEN KK ‐ 8,303 ‐ ‐ TURKEY 7334577
TIAN CHANG BC 1978 SETOUCHI 7,943 3,567 420$ INDIA 7706330
MIKUE BC 1980SINGAPORE SLIPWAY &
EN 7,909 2,458 440$ INDIA 7702592
DUCKY SYMPHONY RORO 1979 AESA SESTAO 6,906 5,669 430$ INDIA 7713280
CARIBBEAN CARRIER RORO 1983 MATHIAS‐THESEN 6,704 5,390 ‐ INDIA 8306565
SOUTHERN ARROW BC 1984DAEDONG
SHIPBUILDING 6,549 2,014 385$ CHINA 8404393
GOLDEN LINE 8 BC 1982DAEDONG
SHIPBUILDING 6,485 2,044 385$ CHINA 8105430
IMAN TANKER 1986RAUMA‐REPOLA OY ‐
RAUM 6,237 3,163 448$ INDIA 8406638
TOPAZ SD 1969IMABARI SHIPBUILDING
‐ 5,849 ‐ ‐ BANGLADESH 7010250
CHANG XIN 102 BC 1978 HONDA SAIKI 5,372 ‐ ‐ CHINA 7709291
SNAV SICILIA PAX 1974 WESER SEEBECKWERFT 5,341 ‐ ‐ INDIA 7333822
SNAV CAMPANIA RORO 1974 WESER SEEBECKWERFT 5,280 11,505 440$ INDIA 7360710
CUSTOM TANKER 1981 MIYOSHI 4,990 2,675 462$ PAKISTAN 8001866
CORAL MOON RORO 1985 GALATI 4,100 5,450 428$ INDIA 8503876
ARINA MPP 1974 BODEWES GRUNO BV 4,017 ‐ ‐ TURKEY 7367964
AFANASIY BOGATYREV SD 1973 OKA NAVASHINO 4,000 ‐ ‐ CHINA 7337701
KASID KAREEM BC 1973 NISHI SHIPBUILDING 3,690 ‐ ‐ TURKEY 7313004
CONDOCK I OTHER 1979 NOBISKRUG WERFT ‐ G 3,603 2,406 ‐ INDIA 7812749
ALEXANDER SKVORETS SD 1967 KRASNOYE SORMOVO 3,352 ‐ ‐ TURKEY 6919100
FORWARD 1 SD 1971 ZTS 3,283 ‐ ‐ TURKEY 8858221
NIJORD BC 1980 NOBISKRUG WERFT ‐ G 3,214 ‐ ‐ TURKEY 8007157
CARIBBEAN EXPRESS RORO 1976 NOBISKRUG WERFT ‐ G 3,180 ‐ ‐ INDIA 7400778
BETUL SD 1971 DENIZCILIK ISTINYE 2,756 ‐ ‐ TURKEY 7015846
LIDER TRABZON SD 1979 PETERS H. 2,515 ‐ ‐ TURKEY 7907350
QUALITY SPIRIT TANKER 1968NIEUWE NOORD
NEDERL 2,303 ‐ ‐ TURKEY 6901658
AKADEMIK ALEKSANDR
VINOGRADOVOTHER 1983 A WARSKIEGO STOCZNI 2,188 ‐ ‐ AS IS 7826312
THINH CUONG 14 SD 1985 ANPHU 2,150 ‐ ‐ AS IS 8837423
SIGAS MASTER GAS 1985 PATTJE WATERHUIZEN 1,929 1,099 277$ TURKEY 8325327
PANAGIA
CHRISOSKALITISSATANKER 1977 ITO 1,806 ‐ ‐ TURKEY 7639496
SEALARK SD 1979 COOK J.W. WIVENHOE 1,559 582 ‐ PAKISTAN 7711402
RUBY SD 1982 YORKSHIRE D.D. 1,230 ‐ ‐ INDIA 8127646
IZUMRUDNYY TRAWLER 1974MATHIAS‐THESEN‐
WERF 1,212 ‐ ‐ CHINA 7348425
JET VIII TANKER 1986 TULCEA SANTIERUL NA 1,200 ‐ ‐ TURKEY 8861474
JET XII TANKER 1988 TULCEA SANTIERUL NA 1,200 ‐ ‐ TURKEY 8861656
MAROANTSETRA SD 1976 NORDSOVAERFTET A/S 700 ‐ ‐ INDIA 7507069
OSKAR TRAWLER 1964 BEER 410 ‐ ‐ AS IS 6416768
STREZHEVOY TRAWLER 1976 VOLGOGRADSKIY 293 ‐ ‐ CHINA 7640861
