ATHENIAN SHIPBROKERS S.A. - Hellenic Shipping News...KEN SIRIUS 50337 2003 JAPAN CR 4x30.5 7.9 MIO...

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

July 2017

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

♦Prior 2017 76-78k dwt

0

500

1000

1500

2000

2500

Jul-

12

Sep

-12

No

v-1

2

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

Baltic Dry Index

PRICES TANKERS ($ MIO)

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

VLCC 5Y 55.6 56.0 55.8 77.1 80 60 64

VLCC 10Y 34.1 35.0 35.0 52.1 55 40 40

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 31

AFRAMAX10Y 19.3 16.3 16.3 26.8 31 18 20

PANAMAX5Y 30.9 24.3 24.3 33.4 35 28 26.5

47K 5Y D/H 25.8 23.0 23.3 23.8 28.9 22 24

45K 10Y D/H 15.8 15.5 15.7 15.2 19.6 15.5 16

45K 20Y 6.0 6.2 6.2 6.5 8.5 5.1 5.3

PRICES BULKERS ($ MIO)

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

CAPESIZE 5Y 36.3 32.0 43.9 39.5 25 24 32

CAPESIZE 10Y 26.8 20.5 31.0 27.8 13.6 15 20

CAPESIZE 15Y 15.2 12.7 18.2 16.3 8.5 8 14

CAPESIZE 20Y 10.5 9.3 10.1 9.0 5.6 5.5 7.5

KAMSARMAX 5Y♦ 26.4 18.0 25.6 20.1 14 14 21

PANAMAX 10Y 18.6 12.5 17.9 14.6 8.5 8.5 13.5

PANAMAX 15Y 12.4 8.3 12.0 10.0 5 5.4 9

PANAMAX 20Y 8.1 5.4 7.5 5.4 3.6 3.6 5.5

SUPRAMAX 5Y 26.4 23.3 24.3 20.8 13.6 14 16.3

SUPRAMAX 10Y 18.0 13.0 17.4 13.8 8 9.5 12

HANDYMAX15Y 11.1 8.7 10.9 9.1 4.5 5.8 7.5

HANDYMAX20Y 7.9 6.3 6.4 6.2 3.5 2.8 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 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Total

BULK 46 72 62 42 34 31 287 TANK 23 30 29 44 34 21 181 GAS 0 6 1 1 5 1 14 CONT 9 25 29 20 12 23 118 TWEEN/MPP 2 0 2 0 3 5 12 REEF 0 0 0 0 0 0 0 RORO 0 0 0 0 0 0 0 FERRY 0 0 0 1 0 0 1 CRUISE 0 0 0 0 0 0 0

Total 80 133 123 108 88 81 613

250

31

228

34

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

140

21

163

34

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

SOPHIA III 6388 2009 CHINA DH 3 MIO GREEK TEBRA 8416 1990 JAPAN DH 2.35 MIO HONG KONG BASED (STST) SUN JUPITER 8833 2002 JAPAN DH 6.5 MIO FAR EASTERN (STST) GLOBAL JUPITER 13001 2008 JAPAN DH 12 MIO UNDISCLOSED (STST) ORIENTAL CLEMATIS 14227 2006 JAPAN DB 13.9 MIO FAR EASTERN (STST) GLOBAL VIKA 16408 1999 JAPAN DH 6.5 MIO INDONESIAN (Epoxy) GOLDEN PACIFIC 17519 2012 CHINA DH 14.5 MIO UNDISCLOSED (Marineline 784) PINE GALAXY 19997 2004 JAPAN DH 12.5 MIO GREEK (SUS316L) TOREA 37069 2004 SOUTH KOREA DH 10.8 MIO FAR EASTERN (Epoxy) ACQUAVIVA 40113 2002 SOUTH KOREA DH 9.5 MIO UNDISCLOSED (Epoxy) MARITIME YUAN 45374 1998 CHINA DH 5 MIO UNDISCLOSED (Epoxy) MARLIN 46145 2000 SOUTH KOREA DH 7 MIO INDIAN (IMO III) NORD INDEPENDENCE 48005 2010 JAPAN DH 17.75 MIO GREEK PTI VOLANS 51224 2006 SOUTH KOREA DB 15.3 MIO ISLAND NAVIGATION SEABORNE 106638 2003 JAPAN DH 11.2 MIO INDONESIAN

