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
October 2018
M O N T H L Y R E P O R T
0
500
1000
1500
2000
2500
Oct
-13
De
c-1
3
Feb
-14
Ap
r-1
4
Jun
-14
Au
g-1
4
Oct
-14
De
c-1
4
Feb
-15
Ap
r-1
5
Jun
-15
Au
g-1
5
Oct
-15
De
c-1
5
Feb
-16
Ap
r-1
6
Jun
-16
Au
g-1
6
Oct
-16
De
c-1
6
Feb
-17
Ap
r-1
7
Jun
-17
Au
g-1
7
Oct
-17
De
c-1
7
Feb
-18
Ap
r-1
8
Jun
-18
Au
g-1
8
Oct
-18
Baltic Dry Index
PRICES TANKERS ($ MIO)
* Prices reflect Year’s End 2012* 2013* 2014* 2015* 2016* 2017* Oct-18
VLCC 5Y 56.0 55.8 77.1 80 60 64 66
VLCC 10Y 35.0 35.0 52.1 55 40 41 42
SUEZMAX 5Y 40.2 39.5 56.8 60 40 43.5 44
AFRAMAX 5Y 28.0 27.8 41.9 46 29 32 31.9
AFRAMAX10Y 16.3 16.3 26.8 31 18 20 19
PANAMAX5Y 24.3 24.3 33.4 35 28 29 29.8
47K 5Y 23.0 23.3 23.8 28.9 22 26.8 26.8
45K 10Y 15.5 15.7 15.2 19.6 15.5 17 14.3
45K 20Y 6.2 6.2 6.5 8.5 5.1 5.1 5.5
PRICES BULKERS ($ MIO)
* Prices reflect Year’s End 2012* 2013* 2014* 2015* 2016* 2017* Oct-18
CAPESIZE 5Y 32.0 43.9 39.5 25 24 33 36
CAPESIZE 10Y 20.5 31.0 27.8 13.6 15 20.5 25.1
CAPESIZE 15Y 12.7 18.2 16.3 8.5 8 13 15.2
CAPESIZE 20Y 9.3 10.1 9.0 5.6 5.5 7 9
KAMSARMAX 5Y 18.0 25.6 20.1 14 14 22.5 23.3
PANAMAX 10Y 12.5 17.9 14.6 8.5 8.5 14.5 15.7
PANAMAX 15Y 8.3 12.0 10.0 5 5.4 11 10.1
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 18.1
SUPRAMAX 10Y 13.0 17.4 13.8 8 9.5 13.5 14.2
HANDYMAX15Y 8.7 10.9 9.1 4.5 5.8 9.5 9.2
HANDYMAX20Y 6.3 6.4 6.2 3.5 2.8 6.5 6.2
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2
♦Prior 2017 76-78k dwt
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
10
20
30
40
50
60
70
80
90
Pri
ce (
US
D M
io)
Monthly Tanker Price Trend
VLCC 5Y VLCC 10Y SMAX 5Y AMAX 5Y
AMAX 10Y PMAX 5Y 47K 5Y 45K 10Y
0
10000
20000
30000
40000
50000
60000
70000
(US
D)
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
10
20
30
40
50
60
Pri
ces
(US
D M
io)
Monthly Bulk Carrier Price 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
(US
D)
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
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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 May-18 Jun-18 Jul-18 Aug-18 Sep-18 Oct-18 Total
BULK 63 43 43 35 27 64 275
TANK 38 19 26 15 20 22 140
GAS 2 1 11 2 1 1 18
CONT 11 26 6 3 3 12 61
TWEEN/MPP 0 4 4 0 0 2 10
REEF 0 0 0 0 0 0 0
RORO 0 0 0 0 0 0 0
FERRY 1 0 0 0 0 0 1
CRUISE 0 0 2 0 0 0 2
Total 115 93 92 55 51 101 507
358
64
320
27
0
100