ALEX IV TRAWLER 1970 MANCHE ATELIERS ‐ D 213 ‐ ‐ TURKEY 7039115
GUARD VALIANT OTHER 1939 FRAMNAES ‐ ‐ ‐ AS IS 5041968
ADALVIK TRAWLER 1959VOLKSWERFT
STRALSUN ‐ ‐ ‐ AS IS 5276733
Note1: With Red color are indicated all Greek interest Sales
SOK DENIZCILIK TIC LTD STI ‐ SELLERS ARE KUTUP
SHIPPING TURKEY
SELLERS ARE TIANJIN INTERNATIONAL MARINE
SHIPPING CO, CHINA
SELLERS ARE GLOMAR SUPPLIES LTD, PANAMA
SELLERS ARE TMT CO LTD, CHINA
SELLERS ARE ALISCAFI SNAV SPA, ITALY
SELLERS ARE INTERNATIONAL SHIPPING PARTNERS
INC, USA
SELLERS ARE PAMELA CORP, KOREA
SELLERS ARE DALIAN TRANSQUARE‐LINE
INTERNATIONAL SHIP MANAGEMENT CO LTD, CHINA
SELLERS ARE RIGA TRANSPORT FLEET, LATVIA
RORO/PAX
VAN HEYGHEN RECYCLING ‐ SELLERS ARE FROM
ICELAND
SIMSEKLER GEMI SOKUM ‐ ALIAGA ‐ SELLERS ARE
GREEK
FORNAES APS ‐ STANDBY SAFETY VESSEL
K TERSANECILIK AS ‐ BUNKERING TANKER
SELLERS ARE OSCAR RUSSIA
SELLERS ARE AL HAMADIAN UAE
SELLERS ARE RUSSIAN
AS IS VIETNAM ‐ SELLERS ARE HAI PHONG
OGE GEMI SOKUM MAKINECILIK LTD ‐ LPG TANKER
EGE CELIK GEMI SOKUM AS ‐ PRODUCTS TANKER
SELLERS ARE BULGARIAN
GEMI YAN SANAYI VE TICARET AS
IZMIR GERI DONUSUM LTD
SELLERS ARE SEATRADE GRONINGEN BV,
NETHERLANDS. AS IS FUJAIRAH FOR RESALE INTO
INDIA
DORTEL GEMI SOKUM DEMIR VE CEL ‐ SELLERS ARE
ISM SHIPMAN SYRIA
SELLERS ARE AEGEAN CARGO MANAGEMENT SA,
GREECE
SELLERS ARE NYKCOS CAR CARRIER CO LTD
SELLERS ARE ARCTIC SHIPPING RUSSIA
SELLERS ARE NAVIGATOR TANKERS MANAGEMENT
S.A., GREECE
SELLERS ARE NOVA OSTRIA SHIPPING CO SA, GREECE
SIMSEKLER GEMI SOKUM ‐ ALIAGA ‐ SELLERS ARE
UNIFREIGHT RUSSIA
SELLERS ARE NAVEE GROUP THAILAND
CEMENT CARRIER ‐ SELLERS ARE CHINA
GOVERNMENT
PAX/RORO ‐ SELLERS ARE SNAV SPA ITALY
HISAR GEMI SOKUM AS ‐ SELLERS ARE SYRIAN
SHREE RAM GROUP ‐ BARGE CARRIER ‐ SELLERS ARE
FINANZPARTNER GMBH GERMANY
SELLERS ARE FROM MADAGASCAR
VAN HEYGHEN RECYCLING ‐ SELLERS ARE FROM
ICELAND
K TERSANECILIK AS ‐ BUNKERING TANKER
IZMIR GERI DONUSUM LTD ‐ CHEMICAL PRODUCTS
TANKER
RESEARCH SURVEY VESSEL ‐ SELLEERS ARE RUSSIAN
ACADEMY OF SCIENCE
SELLERS ARE STANDARD SHIPPING TURKEY
GEMI YAN SANAYI VE TICARET AS
KURSAN GEMI SOKUM LTD
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]
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DEMOLITION STATISTICS:
2010 UNITS DWT LDT
