WEEKLY SHIPPING MARKET REPORT WEEK 31 · WEEKLY SHIPPING MARKET REPORT - pg. 6 Week 31 (24th Jul to...
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WEEKLY SHIPPING MARKET REPORT - pg. 1 Week 31 (24 th Jul to 31 st Jul 2020) Bulkers Miyazaki Sangyo have committed their Newcastlemax “Pacific Oak” 203/2005 Universal, Japan (SS/DD 10/2020) to Chinese buyers for high USD 14 mill. Remind you that her sister vessel “Cape Rosa” 203/2005 Universal, Japan (SS/DD 06/2022) was sold a month ago at USD 13,6 mill. Soloi’s BWTS fitted Panamax “Faye” 77/2010 Shin Kasado, Japan (SS/DD freshly passed) was sold at around USD 13 mill to Greek buyers. Please note that the two-years-older “Santa Rosalia” 76/2008 Tsuneishi, Japan (SS/DD 01/2023) was sold last week at mid-high USD 10 mill basis DD freshly passed & BWTS installed. Japanese owners have sold their BWTS fitted Ultramax “Bulk Aries” 60/2016 Onomichi, Japan (SS/DD 07/2021) to Greek buyers for mid-high USD 19 mill. For comparison, the “Ocean Jorf” 61/2016 Iwagi, Japan (SS/DD 03/2021) was sold last week at levels high USD 18 mill. Miho Kaiun have sold their Supramax “Santa Katarina” 58/2010 Tsuneishi Cebu, Philippines (SS/DD 11/2020) to Greek buyers for USD 10,7 mill including the BWTS which is ordered/included in the sale but not installed. Remind you that her sister vessel “BW Flax” 58/2010 Tsuneishi Cebu, Philippines (SS/DD 03/2022) was sold in May at USD 10,5 mill. Moreover, the Chinese built “Fulham” 57/2010 Cosco Dalian, China (SS/DD 08/2020) was sold for USD 7,5 mill with BWTS ordered/included but not installed also, while the similar “Xenofon XL” 57/1010 Cosco Zhoushan, China (SS/DD 08/2020) was sold to Chinese buyers for USD 7,45 mill. Finally, Kaishin Kaiun’s “Noble Halo” 56/2008 Mitsui, Japan (SS/DD 05/2021), which is rumored to be in poor condition, was sold at USD 7,9 mill to Greek buyers who waived inspection. The German owned BWTS fitted Handysize “Zambesi” 34/2013 Yangfan, China (SS 05/2023, DD 07/2021) was sold to undisclosed buyers at levels USD 8,75 mill. Please note that her sister vessel “Swakop” 34/2013 Yangfan, China (SS 01/2023, DD 02/2021) was sold in June for USD 8,5 mill. Tankers Very limited activity in the Wet sector. Qatar Shipping are rumored to have sold their Aframax “Umlma” 106/2006 Hyundai Samho, Korea (SS/DD 01/2021) at around USD 14,3-14,9 mill but the sale is not yet confirmed. Thai Oil’s Vintage FSO vessel “Southern Pearl” 97/1994 Samsung, Korea (SS/DD 01/2021), which was operating as dirty storage tanker, was sold to undisclosed buyers at USD 4,8 mill. Baltic Indices INDEX 31-Jul 24-Jul ± (%) BDI 1.350 1.317 2,51% BCI 2.206 2.084 5,85% BPI 1.227 1.198 2,42% BSI 870 915 -4,92% BHSI 474 471 0,64% Daily T/C Avg 31-Jul 24-Jul ± (%) Capesize $ 18.296 $ 17.284 5,86% Kamsarmax $ 11.045 $ 10.786 2,40% Panamax $ 9.709 $ 9.450 2,74% Supramax $ 9.565 $ 10.070 -5,01% Handysize 38 $ 8.539 $ 8.473 0,78% INDEX 31-Jul 24-Jul ± (%) BDTI 506 520 -2,69% BCTI 356 355 0,28% -1.000 0 1.000 2.000 3.000 4.000 5.000 Bulkers B.D.I B.C.I B.P.I. B.S.I. B.H.S.I. 0 400 800 1.200 1.600 2.000 2.400 Tankers BDTI BCTI WEEKLY SHIPPING MARKET REPORT WEEK 31
Transcript of WEEKLY SHIPPING MARKET REPORT WEEK 31 · WEEKLY SHIPPING MARKET REPORT - pg. 6 Week 31 (24th Jul to...
