ATHENIAN SHIPBROKERS S.A.drg.blob.core.windows.net/hellenicshippingnewsbody/pdf/golden/... · toyo...
Transcript of ATHENIAN SHIPBROKERS S.A.drg.blob.core.windows.net/hellenicshippingnewsbody/pdf/golden/... · toyo...
ATHENIAN SHIPBROKERS S.A.
107-109, Vas. Pavlou Str., GR 166 73, Voula , Athens, Greece Tel: 210 9659700 - Fax: 210 8996040
Internet Mail: [email protected] www.atheniansa.gr
April 2013
M O N T H L Y R E P O R T
0
2000
4000
6000
8000
10000
12000
Ap
r-0
3
Au
g-0
3
De
c-0
3
Ap
r-0
4
Au
g-0
4
De
c-0
4
Ap
r-0
5
Au
g-0
5
De
c-0
5
Ap
r-0
6
Au
g-0
6
De
c-0
6
Ap
r-0
7
Au
g-0
7
De
c-0
7
Ap
r-0
8
Au
g-0
8
De
c-0
8
Ap
r-0
9
Au
g-0
9
De
c-0
9
Ap
r-1
0
Au
g-1
0
De
c-1
0
Ap
r-1
1
Au
g-1
1
De
c-1
1
Ap
r-1
2
Au
g-1
2
De
c-1
2
Ap
r-1
3
Baltic Dry Index
PRICES TANKERS ($ MIO)
* Prices reflect Year’s End 2008* 2009* 2010* 2011* 2012* Apr-13
VLCC 5Y 155.8 78.0 87.8 55.6 56.0 55.5
VLCC 10Y 131.0 59.5 64.3 34.1 35.0 35.0
SUEZMAX 5Y 106.0 57.0 62.8 45.6 40.2 39.5
AFRAMAX 5Y 76.8 40.5 44.5 34.7 28.0 27.5
AFRAMAX10Y 64.7 23.5 30.7 19.3 16.3 17.3
PANAMAX5Y 61.0 35.5 39.0 30.9 24.3 24.5
45K 5Y D/H 52.7 23.5 27.3 25.8 23.0 23.8
45K 10Y D/H 43.2 16.0 19.7 15.8 15.5 16.2
45K 20Y 10.0 4.0 6.7 6.0 6.2 6.5
PRICES BULKERS ($ MIO)
* Prices reflect Year’s End 2008* 2009* 2010* 2011* 2012* Apr-13
CAPESIZE 5Y 45.5 54.5 57.0 36.3 32.0 32.5
CAPESIZE 10Y 30.0 45.0 43.0 26.8 20.5 21.0
CAPESIZE 15Y 21.0 28.0 26.0 15.2 12.7 13.0
CAPESIZE 20Y 15.2 16.5 16.4 10.5 9.3 9.0
PANAMAX 5Y 25.5 35.0 38.5 26.4 18.0 18.5
PANAMAX 10Y 19.0 27.5 31.6 18.6 12.5 13.1
PANAMAX 15Y 12.5 22.0 23.1 12.4 8.3 8.0
PANAMAX 20Y 9.2 12.0 13.8 8.1 5.4 5.1
SUPRAMAX 5Y 24.0 27.5 31.9 26.4 23.3 20.0
HANDYMAX10Y 18.2 22.0 24.7 18.0 13.0 12.6
HANDYMAX15Y 13.0 17.5 20.0 11.1 8.7 8.5
HANDYMAX20Y 7.4 11.0 12.0 7.9 6.3 6.1
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
20.0
40.0
60.0
80.0
100.0
120.0
140.0
160.0
180.0
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
80000
90000
100000
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
20.0
40.0
60.0
80.0
100.0
120.0
140.0
160.0
Pri
ces
(USD
Mio
)
Monthly Bulk Carrier Market Trend
CAPE 5Y CAPE 10Y CAPE 15Y PMAX 5Y
PMAX 10Y PMAX 15Y SUPRA 5Y HMAX 5Y
HMAX 10Y HMAX 15Y
0
20000
40000
60000
80000
100000
120000
140000
160000
180000
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
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
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 - Second Hand units
Ship Type Nov-12 Dec-12 Jan-13 Feb-13 Mar-13 Apr-13 Total
BULK 48 30 58 37 28 33 234 TANK 30 22 31 18 46 34 181 GAS 4 4 5 4 6 5 28 CONT 18 5 11 13 13 11 71 TWEEN 1 2 2 1 0 1 7 REEF 0 1 0 0 0 0 1 RORO 2 0 1 0 1 1 5 FERRY 0 0 0 0 0 1 1 CRUISE 0 0 0 0 0 0 0
Total 103 64 108 73 94 86 528
346
33
396
28
0
200
400
600