AMBA BHAVANEE 107081 2003 JAPAN DH 5.86 MIO UNDISCLOSED (Via Auction - Laid

up for 3 yrs) PHOENIX ADVANCE 114024 2011 SOUTH KOREA DH 28.3 MIO GREEK

GENER8 PHOENIX 153015 1999 SOUTH KOREA DH 10.5 MIO ENBLOC BSS▼ GENER8 HORN 159475 1999 SOUTH KOREA DB 10.5 MIO UNDISCLOSED (Price each, on subs)

FRONT ARDENNE 153152 1997 SOUTH KOREA DH 8 MIO UNDISCLOSED TAIZAN 300405 2002 JAPAN DB 15.5 MIO GREEK

GAS SALES

NAME DWT BLT CBM PRICE $ BUYER

BW VISION 53503 2001 JAPAN 80838 32 MIO SCI

452

857

525

320

420

520

620

720

820

920

27 30 33 36 39 42 45 48 51 2 5 8 11 14 17 20 23 26

WEEK NO

Baltic Clean Tanker - Yearly

2017 2016

514

1048

653

400

500

600

700

800

900

1000

1100

27 30 33 36 39 42 45 48 51 2 5 8 11 14 17 20 23 26

WEEK NO

Baltic Dirty Tanker - Yearly

2017 2016

562

548 541

490

510

530

550

570

590

03/07/2017 10/07/2017 17/07/2017 24/07/2017 31/07/2017

Baltic Clean Tanker - Monthly

659

644 639

625

630

635

640

645

650

655

660

665

03/07/2017 10/07/2017 17/07/2017 24/07/2017 31/07/2017

Baltic Dirty Tanker - Monthly



5

12160

11540 7760

0

10000

20000

30000

40000

50000

60000

70000

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

$/D

ay

Spot Market - Tankers VLCC

SUEZMAX

AFRAMAX

26500

18000

14500

10000

15000

20000

25000

30000

35000


$/D

ay

Period Market - Tankers 1 Year T/C

VLCC

SUEZMAX

AFRAMAX



6

BULKER SALES

NAME DWT BLT GEAR PRICE $ BUYER

SUNNY SKY 28390 2011 JAPAN CR 4x30.5 8.6 MIO UNDISCLOSED DIANA ISLAND 28398 2010 JAPAN CR 4x30.5 8.5 MIO CSL TAN BINH 139 28700 2007 JAPAN CR 4x30.5 7.85 MIO TOKYO CEMENT NEW CREATION 35283 2006 JAPAN CR 4x30 8.9 MIO SRI LANKAN NEPTUNE 35947 2015 JAPAN CR 4x30.5 17 MIO HONG KONG BASED

NORDIC PERTH 37300 2016 CHINA CR 4x30 * ENBLOC BSS▼

NORDIC DARWIN 37300 2016 CHINA CR 4x30 40 MIO AQUAVITA INT'L (Ttl price, Incl 7

yrs BBHP) ATLANTIC DAISY 37406 2007 JAPAN CR 4x36 9.2 MIO FAR EASTERN AARON N 45518 1994 JAPAN CR 4x25 2.8 MIO CHINESE ROYAL ARSENAL 48203 1999 JAPAN CR 4x25 5.4 MIO UNDISCLOSED STEEL INTEGRITY 48224 1997 JAPAN CR 4x25 4 MIO UNDISCLOSED KEN SIRIUS 50337 2003 JAPAN CR 4x30.5 7.9 MIO FAR EASTERN OCEAN VIRGO 52392 2005 JAPAN CR 4x30 8 MIO UNDISCLOSED (Via Auction) ELEKTRA 53299 2005 CHINA CR 4x36 7.5 MIO UNDISCLOSED NORD LEADER 55808 2007 JAPAN CR 4x30.5 11.2 MIO UNDISCLOSED OCEAN HEAVEN 57949 2013 PHILIPPINES CR 4x30 16 MIO SHAMROCK MARITIME SUNRISE SKY 58120 2012 PHILIPPINES CR 4x30 14.65 MIO WISDOM LINES (Incl 7 yrs BBHP) CLIPPER INNOVATION 63000 2016 JAPAN CR 4x30.7 23.5 MIO GREEK SANVI 73992 2000 JAPAN GEARLESS 4.8 MIO GREEK CRETAN WAVE 74107 2001 JAPAN GEARLESS 7.5 MIO UNDISCLOSED AESARA 75202 2001 KOREA GEARLESS 7.5 MIO U.A.E BASED CIC PIRAEUS 76296 2001 JAPAN GEARLESS 8 MIO UNDISCLOSED CSE HARMONY EXPRESS 76634 2002 JAPAN GEARLESS 9 MIO UNDISCLOSED GOLDEN TRADER I 79427 2012 CHINA GEARLESS 16.5 MIO MALAYSIAN

