ATHENIAN SHIPBROKERS S.A. · 2017. 2. 1. · imbondeiro 45999 1998 korea dh 5 mio wilmar king...

ATHENIAN SHIPBROKERS S.A.

107-109, Vas. Pavlou Str., GR 166 73, Voula , Athens, Greece Tel: 210 9659700 - Fax: 210 8996040

Internet Mail: athenian(at)atheniansa(dot)gr www.atheniansa.gr

January 2017

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Baltic Dry Index

PRICES TANKERS ($ MIO)

* Prices reflect Year’s End 2011* 2012* 2013* 2014* 2015* 2016* Jan-17

VLCC 5Y 55.6 56.0 55.8 77.1 80 60 62

VLCC 10Y 34.1 35.0 35.0 52.1 55 40 42

SUEZMAX 5Y 45.6 40.2 39.5 56.8 60 40 41

AFRAMAX 5Y 34.7 28.0 27.8 41.9 46 29 30

AFRAMAX10Y 19.3 16.3 16.3 26.8 31 18 19

PANAMAX5Y 30.9 24.3 24.3 33.4 35 28 29

45K 5Y D/H 25.8 23.0 23.3 23.8 28.9 22 22.5

45K 10Y D/H 15.8 15.5 15.7 15.2 19.6 15.5 15

45K 20Y 6.0 6.2 6.2 6.5 8.5 5.1 5.1

PRICES BULKERS ($ MIO)

* Prices reflect Year’s End 2011* 2012* 2013* 2014* 2015* 2016* Jan-17

CAPESIZE 5Y 36.3 32.0 43.9 39.5 25 24 25

CAPESIZE 10Y 26.8 20.5 31.0 27.8 13.6 15 16

CAPESIZE 15Y 15.2 12.7 18.2 16.3 8.5 8 9.2

CAPESIZE 20Y 10.5 9.3 10.1 9.0 5.6 5.5 5.7

PANAMAX 5Y 26.4 18.0 25.6 20.1 14 14 15

PANAMAX 10Y 18.6 12.5 17.9 14.6 8.5 8.5 9.5

PANAMAX 15Y 12.4 8.3 12.0 10.0 5 5.4 6.3

PANAMAX 20Y 8.1 5.4 7.5 5.4 3.6 3.6 4

SUPRAMAX 5Y 26.4 23.3 24.3 20.8 13.6 14 15

http://www.atheniansa.gr/

www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.

2

S E C O N D H A N D S A L E S & C H A R T E R F I X T U R E T R E N D S

0.0

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80.0

90.0

Pri

ce (

USD

Mio

)

Monthly Tanker Market Trend

VLCC 5Y VLCC 10Y SMAX 5Y AMAX 5Y

AMAX 10Y PMAX 5Y 45K 5Y D/H 45K 10Y D/H

0

10000

20000

30000

40000

50000

60000

70000

Pri

ce (

USD

)

Monthly 1 Yr TC Rates

VLCC 1 Yr T/C SMAX 1 Yr T/C AMAX 1 Yr T/C

PMAX 1 Yr T/C MR 1 Yr T/C

0.0

10.0

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Pri

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(USD

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Monthly Bulk Carrier Market Trend

CAPE 5Y CAPE 10Y CAPE 15Y

PMAX 5Y PMAX 10Y PMAX 15Y

SUPRA 5Y HMAX 10Y HMAX 15Y

0

5000

10000

15000

20000

25000

30000

35000

Pri

ce (

USD

)

Monthly 1 Yr TC Rates

CAPE 1 Yr T/C PMAX 1 Yr T/C

SUPRA 1 Yr T/C HMAX 1 Yr T/C



3

S E C O N D H A N D T O N N A G E M A R K E T

*Excluding demolition sales

Sale and Purchase Market

Ship Type Aug-16 Sep-16 Oct-16 Nov-16 Dec-16 Jan-17 Total

BULK 50 43 49 72 41 63 318 TANK 25 12 19 26 20 26 128 GAS 2 2 4 3 3 1 15 CONT 8 9 4 10 17 9 57 TWEEN/MPP 2 2 4 2 0 2 12 REEF 0 0 0 0 0 0 0 RORO 0 2 0 0 1 1 4 FERRY 0 0 0 0 1 2 3 CRUISE 0 0 0 0 0 0 0