THIS MONTH - PREVIOUS MONTH
S&P Activity Dry (<5,000 Dwt)
AVAILABLE FOR SALE
REPORTED SOLD
PREVIOUS MONTH A/BLE FORSALEPREVIOUS MONTH SALES
189
34
203
46
0
100
200
300
THIS MONTH - PREVIOUS MONTH
S&P Activity Tankers (<5,000 Dwt)
AVAILABLE FOR SALE
REPORTED SOLD
PREVIOUS MONTH A/BLE FORSALEPREVIOUS MONTH SALES
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
4
TANKER SALES
NAME DWT BLT PRICE $ BUYER
ANATOLIA SKY 3842 2005 JAPAN DH 5 MIO GREEK MOUNT JIUHUA 9119 2011 CHINA DH 8.6 MIO SINGAPOREAN (Via Auction) HELENE KNUTSEN 14848 1992 SPAIN DH 6 MIO WEST AFRICAN MARIELLA AMORETTI 15748 1998 GERMANY DH 7.5 MIO UNDISCLOSED GOURITZ 16500 2012 CHINA DH 16 MIO EUROPEAN GAMTOOS 16500 2012 CHINA DH 16 MIO EUROPEAN LEO STAR 17568 2008 S.KOREA DH 12.8 MIO GREEK (Via Auction) DORIS 19960 1984 JAPAN DH 3.4 MIO UNDISCLOSED
BOW LIMA 19971 2007 JAPAN DH * ENBLOC BSS▼ BOW CAPE 19975 2008 JAPAN DH 46 MIO SINOCHEM (Stst tanker. Total Price)
BOW RIO 19999 2005 JAPAN DH 20 MIO UNDISCLOSED (Stst tanker) KALTENE 37261 2003 S.KOREA DH 12.9 MIO GREEK UACC SILA 50105 2009 S.KOREA DH 29 MIO UACC (Purchase option) STX JINHAE 1463 50400 2013 S.KOREA DH 34.5 MIO GREEK
INDIGO POINT 50922 2007 S.KOREA DH * ENBLOC BSS▼
IVORY POINT 50922 2007 S.KOREA DH 46.5 MIO GREEK (Bss TC attached at Usd 16 k &
Usd 14.5 k Pd. Total Price) HYUNDAI MIPO 2347 52000 2013 S.KOREA DH * ENBLOC BSS▼ HYUNDAI MIPO 2348 52000 2013 S.KOREA DH * ENBLOC BSS▼ HYUNDAI MIPO 2349 52000 2013 S.KOREA DH * ENBLOC BSS▼ HYUNDAI MIPO 2350 52000 2013 S.KOREA DH 146 MIO SCORPIO TANKERS (Total Price)
CHEMTRANS SUN 71675 1999 CHINA DH 7 MIO NIGERIAN
ATHENS STAR 73869 2005 CHINA DH * ENBLOC BSS▼ HAMBURG STAR 73869 2005 CHINA DH * ENBLOC BSS▼ LONDON STAR 73869 2006 CHINA DH * ENBLOC BSS▼ NEW YORK STAR 73869 2006 CHINA DH 74 MIO BW SHIPPING (Bank driven deal)
614
558
644
767
705
628
500
550
600
650
700
750
800
18 21 24 27 30 33 36 39 42 45 48 51 2 5 8 11 14 17
WEEK NO
Baltic Clean Tanker - Yearly
2013 2012
767
606
665
772
696
500
550
600
650
700
750
800
18 21 24 27 30 33 36 39 42 45 48 51 2 5 8 11 14 17
WEEK NO
Baltic Dirty Tanker - Yearly
2013 2012
683
623 613
560
580
600
620
640
660
680
700
28/03/2013 04/04/2013 11/04/2013 18/04/2013 25/04/2013
Baltic Clean Tanker - Monthly
659
712
630
638
550
600
650
700
750
28/03/2013 04/04/2013 11/04/2013 18/04/2013 25/04/2013
Baltic Dirty Tanker - Monthly
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
5
MARAN ALTAIR 98880 1997 S.KOREA DH 9.3 MIO SOECHI, ASIA NORDMARK 105337 1998 S.KOREA DH 8.2 MIO UKRAINIAN (SS/DD Due) BRITISH OAK 106395 2003 JAPAN DH 15 MIO GREEK (RBS controlled sale) EAGLE ALBANY 107160 1998 JAPAN DH 9.5 MIO FAR EASTERN NORTHERN SPIRIT 112827 2009 CHINA DH 30 MIO SONANGOL, ANGOLA ALMI EXPLORER 157430 2013 S.KOREA DH 55 MIO UNDISCLOSED ARTOIS 298330 2001 JAPAN DH 28 MIO SBM
