www.cotzias.gr – visit our constantly updated website MAY 2010
Ship sale volume: May-10 Apr-10119 109 last month
73 71 last month
46 38 last month
Scrap volume:
94 134 last month
$750/LDT INDIA (STAINLESS ~950TNS)
Newbuilding Ships Prices (31/5/2010) (in mil USD)Dry Cargo CAPE 2-1-2009 PMX 2-1-2009 HMAX 2-1-2009
NEWBUILDING $73.0 $50.0 $44.2 $35.0 $34.9 $27.0
Tanker Ships VLCC 2-1-2009 SUZ 2-1-2009 AFR 2-1-2009
NEWBUILDING $98.0 $114.0 $69.0 $91.0 $51.0 $74.0
PAN 2-1-2009 PROD 2-1-2009
$44.0 $60.0 $34.0 $51.0
Average Dry cargo T/C Earnings (worldwide routes):
May-10 Apr-10 Mar-10 Feb-10$45,446 $35,281 $33,881 $30,036$33,914 $30,003 $30,833 $21,786$34,270 $31,330 $31,816 $26,308$32,556 $29,071 $31,358 $27,558$34,654 $29,022 $29,010 $23,592$22,854 $21,421 $20,896 $18,889$20,655 $18,073 $19,896 $16,175
Scrap Prices for MAY 2010
CHINA HIGH $450 AVERAGE $431 MAY 2010 AVERAGE $404 INDIA HIGH $750 AVERAGE $410 APR 2010 AVERAGE $440
BANGLADESH HIGH $470 AVERAGE $415 MAR 2010 AVERAGE $369 PAKISTAN HIGH $410 AVERAGE $384 FEB 2010 AVERAGE $346
TURKEY HIGH $212 AVERAGE $212 JAN 2010 AVERAGE $354 308.35BALTIC INDICES 31-May-10 30-Apr-10 31-Mar-10 26-Feb-10
4078 21.59% 3354 2998 27385217 32.55% 3936 3425 31744247 8.90% 3900 3674 33992982 9.83% 2715 2431 22881477 8.92% 1356 1375 1153680 -7.23% 733 708 762962 -3.41% 996 964 897
COMMENTS:
How does this fit in the Shipping markets? In an exacttly parallel way! Market Psychology anf Volatility are in shipping too!The world economy with its upswings and downturns and volatility has been engaged in an exact similar manner mainly in the Dry Bulk shipping markets. Price agreements
between iron/ore exporters/producers and importers are there to alter the quantities shipped to move demand and supply accordingly and to create the freight levels that swing
according to the prevailing economic fundamentals. We have never seen such great volatilities in the Baltic Dry index as we have monitored during these 5 months of 2010. From
Nov 2009 until Feb 2010 the Index dropped by nearly 50% whereas from then on until today it has risen in less than 3 months more than 60%. Such volatilities of 2‐3 month
periodicity and of that magnitude both positive and negative, create short term opportunities of shipping investments but can actually put‐off long term investors. Presently we
see that most investors decide to keep a wait and see stance, trying to convince themselves primarily that it is the right moment to invest, despite the increase in secondhand ship
prices to levels that are up to 30‐40% greater than 6 months ago.
Baltic Supramax Index
Baltic Handymax Index
Baltic Cape Index
Executive Summary
Dry cargo Ships sold this month:
Total number of Ships sold this month:
Handies 40,000 – 30,000 dwt: Small Bulkers 30,000 – 12,000 dwt:
Post Panamax 132,000 – 90,000 dwt:Panamax 89,000 – 59,000 dwt: Supramax 59,000 – 48,000 dwt:Handymax 48,000 – 40,000 dwt:
S&P MONTHLY REPORT
Baltic Dirty Tanker Index
Wet cargo Ships sold this month:
Ships scrapped this month:
Baltic Panamax Index
MAY 2010
GENERAL SCRAP PRICE AVERAGE
Highest Scrap Price paid this month:
Baltic Clean Tanker Index
Capes >134,000 dwt:
Baltic Dry Index
% change since LAST MONTH
Lets have a look at how the Financial Markets behaved last week. Oddly enough, the Dow Jones Industrial Average (and many other stock indices) fell to a new yearly low at 9774. It
was sudden and fast. It didn’t stay there long and by the end of the day, it was 275 points above that new low, perhaps marking the end to this present decline. The next day the
DJIA went up another 135 points but then gave back 200 by the close. The next day it closed up nearly 300 points. And on Friday, it fell back 121 points. Markets swinging wildly
back and forth while making large price movements each way.