Total 87 70 80 113 83 104 537

190

63

189

41

0

50

100

150

200

THIS MONTH - PREVIOUS MONTH

S&P Activity Dry (>5,000 Dwt)

AVAILABLE FOR SALE

REPORTED SOLD

PREVIOUS MONTH A/BLE FORSALEPREVIOUS MONTH SALES

156

26

118

20

0

50

100

150

200

THIS MONTH - PREVIOUS MONTH

S&P Activity Tankers (>5,000 Dwt)

AVAILABLE FOR SALE

REPORTED SOLD

PREVIOUS MONTH A/BLE FORSALEPREVIOUS MONTH SALES



4

TANKER SALES

NAME DWT BLT PRICE $ BUYER

MELANIE 2562 1983 BULGARIA DH 0.7 MIO UNDISCLOSED STRAITVIEW 3550 2007 TURKEY DH 4 MIO POLISH (Marineline) YONG CHENG 58 5717 2012 CHINA DH 11.4 MIO NANJING SHENGHANG (STST) YONG SHENG HUA 7 7849 2011 CHINA DH 11 MIO NANJING SHENGHANG (epoxy) CRYSTAL NORD 8143 1994 BULGARIA DH 4 MIO POLISH (STST) EA SIRIUS 12886 2009 KOREA DH 11.5 MIO PHILIPPINO GLOBAL CERES 12999 2009 JAPAN DH 12.5 MIO AMA (Marineline) QUERCIANELLA 13776 2004 ITALY DH 12.8 MIO UNDISCLOSED (Epoxy. Via Auction) DAVINO D 14246 2005 JAPAN DH 14 MIO CHEMSHIP (STST) FAIRCHEM MAVERICK 19800 2012 JAPAN DH 24 MIO NORWEGIAN

FAIRCHEM FRIESIAN 21206 2009 JAPAN DH 21.5 MIO ENBLOC BSS▼ FAIRCHEM CHARGER 21206 2009 JAPAN DH 21.5 MIO TUFTON (Price each. STST)

WALNUT EXPRESS 45729 2004 JAPAN DH 10.7 MIO GREEK (Epoxy) IMBONDEIRO 45999 1998 KOREA DH 5 MIO WILMAR KING DORIAN 73611 2007 CHINA DH 15 MIO UNDISCLOSED (Epoxy) EAGLE STEALTH 105322 2001 JAPAN DH 11.5 MIO WINSON OIL

RATNA SHRUTI 105746 2008 KOREA DH 22.2 MIO ENBLOC BSS▼ RATNA SHRADHA 105777 2008 KOREA DH 22.2 MIO ENBLOC BSS▼ RATNA NAMRATA 105830 2008 KOREA DH 22.2 MIO ENBLOC BSS▼ RATNA SHALINI 105849 2010 KOREA DH 25.4 MIO GREEK (Price each)

SIFNOS 150875 1999 JAPAN DH 12.3 MIO GREEK AEGEAN NAVIGATOR 159040 2007 KOREA DH 31 MIO INDIAN (Long subs) BW UTAH 299498 2001 KOREA DH 21 MIO UNDISCLOSED HULL S771 300000 2017 KOREA DH 81.5 MIO GREEK (On subs) OS CONCORD 301345 1996 KOREA DH 17 MIO SENTEK GENER8 POSEIDON 305796 2002 KOREA DH 25 MIO UNDISCLOSED

543

349

857

320

420

520

620

720

820

920

6 9 12 15 18 21 24 27 30 33 36 39 42 45 48 51 2 5

WEEK NO

Baltic Clean Tanker - Yearly

2017 2016

867

500

1048

400

500

600

700

800

900

1000

1100

6 9 12 15 18 21 24 27 30 33 36 39 42 45 48 51 2 5

WEEK NO

Baltic Dirty Tanker - Yearly

2017 2016

867

616 603

350

450

550

650

750

850

950

03/01/2017 10/01/2017 17/01/2017 24/01/2017 31/01/2017

Baltic Clean Tanker - Monthly

1088

1001

901

750

850

950

1050

1150

03/01/2017 10/01/2017 17/01/2017 24/01/2017 31/01/2017

Baltic Dirty Tanker - Monthly



5

GAS SALES

NAME DWT BLT CBM PRICE $ BUYER

HUA NAN 3 3218 2011 CHINA 3628 5.22 MIO CHINESE (Via Auction)