EAGLE VALENCIA 306999 2005 S.KOREA DH * ENBLOC BSS▼ EAGLE VENICE 309164 2005 S.KOREA DH 80 MIO GREEK (Total Price)
GAS SALES
NAME DWT BLT CBM PRICE $ BUYER
SAKURA SERENITY 3147 2006 JAPAN 3443 11 MIO GREEK SAKURA SYMPHONY 3161 2008 JAPAN 3514 12 MIO GREEK TOYO MARU 7410 2007 ROMANIA 6459 22.5 MIO TUFTON OCEANIC GROUP CRYSTAL MERMAID 49618 1990 JAPAN 75382 22.5 MIO UNDISCLOSED FLANDERS HARMONY 64220 1992 BULGARIA 85826 30 MIO UNDISCLOSED
7160
21230
14400
0
10000
20000
30000
40000
50000
Apr-12 Jun-12 Aug-12 Oct-12 Dec-12 Feb-13 Apr-13
$/D
ay
Spot Market - Tankers VLCC
SUEZMAX
AFRAMAX
18500
15700
13000
5000
10000
15000
20000
25000
30000
Apr-12 Jun-12 Aug-12 Oct-12 Dec-12 Feb-13 Apr-13
$/D
ay
Period Market - Tankers 1 Year T/C
VLCC
SUEZMAX
AFRAMAX
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
6
BULKER SALES
NAME DWT BLT GEAR PRICE $ BUYER
AFRICAN ORYX 24110 1997 CHINA CR 4X30 3.8 MIO CHINESE (SS/DD Due) SAN SIMEON 28572 1997 CHINA CR 4X30 4.9 MIO UNDISCLOSED NEW LIGHT 28616 2002 JAPAN CR 4X30 11.1 MIO GREEK NORTHERN LIGHT 29756 2001 JAPAN CR 4X30 10.8 MIO UNDISCLOSED VENUS SHINING 29828 2006 JAPAN CR 4X31 14.2 MIO GREEK BRIGHT LAKER 30778 2001 JAPAN CR 4X30 9.8 MIO UNDISCLOSED GREAT MARY 32170 2000 JAPAN CR 4X30 13 MIO CHINESE ORIENT TRIBUNE 33500 2011 CHINA CR 4X35 16 MIO USA BASED ORIENT TRIUMPH 33500 2013 CHINA CR 4X35 18.7 MIO USA BASED C. EMERALD 42174 1994 JAPAN CR 4X25 6.5 MIO UNDISCLOSED GLORY SANYE 45216 1994 JAPAN CR 4X25 6.6 MIO MIDDLE EASTERN KEN 46747 1998 JAPAN CR 4X30 9.5 MIO UNDISCLOSED HONESTY OCEAN 47240 1997 JAPAN CR 4X30 8.3 MIO UNDISCLOSED STAR SEA BREEZE 48500 2001 JAPAN CR 4X30 11.3 MIO GREEK KEN UNITY 48913 1999 JAPAN CR 4X25 9.8 MIO GREEK ALICIA 63500 2012 CHINA CR 4X35 25 MIO GREEK YANGZHOU DAYANG DY4023
63500 2013 CHINA CR 4X35 25.1 MIO UNDISCLOSED
YANGZHOU DAYANG DY4013
63500 2013 CHINA CR 4X35 25.1 MIO UNDISCLOSED
ATLAS SUN 64377 1987 S.KOREA GLESS 5.5 MIO CHINESE YM CULTIVATION 69163 1997 JAPAN GLESS 5 MIO CHINESE (Generator damaged) SD NOVA 70108 1996 JAPAN GLESS 6.7 MIO UNDISCLOSED (DD Due 10/2013) KING COAL 72873 1997 TAIWAN GLESS 6 MIO GREEK (Via Auction) FEARLESS I 73427 1997 S.KOREA GLESS 6.7 MIO CHINESE (Via Auction)
543
518
537 544
500
510
520
530
540
550
28/03/2013 04/04/2013 11/04/2013 18/04/2013 25/04/2013
Baltic Handysize
2
933
900 898
904
840
860
880
900
920
940
960
28/03/2013 04/04/2013 11/04/2013 18/04/2013 25/04/2013
Baltic Supramax
2
1155
1077
1202
1000
1050
1100
1150
1200
1250
28/03/2013 04/04/2013 11/04/2013 18/04/2013 25/04/2013
Baltic Panamax
4 1209
1265
1230
1214
1150
1170
1190
1210
1230
1250
1270
1290
28/03/2013 04/04/2013 11/04/2013 18/04/2013 25/04/2013
Baltic Capesize
44 4438
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