Could we be weeing the end of a mini‐bear market, and the start of a new bull market that will take stock indices to new yearly highs quickly? Well yes, it would be fitting, but it will
not necessarily be the case, as the markets are captured by everyday surprises and the unexpected. From the perspective of this the possibility of move up in the DJIA to 12,500 is
about equal to the possibility of move down to 8500‐9000 or slightly lower. We would not be surprised to see both levels attained this year yet we are just not sure which comes
first.The fact remains that he markets are wild, volatile, and experiencing very sharp price swings in which the lows fall much lower than anyone expects, and the rallies are much
stronger than anyone expects. We can claim accuracy for forecasting the volatility and wild price swings, which are likely to continue through much of the summer and possibly
well beyond and into early next year. (starIQ )
N. COTZIAS SHIPPING CO. LTD.7-9 AKTI MIAOULI - 185 35 PIRAEUS TEL:+30 210 4222660/5 FAX:+30 210 4222678/9
PAGE 1 of [email protected], [email protected]
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2010
NAME TYPE YEAR BUILT DWT GEAR PRICEBUYERS
NAMEBUYERS NATION
NOTES IMO
CAECILIE BULKER BC 2009 HYUNDAI 179,000 $71.00m GREEK BUYERS GREECESELLERS ARE LAURITZEN
J DENMARK 9455959
DOCECAPE BC 1987VEROLME
BRAZIL 151,852 P&C DEALCHINESE BUYERS
CHINASELLERS ARE
COMPANHIA VALE DO RIODOCE VALE, BRAZIL
8317813
RUBIN ACE BC 1996 NKK CORP 151,279 $29.00mFAR EAST BUYERS
FAREASTSELLERS ARE TOYO
SANGYO CO LTD JAPAN 9137959
SILVER CONSTELLATION
BC 1986 NIPPON KOKAN 146,351 $10.50mCOURAGE MARITIME
TAIWANSELLERS ARE ORIENT STEAMSHIP CANADA 8417883
PB PHOENIX BC 1989IMABARI
MARUGAME 97,161 $16.00m GREEK BUYERS GREECE
SELLERS ARE BARBER SHIPMANAGEMENT
CHINA. CONVERTED IN 2009 IN CHINA FROM A
TANKER. SALE INCL A T/C ATTACHED AT AROIUND $18/19K/DAY UNTIL AUG
2010
8913980
KOYO MARU BC 1985KASADO
KUDAMATSU 86,690 $12.55mCLIENTS OF LARUS SA
GREECESELLERS ARE MITSUI OSK
JAPAN 8315023
ZAGREB BC 2008JIANGSU EASTERN 80,400 $39.50m
CHINESE BUYERS
CHINASELLERS ARE
ATLANTSKA PLOVIDBA DD 9384502
JIN STAR BC 2010 JIANGSU 79,800 $41.00m GREEK BUYERS GREECE
SELLERS ARE JIN YANG SHIPPING CHINA. SALE
INCL A T/C ATTACHED AT $14250/DAY UNTIL END
2014
9431525
GEMINI S BC 2009HUDONG-
ZHONGHUA 74,500 $43.00m DRYSHIPS GREECESELLERS ARE IRIKA