33000

17400

20740

0

10000

20000

30000

40000

50000

60000

70000

Jan-16 Mar-16 May-16 Jul-16 Sep-16 Nov-16 Jan-17

$/D

ay

Spot Market - Tankers VLCC

SUEZMAX

AFRAMAX

28250

21000 17500

10000

20000

30000

40000

50000

60000


$/D

ay

Period Market - Tankers 1 Year T/C

VLCC

SUEZMAX

AFRAMAX



6

BULKER SALES

NAME DWT BLT GEAR PRICE $ BUYER

TUO ZHAN 1 17832 1986 JAPAN CR 4X25 1.2 MIO ENBLOC BSS▼ TUO ZHAN 2 22271 1989 JAPAN CR 4X30 1.9 MIO CHINESE (Price each. Via Auction)

COMATCE STAR 23725 1995 JAPAN CR 4X30 2.3 MIO UNDISCLOSED BUYERS MAHONI 27239 1997 KOREA CR 4X30 2.43 MIO UNDISCLOSED (Via Auction) POAVOSA CHAMPION 27940 1996 JAPAN CR 4X30 2.7 MIO UNDISCLOSED PHOENIX ISLAND II 28202 2011 JAPAN CR 4X30 8 MIO GREEK CLIPPER ISE 28227 2012 JAPAN CR 4X30 8.5 MIO GREEK KRONOS ISLAND 28348 2013 JAPAN CR 4X30 9.3 MIO GREEK OCEAN BELLE 28418 2009 JAPAN CR 4X30 7 MIO GREEK JULES GARNIER 28656 2002 JAPAN CR 4X30 4.2 MIO UNDISCLOSED GENCO RELIANCE 29952 1999 JAPAN CR 4X30 3.5 MIO CHINESE

AEC DILIGENCE 31642 2002 JAPAN CR 4X30 5.4 MIO UNDISCLOSED (Incl TC Back to

Sellers) AZURE BAY 31700 2005 JAPAN CR 4X30 7 MIO GREEK ZHI JING 33076 2008 CHINA CR 4X25 4 MIO UNDISCLOSED

CHRISTIANE OLDENDORFF

33324 2010 CHINA CR 4X30 5.5 MIO ENBLOC BSS▼

CHRISTOFFER OLDENDORFF

33324 2010 CHINA CR 4X30 5.5 MIO GREEK (Price each)

ETERNAL OCEAN 33382 2013 JAPAN CR 4X30 13 MIO EUROPEAN

MARCAROLINA 33741 2010 KOREA CR 4X30 8.5 MIO ENBLOC BSS▼ MARCOLORADO 34904 2010 KOREA CR 4X30 8.5 MIO NORDIC (Price each)

TRADING FABRIZIA 35000 2011 KOREA CR 4X30 9 MIO GREEK BBC PLUTO 37495 2010 CHINA CR 4X30 8.5 MIO EUROPEAN HYUNDAI TREASURE 48821 2004 JAPAN CR 4X30 5 MIO UNDISCLOSED