WEEKLY SHIPPING MARKET REPORT - pg. 1
Week 31 (24th Jul to 31st Jul 2020)
Bulkers
Miyazaki Sangyo have committed their Newcastlemax “Pacific Oak” 203/2005 Universal, Japan (SS/DD 10/2020) to Chinese buyers for high USD 14 mill. Remind you that her sister vessel “Cape Rosa” 203/2005 Universal, Japan (SS/DD 06/2022) was sold a month ago at USD 13,6 mill. Soloi’s BWTS fitted Panamax “Faye” 77/2010 Shin Kasado, Japan (SS/DD freshly passed) was sold at around USD 13 mill to Greek buyers. Please note that the two-years-older “Santa Rosalia” 76/2008 Tsuneishi, Japan (SS/DD 01/2023) was sold last week at mid-high USD 10 mill basis DD freshly passed & BWTS installed. Japanese owners have sold their BWTS fitted Ultramax “Bulk Aries” 60/2016 Onomichi, Japan (SS/DD 07/2021) to Greek buyers for mid-high USD 19 mill. For comparison, the “Ocean Jorf” 61/2016 Iwagi, Japan (SS/DD 03/2021) was sold last week at levels high USD 18 mill. Miho Kaiun have sold their Supramax “Santa Katarina” 58/2010 Tsuneishi Cebu, Philippines (SS/DD 11/2020) to Greek buyers for USD 10,7 mill including the BWTS which is ordered/included in the sale but not installed. Remind you that her sister vessel “BW Flax” 58/2010 Tsuneishi Cebu, Philippines (SS/DD 03/2022) was sold in May at USD 10,5 mill. Moreover, the Chinese built “Fulham” 57/2010 Cosco Dalian, China (SS/DD 08/2020) was sold for USD 7,5 mill with BWTS ordered/included but not installed also, while the similar “Xenofon XL” 57/1010 Cosco Zhoushan, China (SS/DD 08/2020) was sold to Chinese buyers for USD 7,45 mill. Finally, Kaishin Kaiun’s “Noble Halo” 56/2008 Mitsui, Japan (SS/DD 05/2021), which is rumored to be in poor condition, was sold at USD 7,9 mill to Greek buyers who waived inspection. The German owned BWTS fitted Handysize “Zambesi” 34/2013 Yangfan, China (SS 05/2023, DD 07/2021) was sold to undisclosed buyers at levels USD 8,75 mill. Please note that her sister vessel “Swakop” 34/2013 Yangfan, China (SS 01/2023, DD 02/2021) was sold in June for USD 8,5 mill.
Tankers
Very limited activity in the Wet sector. Qatar Shipping are rumored to have sold their Aframax “Umlma” 106/2006 Hyundai Samho, Korea (SS/DD 01/2021) at around USD 14,3-14,9 mill but the sale is not yet confirmed. Thai Oil’s Vintage FSO vessel “Southern Pearl” 97/1994 Samsung, Korea (SS/DD 01/2021), which was operating as dirty storage tanker, was sold to undisclosed buyers at USD 4,8 mill.
Baltic Indices
INDEX 31-Jul 24-Jul ± (%)
BDI 1.350 1.317 2,51%
BCI 2.206 2.084 5,85%
BPI 1.227 1.198 2,42%
BSI 870 915 -4,92%
BHSI 474 471 0,64%
Daily T/C Avg 31-Jul 24-Jul ± (%)
Capesize $ 18.296 $ 17.284 5,86%
Kamsarmax $ 11.045 $ 10.786 2,40%
Panamax $ 9.709 $ 9.450 2,74%
Supramax $ 9.565 $ 10.070 -5,01%
Handysize 38 $ 8.539 $ 8.473 0,78%
INDEX 31-Jul 24-Jul ± (%)
BDTI 506 520 -2,69% BCTI 356 355 0,28%
-1.000
0
1.000
2.000
3.000
4.000
5.000Bulkers
B.D.I B.C.I B.P.I. B.S.I. B.H.S.I.