January 115 3,955,206 1,005,289 UNITS LDT TAKEN AV. SCRP PRICE
February 104 2,616,428 735,515 177 1,397,755 $377
March 131 4,638,388 1,059,123 431 3,101,361 $387
April 144 2,633,552 756,013 102 1,236,564 $401
May 117 2,217,041 577,318 187 246,058 $143
June 114 2,155,488 680,861 101 835,730 $395
July 70 2,146,301 535,116 143 424,168
August 96 2,629,984 632,117 1141 7,241,636 $341
September 90 1,560,615 401,275
October 76 1,754,845 408,617
November 84 2,184,590 450,392
December 0 0 0
TOTAL 1141 28,492,438 7,241,636
TOTAL DRY&WET
UNITS LDT TAKEN av $ UNITS LDT UNITS LDT DWT
177 1,397,755 376.9 128 1,247,716 16 150,039 5,373,914
431 3,101,361 387.5 283 2,031,401 132 1,069,960 10,197,932
102 1,236,564 401.0 38 308,590 63 927,974 6,437,777
187 246,058 143.5 82 202,766 14 43,292 955,957
101 835,730 395.3 41 215,869 57 619,861 3,884,512
143 424,168 23.5 26 135,373 12 111,130 883,836
1141 7,241,636 340.8 598 4,141,715 294 2,922,256 27,733,928
COUNTRY UNITS % rankGREECE 146 12.8% 1
CHINA 84 7.4% 2
UAE 67 5.9% 3
SINGAPORE 50 4.4% 4
USA 47 4.1% 5
TURKEY 43 3.8% 6
NORWAY 42 3.7% 7
SYRIA 41 3.6% 8
JAPAN 39 3.4% 9
RUSSIA 31 2.7% 10
INDIA 29 2.5% 11
UKRAINE 21 1.8% 12
UK 21 1.8% 12
VIETNAM 19 1.7% 14
ITALY 19 1.7% 14
DENMARK 18 1.6% 16
LEBANON 18 1.6% 16
LATVIA 17 1.5% 18
GERMANY 16 1.4% 19
KOREA 14 1.2% 20
ALL OTHER 349 30.6%
UNDISCL 10 0.9%
TOTAL 1141 100.0%
BANGLADESH
INDIA
BREAKER
TURKEY
PAKISTAN
OTHER/CASH/AS IS
TOTAL
LDT IN
TAKE P
ER SC
RAP COUNTR
Y
FOR 2010
2010 DEMOLITION SELLERS STATISTICS
source of data: N. COTZIAS SHIPPING CONSULTANTS (NCSC)
UNIT IN
TAKE P
ER SC
RAP
COUNTR
Y FO
R 2010
INDIA
CHINA
DRYDETAILED BREAKER REGION ‐ STATISTICS FOR 2010
CHINA
BREAKER
WET
BREAKER – STATS ‘2010
TOTAL
OTHER/CASH/AS IS
BANGLADESH
TURKEY
PAKISTAN
Average Scrap Price & No of Ships Scrapped 2005-2010
1316
19
90
76
84
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
5070
125
104
131
115
94
6263
75
91
101
95
112
7379
134
117
144
11496
129
125
$100
$200
$300
$400
$500
$600
$700
$800
Jan-0
5
Mar
-05
May
-05
Jul-0
5
Sep-0
5
Nov-05
Jan-0
6
Mar
-06
May
-06
Jul-0
6
Sep-0
6
Nov-06
Jan-0
7
Mar
-07
May
-07
Jul-0
7
Sep-0
7
Nov-07
Jan-0
8
Mar
-08
May
-08
Jul-0
8
Sep-0
8
Nov-08
Jan-0
9
Mar
-09
May
-09
Jul-0
9
Sep-0
9
Nov-09
Jan-1
0
Mar
-10
May
-10
Jul-1
0
Sep-1
0
Nov-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
Mar
-05
May
-05