468 484

496

400

420

440

460

480

500

520

03/07/2017 10/07/2017 17/07/2017 24/07/2017 31/07/2017

Baltic Handysize

2

751

729

783

650

700

750

800

850

03/07/2017 10/07/2017 17/07/2017 24/07/2017 31/07/2017

Baltic Supramax

2

1060

1226

1095

700

800

900

1000

1100

1200

1300

03/07/2017 10/07/2017 17/07/2017 24/07/2017 31/07/2017

Baltic Panamax

4

1032

755

1225

700

800

900

1000

1100

1200

1300

03/07/2017 10/07/2017 17/07/2017 24/07/2017 31/07/2017

Baltic Capesize

4 38



7

BBG HOPE 82044 2013 CHINA GEARLESS * ENBLOC BSS▼ BBG GLORY 82062 2013 CHINA GEARLESS 29 MIO WILMAR (Ttl price)

ATLANTIC PRIME 82188 2011 JAPAN GEARLESS 19 MIO EBE SHIPPING BLUE ISLAND 152398 2000 JAPAN GEARLESS 7.5 MIO FAR EASTERN HANJIN NEWCASTLE 179905 2011 KOREA GEARLESS 25.5 MIO ZODIAC HANJIN PORT WALCOTTT 180012 2012 KOREA GEARLESS 26.5 MIO ZODIAC NSS ENDEAVOR 184887 2002 JAPAN GEARLESS 13.8 MIO WINNING

9500

9730

7375

0

5000

10000

15000

20000

25000


$/D

ay

Spot Market - Bulkers CAPESIZE

PANAMAX

HANDYMAX

14000

9850

8250

4100

6100

8100

10100

12100

14100

16100

18100


$/D

ay

Period Market - Bulkers 1 Year T/C CAPE

PMAX

HANDYMAX

44



8

CONTAINER SALES

NAME DWT BLT GEAR TEU PRICE $ BUYER

CONTSHIP CUP 8511 2007 CHINA GEARLESS 706 3.8 MIO KOREAN

LOG-IN AMAZONIA 23896 2007 GERMANY CR 1x 45,

CR 1x40, CR 1x36

1688 5.5 MIO VIETNAMESE

FRISIA HELSINKI 33750 2005 GERMANY CR 3x45 2478 7.4 MIO ENBLOC BSS▼ FRISIA ROSTOCK 33757 2004 GERMANY CR 3x45 2478 7.1 MIO ENBLOC BSS▼ FRISIA LUBECK 33781 2004 GERMANY CR 3x45 2478 7.1 MIO ENBLOC BSS▼ FRISIA ROTTERDAM 33783 2004 GERMANY CR 3x45 2478 7.1 MIO ENBLOC BSS▼ FRISIA WISMAR 33794 2004 GERMANY CR 3x45 2478 7.1 MIO ENBLOC BSS▼ FRISIA LISSABON 33829 2004 GERMANY CR 3x45 2478 7.1 MIO ENBLOC BSS▼

FRISIA KIEL 33847 2004 GERMANY CR 3x45 2478 7.1 MIO TUFTON OCEANIC (Price

each,Bank Sale) BOX TRADER 42483 2010 GERMANY GEARLESS 3426 11.4 MIO ENBLOC BSS▼ BOX VOYAGER 42545 2010 GERMANY GEARLESS 3426 11.4 MIO CELSIUS (Price each)

HAMMONIA CALABRIA 50353 2010 CHINA GEARLESS 4256 9 MIO SONGA IRENES WISDOM 50900 2003 KOREA GEARLESS 4253 7.1 MIO ORIENT EXPRESS