7
MING MAY 74009 1997 JAPAN GLESS 8.5 MIO UNDISCLOSED PERUVIAN EXPRESS 79252 2012 CHINA CR 4X35 19 MIO GREEK TSUNEISHI ZHOUSHAN SS-132
81600 2013 CHINA GLESS 28.2 MIO UNDISCLOSED
MICAELA DELLA GATTA 82790 2006 JAPAN GLESS 18.5 MIO UNDISCLOSED BRILLIANT TRADER 87144 2006 JAPAN GLESS 19 MIO GREEK CAPE EUROPE 149425 1993 TAIWAN GLESS 8.3 MIO UNDISCLOSED (For further trading) BRILLIANT RIVER 154249 1994 JAPAN GLESS 9 MIO UNDISCLOSED (For further trading) SEAKOH 172247 2000 S.KOREA GLESS 16.2 MIO GREEK TAMOU 177243 2005 JAPAN GLESS 27 MIO GREEK PACIFIC TIARA 180310 2004 JAPAN GLESS 25.2 MIO UNDISCLOSED
7390
8430
8470
0
5000
10000
15000
20000
25000
Apr-12 Jun-12 Aug-12 Oct-12 Dec-12 Feb-13 Apr-13
$/D
ay
Spot Market - Bulkers CAPESIZE
PANAMAX
HANDYMAX
12100
9750
8000
5000
7000
9000
11000
13000
15000
17000
Apr-12 Jun-12 Aug-12 Oct-12 Dec-12 Feb-13 Apr-13
$/D
ay
Period Market - Bulkers 1 Year T/C CAPE
PMAX
HANDYMAX
44
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
8
CONTAINER SALES
NAME DWT BLT GEAR TEU PRICE $ BUYER
NERI 5055 1997 CHINA CR 2X40 384 1.9 MIO UNDISCLOSED
DANIELA 7107 2003 CHINA CR 2X45 639 3.2 MIO OCEANIC CONT LINES, PHILIPPINES
ARMINIA 12310 1994 POLAND CR 2X40 1012 2.5 MIO UNDISCLOSED
MARCHEROKEE 20567 1999 GERMANY CR 2X60
(COMB 120) 1300 5 MIO UNDISCLOSED
YM PEOPLE 22052 2003 JAPAN GLESS 1620 * ENBLOC BSS▼ YM SKY 22077 2003 JAPAN GLESS 1620 * ENBLOC BSS▼ YM EARTH 22078 2003 JAPAN GLESS 1620 22.5 MIO SITC, CHINA (Total price)
GALLANT WAVE 23650 1996 JAPAN GLESS 1510 3.6 MIO INDONESIAN MSC HOBART 33523 1994 S.KOREA GLESS 2004 4.2 MIO CHINESE R.R. AMERICA 33900 2002 GERMANY CR 3X45 2002 7.8 MIO GREECE KENO 39462 2007 S.KOREA GLESS 2007 15 MIO UNDISCLOSED
TWEEN SALES
NAME DWT BLT GEAR TEU PRICE $ BUYER
ATLANTIC SUN 4264 1996 NETHERLANDS GLESS 206 5.5 MIO CHINESE
RORO SALES
NAME GT BLT LANE MTS/CARS PAX PRICE $ BUYER
EGLANTINE 10035 1990 CHINA 1600 122 2 MIO SAUDI ARABIAN NORMAN TRADER 22152 1998 SPAIN 1950 252 10 MIO UNDISCLOSED
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
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
Dry Bulk Orderbook
Ship Type 2013 (deliv) 2013 2014 2015 2016 2017 2018+ Total
VLOC 15 11 11 1 0 0 0 23
Capesize 26 88 55 29 3 0 0 175
Small Cape 16 40 22 5 1 0 0 68
Panamax 81 277 109 27 2 0 0 415
Supramax 89 235 112 20 7 0 0 374
Handys 61 201 115 40 6 0 0 362
Total 288 852 424 122 19 0 0 1417
Tanker Orderbook
Ship Type 2013 (deliv) 2013 2014 2015 2016 2017 2018+ Total
ULCC/VLCC 13 35 26 7 1 0 0 69
Suezmax 16 34 17 7 4 0 0 62
Aframax 12 13 35 18 2 0 0 68
Panamax 4 17 10 5 4 2 0 38
MR 27 63 89 40 15 9 0 216
Handy 1 8 10 2 0 0 0 20
Total 73 170 187 79 26 11 0 473
LPG Tank Orderbook
Ship Type 2013 (deliv) 2013 2014 2015 2016 2016+ Total
VLGC 6 7 9 5 0 0 21
LGC 0 0 0 0 0 0 0