559

448 402

390

440

490

540

590

03/01/2017 10/01/2017 17/01/2017 24/01/2017 31/01/2017

Baltic Handysize

2

843

722 679

660

710

760

810

860

03/01/2017 10/01/2017 17/01/2017 24/01/2017 31/01/2017

Baltic Supramax

2

807

1042

964

630

730

830

930

1030

1130

03/01/2017 10/01/2017 17/01/2017 24/01/2017 31/01/2017

Baltic Panamax

4

1759

1294 1167

900

1100

1300

1500

1700

1900

03/01/2017 10/01/2017 17/01/2017 24/01/2017 31/01/2017

Baltic Capesize

4 38



7

NEMTAS 2 48857 2005 JAPAN CR 4X30 8 MIO BANGLADESHI OCEAN ETERNITY 50630 2011 JAPAN CR 4X30 9.5 MIO UNDISCLOSED OMICRON PRIDE 51029 2001 JAPAN CR 4X30 5.4 MIO FAR EASTERN STEEL COURAGE 51215 2002 CHINA CR 4X30 4.1 MIO UNDISCLOSED NAVIOS APOLLON 52073 2000 JAPAN CR 5X30 5 MIO UNDISCLOSED NITON COBALT 52471 2004 JAPAN CR 4X30 6.2 MIO UAE BASED (Via Auction) PACIFIC SEA 53589 2004 CHINA CR 4X30 4.9 MIO GREEK KARAWEIK 54049 2006 JAPAN CR 4X30 8.1 MIO GREEK (On subs) FEDERAL FRANKLIN 55303 2008 JAPAN CR 4X30 10.5 MIO GREEK ORIENT PHOENIX 55840 2007 JAPAN CR 4X30 9.5 MIO EUROPEAN SANTA ISABELLA 55862 2006 JAPAN CR 4X30 8.9 MIO GREEK MEDI IMABARI 56047 2008 JAPAN CR 4X30 10.5 MIO GREEK NEW CALEDONIA MARU 58086 2013 PHILIPPINES CR 4X30 14.2 MIO UNDISCLOSED HALICARNASSUS V 58729 2009 CHINA CR 4X30 11.1 MIO UNDISCLOSED HULL DY 161 63500 2017 CHINA CR 4X35 18.5 MIO GREEK MILOS ISLAND 63500 2016 CHINA CR 4X35 18.3 MIO GREEK AGIA PISTI 72493 1999 JAPAN GLESS 4.6 MIO UNDISCLOSED GENERAL GUISAN 73035 1999 CHINA GLESS 4.1 MIO CHINESE NYON 73035 1999 CHINA GLESS 4.1 MIO CHINESE JUN JIE 74005 2000 JAPAN GLESS 4.8 MIO CHINESE EVER SHINING 74346 1999 JAPAN GLESS 4.6 MIO CHINESE NORDELBE 75259 2001 KOREA GLESS 5.1 MIO CHINESE BUBALIN 76417 2004 JAPAN GLESS 7.3 MIO GREEK RED JASMINE 76596 2006 JAPAN GLESS 8 MIO GREEK MEDI VENEZIA 76602 2005 JAPAN GLESS 7.8 MIO GREEK MAVERICK GENESIS 80705 2010 KOREA GLESS 13 MIO UNDISCLOSED (Via Auction) EPSON TRADER II 82123 2009 JAPAN GLESS 12.3 MIO GREEK CATHRIN OLDENDORFF 93246 2011 CHINA GLESS 12.5 MIO ULTRAPETROL N ODESSA 114536 2012 CHINA GLESS 13 MIO GREEK N BUCHANAN 114688 2011 CHINA GLESS 13 MIO GREEK BULK PROSPERITY 172589 2001 JAPAN GLESS 8 MIO SHINYO N FOS 179147 2010 KOREA GLESS 21 MIO GREEK

DONG-A ETHER 179213 2011 KOREA GLESS * ENBLOC BSS▼ DONG-A ETHER 179221 2010 KOREA GLESS 45.6 MIO WINNING (Ttl Price)

FH ZHOUSHAN 180000 2017 CHINA GLESS 28.9 MIO OLDENDORFF CAPE RICH 180133 2011 CHINA GLESS 17.5 MIO WINNING PLEIADES DREAM 180140 2009 JAPAN GLESS 18.5 MIO GREEK

MORITZ OLDENDORFF 199989 2013 CHINA GLESS * ENBLOC BSS▼ VALLEY STAR 205123 2013 CHINA GLESS * ENBLOC BSS▼ WISH STAR 205797 2015 CHINA GLESS * ENBLOC BSS▼ SUPER STAR 205855 2014 CHINA GLESS 115.5 MIO HUNTER (Ttl Price)



8

CONTAINER SALES

NAME DWT BLT GEAR TEU PRICE $ BUYER

CANOPUS 9193 2004 GERMANY GLESS 750 2.8 MIO GERMAN CONTSHIP RAY 13760 2008 CHINA CR 2X45 1118 5 MIO UNDISCLOSED PERLA 13908 2007 CHINA GLESS 1115 4.5 MIO KOREA LINE

WEHR WARNOW 33691 2002 GERMANY CR 3X45 2524 3.9 MIO ENBLOC BSS▼ WEHR TRAVE 33795 2002 GERMANY CR 3X45 2524 3.8 MIO ISTC (Price each)

HAMMONIA PESCARA 50849 2009 KOREA GLESS 4253 6.3 MIO KOREA LINE

NORTHERN GENIUS 53874 2008 KOREA GLESS 4294 6.5 MIO ENBLOC BSS▼ NORTHERN GLEAM 53874 2008 KOREA GLESS 4294 6.5 MIO CHINESE (Price each)