200
300
400
THIS MONTH - PREVIOUS MONTH
S&P Activity Dry(>5,000 Dwt)
AVAILABLE FOR SALE
REPORTED SOLD
PREVIOUS MONTH A/BLE FORSALEPREVIOUS MONTH SALES
199
22
180
20
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
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4
TANKER SALES
NAME DWT BLT PRICE $ BUYER
ANGEL SUN 4999 2006 CHINA DH 2.1 MIO SINGAPOREAN (At auction)
GALATEA 7413 2011 CHINA DH 6.5 MIO US BASED (Epoxy)
GLOBAL MERCURY 12693 2007 JAPAN DH 10.25 MIO UNDISCLOSED (StSt)
BERG 16870 2008 CHINA DH 7.5 MIO INDONESIAN(Phenolic epoxy)
ARDMORE DAUNTLESS 37000 2015 KOREA DH 25.5 MIO ENBLOC BSS▼
ARDMORE DEFENDER 37000 2015 KOREA DH 25.5 MIO OCEAN YIELD (Price each)
PEARL EXPRESS 45727 2004 JAPAN DH 9.5 MIO MIDDLE EASTERN (Epoxy)
CHALLENGE PREMIER 45897 2005 JAPAN DH 12.75 MIO UNDISCLOSED (3 years bbhp)
PACIFIC VEGA 45951 2010 JAPAN DH 16.35 MIO UNDISCLOSED
HIGH ENTERPRISE 45967 2009 JAPAN DH 13.75 MIO TRANSOCEAN (Epoxy)
MILA 46013 2003 JAPAN DH 7 MIO US BASED (Epoxy)
DENSA CROCODILE 105171 2015 KOREA DH 33 MIO ENBLOC BSS▼
DENSA ALLIGATOR 105171 2015 KOREA DH 28.5 MIO GREEK
CSK SHELTON 106029 2005 KOREA DH 13.4 MIO GREEK
BRITISH KESTREL 113553 2006 KOREA DH 14.3 MIO ENBLOC BSS▼
BRITISH FALCON 113553 2006 KOREA DH 14.3 MIO ENBLOC BSS▼
BRITISH EAGLE 113553 2006 KOREA DH 14.3 MIO GREEK (Price each)
AMORE MIO II 159885 2001 KOREA DH 11.5 MIO INDONESIAN
DS VISION 297345 2011 CHINA DH 56 MIO ENBLOC BSS▼
DS VENTURE 297345 2011 CHINA DH 56 MIO CHINESE (Price each)
FRONT ARIAKE 298530 2001 JAPAN DH 20.7 MIO UNDISCLOSED (For conversion)
ASTRO CHORUS 305704 2001 KOREA DH 21.5 MIO CHINESE (For conversion)
721
519
594
350
450
550
650
750
850
44 47 50 1 4 7 10 13 16 19 22 25 28 31 34 37 40 43
WEEK NO
Baltic Clean Tanker - Yearly
20182017
825759
1112
450
650
850
1050
1250
44 47 50 1 4 7 10 13 16 19 22 25 28 31 34 37 40 43
WEEK NO
Baltic Dirty Tanker - Yearly
20182017
596598
569
500
520
540
560
580
600
620
01/10/2018 08/10/2018 15/10/2018 22/10/2018 29/10/2018
Baltic Clean Tanker - Monthly
853
947
1141
650
750
850
950
1050
1150
1250
01/10/2018 08/10/2018 15/10/2018 22/10/2018 29/10/2018
Baltic Dirty Tanker - Monthly
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5
GAS SALES
NAME DWT BLT CBM PRICE $ BUYER
GAS TAURUS 49999 2001 JAPAN 77342 20 MIO GREEK
41150
29700
33500
0
10000
20000
30000
40000
50000
Oct-17 Dec-17 Feb-18 Apr-18 Jun-18 Aug-18 Oct-18