MR 1 5 6 5 2 0 18
Handy 1 11 15 1 0 0 27
Small 10 25 8 6 0 0 39
Total 18 48 38 17 2 0 105
89.8
55.5 46.8
33.4
0
20
40
60
80
100
120
Apr-11 Aug-11 Dec-11 Apr-12 Aug-12 Dec-12 Apr-13
$m
Tanker Prices VLCC Suezmax
Aframax MR
1
5
3
45.8
25.5
23.9
20.6
0
10
20
30
40
50
60
Apr-11 Aug-11 Dec-11 Apr-12 Aug-12 Dec-12 Apr-13
$m
Bulker Prices Capesize Panamax
Handymax Handysize
5
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
10
163 169
90
440
260
137
225
70 32
0
100
200
300
400
500
2011 2012 Apr-13
No
. o
f V
es
se
ls
Newbuilding Sales Tankers >10,000 dwt
Bulkers >10,000 dwt
Containerships
80.9
34.2
11.8
26.9 20.3
7.2
0
10
20
30
40
50
60
70
80
90
Apr-13 2014 2015+
m. d
wt
Delivery Schedule Bulkers >10,000 dwt.
Tankers >10,000 dwt
23.5
10.4
6
2.3
11.8
0
5
10
15
20
25
April 2013
m.
dw
t
Tanker Newbuildings on Order VLCC Suezmax
Aframax Panamax
Products
49.5 45.9
20.4
12.5
0
10
20
30
40
50
60
April 2013
m. d
wt
Bulker Newbuildings on Order Capesize Panamax
Handymax Handysize
Newbuilding Historical Prices ($m)
Tankers Apr-13 2012 2011 2010 2009 2008 2007 2006 2005 2000 1995 1990 1985
310,000 DWT1 89.8 93.2 98.9 104.8 97.5 150 145 130 120 76.5 85.3 87.4 2 38.2
170,000 DWT1 55.5 57.1 60.3 66.3 61 90 90 80 71.5 52.5 54 66.1 2 28.2
110,000 DWT1 46.8 48.5 52.2 56 49.5 74 72 65.5 58 41.5 43.3 53.2 2 18.1
47,000 DWT1 33.4 33.8 35.2 36.1 35 46.5 52 47 43 29.5 33.2 3 32.1
3 13.3
Bulkers
180,000 DWT1 45.8 45.7 48.4 57.2 55.5 87 96 67 58.5 40.5 42.3 60.2 29.3
73,000 DWT1 25.5 25.6 28.7 34.3 34.5 45.5 54 39.5 36 22.5 27.9 30 13.4
45,000 DWT 23.9 23.7 26.7 31.1 29 41 47.5 37 31 20.5 24.1 25.3 12.4
29,000 DWT 20.6 20.5 22.2 26.3 24.5 31 34 27.5 25.5 15 19.2 21.3 9.7
1 Before 2001 sizes to read 280,000 - 140,000 - 95,000 - 40,0000 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)
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
11
The Shipbuilding Market TYPE DWT BUILDER DELIVERY PRICE $ OWNER NOTES
AHTS 1500 Yuexin S.B. 2014 PT Wintermar
AHTS 1500 Yuexin S.B. 2014 PT Wintermar
BULK 207000 Hyundai H.I. 2014 Oldendorff Carriers
BULK 207000 Hyundai H.I. 2014 Oldendorff Carriers
BULK 207000 Hyundai H.I. 2015 Oldendorff Carriers
BULK 207000 Hyundai H.I. 2015 Oldendorff Carriers
BULK 82000 Jiangsu New YZJ 2015 26 Mio Marine Management
BULK 82000 Jiangsu New YZJ 2015 26 Mio Marine Management
BULK 82000 Jiangsu New YZJ 2016 26 Mio Marine Management
BULK 181000 STX Dalian 2015 Frontline 2012
BULK 181000 STX Dalian 2015 Frontline 2012
BULK 181000 STX Dalian 2015 Frontline 2012
BULK 181000 STX Dalian 2015 Frontline 2012
BULK 60000 Japan Marine Utd 2015 Golden Ocean
BULK 60000 Japan Marine Utd 2015 Golden Ocean
BULK 150000 STX S.B. 2015 STX Pan Ocean
BULK 150000 STX S.B. 2016 STX Pan Ocean
BULK 150000 Hanjin H.I. 2015 Hyundai M.M.
