ATHENIAN SHIPBROKERS S.A. · 2018. 2. 8. · ATHENIAN SHIPBROKERS S.A. 3 S E C O N D H A N D T O N...

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 2018

M O N T H L Y R E P O R T

♦Prior 2017 76-78k dwt

0

500

1000

1500

2000

2500

Jan

-13

Mar

-13

May

-13

Jul-

13

Sep

-13

No

v-1

3

Jan

-14

Mar

-14

May

-14

Jul-

14

Sep

-14

No

v-1

4

Jan

-15

Mar

-15

May

-15

Jul-

15

Sep

-15

No

v-1

5

Jan

-16

Mar

-16

May

-16

Jul-

16

Sep

-16

No

v-1

6

Jan

-17

Mar

-17

May

-17

Jul-

17

Sep

-17

No

v-1

7

Jan

-18

Baltic Dry Index

PRICES TANKERS ($ MIO)

* Prices reflect Year’s End 2012* 2013* 2014* 2015* 2016* 2017* Jan-18

VLCC 5Y 56.0 55.8 77.1 80 60 64 63

VLCC 10Y 35.0 35.0 52.1 55 40 41 40

SUEZMAX 5Y 40.2 39.5 56.8 60 40 43 42

AFRAMAX 5Y 28.0 27.8 41.9 46 29 32 32

AFRAMAX10Y 16.3 16.3 26.8 31 18 22 22

PANAMAX5Y 24.3 24.3 33.4 35 28 28 28

47K 5Y D/H 23.0 23.3 23.8 28.9 22 25 25

45K 10Y D/H 15.5 15.7 15.2 19.6 15.5 17.5 17.5

45K 20Y 6.2 6.2 6.5 8.5 5.1 5.5 5

PRICES BULKERS ($ MIO)

* Prices reflect Year’s End 2012* 2013* 2014* 2015* 2016* 2017* Jan-18

CAPESIZE 5Y 32.0 43.9 39.5 25 24 33 33

CAPESIZE 10Y 20.5 31.0 27.8 13.6 15 20.5 23.5

CAPESIZE 15Y 12.7 18.2 16.3 8.5 8 13 14

CAPESIZE 20Y 9.3 10.1 9.0 5.6 5.5 7 7

KAMSARMAX 5Y 18.0 25.6 20.1 14 14 22.5 23.5

PANAMAX 10Y 12.5 17.9 14.6 8.5 8.5 14.5 14.5

PANAMAX 15Y 8.3 12.0 10.0 5 5.4 11 11

PANAMAX 20Y 5.4 7.5 5.4 3.6 3.6 6.5 6.5

SUPRAMAX 5Y 23.3 24.3 20.8 13.6 14 17.5 17.5

SUPRAMAX 10Y 13.0 17.4 13.8 8 9.5 13.5 14

HANDYMAX15Y 8.7 10.9 9.1 4.5 5.8 9.5 10

HANDYMAX20Y 6.3 6.4 6.2 3.5 2.8 6.5 6.5

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

10.0

20.0

30.0

40.0

50.0

60.0

70.0

80.0

90.0

Pri

ce (

USD

Mio

)

Monthly Tanker Market Trend

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

AMAX 10Y PMAX 5Y 47K 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

20.0

30.0

40.0

50.0

60.0

Pri

ces

(USD

Mio

)

Monthly Bulk Carrier Market Trend

CAPE 5Y CAPE 10Y CAPE 15Y

KMAX 5Y PMAX 10Y PMAX 15Y

SUPRA 5Y SUPRA 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-17 Sep-17 Oct-17 Nov-17 Dec-17 Jan-18 Total

BULK 41 46 58 53 49 55 302 TANK 13 13 20 16 23 15 100 GAS 3 1 1 1 2 2 10 CONT 6 12 21 9 13 12 73 TWEEN/MPP 5 0 1 2 0 2 10 REEF 0 0 0 0 0 0 0 RORO 0 0 0 0 0 0 0 FERRY 0 0 0 0 0 0 0 CRUISE 0 0 0 0 0 0 0