$/D
ay
Spot Market - Tankers
VLCC
SUEZMAX
AFRAMAX
27250
17750
16200
10000
15000
20000
25000
30000
Oct-17 Dec-17 Feb-18 Apr-18 Jun-18 Aug-18 Oct-18
$/D
ay
Period Market - Tankers 1 Year T/C
VLCC
SUEZMAX
AFRAMAX
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6
BULKER SALES
NAME DWT BLT GEAR PRICE $ BUYER
GLORY HARVEST 6940 2000 JAPAN
CR1X30,
D2X25 2 MIO UNDISCLOSED
WOOYANG ACE 7351 2008 CHINA
D2X30,
D2X25 2.7 MIO CHINESE
LE SHENG 22271 1998 CHINA
CR 1X 40,
CR 2X15 4.2 MIO ENBLOC BSS▼
LE TAI 22318 1999 CHINA
CR 1X 40,
CR 2X15 4.2 MIO CHINESE (Price each)
STAR LIFE 28210 2011 JAPAN CR 4X30.7 11.1 MIO UNDISCLOSED
GLORIA HAYNE 28392 1996 JAPAN CR 4X30.5 4.2 MIO UNDISCLOSED
VOULA SEAS 28495 2002 JAPAN CR 4X30 6.5 MIO UNDISCLOSED
BALTIC SPIRE 28545 1997 JAPAN CR 4X30.5 5 MIO UNDISCLOSED
SIDER BOSTON 29084 2011 CHINA CR 4X30 10 MIO GREEK
GOLDEN KIKU 29700 2005 JAPAN CR 4X30.5 7.5 MIO FAR EASTERN
LA LOUISE 31764 1998 JAPAN CR 4X30.5 5.9 MIO UNDISCLOSED (Surveys freshly
passed)
GREEENFINCH 32298 2010 JAPAN CR 4X30.5 11.8 MIO MIDDLE EASTERN
IVS KANDA 32261 2004 JAPAN CR 4X30.5 8.75 MIO EUROPEAN
SPLENDEUR 33440 2008 JAPAN CR 4X30.5 11 MIO UNDISCLOSED
SKELT 34529 2010 KOREA CR 4X35 12.9 MIO TUFTON OCEANIC
APOSTOLOS II 34699 2003 CHINA CR 4X30 7.25 MIO GREEK (Surveys freshly passed)
OCEAN WEALTH 38243 2012 JAPAN CR 4X30.5 15 MIO ORIENT SHIPPING
GENCO MUSE 48913 2001 JAPAN CR 4X30 6.7 MIO CHINESE
FROGNAL 52544 2005 PHILIPPINES CR 4X30 10.5 MIO GREEK
NIKKEI DRAGON 52950 2009 JAPAN CR 4X30 13 MIO GREEK
630
661
675
550
600
650
700
750
01/10/2018 10/10/2018 19/10/2018 28/10/2018
Baltic Handysize
1192
1192
1087
1000
1050
1100
1150
1200
1250
01/10/2018 10/10/2018 19/10/2018 28/10/2018
Baltic Supramax
1679
1793
1556
1400
1500
1600
1700
1800
1900
01/10/2018 10/10/2018 19/10/2018 28/10/2018
Baltic Panamax
2199
1961
2353
2607
1700
1900
2100
2300
2500
2700
01/10/2018 10/10/2018 19/10/2018 28/10/2018
Baltic Capesize
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7
BULK ZAMBESI 53776 2011 CHINA CR 5X40 * ENBLOC BSS▼
BULK LIMPOPO 53776 2012 CHINA CR 5X40 50 MIO INDONESIAN (Ttl price)
INDIGO EVOLUTION 55625 2010 JAPAN CR 4X30 15.5 MIO GREEK
MILLWALL 55648 2011 VIETNAM CR 4X30 11.7 MIO UNDISCLOSED
PETERBOROUGH 55783 2009 VIETNAM CR 4X30 10.5 MIO UNDISCLOSED
IVY UNICORN 55874 2011 JAPAN CR 4X35 16.25 MIO GREEK