AS MORGANA 51693 2010 KOREA GEARLESS 4255 9.4 MIO ENBLOC BSS▼ AS MARIANA 54369 2010 KOREA GEARLESS 4380 9.4 MIO ENBLOC BSS▼ AS MARIELLA 54374 2010 KOREA GEARLESS 4380 9.4 MIO ENBLOC BSS▼ AS MAGNOLIA 54383 2009 KOREA GEARLESS 4380 8.8 MIO NORWEGIAN (Price each)

ALM DALLAS 66565 2004 KOREA GEARLESS 5043 7.5 MIO ENBLOC BSS▼ ALM CRYSTAL 67022 2004 KOREA GEARLESS 5028 7.5 MIO ENBLOC BSS▼ ALM WODONGA 68080 2006 KOREA GEARLESS 5059 7.5 MIO ENBLOC BSS▼ ALM ZURICH 68135 2006 KOREA GEARLESS 5059 7.5 MIO COSCO (Price each)

MSC ROMA 110633 2006 KOREA GEARLESS 9178 * ENBLOC BSS▼

MSC LISBON 110697 2007 KOREA GEARLESS 9178 40 MIO TUFTON OCEANIC (Ttl

price, incl balance of T/C)

MPP/TWEEN SALES

NAME DWT BLT GEAR TEU PRICE $ BUYER

NEW STAR 9239 2000 JAPAN C 2x30.5 D 1x30.5 1.6 MIO UNDISCLOSED

BBC OHIO 12708 2009 CHINA C 2x150 665 5 MIO ENBLOC BSS▼ BBC ALABAMA 12732 2007 CHINA C 2x150 665 5 MIO ENBLOC BSS▼ BBC COLORADO 12742 2008 CHINA C 2x150 665 5 MIO ENBLOC BSS▼ BBC LOUISIANA 12763 2008 CHINA C 2x150 665 5 MIO GERMAN (Price each)



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 32 53 37 122

Panamax 56 44 30 130

Supra/Hmax 125 49 19 193

Handies 105 60 23 188

Total 318 206 109 633


ULCC/VLCC 22 48 24 94

Suezmax 32 31 8 71

Aframax 45 58 28 131

Panamax 24 16 7 47

MR+Small 115 127 85 327

Total 238 280 152 670


VLGC 14 8 11 33

LGC 0 0 0 0

MR 8 12 4 24

Handy 8 5 1 14

Small 5 2 0 7

Total 35 27 16 78

81

54

43

33.5

20

40

60

80

100

Jul-15 Nov-15 Mar-16 Jul-16 Nov-16 Mar-17 Jul-17

$m

Tanker Prices VLCC Suezmax

Aframax MR

1

5

3

42.5

24.5

23 21

10

15

20

25

30

35

40

45

50

55

Jul-15 Nov-15 Mar-16 Jul-16 Nov-16 Mar-17 Jul-17

$m

Bulker Prices Capesize Panamax

Supramax Handysize

5



10

398

79

156

235

47 91

208

80

20

0

100

200

300

400

500

2015 2016 Jul-17

No

. o

f V

es

se

ls

Newbuilding Sales Tankers >10,000 dwt

Bulkers >10,000 dwt

Containerships

24.4 22.4

14.1 16.2

26.4

12

0

5

10

15

20

25

30

Jul-17 2018 2019+

m. d

wt

Delivery Schedule Bulkers >10,000 dwt.

Tankers >10,000 dwt

29.3

11.2

14.9

3.5

11

0

5

10

15

20

25

30

35

July 2017

m.

dw

t

Tanker Newbuildings on Order VLCC Suezmax

Aframax Panamax

Products

31.6

10.9

11.9

6.6

0

5

10

15

20

25

30

35

July 2017

m. d

wt

Bulker Newbuildings on Order Capesize Panamax

Handymax Handysize

Newbuilding Historical Prices ($m)

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

320,000 DWT1 81 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 54 54.5 63 65.5 59.6 57.1 60.3 66.3 90 71.5 52.5 54 66.1 2 28.2

115,000 DWT1 43 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 33.5 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 42.5 42 46 54.2 53.6 45.7 48.4 57.2 87 58.5 40.5 42.3 60.2 29.3