Total 68 72 101 81 87 86 495

228

55

209

49

0

100

200

300

THIS MONTH - PREVIOUS MONTH

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

AVAILABLE FOR SALE

REPORTED SOLD

PREVIOUS MONTH A/BLE FORSALEPREVIOUS MONTH SALES

178

15

139

23

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

CRANE JUPITER 8558 2002 JAPAN DH 6.5 MIO INDONESIAN (SUS316L) TEAM HOUSTON 13221 2008 KOREA DH 8.7 MIO AMA MARINE (Epoxy) TEAM OSLO 13226 2008 KOREA DH 8.8 MIO UNDISCLOSED (Epoxy) GREEN RAY 19940 2003 JAPAN DH 10.7 MIO INDONESIAN (SUS316L) SEAWAYS ALCMAR 46248 2004 KOREA DH 10.65 MIO UNDISCLOSED ARISTOTELIS 51000 2013 KOREA DH 29 MIO CHELSEA SHIPPING CORP (Epoxy) ENERGY CENTURY 70201 2003 KOREA DH 9.5 MIO SINGAPOREAN (DPP, SS/DD passed)

KING DARIUS 73634 2007 CHINA DH 14 MIO ENBLOC BSS▼ KING DUNCAN 73720 2008 CHINA DH 14 MIO UNDISCLOSED (Price Each)

EAGLE BEAUMONT 99448 1996 KOREA DH 7.5 MIO UNDISCLOSED VEGA VOYAGER 104864 2003 KOREA DH 10.8 MIO UNDISCLOSED RIDGEBURY ALICE M 105745 2003 JAPAN DH 11.3 MIO GREEK EURONIKE 164565 2005 KOREA DH 32.6 MIO PARETO EUROCHAMPION 2004 164608 2005 KOREA DH 32.6 MIO PARETO MARIKA 166739 2004 CROATIA DH 17.2 MIO UNDISCLOSED