BULK AVANTI 56024 2006 JAPAN CR 4X30 12.5 MIO UNDISCLOSED
TRITON SEAGULL 56058 2007 JAPAN CR 4X30 13.6 MIO GREEK
GRAND PIONEER 56645 2011 CHINA CR 4X36 11 MIO ENBLOC BSS▼
GRAND BREAKER 56651 2011 CHINA CR 4X35 12 MIO UNDISCLOSED
SHROPSHIRE 56812 2009 CHINA CR 4X36 9.3 MIO DUTCH
GLADIATORSHIP 56819 2010 CHINA CR 4X30 * ENBLOC BSS▼
GUARDIANSHIP 56884 2011 CHINA CR 4X30 23 MIO CHINESE (Ttl price)
QUEEN HALO 58096 2010 PHILIPPINES CR 4X30 15.25 MIO UNDISCLOSED
MEDI FIRENZE 58722 2008 PHILIPPINES CR 4X30 13.8 MIO INDONESIAN
SBI HERMES 61272 2016 JAPAN CR 4X30.7 20.5 MIO UNDISCLOSED (BBB)
SAGE BAYLORCOM 63500 2015 CHINA CR 4X35 22.9 MIO GREEK
DRAGONGATE 63503 2016 JAPAN CR 4X30.7 26.8 MIO GREEK
SERENA R 63997 2016 CHINA CR 4X30 29 MIO GREEK (BBHP)
OCEAN PANKAJ 64000 2018 CHINA CR 4X30 24.1 MIO GREEK
NEW HERALD 72875 1997 KOREA GLESS 5 MIO CHINESE
CELERINA 73035 1999 CHINA GLESS 5.5 MIO CHINESE (DD due 12/2018)
IOANNIS ZAFIRAKIS 73305 2004 JAPAN GLESS 10.2 MIO GREEK
NAVIOS FELICITY 73867 1997 JAPAN GLESS 4.9 MIO UNDISCLOSED
ANGELIC GRACE 74750 2001 CHINA GLESS 5.5 MIO GREEK (At auction)
EISHO 74930 2012 JAPAN GLESS 18.7 MIO GREEK
STAR OF NIPPON 75611 2004 JAPAN GLESS 9.8 MIO UNDISCLOSED (SS due)
HAI JING 75928 2001 JAPAN GLESS 7.62 MIO CHINESE (At auction)
AOM MILENA 76606 2009 JAPAN GLESS 16 MIO UNDISCLOSED (Surveys due 06/19)
DOUBLE
PROSPERITY 76633 2005 JAPAN GLESS 10.6 MIO UAE
YONGJI 77672 2000 JAPAN GLESS 8 MIO UNDISCLOSED
ENERGY MIDAS 77697 1998 JAPAN GLESS 6.85 MIO CHINESE
JAG ARYA 80480 2011 KOREA GLESS 18.75 MIO GREEK (DD due 03/2019)
DAEBO NEWCASTLE 81398 2011 KOREA GLESS 19 MIO UNDISCLOSED (DD due 05/2019)
SKY JADE 81487 2010 JAPAN GLESS 19 MIO CHINESE
RICH WAVE 81788 2017 JAPAN GLESS 29.8 MIO UK BASED (Eco+BWTS fitted)
GLOBAL STAR 83601 2010 JAPAN GLESS 18.9 MIO UNDISCLOSED
SCOTIAN EXPRESS 93019 2011 CHINA GLESS 16.5 MIO UNDISCLOSED
SCANDINAVIAN
EXPRESS 93038 2010 CHINA GLESS 15.5 MIO GREEK
SC LOTTA 169057 2009 KOREA GLESS 20.75 MIO GREEK (SS/DD due 02/2019)
LOWLANDS
LONGEVITY 173018 2001 KOREA GLESS 11.5 MIO KOREAN
PACIFIC EXPLORER 177456 2007 JAPAN GLESS 21 MIO UNDISCLOSED
NEW DALIAN 180371 2010 CHINA GLESS 27 MIO GREEK
BULK ASIA 181380 2014 JAPAN GLESS 40.5 MIO SINGAPOREAN (BWTS fitted)
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8
CONTAINER SALES
NAME DWT BLT GEAR TEU PRICE $ BUYER
FRISIA ALLER 13720 2007 CHINA CR 2X45 1118 6.1 MIO ENBLOC BSS▼