81,000 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

62,000 DWT♦ 23 22.3 24.1 27.2 26.5 23.7 26.7 31.1 41 31 20.5 24.1 25.3 12.4

35,000 DWT♦ 21 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 ♦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 180000 Shanghai Waigaoqiao 2019 Foremost Maritime

Bulk 180000 Shanghai Waigaoqiao 2019 Foremost Maritime

LNG 96000 Huodong Zhonghua 2019 Mitsui O.S.K. Lines




LPG 53677 Kawasaki HI Sakaide 2020 Kumiai Nav. Pte. Ltd

Cruise Astillero Barreras 2019 Ritz-Carlton

Cruise Astillero Barreras 2020 Ritz-Carlton Option

Cruise Astillero Barreras 2020 Ritz-Carlton Option

FPSO 300000 Shanghai Waigaoqiao 2020 SBM Offshore

Shuttle 125000 Samsung HI 2019 125 Mio AET Tanker

Shuttle 125000 Samsung HI 2019 125 Mio AET Tanker

Tanker 310300 JMU Ariake Shipyard 2019 Kyoei Tanker

Products 115000 Daehan Shipbuilding 2020 BW Pacific






Products 115000 Daehan Shipbuilding 2021 BW Pacific Option

Products 115000 Daehan Shipbuilding 2021 BW Pacific Option

Tanker 318000 Daewoo (DSME) 2019 Greek Buyer




Chem & Oil 50000 Hyundai Vinashin 2019 32 Mio Fukujin Shipping

Chem & Oil 50000 Hyundai Vinashin 2019 32 Mio Fukujin Shipping

Chem & Oil 50000 Hyundai Vinashin 2019 32 Mio Masumoto Shpg Co

Chem & Oil 50000 Hyundai Vinashin 2019 32 Mio Masumoto Shpg Co

Chem & Oil 50000 Hyundai Vinashin 2019 32 Mio Hisamoto Kisen K.K.

Products 114000 Daehan Shipbuilding 2018 Greek Buyer

Products 114000 Daehan Shipbuilding 2018 Greek Buyer

Products 11500 Jinglu Shipyard 2019 Rongcheng Xinrun

Bulk 61000 Wuhu Shipyard 2019 Zhonghui Shpg

Bulk 61000 Wuhu Shipyard 2019 Zhonghui Shpg Option

Cruise Meyer Werft 2022 Disney Cruise Lines

Chem & Oil 11200 STX SB (Jinhae) 2019 Sambong Corp.

Chem & Oil 11200 STX SB (Jinhae) 2019 Woolim Shipping

Chem & Oil 11200 STX SB (Jinhae) 2019 Woolim Shipping Option

CS/BW Dredger

C & C Marine 2018 60Mio Weeks Marine

Bulk 180000 Jiangsu New YZJ 2019 Great Wave Nav.



Bulk 180000 Jiangsu New YZJ 2020 Great Wave Nav. Option



Chem & Oil 50000 CSSC Offshore Marine 2019 Torm A/S




Chem & Oil 50000 CSSC Offshore Marine 2019 Torm A/S Option




LPG 54140 Kawasaki HI Sakaide 2020 Kumiai Nav. Pte. Ltd



12

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

Demolition Historical Data

330 325 365

395 355 350

380

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

315 315 350

380 340 335

355

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

18.5

0

10

20

30

40

50

60

Mill

ion

dw

t

Total Demolition (Dwt)

* Bss reported sales

Demolition Prices Gen Cargo Tanker

India USD 355 /lt Ldt USD 380 /lt Ldt

Bangladesh USD 360 /lt Ldt USD 385 /lt Ldt

Pakistan USD 360 /lt Ldt USD 380 /lt Ldt

China USD 250 /lt Ldt USD 260 /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 136 174 135 174 262 362 302 405 507 287 338 485 482 405 435 425 300 300 380 BULK 143 170 135 181 267 381 332 392 472 268 328 437 456 375 410 400 285 280 355

India

TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS

BULK MIRAFLORES 48977 1999 9250 315

Bangladesh


BULK NATION PROSPERITY 6849 1985 2625 295 CONT SIRINUN NAVA 2792 1991 1050 305 TANK GENIE 93891 1993 16350 380 TANK AMBASSADOR 153044 1997 22137 375