DIGNITY 54254 2010 KOREA GLESS 4380 6.9 MIO CMB

MPP/TWEEN SALES

NAME DWT BLT GEAR TEU PRICE $ BUYER

HR MARGARETHA 17539 1999 NETHERLANDS CR 3X60 962 2 MIO ENBLOC BSS▼ HR MARION 17539 1999 NETHERLANDS CR 3X60 962 2 MIO UNDSCLSD (Price each)

RORO/PASS SALES

NAME GT BLT LMTRS/CARS PAX PRICE $ BUYER

REGULA 3774 1971 GERMANY 350/105 800 4 MIO ESTONIAN ALASTAIR 3633 1970 GERMANY 372/… 24 1.2 MIO GREEK SLOMAN PROVIDER 7260 2000 TURKEY 375/… 12 2 MIO GREEK

10450

7300

6450

02000400060008000

100001200014000160001800020000


$/D

ay

Spot Market - Bulkers CAPESIZE

PANAMAX

HANDYMAX

12600

8350

7250

4100

5100

6100

7100

8100

9100

10100

11100

12100

13100


$/D

ay

Period Market - Bulkers 1 Year T/C CAPE

PMAX

HANDYMAX

44



9

N E W B U I L D I N G M A R K E T A N D R E P O R T E D C O N T R A C T S

Ship Type 2017 2018 2019+ Total

Capesize 87 52 25 164

Panamax 152 32 5 189

Supra/Hmax 279 35 10 324

Handies 204 50 22 276

Total 722 169 62 953


ULCC/VLCC 53 44 2 99

Suezmax 73 18 0 91

Aframax 83 46 4 133

Panamax 36 16 3 55

MR+Small 212 75 57 344

Total 457 199 66 722


VLGC 31 6 8 45

LGC 0 0 0 0

MR 28 12 1 41

Handy 15 6 0 21

Small 5 2 0 7

Total 79 26 9 114

82

53.5

43.5

32.5

20

40

60

80

100

120

Jan-15 May-15 Sep-15 Jan-16 May-16 Sep-16 Jan-17

$m

Tanker Prices VLCC Suezmax

Aframax MR

1

5

3

42

24.5

22.3

19.5

10

15

20

25

30

35

40

45

50

55

60

Jan-15 May-15 Sep-15 Jan-16 May-16 Sep-16 Jan-17

$m

Bulker Prices Capesize Panamax

Handymax Handysize

5



10

398

79

8

235

47

0

208

80

3 0

100

200

300

400

500

2015 2016 Jan-17

No

. o

f V

es

se

ls

Newbuilding Sales Tankers >10,000 dwt

Bulkers >10,000 dwt

Containerships

58.1

19.4

8

35.6

22.2

1.6

0

10

20

30

40

50

60

70

Jan-17 2018 2019+

m. d

wt

Delivery Schedule Bulkers >10,000 dwt.

Tankers >10,000 dwt

30.5

14.3 15

4

12

0

5

10

15

20

25

30

35

January 2017

m.

dw

t

Tanker Newbuildings on Order VLCC Suezmax

Aframax Panamax

Products

40.6

15.5

19.6

9.9

0

5

10

15

20

25

30

35

40

45

January 2017

m. d

wt

Bulker Newbuildings on Order Capesize Panamax

Handymax Handysize

Newbuilding Historical Prices ($m)

Tankers Jan-17 2016 2015 2014 2013 2012 2011 2010 2008 2005 2000 1995 1990 1985

310,000 DWT1 82 84.5 93.7 97.3 93.8 93.2 98.9 104.8 150 120 76.5 85.3 87.4 2 38.2

170,000 DWT1 53.5 54.5 63 65.5 59.6 57.1 60.3 66.3 90 71.5 52.5 54 66.1 2 28.2

110,000 DWT1 43.5 44.5 52 53.6 52.2 48.5 52.2 56 74 58 41.5 43.3 53.2 2 18.1

47,000 DWT1 32.5 32.5 35.4 36.8 34.6 33.8 35.2 36.1 46.5 43 29.5 33.2 3 32.1 3 13.3

Bulkers

180,000 DWT1 42 42 46 54.2 53.6 45.7 48.4 57.2 87 58.5 40.5 42.3 60.2 29.3

73,000 DWT1 24.5 24.5 25.7 29 27.8 25.6 28.7 34.3 45.5 36 22.5 27.9 30 13.4

45,000 DWT 22.3 22.3 24.1 27.2 26.5 23.7 26.7 31.1 41 31 20.5 24.1 25.3 12.4

29,000 DWT 19.5 19.5 20.3 22.8 22.2 20.5 22.2 26.3 31 25.5 15 19.2 21.3 9.7 1 Before 2001 sizes to read 280,000 - 140,000 - 95,000 - 40,000 respectively for tankers and 150,000 - 69,000 for Bulkers 2 Single Hull 3 30,000