FRISIA ILLER 13720 2007 CHINA CR 2X45 1118 6.1 MIO ENBLOC BSS▼
FRISIA INN 13720 2008 CHINA CR 2X45 1118 6.1 MIO ENBLOC BSS▼
FRISIA ALSTER 13720 2007 CHINA CR 2X45 1118 6.1 MIO GREEK (Price each)
NORFOLK TRADER 35414 2002 ROMANIA CR 3X45 2496 7.8 MIO NORWEGIAN
KOTA GAYA 38887 2012 KOREA GLESS 2824 * ENBLOC BSS▼
KOTA GABUNG 38887 2013 KOREA GLESS 2824 * ENBLOC BSS▼
KOTA KARIM 39763 2006 JAPAN GLESS 3081 * ENBLOC BSS▼
KOTA LAWA 50638 2008 CHINA GLESS 4250 * ENBLOC BSS▼
KOTA LIHAT 51822 2013 CHINA GLESS 4335 88.9 MIO MINSHENG FL (Ttl price. Incl
T/C)
MAERSK EUREKA 140973 2012 KOREA GLESS 13092 * ENBLOC BSS▼
MAERSK EDIRNE 140973 2012 KOREA GLESS 13092 92 MIO JAPANESE (Ttl price)
17900
14500
10300
0
5000
10000
15000
20000
25000
30000
Oct-17 Dec-17 Feb-18 Apr-18 Jun-18 Aug-18 Oct-18
$/D
ay
Spot Market - BulkersCAPESIZE
PANAMAX
HANDYMAX
21000
13200
13300
4100
6100
8100
10100
12100
14100
16100
18100
20100
22100
Oct-17 Dec-17 Feb-18 Apr-18 Jun-18 Aug-18 Oct-18
$/D
ay
Period Market - Bulkers 1 Year T/CCAPESIZE
PANAMAX
SUPRAMAX
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9
MPP/TWEEN SALES
NAME DWT BLT GEAR TEU PRICE $ BUYER
UNIRICH 8660 1994 JAPAN D 2X30,D 2X25 1.4 MIO FAR EASTERN
YANGTZE
INNOVATION 30537 2002 CHINA CR 2X100, CR 2X50 1842 5.8 MIO CHINESE
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 2020+ Total
Capesize 18 80 94 192
Kamsarmax 22 122 74 218
Supra/Hmax 31 93 72 196
Handies 27 79 35 141
Total 98 374 275 747
Ship Type 2018 2019 2020+ Total
ULCC/VLCC 12 62 32 106
Suezmax 7 23 18 48
Aframax 16 53 37 106
Panamax 5 13 14 32
MR+Small 57 123 59 239
Total 97 274 160 531
Ship Type 2018 2019 2020+ Total
VLGC 3 16 21 40
LGC 0 0 0 0
MR 1 6 2 9
Handy 2 4 4 10
Small 2 3 3 8
Total 8 29 30 67
92.3
60.1
47.8
35.9
20
40
60
80
100
Oct-16 Feb-17 Jun-17 Oct-17 Feb-18 Jun-18 Oct-18
$m
Tanker Prices VLCC Suezmax
Aframax MR
49.5
27.8
25.7
23.9
10
15
20
25
30
35
40
45
50
55
Oct-16 Feb-17 Jun-17 Oct-17 Feb-18 Jun-18 Oct-18
$m
Bulker Prices Capesize Kamsarmax
Supramax Handysize
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
10
79
250
151
47
248
199
80 104
163
0
100
200
300
2016 2017 Oct-18
No
. o
f V
es
se
ls
Newbuilding Sales Tankers
Bulkers
Containerships
9.9
34.1
36.9
10.8
34.9
21.9
0
5
10
15
20
25
30
35
40
Oct-18 2019 2020+
m. d
wt
Delivery Schedule Bulkers
Tankers
23.6
5.2
12.3
2.1
7.7
0
5
10
15
20
25
October 2018
m.