Jul-0
5
Sep-0
5
Nov-05
Jan-0
6
Mar
-06
May
-06
Jul-0
6
Sep-0
6
Nov-06
Jan-0
7
Mar
-07
May
-07
Jul-0
7
Sep-0
7
Nov-07
Jan-0
8
Mar
-08
May
-08
Jul-0
8
Sep-0
8
Nov-08
Jan-0
9
Mar
-09
May
-09
Jul-0
9
Sep-0
9
Nov-09
Jan-1
0
Mar
-10
May
-10
Jul-1
0
Sep-1
0
Nov-10
-15
5
25
45
65
85
105
125
145
DWTLDTNUMBER
CHINA, 1,397,755, 19%
INDIA, 3,101,361, 43%
BANGLADESH, 1,236,564, 17%
TURKEY, 246,058, 3%
PAKISTAN, 835,730, 12%
OTHER/CASH/AS IS,424,168, 6%
CHINA, 177, 16%
INDIA, 431, 37%
BANGLADESH, 102,
9%
TURKEY, 187, 16%
PAKISTAN, 101, 9%
OTHER/CASH/AS IS,143, 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]
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BULKERS / SD
TANK/
OBO/GAS
CONT/
TWEEN/MPP REEFER
RORO PAX
CRUISE, OTHER
VEHICLES
CARRIERS
TRAWLER TUG
OTHER TOTAL
357 329 160 45 116 43 91 1,141 SHIPS
31.3% 28.8% 14.0% 3.9% 10.2% 3.8% 8.0% 100.0%
1,574,300 3,011,643 1,130,370 234,314 666,656 438,988 185,365 7,241,636
7,278,892 15,601,982 2,982,609 375,068 917,107 554,441 782,339 28,492,438
$390,446,458 $1,035,703,623 $280,966,853 $75,322,154 $163,328,939 $33,505,593 $48,318,155 $2,027,591,775
32.1 Years 27.9 Years 29.3 Years 29.2 Years 35.7 Years 27.3 Years 32.6 Years 30.6 Years
source of data: N. COTZIAS SHIPPING CONSULTANTS (NCSC)
AVERAGE AGE
STATS
DWT
LDT
%
UNITS
USD PAID
Demolition DATA for 2010
AVERAGE MONTHLY SCRAP PRICE 2009 ‐ 2010 CHINA
$228$243
$215 $209$226
$251 $255 $268 $279 $266$286
$312 $319$343
$375$411
$382 $370
$461
$381
$431$426$438
205
255
305
355
405
455
505
Jan‐09
Feb‐09
Mar‐0
9Apr‐09
May‐0
9Jun
‐09Jul‐09
Aug‐0
9Sep
‐09Oct‐09No
v‐09
Dec‐0
9Jan
‐10Feb
‐10
Mar‐1
0Apr‐10
May‐1
0Jun
‐10Jul‐10
Aug‐1
0Sep
‐10Oct‐10No
v‐10
AV
ER
AG
E S
CR
AP
PR
ICE
U$
/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
$418$447
$485
$407 $405
220
270
320
370
420
470
Jan‐09
Feb‐09
Mar‐0
9Apr‐09
May‐0
9Jun
‐09Jul‐09
Aug‐0
9Sep
‐09Oct‐09No
v‐09Dec‐0
9Jan
‐10Feb
‐10
Mar‐1
0Apr‐10
May‐1
0Jun
‐10Jul‐10
Aug‐1
0Sep
‐10Oct‐10No
v‐10
AV
ER
AG
E S
CR
AP
PR
ICE
U$
/LD
T
AVERAGE MONTHLY SCRAP PRICE 2009 ‐ 2010 PAKISTAN
$271 $265 $261 $266$248
$282
$315
$273
$313 $312$293
$265
$379$353
$377
$459
$427
$392 $394 $396$407
$371$362
220
270
320
370
420
470
Jan‐09
Feb‐09
Mar‐0
9Apr‐09
May‐0
9Jun
‐09Jul‐09
Aug‐0
9Sep
‐09Oct‐09No
v‐09
Dec‐0
9Jan
‐10Feb
‐10
Mar‐1
0Apr‐10
May‐1
0Jun
‐10Jul‐10
Aug‐1