DWT (note: above is for vessels built Japan / Korea, you should also consider US$ / Yen / Won relation for the years mentioned)



11

The Shipbuilding Market TYPE DWT BUILDER DELIVERY PRICE $ OWNER NOTES

Accom. Unit 3200 Ulstein Ulsteinvik 2018 Acta Group

Bunkering 7500 Huangpu Wenchong 2018 Harley Marine

Bunkering 7500 Huangpu Wenchong 2018 Harley Marine

Chem & Oil 50000 Hyundai Mipo 2018 Sangji Shipping

Chem & Oil 51000 Minami Nippon 2019 Asahi Tanker Co.

Chem & Oil 19700 Jinhai Heavy Ind 2019 Wilmar International

Chem & Oil 19700 Jinhai Heavy Ind 2019 Wilmar International

Chem & Oil 19700 Jinhai Heavy Ind 2019 Wilmar International Option




Chem & Oil 51000 Minami Nippon 2019 Asahi Tanker Co.

Container 30000 Huangpu Wenchong 2018 Eimskip



Container 30000 Huangpu Wenchong 2019 Eimskip Option



Hydrographic 3357 Fr. Fassmer 2020 114.00 BSH Euro

L.N.G. 94600 Daewoo (DSME) 2020 Maran Gas Maritime Option

L.N.G. 94600 Daewoo (DSME) 2020 Maran Gas Maritime Option

L.P.G. 16000 Jiangnan SY Group 2019 Hyproc Shipping Co.

L.P.G. 16000 Jiangnan SY Group 2019 Hyproc Shipping Co. Option

LNG Bunker. 7500 Unknown S'pore 2018 Pavilion

LNG Bunker. 7500 Unknown S'pore 2018 Pavilion

LNG/Regas 80000 Daewoo (DSME) 2020 Maran Gas Maritime

LNG/Regas 92000 Hyundai HI (Ulsan) 2018 Hoegh LNG

LNG/Regas 92000 Samsung HI 2019 Hoegh LNG

LNG/Regas 92000 Samsung HI 2019 Hoegh LNG Option



Pass/Car F. 3100 Bonny Fair Hvy Ind 2019 Zhanjiang Shpg

Pass/Car F. 3100 Bonny Fair Hvy Ind 2019 Zhanjiang Shpg

Pass/Car F. Havyard Leirvik 2018 166.67 Fjord1 AS NKM



Pass/Car F. VARD Brevik 2018 300.00 Torghatten Nord AS NKM

Pass/Car F. VARD Brevik 2018 300.00 Torghatten Nord AS NKM

Products 114000 Daehan Shipbuilding 2018 Ship Finance Intl

Products 114000 Daehan Shipbuilding 2018 Ship Finance Intl

Products 114000 Daehan Shipbuilding 2018 Ship Finance Intl Option

Products 114000 Daehan Shipbuilding 2018 Ship Finance Intl Option

RoPax 6420 Amur Shipyard 2018 JSC STLC

RoPax 6420 Amur Shipyard 2018 JSC STLC

TSH Dredger 15000 Huangpu Wenchong 2019 Shenhua Huanghua



12

D E M O L I T I O N M A R K E T

Demolition Historical Data

330

180

230

280

330

380

430

480

530

580

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC

USD

/to

n

Price Tankers* 2014 2015

2016 2017

*India month's end prices

315

180

230

280

330

380

430

480

530

580

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC

USD

/to

n

Price Bulkers* 2014 2015

2016 2017

*India month's end prices

25.6

14.5

4.9 2.35

4.6 3.8

15.9 16.7 18.9

15.5 18

15.6

25

30.5

22.4

28.4 28.5 27

10 5.5 6.5 5

12

28.9 25.7

31.58

50.3

41.8

34.3 38.8

44.6

4

0

10

20

30

40

50

60

Mill

ion

dw

t

Total Demolition (Dwt)

* Bss reported sales

Demolition Prices Gen Cargo Tanker

India USD 315 /lt Ldt USD 330 /lt Ldt

Bangladesh USD 325 /lt Ldt USD 340 /lt Ldt

Pakistan USD 315 /lt Ldt USD 335 /lt Ldt

China USD 240 /lt Ldt USD 250 /lt Ldt



13

HISTORICAL DEMOLITION PRICES (*Indian Year’s End)

1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 CURR.