BULK 150000 Hanjin H.I. 2015 Hyundai M.M.
BULK 150000 Hanjin H.I. 2015 Hyundai M.M.
BULK 150000 Sungdong S.B 2016 SK Shipping Co. Ltd
BULK 150000 Sungdong S.B 2016 SK Shipping Co. Ltd
BULK 150000 Sungdong S.B 2016 Hanjin Shpg Co
BULK 150000 Sungdong S.B 2016 Hanjin Shpg Co
BULK 84000 Oshima S.B. Co. 2014 U-Ming Marine Tran.
BULK 84000 Oshima S.B. Co. 2014 U-Ming Marine Tran.
BULK 64000 Chengxi Shipyard 2015 Wah Kwong Shpg.
BULK 64000 Chengxi Shipyard 2015 Wah Kwong Shpg.
BULK 64000 Chengxi Shipyard 2015 Wah Kwong Shpg.
BULK 64000 Chengxi Shipyard 2015 Wah Kwong Shpg.
BULK 34000 Namura Shipbuilding 2015 Wisdom Marine Lines
BULK 34000 Namura Shipbuilding 2015 Wisdom Marine Lines
BULK 55000 Kawasaki S.B. 2016 Wisdom Marine Lines
BULK 37000 Imabari S.B. 2014 24.33 Mio Uni-Asia Finance
BULK 37000 Imabari S.B. 2015 24.33 Mio Uni-Asia Finance
BULK 37000 Imabari S.B. 2016 24.33 Mio Uni-Asia Finance
Cement 20000 Shanhaiguan S.Y. 2014 24.2 Mio Assoc. Bulk Carriers
Chem & Oil 38000 Hyundai Mipo 2014 Scorpio Tankers
Chem & Oil 38000 Hyundai Mipo 2014 Scorpio Tankers
Chem & Oil 50000 Guangzhou S.Y. Int 2015 38 Mio Stena Bulk AB
Chem & Oil 50000 Guangzhou S.Y. Int 2015 38 Mio Stena Bulk AB
Chem & Oil 49500 Brod. Trogir 2015 Arne Blystad AS
Chem & Oil 49500 Brod. Trogir 2015 Arne Blystad AS
CONT 12600 Zhejiang Yangfan 2014 NOSC
CONT 12600 Zhejiang Yangfan 2014 NOSC
CONT 21500 CSBC 2014 23 Mio SITC
CONT 21500 CSBC 2014 23 Mio SITC
CONT 110000 Samsung H.I. 2015 82 Mio CSAV
CONT 110000 Samsung H.I. 2015 82 Mio CSAV
CONT 110000 Samsung H.I. 2015 82 Mio CSAV
CONT 110000 Samsung H.I. 2015 82 Mio CSAV
CONT 110000 Samsung H.I. 2015 82 Mio CSAV
CONT 110000 Samsung H.I. 2015 82 Mio CSAV
CONT 110000 Samsung H.I. 2015 82 Mio CSAV
CONT 12500 Unknown Korean 2014 20 Mio Heung-A Shpg Co. Ltd
CONT 12500 Unknown Korean 2014 20 Mio Heung-A Shpg Co. Ltd
CONT 12500 Unknown Korean 2015 20 Mio Heung-A Shpg Co. Ltd
CONT 12500 Unknown Korean 2015 20 Mio Heung-A Shpg Co. Ltd
Crew Boat 220 Strategic Marine (S) 2013 Damai Jitu
Crew Boat 220 Strategic Marine (S) 2013 Damai Jitu
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
12
FPSO 99750 Hyundai H.I. 2016 Chevron North Sea
LNG 28000 Jiangnan Changxing 2015 CNOOC EnerTech
LNG 26000 COSCO Dalian 2015 Dalian In the Group
LNG 100000 Samsung H.I. 2017 230 Mio SK Shipping Co. Ltd
LNG 100000 Samsung H.I. 2017 230 Mio SK Shipping Co. Ltd
MPP 12500 Jiangsou S/Y 2015 Unknown
MPP 12500 Jiangsou S/Y 2015 Unknown
MPP 12500 Jiangsou S/Y 2015 Unknown
MPP 12500 Jiangsou S/Y 2015 Unknown
MPP 12500 Jiangsou S/Y 2016 Unknown
MPP 12500 Jiangsou S/Y 2016 Unknown
MSV 5000 Havyard Leirvik 2014 MPL
Products 106000 Hyundai H.I. 2015 Densa Shipping
Products 50000 Hyundai Mipo 2015 32 Mio Dong-A Tanker Co.