0
400
800
1.200
1.600
2.000
2.400
Tankers
BDTI BCTI
WEEKLY SHIPPING MARKET REPORT WEEK 31
WEEKLY SHIPPING MARKET REPORT - pg. 2
Week 31 (24th Jul to 31st Jul 2020)
Capesize
Week 31 saw iron ore rates on the West Australia / China route climbing in
the high usd 6.00’s fio range. A number of round trips on the same route
were reported around usd 15,000/16,000 pd levels. South American trips
into Mediterranean were fixed around usd 20,000 pd plus ballast bonus at
the usd 400K. No period activity to report here.
Kamsarmax / Panamax
North Pacific rounds ranged at the usd 9,000/10,000 pd. A number of
Indonesian trips into China were reported fixed in the usd 9,000/10,000 pd
range. A number of Australian trips into India were reported at the level of
usd 12,000 pd. Indian iron ore trips into China were fixed around usd 17,000
pd. West African trips into Continent with bauxite were reported at the level
of usd 14,500 pd. Mediterranean trips into Continent via Murmansk were
fixed around usd 7,000 pd. Mediterranean trips into Continent via Black Sea
were reported at the level of usd 9,000 pd. Inter-Continental trips via Baltic
with coal were fixed around usd 9,000 pd. Continental trips via Continent
into China with grains were reported at the level of usd 16,000 pd.
Continental trips via Baltic into South America with coal were fixed around
usd 9,600 pd. US Gulf trips into China were reported around usd 15,500 pd
plus ballast bonus at the usd 500K. US Gulf trips into Continent were fixed at
the level of usd 12,000 pd plus ballast bonus at the usd 115K. South
American trips into Continent were reported at around usd 13,000/14,500
pd. South American trips into China were fixed at the level of usd
12,000/13,800 pd plus ballast bonus at the usd 320K/385K. Usd 10,500 pd
on a Kamsarmax for 11/13 months employment basis delivery in the Pacific.
Ultramax / Supramax
A number of Australian trips into China were reported fixed in the usd
10,000/11,000 pd range. Philippines nickel ore trips into China were
reported at the level of usd 9,000/9,600 pd. Indian trips into China were
fixed around usd 14,700 pd. West African trips via West Africa into China
with manganese ore were reported at the level of usd 21,000 pd.
Mediterranean trips into South Africa via Black Sea and India were fixed
around usd 13,000 pd. No period activity to report here.
Handymax / Handysize
A generally quiet week for this segment. West Coast India trips via Red Sea
into China were reported at the level of usd 9,000 pd. East Coast Indian trips
via East Coast India into China were fixed around usd 15,000 pd.No period
activity to report here.
0
5.000
10.000
15.000
20.000
25.000
30.000
35.000
$/d
ay
Capesize
0
3.000
6.000
9.000
12.000
15.000
$/d
ay
Panamax
0
2.000
4.000
6.000
8.000
10.000
12.000
$/d
ay
Supramax
0
2.000
4.000
6.000
8.000
10.000
$/d
ay
Handysize 38k
DRY BULK COMMENTARY
WEEKLY SHIPPING MARKET REPORT - pg. 3
Week 31 (24th Jul to 31st Jul 2020)