TANK 136 174 135 174 262 362 302 405 507 287 338 485 482 405 435 425 300 300 330 BULK 143 170 135 181 267 381 332 392 472 268 328 437 456 375 410 400 285 280 315

India

TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS

BULK CHENAN 25554 1992 9300 310 Guaranteed green recycling

BULK ATOUT 72873 1994 10654 340 Sub-cont options. Incl 500T ROB

BULK ORE BRUCUTU 251191 1986 29122 296 Delivery India

CONT RT DAGR 20976 1998 7413 337

CONT ELENI I 22250 1996 7400 330 As is Yantian

CONT SONOMA 22384 1997 7430 341

CONT OEL DUBAI 34894 1997 11800 340

CONT AL ENTERPRISE 61441 2003 22444 336 As is Davao incl ROB for voy

CONT MSC EUGENIA 65535 1992 22078 325 Inward clearance Buyers' account

CONT ZIM SAVANNAH 66937 2004 20896 330 As is Singapore incl ROB for voy

CONT HS COLUMBIA 68100 2001 23312 330 As is Singapore incl ROB for voy

CONT HAMMONIA FRANCIA 73325 2004 23762 344

TANK PACIFIC STREAM 24728 1985 7711 540 Incl 1130T STST

TWEEN HAMRA 8729 2001 3290 295 Heavylift. As is Singapore

Bangladesh


BULK MERATUS SPIRIT 1 13226 1988 5337 285

BULK PIRI REIS 28515 1997 6295 273

BULK NATTY 159829 1997 21223 347 Incl 1200T ROB

BULK TANGO 160013 1997 21039 347 En bloc with Natty.

BULK EVA N 218283 1997 27547 320 As is Singapore incl ROB for voy.

BULK BING N 322941 1992 36027 320 As is Singapore incl 1000T ROB.

COMCO BERGE FJORD 310698 1987 46250 345

CONT CRESCO 22900 1996 7700 335

CONT KOTA WISATA 24155 1994 7005 322

CONT UTE OLTMANN 33964 1998 10561 305

CONT MARE BRITANNICUM 52181 2000 16175 325

CONT VENEZIA 68086 2001 23326 325

RORO STRAITS VOYAGER 13491 1987 10290 308 Car Carrier

TANK HUA MING 28809 1988 7221 300 TANK HUA SHENG 32325 1987 10268 300

0

100

200

300

400

500

600

USD

/to

n

Historical Demolition Prices (India Year's End)

TANKERS

BULKERS

Avg. Trend



14

China


CONT SEA-LAND INTREPID 59840 1997 18895 235 Guaranteed green recycling

Pakistan


BULK EASTGATE S 27877 1990 6058 310 BULK CORNAVIN 169963 1999 20535 344 Full sub-cont options