Products 50000 Hyundai Mipo 2015 32 Mio Dong-A Tanker Co.
PSV 5400 Leevac Shipyard 2014 Tidewater Marine
PSV 5400 Leevac Shipyard 2014 Tidewater Marine
PSV 5400 Leevac Shipyard 2015 Tidewater Marine
PSV 5400 Leevac Shipyard 2015 Tidewater Marine
RORO 11060 Visentini 2014 Nordana Line
Seis. Survey 7000 Mitsubishi H.I. 2015 PGS
TANKER 113000 Daewoo-Mangalia 2015 Eastern Med. Mar.
TANKER 113000 Daewoo-Mangalia 2015 Eastern Med. Mar.
TANKER 113000 Daewoo-Mangalia 2015 Eastern Med. Mar.
TANKER 113000 Daewoo-Mangalia 2015 Eastern Med. Mar.
TANKER 113000 STX S.B. 2015 Teekay Tankers
TANKER 113000 STX S.B. 2015 Teekay Tankers
TANKER 113000 STX S.B. 2015 Teekay Tankers
TANKER 113000 STX S.B. 2016 Teekay Tankers
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
13
D E M O L I T I O N M A R K E T
Demolition Historical Data
430 410
425 425
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 Tankers* 2010 2011
2012 2013
*India month's end prices
405 380 400 410
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* 2010 2011
2012 2013
*India month's end prices
13.4
27 28.65 26.9
38
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
12.9
0
10
20
30
40
50
60
Mill
ion
dw
t
Total Demolition (Dwt)
* Bss reported sales
Demolition Prices
Gen Cargo Tanker India USD 410 /lt Ldt USD 425 /lt Ldt
Bangladesh USD 405 /lt Ldt USD 425 /lt Ldt
Pakistan USD 415 /lt Ldt USD 435 /lt Ldt
China USD 355 /lt Ldt USD 375 /lt Ldt
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
14
HISTORICAL DEMOLITION PRICES (*Indian Year’s End)
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 CURR.
TANK 186 182 172 115 136 174 135 174 262 362 302 405 507 287 338 485 482 400 425 BULK 166 153 152 112 143 170 135 181 267 381 332 392 472 268 328 437 456 370 410
India
TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS
BULK LEOPARD B 19467 1976 5180 418
BULK KOZNITSA 25544 1984 7755 417
BULK SAPPHIRE II 28668 1978 6617 440 Full Spares
BULK STANISLAW KULCZYNSKI 33627 1988 8421 432
BULK MACIEJ RATAJ 33750 1985 8420 428
BULK ST. PAVEL 40461 1985 7220 425
BULK KRAIRACH DIGNITY 41213 1984 8528 425
BULK RADONEZH 41543 1983 8370 422
BULK MSC GIANNA 42077 1983 12767 446
BULK SEA PRINCE 44241 1988 8722 450 Incl 250T RoB
BULK WORLD SWAN 46799 1995 9300 443 Woodchip Carrier
CONT BACO-LINER 1 21801 1979 9102 450
CONT BACO-LINER 2 21801 1980 9102 450
CONT SAFMARINE PAKISTAN 22020 1998 7390 445 Asis Salalah
CONT DAMALI 24372 1995 8184 433
CONT MAERSK MADRID 59285 1989 19400 461 Full Spares
RORO SEABOARD VICTORY 14454 1983 9114 323 Asis Freeport & payment fr RoB
TANK PAPUDO 68232 1993 15969 341 Asis Chile with extra payment for RoB
TANK OMVATI PREM 90607 1993 18599 430
TWEEN HIYA BUILDER 11801 1980 6592 445
TWEEN SAINT DEMETRIOS 17154 1980 4420 422 Bss dely Calcutta
Bangladesh
TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS
BULK WARRIOR I 34856 1983 7934 405
BULK HUA TU 149532 1992 18431 425
BULK WINNING FRIEND 182212 1986 22335 438
CONT E.R. BRISBANE 35966 1996 11780 428
TANK G. GLORY 275914 1991 39205 454