Bulk Carriers
Type Name Dwt YoB Yard SS M/E Gear Price Buyer Comments
Newcastlemax Pacific Oak 203.212 2005 Universal,
Japan 10/2020
MAN-
B&W - High $ 14m Chinese
Panamax Faye 76.619 2010 Shin Kasado,
Japan 01/2025
MAN-
B&W -
Around
$ 13m Greek
BWTS fitted,
SS/DD
freshly
passed
Ultramax Bulk Aries 60.220 2016 Onomichi,
Japan 07/2021
MAN-
B&W 4x30T
Mid-High
$ 19m Greek BWTS fitted
Supramax Santa
Katarina 58.096 2010
Tsuneishi
Cebu,
Philippines
11/2020 MAN-
B&W 4x30T $ 10,7m Greek
BWTS
ordered/
included but
not installed
Supramax Fulham 57.047 2010 Cosco Dalian,
China 08/2020
MAN-
B&W 4x30T $ 7,5m Undisclosed
BWTS
ordered/
included but
not installed
Supramax Xenofon XL 57.005 2010
Cosco
Zhoushan,
China
08/2020 MAN-
B&W 4x30T $ 7,45m Chinese
Supramax Noble Halo 56.089 2008 Mitsui, Japan 05/2021 MAN-
B&W 4x30T $ 7,9m Greek
Poor
condition,
Waiving
inspection
Handysize Zambesi 34.205 2013 Yangfan,
China 05/2023 Wartsila 4x35T $ 8,75m Undisclosed BWTS fitted
Tankers Type Name Dwt YoB Yard SS M/E Price Buyer Comments
FSO Southern
Pearl 96.755 1994 Samsung, Korea 01/2021 B&W $ 4,8m Undisclosed DPP storage
Chemical/Oil
Products
Alberta
Amoretti 30.031 1999 Apuania Nuovi, Italy 07/2022 MaK Undisclosed Undisclosed Old sale
Small Blackburn 4.998 2014 Nanjing Yonghua, China 07/2020 Daihatsu Undisclosed Italian
Containers
Type Name Teu YoB Yard SS M/E Gear Price Buyer Comments
Sub
Panamax Arica 2.797 2007
Yangfan,
China 12/2022 MAN-B&W 3x40T $ 6,5m Undisclosed Auction sale
Feeder Magnus F 1.118 2006 Jinling,
China 04/2021 MAN - $ 1,7m Undisclosed
REPORTED SALES
WEEKLY SHIPPING MARKET REPORT - pg. 4
Week 31 (24th Jul to 31st Jul 2020)
Indicative Demolition Prices
Country Price $/ldt
Bu
lke
rs
India 295
Bangladesh 305
Pakistan 330
Turkey 185
Tan
kers
India 305
Bangladesh 315
Pakistan 340
Turkey 190
Demolition Sales
Type Vessel Dwt YoB Ldt Price $/ldt Country Comments
Bulker Alby Melody 45.642 1995 7.539 355 Pakistan
Container Mcc Mergui 21.825 1992 7.480 233 India “As Is” Singapore, HKC Green
recycling
Container Mcc Ha Long 21.825 1991 7.480 233 India “As Is” Singapore, HKC Green
recycling
Container Tove Maersk 21.825 1992 7.480 233 India “As Is” Singapore, HKC Green
recycling
140
160
180
200
220
240
260
280
300
$/l
dt
Tankers
Turkey
140
160
180
200
220
240
260
280
300
$/l
dt
Bulkers
Turkey
260
280
300
320
340
360
380
400
420
440
460
$/l
dt
Tankers
India Bangladesh Pakistan
260
280
300
320
340
360
380
400
420
440
460$
/ld
tBulkers
India Bangladesh Pakistan
DEMOLITION
WEEKLY SHIPPING MARKET REPORT - pg. 5
Week 31 (24th Jul to 31st Jul 2020)
Bulk Carriers
Units Dwt Yard Delivery Price Owner Comments
5 208.000 New Times, China 2022 $ 65m Singaporean (EPS) Dual fueled, 5years
T/C to BHP
Tankers
Units Dwt Yard Delivery Price Owner Comments
2+1 50.000 Hyundai Mipo, Korea 2021 $ 35,7m Greek (Benelux Overseas)
2+2 50.000 Hyundai Mipo, Korea 2021 $ 36m E4C Shipping
Containers
Units Teu Yard Delivery Price Owner Comments
4 1.100 Guangzhou Wenchong,