dw
t
Tanker Newbuildings on Order VLCC Suezmax
Aframax Panamax
Products 46.4
18.1
11.7
3.3
0
5
10
15
20
25
30
35
40
45
50
October 2018
m. d
wt
Bulker Newbuildings on Order CapesizeKamsarmaxSupramaxHandysize
Newbuilding Historical Prices ($m)
Tankers Oct-18 2017 2016 2015 2014 2013 2012 2010 2008 2005 2000 1995 1990 1985
320,000 DWT1 92.3 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 60.1 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 47.8 44 44.5 52 53.6 52.2 48.5 56 74 58 41.5 43.3 53.2
2 18.1
50,000 DWT1 35.9 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
185,000 DWT1 49.5 44 42 46 54.2 53.6 45.7 57.2 87 58.5 40.5 42.3 60.2 29.3
83,000 DWT1 ♦
27.8 25.5 24.5 25.7 29 27.8 25.6 34.3 45.5 36 22.5 27.9 30 13.4
64,000 DWT♦ 25.7 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♦ 23.9 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)
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11
The Shipbuilding Market
TYPE DWT BUILDER DELIVERY PRICE $ OWNER NOTES
Bulk 63500 Nantong Xiangyu 2020 Doun Kisen
Bulk 63500 Nantong Xiangyu 2020 Doun Kisen
Bulk 186000 Shanghai Waigaoqiao 2020 Santoku Shipping
Bulk 186000 Shanghai Waigaoqiao 2020 Santoku Shipping
Bulk 63500 Yangzhou Dayang SB 2019 AVIC Leasing
Bulk 63500 Yangzhou Dayang SB 2019 AVIC Leasing
Bulk 63500 Yangzhou Dayang SB 2020 AVIC Leasing
Bulk 63500 Yangzhou Dayang SB 2020 AVIC Leasing
Bulk 120000 Huangpu Wenchong 2020 CSSC Shpg Leasing
Bulk 120000 Huangpu Wenchong 2020 CSSC Shpg Leasing
Chem & Oil 17500 Taizhou Kouan SB 2020 Stenersen AS
Chem & Oil 17500 Taizhou Kouan SB 2020 Stenersen AS
Container 165000 Hyundai HI (Ulsan) 2021 121.60 mio HMM
Container 165000 Hyundai HI (Ulsan) 2021 121.60 mio HMM
Container 165000 Hyundai HI (Ulsan) 2021 121.60 mio HMM
Container 165000 Hyundai HI (Ulsan) 2021 121.60 mio HMM
Container 165000 Hyundai HI (Ulsan) 2021 121.60 mio HMM
Container 165000 Hyundai HI (Ulsan) 2021 121.60 mio HMM
Container 165000 Hyundai HI (Ulsan) 2021 121.60 mio HMM
Container 165000 Hyundai HI (Ulsan) 2021 121.60 mio HMM
Container 210000 Daewoo (DSME) 2020 155.40 mio HMM
Container 210000 Daewoo (DSME) 2020 155.40 mio HMM
Container 210000 Daewoo (DSME) 2020 155.40 mio HMM
Container 210000 Daewoo (DSME) 2020 155.40 mio HMM
Container 210000 Daewoo (DSME) 2020 155.40 mio HMM
Container 210000 Daewoo (DSME) 2020 155.40 mio HMM
Container 210000 Daewoo (DSME) 2020 155.40 mio HMM
Container 210000 Samsung HI 2020 154.60 mio HMM
Container 210000 Samsung HI 2020 154.60 mio HMM
Container 210000 Samsung HI 2020 154.60 mio HMM
Container 210000 Samsung HI 2020 154.60 mio HMM
Container 210000 Samsung HI 2020 154.60 mio HMM
Geo. Survey Huangpu Wenchong 2021 Rmb 287.18 mio SCSIO
L.N.G 96000 Samsung HI 2021 185.40 mio Unknown
L.N.G. 7000 Keppel Nantong 2020 Avenir LNG
L.N.G. 7000 Keppel Nantong 2020 Avenir LNG
L.N.G. 81512 Hyundai HI (Ulsan) 2021 Thenamaris LNG
Bunkering 3300 Damen Yichang 2020 Infortar LNG
Bunkering 7500 Dalian Shipbuilding 2020 Xinao Energy
Pass/Car Cat Armon (Gijon) 2020 Eur 90 mio Balearia
Ro-Ro 12000 Yantai CIMC Raffles 2020 Rmb 207.02 mio Bohai Ferry Leasing
Ro-Ro 12000 Yantai CIMC Raffles 2020 Rmb 207.02 mio Bohai Ferry Leasing