TWEEN BAO YING 23300 1983 7044 375 Asis Singapore
0
100
200
300
400
500
600
USD
/to
n
Historical Demolition Prices (India Year's End)
TANKERS
BULKERS
Avg. Trend
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
15
China
TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS
BULK HUA JIN SONG 64211 1988 11829 360
BULK GLOBE BRIGHT 66764 1983 10412 390 Full Spares
COMBO HUA DI 47980 1989 14622 395
CONT STADT HAMBURG 12850 1998 4842 413
TANK NAPA 1 31543 1981 8169 392
TWEEN WIN MOONY 16757 1984 5712 365
Pakistan
TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS
BULK SENECA 28788 1983 7201 420 BULK DOXA D 30820 1984 6894 440
BULK HANGANG ELITE 187904 1991 25733 448
BULK PSU FIRST 275269 1990 37433 450
TWEEN ISLAMABAD 18257 1983 5575 433
Turkey
TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS
BULK ZEHRA VI 4654 1976 2025 322
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
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
1991 82 170.8 78.6 206.1 75.3 161.1
1992 83 161.9 81.5 208.2 78.4 165.2
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
Apr-13 570 821 608 1007 572 935
0
100
200
300
400
500
600
700
800
USD
/to
n
Bunkers Cost (380 cst)
Rotterdam
Fujeirah
Houston
Average Trend
0
200
400
600
800
1000
1200
USD
/to
n
Bunkers Cost (MGO)
Rotterdam
Fujeirah
Houston
Average Trend
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
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 0.6357 0.8431 0.006592 0.6863 0.6449 0.6658
CAD 1.5737 1 1.3266 0.010372 1.08 1.0147 1.0477
EUR 1.1864 0.754 1 0.007819 0.8141 0.7649 0.7897
JPY 151.746 96.4472 127.918 1 104.137 97.8447 101.023
CHF 1.4574 0.9263 1.2286 0.009606 1 0.9398 0.9703
USD 1.5509 0.9857 1.3074 0.010222 1.0644 1 1.0325
AUD 1.5023 0.9548 1.2665 0.009901 1.031 0.9687 1 * 30/04/2013 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
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
18
S T O C K W A T C H
NAME TICKER THIS MONTH* LAST MONTH CHANGE % 52w HIGH 52w LOW
NewLead Holdings NEWL 0.36 0.60 -40.7 3.45 0.31
Capital Product Partners CPLP 8.85 8.23 7.5 8.90 5.79
Diana Shipping DSX 9.45 10.71 -11.8 11.09 5.89
Dryships DRYS 1.85 2.09 -11.5 3.27 1.46
Eagle Bulk EGLE 3.44 3.65 -5.8 7.40 1.32
Euroseas ESEA 1.13 1.16 -2.6 1.91 0.86
Excel Martime EXM 0.42 1.10 -61.8 1.91 0.36
Freeseas FREE 1.10 1.28 -14.1 21.80 0.62
Genco Shipping&Trading GNK 1.73 2.89 -40.1 5.60 1.51
Costamare Inc. CMRE 16.17 15.86 2 16.71 12.08
Goldenport GPRT 36.30 34.10 6.5 87.00 33.01
Navios NM 4.50 4.47 0.7 4.65 3.08
GasLog LNG Services GLOG 12.57 12.91 -2.6 13.45 8.76
Paragon PRGN 4.31 5.17 -16.6 7.50 1.91
Safe Bulkers SB 4.91 5.07 -3.2 7.00 3.12
Star Bulk SBLK 6.26 7.18 -12.8 15.00 5.71
Stealthgas GASS 10.15 11.97 -15.2 12.10 5.17
TEN TNP 3.70 4.31 -14.2 6.42 3.04
TOP Ships TOPS 1.55 1.22 27 2.26 0.70
Box Ships Inc TEU 4.84 4.67 3.6 9.39 4.00
Diana Containerships Inc DCIX 5.66 5.36 5.6 7.88 4.80
Danaos Corporation DAC 4.09 4.00 2.3 4.73 2.44
Aegean Marine Petroleum ANW 6.29 6.74 -6.7 7.88 4.28
* 29/04/2013 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.