China


N/A N/A N/A

Pakistan


BULK ELENI K 26412 1997 6371 372

Turkey


BULK PINEGLEN 32713 1985 6800 100

Other


RORO GOLDEN FAN 11241 1985 10248 387 As is basis Port Klang

BULK FIGARO 22051 1995 5196 250 As is basis Oman

BULK HL CAPETOWN 151525 1993 17880 390

CONT PDZ MEWAH 12577 1993 5247 325 As is basis Singapore

CONT PINYA STAR 20100 1995 6812 375

0

100

200

300

400

500

600

USD

/to

n

Historical Demolition Prices (India Year's End)

TANKERS

BULKERS

Avg. Trend



14

CONT INNWA STAR 20416 1995 6820 375

RORO CARRIBEAN FANTASY 6218 1989 10471 145 As is basis Freeport

TANK IRON MONGER 98624 1990 15871 340 As is basis Khor Fakkan

TANK IMPROS 101605 1994 16327 367

TANK BUNGA KELANA DUA 105976 1997 16889 398 As is basis Malaysia

TANK BRIGHT 299085 1993 40367 330 As is basis

TANK AURA 303184 1993 42099 330 As is basis



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

Jul-17 299 473 308 547 294 485

0

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Bunkers Cost (380 cst)

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Fujeirah

Houston

Average Trend

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Bunkers Cost (MGO)

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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 0.60512 0.89404 0.00686 0.78331 0.75671 0.60471

CAD 1.6521 1 1.47722 0.01134 1.29424 1.25 0.99919

EUR 1.1183 0.67678 1 0.00767 0.87608 0.84632 0.67635

JPY 145.72 88.19 130.3 1 114.16 110.28 88.13

CHF 1.27629 0.77239 1.1412 0.00876 1 0.96588 0.77187

USD 1.32131 0.79967 1.18145 0.00907 1.03511 1 0.79913

AUD 1.65315 1.0005 1.47824 0.01134 1.29507 1.25114 1 * 02/08/2017 values

60

70

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90

100

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120

130

0.40

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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 3.65 3.42 6.7 4.00 2.73

Diana Shipping Inc. DSX 3.90 3.96 -1.5 6.20 2.21

Dryships Inc. DRYS 1.76 1.71 2.9 799681.62 0.98

Dynagas LNG Partners LP DLNG 14.74 15.13 -2.6 17.93 12.76

Eagle Bulk Shipping Inc. EGLE 4.35 4.80 -9.4 12.45 4.06

Euroseas Ltd. ESEA 1.39 1.27 9.4 8.07 1.04

Freeseas Inc. FREEF 0.00 0.00 0 1100.00 0.00

Costamare Inc. CMRE 6.57 7.13 -7.9 9.84 5.07

Navios Maritime Holdings NM 1.28 1.29 -0.8 2.40 0.86

GasLog Ltd. GLOG 17.90 15.25 17.4 18.85 12.32

Paragon Shipping Inc. ♦ PRGND 0.47 0.01 7360.3 74.47 0.28

Safe Bulkers Inc. SB 2.65 2.38 11.3 2.75 1.08

Star Bulk Carriers Corp. SBLK 10.42 9.58 8.8 13.40 3.95

Stealthgas Inc. GASS 3.00 3.32 -9.6 4.78 2.65

TEN Inc. TNP 4.91 4.83 1.7 5.41 3.92

TOP Ships Inc. TOPS 0.33 0.43 -21.6 2519.00 0.18

Box Ships Inc. TEUFF 0.13 0.13 -3.8 2.19 0.08

Diana Containerships Inc. DCIX 0.52 0.36 43.3 1099.20 0.45

Danaos Corporation DAC 2.05 1.65 24.2 4.49 1.25

Aegean Marine Petroleum ANW 4.80 5.70 -15.8 13.10 4.60 * 01/08/2017 closing values ♦OTC Markets

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

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. - Hellenic Shipping News...KEN SIRIUS 50337 2003 JAPAN CR 4x30.5 7.9 MIO...

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Transcript of ATHENIAN SHIPBROKERS S.A. - Hellenic Shipping News...KEN SIRIUS 50337 2003 JAPAN CR 4x30.5 7.9 MIO...