0Sep
‐10Oct‐10No
v‐10
AV
ER
AG
E S
CR
AP
PR
ICE
U$
/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
$429
$384$384
220
270
320
370
420
Jan‐09
Feb‐09
Mar‐0
9Apr‐09
May‐0
9Jun
‐09Jul‐09
Aug‐0
9Sep
‐09Oct‐09No
v‐09
Dec‐0
9Jan
‐10Feb
‐10
Mar‐1
0Apr‐10
May‐1
0Jun
‐10Jul‐10
Aug‐1
0Sep
‐10Oct‐10No
v‐10
AV
ER
AG
E S
CR
AP
PR
ICE
U$
/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
$277$295
$223$245
140
190
240
290
340
Jan‐09
Feb‐09
Mar‐0
9Apr‐09
May‐0
9Jun
‐09Jul‐09
Aug‐0
9Sep
‐09Oct‐09No
v‐09Dec‐0
9Jan
‐10Feb
‐10
Mar‐1
0Apr‐10
May‐1
0Jun
‐10Jul‐10
Aug‐1
0Sep
‐10Oct‐10No
v‐10
AV
ER
AG
E S
CR
AP
PR
ICE
U$
/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 NOVEMBER 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
29/10/10 2,678 ‐15% 4,262 2% 2,410 ‐37% 1,750 ‐21% 897 ‐22%
01/11/10 2,648 ‐16% 4,231 1% 2,371 ‐38% 1,730 ‐22% 887 ‐23%
02/11/10 2,600 ‐17% 4,165 ‐1% 2,313 ‐39% 1,705 ‐23% 879 ‐24%
03/11/10 2,542 ‐19% 4,060 ‐3% 2,288 ‐40% 1,680 ‐24% 870 ‐24%
04/11/10 2,510 ‐20% 4,011 ‐4% 2,287 ‐40% 1,655 ‐26% 862 ‐25%
05/11/10 2,495 ‐21% 3,994 ‐5% 2,304 ‐40% 1,628 ‐27% 856 ‐26%
08/11/10 2,482 ‐21% 3,984 ‐5% 2,322 ‐39% 1,597 ‐28% 851 ‐26%
09/11/10 2,467 ‐21% 3,938 ‐6% 2,361 ‐38% 1,580 ‐29% 844 ‐27%
10/11/10 2,454 ‐22% 3,882 ‐8% 2,437 ‐36% 1,552 ‐30% 841 ‐27%
11/11/10 2,366 ‐25% 3,695 ‐12% 2,432 ‐36% 1,532 ‐31% 835 ‐27%
12/11/10 2,313 ‐26% 3,612 ‐14% 2,365 ‐38% 1,516 ‐32% 833 ‐28%
15/11/10 2,261 ‐28% 3,530 ‐16% 2,294 ‐40% 1,495 ‐33% 828 ‐28%
16/11/10 2,219 ‐29% 3,490 ‐17% 2,216 ‐42% 1,474 ‐34% 816 ‐29%
17/11/10 2,188 ‐30% 3,492 ‐17% 2,122 ‐44% 1,457 ‐34% 804 ‐30%
18/11/10 2,164 ‐31% 3,496 ‐17% 2,063 ‐46% 1,431 ‐36% 795 ‐31%
19/11/10 2,155 ‐31% 3,526 ‐16% 2,038 ‐47% 1,389 ‐38% 788 ‐32%
22/11/10 2,179 ‐31% 3,585 ‐15% 2,061 ‐46% 1,369 ‐38% 780 ‐32%
23/11/10 2,199 ‐30% 3,593 ‐14% 2,112 ‐45% 1,370 ‐38% 779 ‐32%
24/11/10 2,213 ‐30% 3,539 ‐16% 2,194 ‐43% 1,392 ‐37% 781 ‐32%
25/11/10 2,200 ‐30% 3,381 ‐19% 2,290 ‐40% 1,443 ‐35% 785 ‐32%
26/11/10 2,170 ‐31% 3,233 ‐23% 2,330 ‐39% 1,486 ‐33% 788 ‐32%
29/11/10 2,145 ‐32% 3,095 ‐26% 2,356 ‐38% 1,512 ‐32% 792 ‐31%
30/11/10 2,099 ‐33% 2,910 ‐31% 2,377 ‐38% 1,526 ‐31% 796 ‐31%
BALTIC DRY BULK MARKET INDICES until 30th NOVEMBER 2010
All Baltic DRY indices 2005 - 2010
3002300430063008300
1030012300143001630018300
Nov-05
Feb-06
May-06
Aug-06
Nov-06