GAS SALES

NAME DWT BLT CBM PRICE $ BUYER

SOLARO 38427 1996 ITALY 37314 8.9 MIO UNDISCLOSED EVERRICH 10 49679 1995 JAPAN 78462 18 MIO INDIAN

784

522

655 721

350

450

550

650

750

850

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

WEEK NO

Baltic Clean Tanker - Yearly

2018 2017

813

619

907

685

500

600

700

800

900

1000

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

WEEK NO

Baltic Dirty Tanker - Yearly

2018 2017

646

569

637

500

550

600

650

700

02/01/2018 09/01/2018 16/01/2018 23/01/2018 30/01/2018

Baltic Clean Tanker - Monthly

676

717

683

620

640

660

680

700

720

740

02/01/2018 09/01/2018 16/01/2018 23/01/2018 30/01/2018

Baltic Dirty Tanker - Monthly



5

6950 6530

11650

0

10000

20000

30000

40000

Jan-17 Mar-17 May-17 Jul-17 Sep-17 Nov-17 Jan-18

$/D

ay

Spot Market - Tankers VLCC

SUEZMAX

AFRAMAX

24000

17000

15000

10000

15000

20000

25000

30000


$/D

ay

Period Market - Tankers 1 Year T/C

VLCC

SUEZMAX

AFRAMAX



6

BULKER SALES

NAME DWT BLT GEAR PRICE $ BUYER

LUXURY SW 23519 1999 PHILIPPINES CR 4X30 4 MIO VIETNAMESE URANIA 24247 1998 PHILIPPINES CR 4 X30 4.2 MIO UNDISCLOSED VICTORIA SPIRIT 26482 1996 JAPAN CR 4X30.5 3.53 MIO UNDISCLOSED (Bank sale) KING CANOLA 28207 2013 JAPAN CR 4X30.5 10.9 MIO GREEK GLORIOUS SUNSHINE 28306 2009 JAPAN CR 4X30.5 8.5 MIO CANADIAN ATLANTIC ACE 28671 1999 JAPAN CR 4X30.5 4.75 MIO CHINESE BLUE OCEAN 31734 2005 JAPAN CR 4X30 9 MIO UNDISCLOSED APUANA D 31962 1998 JAPAN CR 4X30 4.5 MIO UNDISCLOSED IKAN JEBUH 33145 2011 JAPAN CR 4X30.5 12.5 MIO GREEK PPS AMBITION 33328 2013 JAPAN CR 4X30 14.7 MIO UNDISCLOSED (BWTS fitted) LONG HUA 34822 2010 CHINA CR 4X25 8.2 MIO CHINESE TRADING FABRIZIA 35000 2011 KOREA CR 4X35 10.3 MIO BLUEFIN MARINE (Via auction) NORD SHANGHAI 36746 2012 VIETNAM CR 4X30 13.4 MIO UNDISCLOSED OCEAN QUARTZ 37194 2012 KOREA CR 4X30 12 MIO CHINESE GLEAMING OASIS 37426 2007 JAPAN CR 4X36 9.5 MIO GREEK CASCADE 38737 2014 CHINA CR 4X30 15 MIO UNDISCLOSED FU XING 9 43383 1984 JAPAN CR 4X25 3.4 MIO CHINESE ARISTIMO 45584 1997 KOREA CR 4X30 5.4 MIO CHINESE RONG HAI 46601 1995 JAPAN CR 4X30 4.5 MIO CHINESE CALIX 46644 2000 JAPAN CR 4X30 8.2 MIO UNDISCLOSED HO FONG 46762 2001 JAPAN CR 4X30 7.5 MIO CHINESE NORDIC KIEL 48377 2001 JAPAN CR 4X30 8.2 MIO NINGBO SHENYU SHIPPING ALIKI P 50341 2001 JAPAN CR 4X30.5 9 MIO CHINESE AKILI 52301 2001 JAPAN CR 4X40 9.2 MIO CHINESE JAG RAHUL 52364 2003 PHILIPPINES CR 4X30 9.3 MIO UNDISCLOSED

600

580

573

550

570

590

610

630

02/01/2018 09/01/2018 16/01/2018 23/01/2018 30/01/2018

Baltic Handysize

2 884

913

884

860

870

880

890

900

910

920

02/01/2018 09/01/2018 16/01/2018 23/01/2018 30/01/2018

Baltic Supramax

2

1332

1428

1311

1492

1200

1250

1300

1350

1400

1450

1500

1550

1600

02/01/2018 09/01/2018 16/01/2018 23/01/2018 30/01/2018

Baltic Panamax

4

2820

2010

1445

1000

1500

2000

2500

3000

02/01/2018 09/01/2018 16/01/2018 23/01/2018 30/01/2018

Baltic Capesize

4 38



7

MARY LINA 52454 2007 JAPAN CR 4X30 13 MIO INDONESIAN HAYAMA STAR 52900 2006 JAPAN CR 4X30 11 MIO TAIWANESE MARINE STARS 53565 2006 CHINA CR 4X35 8.5 MIO UNDISCLOSED SAGE PIONEER 55303 2008 JAPAN CR 4X30 14 MIO UNDISCLOSED OCEAN PEARL 55557 2004 JAPAN CR 4X30 11 MIO UNDISCLOSED MAPLE ISLAND 55610 2010 JAPAN CR 4X30 15.4 MIO INDONESIAN ROSE BALSAM 55616 2011 JAPAN CR 4X30 16 MIO GREEK POSEIDON SW 55688 2008 JAPAN CR 4X30 12.5 MIO GREEK

DYNASTY SHANG 56573 2013 CHINA CR 4X36 13 MIO ENBLOC BSS▼ DYNASTY XIA 56629 2012 CHINA CR 4X30 12 MIO CHINESE (Price each)