Ro-Ro 12000 Yantai CIMC Raffles 2021 Rmb 207.02 mio Bohai Ferry Leasing Option
Ro-Ro 12000 Yantai CIMC Raffles 2021 Rmb 207.02 mio Bohai Ferry Leasing Option
Ro-Ro 15000 Huangpu Wenchong 2020 CG Railway Inc
Tanker 158000 Daehan Shipbuilding 2020 Faerder Tankers
Tanker 158000 Daehan Shipbuilding 2020 Faerder Tankers
Tanker 158000 Daehan Shipbuilding 2020 Faerder Tankers Option
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12
D E M O L I T I O N M A R K E T
* M O N T H ’ S E N D P R I C E S
Demolition Historical Data
445 450 455 450440 440 430 430 435
450
180
230
280
330
380
430
480
530
580
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
US
D/t
on
Price Tankers* 2015 2016
2017 2018
*India month's end prices
425 435 440 430 430 430410 415 425 440
180
230
280
330
380
430
480
530
580
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
US
D/t
on
Price Bulkers*2015 2016
2017 2018
*India month's end prices
25.6
14.5
4.9 2.354.6 3.8
15.916.7
18.915.5
1815.6
25
30.5
22.4
28.4 28.5 27
10 5.56.5 5
12
28.925.7
31.58
50.3
41.8
34.3
38.844.6
35.2
27.9
0
10
20
30
40
50
60
Mil
lio
n d
wt
Total Demolition (Dwt)
* Bss reported sales
Demolition Prices
Gen Cargo Tanker
India USD 440 /lt Ldt USD 450 /lt Ldt
Bangladesh USD 445 /lt Ldt USD 460 /lt Ldt
Pakistan USD 440 /lt Ldt USD 450 /lt Ldt
China USD 160 /lt Ldt USD 170 /lt Ldt
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13
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 174 135 174 262 362 302 405 507 287 338 485 482 405 435 425 300 300 440 450
BULK 170 135 181 267 381 332 392 472 268 328 437 456 375 410 400 285 280 425 440
India
TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS
BULK GEMINI LEADER 14930 1994 14886 441 Green recycling
CONT ISLAND CHIEF 13387 1990 5889 448 Green recycling
CONT COUGAR 22210 1992 7300 450
CONT MSC KORONI 48244 1998 15864 502 Prompt delivery with 60T propeller
CONT APL PHILIPPINES 66696 1996 24072 471
GAS CARMEN 49242 1993 17712 430 As is Khor Fakkan
TANK SPERO 107160 1998 16717 417 As is Singapore, 120T Sludges
Bangladesh
TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS
BULK ISA WINTER 12349 1985 2878 398
BULK KYRIAKOS 29926 1997 7244 428 As is Mongla,undertow
CONT MALACCA STAR 20150 1993 7050 450 As is Singapore
CONT CAMILLA 23045 1996 7771 460 As is Singapore
CONT OEL LANKA 23062 1997 7773 480
CONT KYAUK PHYU STAR 24497 1992 7675 450 As is Singapore
CONT VASI SUN 26288 1990 7400 470
CONT HYUNDAI GLORY 63404 2004 21253 456 As is Busan, 350T bunkers
TANK OAKTREE 46842 1993 9002 460 As is Colombo, 200T bunkers
TANK MELOR 114106 1996 19456 470 As is Singapore,700T bunkers, gas
free for man entry
China
TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS
N/A N/A N/A
0
100
200
300
400
500
600
US
D/t
on
Historical Demolition Prices (India Year's End)
TANKERS
BULKERS
Avg. Trend
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
14
Pakistan
TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS
BULK SOLAR ARION 128826 1994 18233 467
BULK SOLAR EMBER 171081 1997 19950 467
TANK NEW HORIZON 105575 1997 16899 455 As is Khor Fakkan
Turkey
TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS
N/A N/A N/A
Other
TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS
BULK YOSSA BHUM 15414 1994 4965 440
BULK ANDAMAN STAR 20211 1993 6989 450 As is Singapore
CONT SINAR BELAWAN 15428 1994 4965 440 As is Singapore
CONT SENTOSA STAR 17781 1996 5948 450 As is Singapore
CONT THANLWIN STAR 20406 1995 6830 450 As is Singapore
CONT PATHEIN STAR 20540 1993 6660 450 As is Singapore
CONT ATLANTIC STAR 26260 1997 7626 450 As is Singapore
GAS YOSU GAS 3782 1990 2364 330 As is Korea
GAS NUSA BINTANG 16225 1992 6993 435 As is Singapore,green recycling
RORO KITAKAMI 6748 1989 - 355 As is Japan,delivery 01/2019
TANK SUNG HAE 11816 1995 2850 330 As is Busan
TANK EAGLE BEAUMONT 99448 1996 16700 460 As is Singapore (fully gas free)
TANK ARMADA ULYSSES 310137 1999 40712 400 As is Singapore,green recycling,rob
1600t sludge
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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 Fujairah 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
31-Oct-18 450 660 492.5 775 449 735
0
100
200
300
400
500
600
700
800
US
D/t
on
Bunkers Cost (380 cst)
Rotterdam
Fujairah
Houston
Average Trend
0
200
400
600
800
1000
1200
19
94
19
95
19
96
19
97
19
98
19
99
20
00
20
01
20
02
20
03
20
04
20
05
20
06
20
07
20
08
20
09
20
10
20
11
20
12
20
13
20
14
20
15
20
16
20
17
Oct
-18
US
D/t
on
Bunkers Cost (MGO)
Rotterdam
Fujairah
Houston
Average Trend
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
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 0.597373 0.890726 0.06949 0.781382 0.783877 0.556097
CAD 1.673469 1 1.490791 0.01163 1.307793 1.312021 0.930772
EUR 1.122435 0.670609 1 0.007801 0.877184 0.879979 0.624316
JPY 143.88193 85.96285 128.17622 1 112.44156 112.80114 80.02737
CHF 1.279425 0.764401 1.139793 0.008891 1 1.003054 0.711584
USD 1.275489 0.762074 1.136255 0.008864 0.996777 1 0.709418
AUD 1.797592 1.074019 1.601478 0.012493 1.404793 1.409336 1 * 30/10/2018 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
CurrenciesUSD-EUR
USD-JPY
0.00
20.00
40.00
60.00
80.00
100.00
120.00
140.00
160.00
$/B
arr
el
Brent Oil
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
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 2.64 2.78 -5 3.60 2.62
Diana Shipping Inc. DSX 3.70 3.94 -6.1 5.16 3.07
Dryships Inc. DRYS 5.50 5.86 -6.1 6.90 2.74
Dynagas LNG Partners LP DLNG 8.12 8.49 -4.4 13.97 7.51
Eagle Bulk Shipping Inc. EGLE 4.82 5.66 -14.8 6.14 4.18
Euroseas Ltd. ESEA 1.74 1.29 34.9 3.87 1.08
Costamare Inc. CMRE 5.18 6.86 -24.5 8.39 5.06
Navios Maritime Holdings NM 0.52 0.72 -27.8 1.86 0.46
GasLog Ltd. GLOG 20.47 19.72 3.8 22.55 15.75
Safe Bulkers Inc. SB 2.50 2.83 -11.7 4.00 2.31
Star Bulk Carriers Corp. SBLK 11.57 13.73 -15.7 15.38 8.62
Stealthgas Inc. GASS 3.26 3.47 -6.1 4.70 3.25
TEN Inc. TNP 3.28 3.31 -0.9 4.64 3.00
TOP Ships Inc. TOPS 1.87 1.18 58.5 35.50 0.69
Diana Containerships Inc. DCIX 2.04 1.24 64.5 28.48 1.01
Danaos Corporation DAC 1.02 1.20 -15 2.50 1.01
Aegean Marine Petroleum ANW 0.92 1.42 -35.2 5.10 0.60 * 30/10/2018 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.
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