Feb-07
May-07
Aug-07
Nov-07
Feb-08
May-08
Aug-08
Nov-08
Feb-09
May-09
Aug-09
Nov-09
Feb-10
May-10
Aug-10
Nov-10
BPI
BCIBDI
BSI
BALTIC DRY 2005 - 2010
400
2400
4400
6400
8400
10400
Nov-05Feb-06
May-06Aug-06
Nov-06Feb-07
May-07Aug-07
Nov-07Feb-08
May-08Aug-08
Nov-08Feb-09
May-09Aug-09
Nov-09Feb-10
May-10Aug-10
Nov-10
BDI
BALTIC PMAX 2005 - 2010
300
2300
4300
6300
8300
10300
Nov-05Feb-06
May-06Aug-06
Nov-06Feb-07
May-07Aug-07
Nov-07Feb-08
May-08Aug-08
Nov-08Feb-09
May-09Aug-09
Nov-09Feb-10
May-10Aug-10
Nov-10
BPI
BALTIC CAPE 2005 - 2010
400290054007900
10400129001540017900
Nov-05Feb-06
May-06Aug-06
Nov-06Feb-07
May-07Aug-07
Nov-07Feb-08
May-08Aug-08
Nov-08Feb-09
May-09Aug-09
Nov-09Feb-10
May-10Aug-10
Nov-10
BCI
BALTIC SUPMAX 2006 - 2010
3001300230033004300530063007300
May-06Aug-06
Nov-06Feb-07
May-07Aug-07
Nov-07Feb-08
May-08Aug-08
Nov-08Feb-09
May-09Aug-09
Nov-09Feb-10
May-10Aug-10
Nov-10
BSI
CAPITAL LINK MARITIME INDEX 2005-2010
400
1400
2400
3400
4400
5400
Nov-05
Feb-06
May-06
Aug-06Nov-
06Feb
-07May-
07Aug-07
Nov-07
Feb-08
May-08
Aug-08Nov-
08Feb
-09May-
09Aug-09
Nov-09
Feb-10
May-10
Aug-10Nov-
10
CL Maritime Index (CLMI)
CAPITAL LINK DRYBULK INDEX 2005-2010
400
1400
2400
3400
4400
5400
6400
7400
Nov-05
Feb-06
May-06
Aug-06Nov-
06Feb
-07May-
07Aug-07
Nov-07
Feb-08
May-08
Aug-08Nov-
08Feb
-09May-
09Aug-09
Nov-09
Feb-10
May-10
Aug-10Nov-
10
CL Drybulk Index (CLDBI)
CAPITAL LINK CONTAINER INDEX 2005-2010
400
1400
2400
3400
4400
5400
Nov-05
Feb-06
May-06
Aug-06Nov-
06Feb
-07May-
07Aug-07
Nov-07
Feb-08
May-08
Aug-08Nov-
08Feb
-09May-
09Aug-09
Nov-09
Feb-10
May-10
Aug-10Nov-
10
CL Container Index (CLCI)
CAPITAL LINK MLP INDEX 2005-2010
400
1400
2400
3400
4400
Nov-05
Feb-06
May-06
Aug-06Nov-
06Feb
-07May-
07Aug-07
Nov-07
Feb-08
May-08
Aug-08Nov-
08Feb
-09May-
09Aug-09
Nov-09
Feb-10
May-10
Aug-10Nov-
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 NOVEMBER 2010
DATE CLEAN % frm 2/1/10 DIRTY % frm 2/1/1029/10/10 444 ‐23% 593 ‐26%
01/11/10 442 ‐24% 588 ‐25%02/11/10 439 ‐25% 580 ‐24%03/11/10 438 ‐26% 583 ‐24%
04/11/10 436 ‐26% 588 ‐25%05/11/10 435 ‐27% 584 ‐24%
08/11/10 437 ‐27% 582 ‐24%09/11/10 437 ‐27% 593 ‐24%10/11/10 449 ‐27% 614 ‐24%
11/11/10 454 ‐25% 645 ‐24%12/11/10 457 ‐24% 655 ‐22%
15/11/10 460 ‐21% 656 ‐19%16/11/10 470 ‐21% 645 ‐19%17/11/10 480 ‐19% 643 ‐17%