TASMAN CASTLE 56868 2011 CHINA CR 4X35 11.7 MIO UNDISCLOSED SEA ATHENA 57034 2010 CHINA CR 4X30 11.2 MIO CHINESE SEA DIAS 57053 2010 CHINA CR 4X30 11.2 MIO CHINESE

DN VATAN 58419 2011 KOREA CR 4X36 * ENBLOC BSS▼ DN MILLET 58444 2011 KOREA CR 4X36 29.8 MIO GREEK (Ttl price)

AMIS BENEFIT 60000 2017 JAPAN CR 4X30 25.8 MIO UNDISCLOSED JULIAN 73613 2003 CHINA GLESS 9.3 MIO CHINESE ECOLA 73931 2001 CHINA GLESS 8.5 MIO CHINESE GENCO KNIGHT 73941 1999 JAPAN GLESS 7.2 MIO UNDISCLOSED GENCO VIGOUR 73941 1999 JAPAN GLESS 7.2 MIO UNDISCLOSED

SEAS 7 74475 2006 CHINA GLESS * ENBLOC BSS▼ SEAS 14 74476 2006 CHINA GLESS 22 MIO GREEK (Ttl price)

SEA TRELLIS 79501 2012 CHINA GLESS 15.5 MIO GREEK AZALEA SKY 80594 2012 JAPAN GLESS 22.5 MIO GREEK KEY SPRING 80596 2012 JAPAN GLESS 22.5 MIO GREEK BW ACORN 82589 2010 JAPAN GLESS 19 MIO GREEK AQUABEAUTY 171014 2003 JAPAN GLESS 14.5 MIO UNDISCLOSED KERKIS 177489 2006 JAPAN GLESS 22.5 MIO H LINE SHIPPING BULK INDIA 177640 2004 JAPAN GLESS 14.3 MIO GREEK CAPE MED 185827 2006 JAPAN GLESS 20.6 MIO UNDISCLOSED

11130 11940

8750

0

5000

10000

15000

20000

25000

30000


$/D

ay

Spot Market - Bulkers CAPESIZE

PANAMAX

HANDYMAX



8

CONTAINER SALES

NAME DWT BLT GEAR TEU PRICE $ BUYER

NOR FEEDER 5202 1998 GERMANY GLESS 508 2 MIO EUROPEAN ASIATIC BAY 12500 2007 TURKEY GLESS 1155 8.3 MIO UNDISCLOSED ASIATIC JADE 12545 2005 TURKEY GLESS 1155 7.5 MIO HAI AN SHIPPING DOLPHIN STRAIT 13858 2003 CHINA CR 2X45 1118 4 MIO FRENCH FSL BUSAN 16439 2003 GERMANY GLESS 1200 6.2 MIO UNDISCLOSED BAGAN STAR 16544 1998 JAPAN GLESS 1064 3.1 MIO UNDISCLOSED WINDHOEK 21442 2009 JAPAN CR 3X40 1577 10.5 MIO PORTLINE IS CHINA 21908 2008 JAPAN GLESS 1708 10.5 MIO UNDISCLOSED

HAIAN FAIR 23896 2007 GERMANY CR 1X45, CR1X40, CR1X36

1688 8.5 MIO UNDISCLOSED

O. M. AGARUM 27130 2008 CHINA CR 3X45 2015 7.5 MIO UNDISCLOSED O. M. IRIDIUM 27209 2008 CHINA CR 3X45 2015 7.5 MIO UNDISCLOSED CONSTANTIN S 33011 2006 JAPAN CR 3X45 2450 10.3 MIO SEA CONSORTIUM

MPP/TWEEN SALES

NAME DWT BLT GEAR TEU PRICE $ BUYER

HANSEATIC TRADER 4338 2001 NETHERLANDS GLESS 181 * ENBLOC BSS▼ WILSON HOLLA 4338 2002 NETHERLANDS GLESS 181 7 MIO UNDISCLOSED (Ttl Price)