China 2021/2022 Undisclosed Korean (Sinokor)
Gas
Units Cbm Yard Delivery Price Owner Comments
3+2 86.000 Jiangnan, China 2022 $ 73m JV of Adnoc &Wanhua LPG
NEWBUILDING
WEEKLY SHIPPING MARKET REPORT - pg. 6
Week 31 (24th Jul to 31st Jul 2020)
0
10
20
30
40
50
20,514,5
85
15,510,5 7
27
18,5
13,58,5
2922,5
49
27
20,5
12,5
Mill
ion
US$
BulkersCapesize
Kamsarmax
Panamax
Ultramax
Supramax
Handysize
Prompt Resale 5 years 10 years 15 years
0
20
40
60
80
100
3626,5
1812
4936
2515,5
62
47
32,5
20
92
67
46
33
Mill
ion
US$
Tankers
VLCC
Suezmax
Aframax
MR
Prompt Resale 5 years 10 years 15 years
Bulkers Tankers
Size Age Week
31 Week
30 ± %
Size Age
Week 31
Week 30
± %
Capesize 180k Resale 49 49 0,00% VLCC 310k Resale 92 93 -1,08%
Capesize 180k 5 years 27 27 0,00% VLCC 310k 5 years 67 68 -1,47%
Capesize 180k 10 years 20,5 20,5 0,00% VLCC 300k 10 years 46 47 -2,13%
Capesize 170k 15 years 12,5 12,5 0,00% VLCC 300k 15 years 33 34 -2,94%
Kamsarmax 82k Resale 29 29 0,00% Suezmax 160k Resale 62 63 -1,59%
Kamsarmax 82k 5 years 22,5 22,5 0,00% Suezmax 160k 5 years 47 48 -2,08%
Panamax 76k 10 years 13,5 13,5 0,00% Suezmax 150k 10 years 32,5 34 -4,41%
Panamax 74k 15 years 8,5 8,5 0,00% Suezmax 150k 15 years 20 21 -4,76%
Ultramax 63k Resale 27 27 0,00% Aframax 110k Resale 49 50 -2,00%
Ultramax 61k 5 years 18,5 18,5 0,00% Aframax 110k 5 years 36 37 -2,70%
Supramax 58k 5 years 15,5 15,5 0,00% Aframax 105k 10 years 25 26 -3,85%
Supramax 56k 10 years 10,5 10,5 0,00% Aframax 105k 15 years 15,5 16 -3,13%
Supramax 52k 15 years 7 7 0,00% MR 52k Resale 36 36 0,00%
Handysize 38k Resale 20,5 20,5 0,00% MR 51k 5 years 26,5 26,5 0,00%
Handysize 37k 5 years 14,5 14,5 0,00% MR 47k 10 years 18 18 0,00%
Handysize 32k 10 years 8 8 0,00% MR 45k 15 years 12 12 0,00%
Handysize 28k 15 years 5 5 0,00%
INDICATIVE PRICES
WEEKLY SHIPPING MARKET REPORT - pg. 7
Week 31 (24th Jul to 31st Jul 2020)
Currencies Currency 30-Jul 23-Jul ± (%)
EUR / USD 1,1847 1,1596 2,16% USD / JPY 104,73 106,86 -1,99%
USD / KRW 1.194,26 1.197,40 -0,26% NOK / USD 0,1100 0,1084 1,48%
Commodities Commodity 30-Jul 23-Jul ± (%)
Brent Crude (BZ) 42,94 43,31 -0,85% WTI Crude Oil (WTI) 39,92 41,07 -2,80%
Natural Gas (NG) 1,83 1,79 2,23% Gold (GC) 1.966,80 1.890,00 4,06%
Copper (HG) 2,92 2,92 0,00% Wheat (W) 529,50 529,50 0,00%
1,06
1,08
1,10
1,12
1,14
1,16
1,18
1,20
EUR / USD
-40
-20
0
20
40
60
80
$/b
bl
Oil PricesBrent Crude
WTI Crude
KEY INDICATORS
WEEKLY SHIPPING MARKET REPORT - pg. 8
Week 31 (24th Jul to 31st Jul 2020)
Stock Prices – Shipping Companies
Company Stock Exchange 30-Jul 23-Jul ± (%) Diana Shipping Inc (DSX) NYSE 1,41 1,40 0,71% Euroseas Ltd (ESEA) NASDAQ 2,64 2,76 -4,35% Eagle Bulk Shipping Inc (EGLE) NASDAQ 2,43 2,08 16,83% Navios Maritime Holdings Inc (NM) NYSE 1,90 1,87 1,60% Navios Maritime Partners LP (NMM) NYSE 6,87 8,65 -20,58% Star Bulk Carriers Corp (SBLK) NASDAQ 7,05 6,09 15,76% Seanergy Maritime Holdings Corp (SHIP) NASDAQ 1,51 1,65 -8,48% Safe Bulkers Inc (SB) NYSE 1,36 1,15 18,26% Golden Ocean Group Ltd (GOGL) NASDAQ 3,83 3,50 9,43%