18/11/10 488 ‐16% 659 ‐15%19/11/10 497 ‐14% 673 ‐14%
22/11/10 501 ‐12% 682 ‐15%23/11/10 504 ‐12% 701 ‐17%24/11/10 507 ‐12% 699 ‐18%
25/11/10 508 ‐11% 695 ‐18%26/11/10 517 ‐11% 683 ‐18%
29/11/10 519 ‐11% 679 ‐18%30/11/10 528 ‐9% 671 ‐14%
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 30th NOVEMBER 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
Nov-05
Feb-06
May-06
Aug-06Nov-
06Feb
-07May-
07Aug-07
Nov-07
Feb-08
May-08
Aug-08Nov-
08Feb
-09May-
09Aug-09
Nov-09
Feb-10
May-10
Aug-10Nov-
10
BCTI
BDTI
BALTIC DIRTY TANKER INDEX 2005 - 2010
400
900
1400
1900
2400
Nov-05Feb-06
May-06Aug-06
Nov-06Feb-07
May-07Aug-07
Nov-07Feb-08
May-08Aug-08
Nov-08Feb-09
May-09Aug-09
Nov-09Feb-10
May-10Aug-10
Nov-10
BDTI
BALTIC CLEAN TANKER INDEX 2005 - 2010
300
700
1100
1500
1900
Nov-05Feb-06
May-06Aug-06
Nov-06Feb-07
May-07Aug-07
Nov-07Feb-08
May-08Aug-08
Nov-08Feb-09
May-09Aug-09
Nov-09Feb-10
May-10Aug-10
Nov-10
BCTI
Brent OIL (2001 - 2010)
162636465666768696
106116126136146
Nov-0
1
Feb-
02
May
-02
Aug-0
2
Nov-0
2
Feb-
03
May
-03
Aug-0
3
Nov-0
3
Feb-
04
May
-04
Aug-0
4
Nov-0
4
Feb-
05
May
-05
Aug-0
5
Nov-0
5
Feb-
06
May
-06
Aug-0
6
Nov-0
6
Feb-0
7
May
-07
Aug-0
7
Nov-0
7
Feb-
08
May
-08
Aug-0
8
Nov-0
8
Feb-
09
May
-09
Aug-0
9
Nov-0
9
Feb-
10
May
-10
Aug-1
0
Nov-1
0
Brent Oil
ALL CAPITAL LINK WET Indices 2005-2010
400
1400
2400
3400
4400
5400
Nov-05
Feb-06
May-06
Aug-06Nov-
06Feb
-07May-
07Aug-07
Nov-07
Feb-08
May-08
Aug-08Nov-
08Feb
-09May-
09Aug-09
Nov-09
Feb-10
May-10
Aug-10Nov-
10
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
Nov-05
Feb-06
May-06
Aug-06Nov-
06Feb
-07May-
07Aug-07
Nov-07
Feb-08
May-08
Aug-08Nov-
08Feb
-09May-
09Aug-09
Nov-09
Feb-10
May-10
Aug-10Nov-
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
Nov-05
Feb-06
May-06
Aug-06Nov-
06Feb
-07May-
07Aug-07
Nov-07
Feb-08
May-08
Aug-08Nov-
08Feb
-09May-
09Aug-09
Nov-09
Feb-10
May-10
Aug-10Nov-
10
CL LNG/LPG Index (CLLG)
WTI SPOT PRICE (2001 - 2010)
162636465666768696
106116126136146
Nov-0
1
Feb-
02
May
-02
Aug-0
2
Nov-0
2
Feb-
03
May
-03
Aug-0
3
Nov-0
3
Feb-
04
May
-04
Aug-0
4
Nov-0
4
Feb-
05
May
-05
Aug-0
5
Nov-0
5
Feb-
06
May
-06
Aug-0
6
Nov-0
6
Feb-0
7
May
-07
Aug-0
7
Nov-0
7
Feb-
08
May
-08
Aug-0
8
Nov-0
8
Feb-
09
May
-09
Aug-0
9
Nov-0
9
Feb-
10
May
-10
Aug-1
0
Nov-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]