18750

13250

11750

4100

6100

8100

10100

12100

14100

16100

18100

20100


$/D

ay

Period Market - Bulkers 1 Year T/C CAPESIZE

PANAMAX

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 2018 2019 2019+ Total

Capesize 65 60 40 165

Panamax 82 77 37 196

Supra/Hmax 107 48 24 179

Handies 121 37 16 174

Total 375 222 117 714


ULCC/VLCC 50 36 7 93

Suezmax 42 15 7 64

Aframax 73 33 25 131

Panamax 23 9 8 40

MR+Small 169 122 33 324

Total 357 215 80 652


VLGC 11 16 5 32

LGC 0 0 0 0

MR 15 6 0 21

Handy 11 2 0 13

Small 4 2 0 6

Total 41 26 5 72

83

56

45

34.5

20

40

60

80

100

Jan-16 May-16 Sep-16 Jan-17 May-17 Sep-17 Jan-18

$m

Tanker Prices VLCC Suezmax

Aframax MR

1

5

3

44

25.5 24

22

10

15

20

25

30

35

40

45

50

Jan-16 May-16 Sep-16 Jan-17 May-17 Sep-17 Jan-18

$m

Bulker Prices Capesize Panamax

Supramax Handysize

5



10

79

250

10

47

248

12

80

104

14

0

100

200

300

2016 2017 Jan-18

No

. o

f V

es

se

ls

Newbuilding Sales Tankers

Bulkers

Containerships

34.3

26.1

15.6

38.5

22.4

7.9

0

5

10

15

20

25

30

35

40

45

Jan-18 2019 2020+

m. d

wt

Delivery Schedule Bulkers

Tankers

29

9.9

14.9

3.1

11.3

0

5

10

15

20

25

30

35

January 2018

m.

dw

t

Tanker Newbuildings on Order VLCC Suezmax

Aframax Panamax

Products

43

16.2 10.8

5.9

0

5

10

15

20

25

30

35

40

45

50

January 2018

m. d

wt

Bulker Newbuildings on Order Capesize Panamax

Handymax Handysize

Newbuilding Historical Prices ($m)

Tankers Jan-18 2017 2016 2015 2014 2013 2012 2010 2008 2005 2000 1995 1990 1985

320,000 DWT1 83 81.5 84.5 93.7 97.3 93.8 93.2 104.8 150 120 76.5 85.3 87.4 2 38.2

170,000 DWT1 56 55 54.5 63 65.5 59.6 57.1 66.3 90 71.5 52.5 54 66.1 2 28.2

115,000 DWT1 45 44 44.5 52 53.6 52.2 48.5 56 74 58 41.5 43.3 53.2 2 18.1

47,000 DWT1 34.5 33.8 32.5 35.4 36.8 34.6 33.8 36.1 46.5 43 29.5 33.2 3 32.1 3 13.3

Bulkers

180,000 DWT1 44 44 42 46 54.2 53.6 45.7 57.2 87 58.5 40.5 42.3 60.2 29.3

81,000 DWT1 ♦ 25.5 25.5 24.5 25.7 29 27.8 25.6 34.3 45.5 36 22.5 27.9 30 13.4

62,000 DWT♦ 24 24 22.3 24.1 27.2 26.5 23.7 31.1 41 31 20.5 24.1 25.3 12.4

35,000 DWT♦ 22 22 19.5 20.3 22.8 22.2 20.5 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 ♦Prior 2017 to read 73 – 76k dwt, 45k dwt & 30k 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

Bulk 82000 Huangpu Wenchong 2019 Seacon Ships Mngt

Bulk 82000 Huangpu Wenchong 2019 Seacon Ships Mngt

Bulk 208000 CSBC (Kaohsiung) 2020 China Steel Express

Bulk 208000 CSBC (Kaohsiung) 2020 China Steel Express

Bulk 37800 Imabari SB (Imabari) 2020 Wisdom Marine Group

Bulk 37800 Imabari SB (Imabari) 2020 Wisdom Marine Group

Chem & Oil 50000 Hyundai Mipo 2019 Chios Navigation

Container 15000 Huangpu Wenchong 2020 U.S. Owner

Container 15000 Huangpu Wenchong 2020 U.S. Owner

Container 120000 Imabari SB Saijo 2020 Shoei Kisen Kaisha












Cruise 13000 Meyer Werft 2022 P&O Cruises (UK)