Stock Prices - Wet
Company Stock Exchange 30-Jul 23-Jul ± (%) Capital Product Partners LP (CPLP) NASDAQ 6,80 8,30 -18,07% TOP Ships Inc (TOPS) NASDAQ 0,10 0,11 -9,09% Tsakos Energy Navigation Ltd (TNP) NYSE 9,05 8,85 2,26%
Stock Prices - Other
Company Stock Exchange 30-Jul 23-Jul ± (%) Danaos Corp (DAC) NYSE 3,52 3,48 1,15% StealthGas Inc (GASS) NASDAQ 2,44 2,54 -3,94% Rio Tinto PLC (RIO) NYSE 61,04 60,68 0,59% Vale SA (VALE) NYSE 11,85 11,29 4,96% Archer-Daniels-Midland Co (ADM) NYSE 43,36 42,26 2,60% BHP Group Ltd (BHP) NYSE 53,15 52,71 0,83%
SHIPPING INDICATIVE SHARE VALUE
WEEKLY SHIPPING MARKET REPORT - pg. 9
Week 31 (24th Jul to 31st Jul 2020)
ADVANCED SHIPPING & TRADING S.A.
Vouliagmenis Avenue 168, 1st Floor,
Glyfada 16674, Greece
Tel: +30 210 30 03 000
Fax: +30 210 30 01 305
Sale & Purchase Department: Cpt. Fountoglou Michalis Mob: +30 6947 70 07 18 Thermos Stavros Mob: +30 6944 24 20 20
Harrington James Mob: +44 7768 10 45 33
Papoutsis George Mob: +30 6951 00 51 65
Balpakakis Manolis Mob: +30 6955 47 77 72
Chrousalas Thanasis Mob: +30 6955 47 77 73
Landrakis Stelios Mob: +30 6955 47 77 74
Bilias Tasos Mob: +30 6955 47 77 71
Kontaratos Alkis Mob: +30 6949 19 11 79
Markoutsa Nela Mob: +30 6959 99 85 10
Roussos Pantelis Mob: +30 6955 19 57 42
Mylona Irini Mob: +30 6951 97 60 02
Grigoriou Nikos Mob: +30 6946 85 89 29
Operations Department:
Katsouli Fotini Mob: +30 6942 54 23 57
Chief Executive Consultant:
Cpt. Galonis Dimitrios Mob: +30 6945 55 36 81
E-mail: [email protected]
E-mail: [email protected]
E-mail: [email protected]
E-mail: [email protected]
Dry Cargo Chartering Department:
Pittas Jordan Mob: +30 6944 05 27 46
Benetos Kostas Mob: +30 6943 29 32 13
Filippis Dimitris Mob: +30 6949 19 58 96
Veronikis Spyros Mob: +30 6946 28 07 21
Paraskevopoulou Mina Mob: +30 6949 37 47 06
Dienis Angelos Mob: +30 6951 82 94 48
Ploumpis Stefanos Mob: +30 6951 00 24 36
Petrou Viky Mob: +30 6983 32 55 69
Research Department:
Avdikos Alexandros Mob: +30 6979 49 91 78
Liadi Ioanna Mob: +30 6946 75 59 10
Liadi Artemis Mob: +30 6956 58 41 49
Accounting Department: Stergiou Kostas Mob: +30 6942 09 73 10
Administration Department: Simou Chrysa Mob: +30 6970 55 31 28
“ THINK BIG ” Legal Disclaimer The information contained herein has been obtained by various sources. Although every effort has been made to ensure that this information is accurate, complete and up-to-date, Advanced Shipping & Trading S.A. does not accept any responsibility whatsoever for any loss or damage occasioned or claimed, upon reliance on the information, opinions and analysis contained in this report. Research compiled by: Advanced Shipping & Trading S.A. Market Research on behalf of the Sale & Purchase, Dry Cargo Chartering and Tanker Chartering Departments. For any questions, please contact: [email protected]
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