Turkey


N/A N/A N/A

Other


BULK LONG FU STAR 171039 1996 19992 329 Option Bangladesh/Pakistan

CONT BALTRUM TRADER 34017 1999 10555 327 As is Singapore incl 300T ROB

CONT OEL KHALEEJ EXPRESS 59840 1995 18895 327 As is Fujairah incl ROB for voy



15

H I S T O R I C A L B U N K E R P R I C E S

HISTORICAL BUNKER PRICES

Rotterdam Fujeirah Houston

380 cst MGO 380 cst MGO 380 cst MGO

1993 67 150.5 70 202.5 71.1 160.6

1994 86 133.2 80.9 182.6 80.8 148.8

1995 97 140.6 94.6 175.8 93.2 148

1996 107 175.1 104.4 207.5 105.8 186

1997 92 155.4 99.3 205.6 97.3 179.9

1998 66.5 112.2 69.2 152.2 67.2 136.9

1999 94 133 98.5 157.2 93.3 143.9

2000 139 231.6 155.3 263.5 136 255.7

2001 116 192.4 129.7 244.7 112.8 227.5

2002 135 188.2 145.9 222.8 134 196

2003 151 230.4 166.3 265.2 160.2 265.1

2004 154 313.4 176.7 359.3 167.3 328.7

2005 236 458.4 256.6 500.1 248.3 508.5

2006 195 524.1 310.9 631.8 303 562.3

2007 347 571.3 373.7 664.7 351.8 608.6

2008 469 850.7 509.4 1037.7 496.8 933.2

2009 355 490.6 372.8 657 360.7 525

2010 452 667.1 468.2 712.9 449.3 683

2011 548 848.6 587.5 897.5 542.1 862.4

2012 585 920 606 1005 610 1005

2013 585 920 620 1010 580 985

2014 310 570 350 880 315 695

2015 140 311 170 560 140 360

2016 307 472 340 546 310 525

Jan-17 297 474 319 555 292 515

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/to

n

Bunkers Cost (380 cst)

Rotterdam

Fujeirah

Houston

Average Trend

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200

400

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1000

1200

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/to

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Bunkers Cost (MGO)

Rotterdam

Fujeirah

Houston

Average Trend



16

M A R K E T I N D I C A T O R S

GBP CAD EUR JPY CHF USD

AUD

GBP 1 0.61098 0.85762 0.00705 0.80469 0.79919 0.6047

CAD 1.63615 1 1.40338 0.01153 1.31677 1.30782 0.98955

EUR 1.16576 0.71235 1 0.00822 0.93823 0.93178 0.70506

JPY 141.83 86.67 121.66 1 114.15 113.37 85.78

CHF 1.24231 0.75914 1.06561 0.00876 1 0.99298 0.75133

USD 1.25105 0.7645 1.07307 0.00882 1.00685 1 0.75664

AUD 1.65312 1.0102 1.41799 0.01165 1.33043 1.32139 1 * 01/02/2017 values

60

70

80

90

100

110

120

130

0.40

0.60

0.80

1.00

1.20

1.40

1.60

1.80

USD

-JP

Y

USD

-EU

R

Currencies USD-EUR

USD-JPY

0.00

20.00

40.00

60.00

80.00

100.00

120.00

140.00

160.00

$/B

arre

l

Brent Oil



17

S T O C K W A T C H

NAME TICKER THIS MONTH* LAST MONTH CHANGE % 52w HIGH 52w LOW

Capital Product Partners CPLP 3.69 3.20 15.3 4.76 2.41

Diana Shipping Inc. DSX 4.14 3.08 34.4 4.97 1.95

Dryships Inc. DRYS 5.05 3.75 34.7 2227.20 1.97

Dynagas LNG Partners LP DLNG 16.42 15.84 3.7 17.60 7.06

Eagle Bulk Shipping Inc. EGLE 6.29 5.87 7.2 70.00 4.06

Euroseas Ltd. ESEA 1.77 1.84 -3.8 8.07 1.04

Freeseas Inc. FREE 0.00 0.00 0 528.00 0.00

Costamare Inc. CMRE 5.31 5.61 -5.3 11.00 5.07

Navios Maritime Holdings NM 1.96 1.40 40 2.40 0.57

GasLog Ltd. GLOG 16.70 16.30 2.5 17.85 6.03

Paragon Shipping Inc. PRGN 0.11 0.11 0 4.66 0.08

Safe Bulkers Inc. SB 1.50 1.15 30.4 2.38 0.36

Star Bulk Carriers Corp. SBLK 8.69 5.09 70.7 9.50 1.95

Stealthgas Inc. GASS 3.89 3.50 11.1 5.18 2.45

TEN Inc. TNP 4.73 4.68 1.1 6.79 3.92

TOP Ships Inc. TOPS 2.21 2.32 -4.7 8.40 1.45

Box Ships Inc. TEUFD 0.36 0.01 2933.6 10.00 0.25

Diana Containerships Inc. DCIX 3.05 2.91 4.8 26.17 2.00

Danaos Corporation DAC 2.55 2.70 -5.6 5.49 2.15

Aegean Marine Petroleum ANW 11.05 10.10 9.4 13.10 5.00 31/01/2017 closing values

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Disclaimer: Information and data that appear in this report have been obtained from various sources which are believed to be correct and reliable. However, Athenian Shipbrokers S.A. does not guarantee their accuracy or completeness and therefore cannot be held liable for any loss incurred as a result of reliance in any way whatsoever on the information contained herein. Kind Regards,

ATHENIAN SHIPBROKERS S.A.


ATHENIAN SHIPBROKERS S.A. · 2017. 2. 1. · imbondeiro 45999 1998 korea dh 5 mio wilmar king...

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