L.N.G 96000 Hyundai HI (Ulsan) 2020 Cardiff Marine

L.N.G 96000 Hyundai HI (Ulsan) 2020 Cardiff Marine Option

L.N.G 96000 Hyundai HI (Ulsan) 2020 Sovcomflot JSC

L.N.G 96000 Hyundai HI (Ulsan) 2020 Sovcomflot JSC Option

L.N.G. 95000 Samsung HI 2019 GasLog

L.P.G. 55000 Jiangnan SY Group 2020 China Gas Fortune

L.P.G. 55000 Jiangnan SY Group 2020 China Gas Fortune

L.P.G. 55000 Jiangnan SY Group 2020 66 mio Oriental Energy

L.P.G. 55000 Jiangnan SY Group 2020 66 mio Oriental Energy

L.P.G. 55000 Hyundai HI (Ulsan) 2019 Kuwait Oil Tanker



Ore 325000 Beihai Shipyard 2019 ICBC Leasing






Ore 325000 Beihai Shipyard 2021 ICBC Leasing Option



Ore 325000 New Times SB 2019 Pan Ocean






Pass/Car F. VARD Brevik 2019 Boreal Transport

Pass/Car F. Flensburger SB 2020 Eur 165.2 mio Irish Ferries

Pass/Car F. Shandong Huanghai SB 2019 Bohai Ferry

Pass/Car F. Shandong Huanghai SB 2020 Bohai Ferry Option

Products 23500 Fujian Mawei SB 2020 Ocean Tankers








12

Products 23500 Fujian Mawei SB 2020 Ocean Tankers Option



Spec. Dredger Socarenam 2019 24.40 mio GIE Dragages - Ports

Tanker 69000 GSI Nansha 2020 Shanghai North Sea

Tanker 310300 Namura Shipbuilding 2020 Kyoei Tanker



13

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

Demolition Historical Data

445

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* 2015 2016

2017 2018

*India month's end prices

425

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* 2015 2016

2017 2018

*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

35.2

2.8

0

10

20

30

40

50

60

Mill

ion

dw

t

Total Demolition (Dwt)

* Bss reported sales

Demolition Prices Gen Cargo Tanker

India USD 425 /lt Ldt USD 445 /lt Ldt

Bangladesh USD 415 /lt Ldt USD 430 /lt Ldt

Pakistan USD 440 /lt Ldt USD 455 /lt Ldt

China USD 210 /lt Ldt USD 230 /lt Ldt



14

HISTORICAL DEMOLITION PRICES (*Indian Year’s End)

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 CURR.

TANK 174 135 174 262 362 302 405 507 287 338 485 482 405 435 425 300 300 440 445 BULK 170 135 181 267 381 332 392 472 268 328 437 456 375 410 400 285 280 425 425

India

TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS

BULK BALTIC MEADOW 11044 1986 5985 443

BULK BRIGHTWAY 12334 1983 3917 445

GAS SIGLOO HAV 14520 1989 6791 745

REEF TRITON REEFER 9863 1990 4852 460

REEF GIBRALTAR 13303 1977 8064 467

TANK BREEZE 39542 1989 8116 460

TANK NORTE 40077 1991 9264 460

TANK VITO 147474 1994 22347 400

Bangladesh


BULK ALASKA ACE 6135 1981 2040 310

BULK AKIJ GLORY 42605 1985 7339 430

TANK UMNENGA 66895 1993 13085 438 TANK ABUL KALAM AZAD 92687 1999 18893 393 TANK CAP GEORGES 146652 1998 24901 381.5 TANK PLATA SUNRISE 302193 1999 42048 446

China


N/A N/A N/A

Pakistan


BULK INNOVATOR 149298 1993 17109 490 Basis "as is" Korea

Turkey


N/A N/A N/A

0

100

200

300

400

500

600

USD

/to

n

Historical Demolition Prices (India Year's End)

TANKERS

BULKERS

Avg. Trend



15

Other


BULK VADIBEL 41098 1984 7618 442 As is Qatar

BULK ENTERPRISE 168432 1997 20437 495 Indian Sub-Cont

TANK BREEZE 39542 1989 8116 460

TANK ASPHALT STAR 46432 1996 9600 390 As is Piraeus

TANK NORTHERN STAR 281050 1999 37957 410 As is Singapore

TANK DS VALENTINA 308491 2000 418 Sub-Continent

BULK VADIBEL 41098 1984 7618 442 As is Qatar



16

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

2017 367 579 376 627.5 356 612

Jan-18 374 598 394 667.5 360 625

0

100

200

300

400

500

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USD

/to

n

Bunkers Cost (380 cst)

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Fujeirah

Houston

Average Trend

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200

400

600

800

1000

1200

19

94

19

95

19

96

19

97

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20

00

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01

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02

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03

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11

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Jan

-18

USD

/to

n

Bunkers Cost (MGO)

Rotterdam

Fujeirah

Houston

Average Trend



17

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 0.5733 0.8769 0.0065 0.7564 0.7214 0.5699

CAD 1.7436 1 1.5291 0.0113 1.319 1.2487 0.9938

EUR 1.1402 0.6538 1 0.0074 0.8625 0.818 0.6498

JPY 154.436 88.5557 135.439 1 116.825 110.758 88.0203

CHF 1.3217 0.7579 1.1592 0.0086 1 0.9631 0.7533

USD 1.4174 0.8128 1.2431 0.0092 1.0722 1 0.8079

AUD 1.7543 1.0059 1.5386 0.0114 1.327 1.2503 1 * 31/01/2018 values

60

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100

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120

130

0.40

0.60

0.80

1.00

1.20

1.40

1.60

1.80

2.00

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



18

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 3.23 3.36 -3.9 4.00 3.10

Diana Shipping Inc. DSX 3.79 4.07 -6.9 6.20 3.45

Dryships Inc. DRYS 3.36 3.54 -5.1 6252.41 0.98

Dynagas LNG Partners LP DLNG 11.57 11.07 4.5 17.93 10.66

Eagle Bulk Shipping Inc. EGLE 4.74 4.54 4.4 6.70 4.18

Euroseas Ltd. ESEA 1.82 1.74 4.6 2.73 1.13

Costamare Inc. CMRE 6.61 5.84 13.2 8.18 5.15

Navios Maritime Holdings NM 2.09 1.27 64.6 2.66 1.45

GasLog Ltd. GLOG 20.20 22.30 -9.4 22.55 12.75 Safe Bulkers Inc. SB 3.44 3.18 8.2 3.84 1.23

Star Bulk Carriers Corp. SBLK 11.15 11.17 -0.2 13.40 7.57

Stealthgas Inc. GASS 4.35 4.38 -0.7 4.78 2.90

TEN Inc. TNP 3.63 3.96 -8.3 5.27 3.50

TOP Ships Inc. TOPS 0.21 0.26 -18.3 89108.40 0.18

Box Ships Inc. TEUFF 0.01 0.01 10 0.59 0.00

Diana Containerships Inc. DCIX 2.98 4.31 -30.9 20992.85 1.56

Danaos Corporation DAC 1.30 1.50 -13.3 3.20 1.25

Aegean Marine Petroleum ANW 4.75 4.25 11.8 13.00 3.20 * 01/02/2018 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. · 2018. 2. 8. · ATHENIAN SHIPBROKERS S.A. 3 S E C O N D H A N D T O N...

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Transcript of ATHENIAN SHIPBROKERS S.A. · 2018. 2. 8. · ATHENIAN SHIPBROKERS S.A. 3 S E C O N D H A N D T O N...