SHIPPING SA, GREECE 9465801
XANADU BC 1999IMABARI
MARUGAME 72,270 $30.50mCHINESE BUYERS
CHINA
SELLERS ARE CARDIFF MARINE INC/DRYSHIPS,
GREECE - SHE WAS ACQUIRED BY DRYSHIPS IN FEB 2005 FOR $42MIL
9205823
IRINI BC 1988IMABARI
MARUGAME 69,734 $14.00mUNDISCLOSED
BUYERS-
SELLERS ARE EUROBULKLTD, GREECE 8802210
HELLENIC BREEZE BC 1993 TSUNEISHI 69,601 $21.50mCHINESE BUYERS
CHINASELLERS ARE HELLENIC
SHIPMANAGEMENT GREECE
9057587
PAIUTE BC 1995SANOYAS HISHINO 69,183 $23.50m
UNDISCLOSED BUYERS
-
SELLERS ARE HARREN & PARTNER SHIP MGT,
GERMANY. INCL T/C TILL 10/2011 AT $27750/DAY
9105530
IOLCOS CELEBRITY BC 1982 NAMURA 65,921 $7.50mCHINESE BUYERS
CHINASELLERS ARE IOLCOS
HELLENIC MANAGEMENT GREECE
8005276
AMPHION BC 1987 HYUNDAI HI 64,442 $14.20m GREEK BUYERS GREECESELLERS ARE ANDRIAKI
SHIPPING GREECE 8407890
YANGZHOU DAYANG SHIPBUILDING SB 1
BC 2011YANGZHOU
DAYANG SHIPBUILDING
58,000 4X30T $32.50m -
YANGZHOU DAYANG SHIPBUILDING SB 2
BC 2011YANGZHOU
DAYANG SHIPBUILDING
58,000 4X30T $32.50m -
SANFU RESALE BC 2009 SANFU 57,000 $33.50m GREEK BUYERS GREECE OSCAR WEHR GERMANY
CAKE BC 2007 CHENGXI 53,350 4X36T $32.00mCHINESE BUYERS
CHINASELLERS ARE GEDEN, TURKEY. OTHER REPS
SAY $31m9353216
MAYDRY CARGO SHIPS SOLD DURING THIS MONTH
SPAR SHIPPING NORWAYSELLERS ARE SETAF-
SAGET FRANCE
N. COTZIAS SHIPPING CO. LTD.7-9 AKTI MIAOULI - 185 35 PIRAEUS TEL:+30 210 4222660/5 FAX:+30 210 4222678/9
PAGE 2 of [email protected], [email protected]
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AGIOS NEKTARIOS BC 1988 DAMEN OKEAN 52,540 4X30T $7.95mFAR EAST BUYERS
FAREASTSELLERS ARE FLANMARE
SHIPPING GREECE 8723610
PINDOS BC 1994 DANYARD 48,218 4X25T $17.50m BINNY SHIPPING INDIA
SELLERS ARE HELIKON SHIPPING ENTERPRISES
UK. - SHE WAS REPORTED SOLD IN DEC
2009 AS SOLD TO CHINESE FOR $17.9MIL
9100217
SYRENA BC 1997GDANSKA
LENINA 48,122 4X35T $18.00mUNDISCLOSED
BUYERS-
SELLERS ARE SEVEN SEAS CARRIERS AS
NORWAY9102485
GRIFFON BC 1995 MITSUI TAMANO 46,635 4X30T $21.50mTAIWANESE
BUYERSTAIWAN
SELLERS ARE EAGLE SHIPPING INC USA - SHE WAS ACQUIRED IN MAR 2005 FOR $30MIL IN A 6 VSL ENBLOC DEAL OF
$180MIL TOTAL
9109354
WESTERN SEATTLE
BC 1999TSUNEISHI
CEBU 45,630 4X30T $25.00m GREEK BUYERS GREECESELLERS ARE VICTORIA SHIP MANAGEMENT INC
PHILIPPINES9207807
MED INTEGRITY BC 1984 TSUNEISHI 43,381 4X25T $6.00mFAR EAST BUYERS
FAREAST
SELLERS ARE MEDITERRANEAN
MARITIME SA, GREECE. AT AUCTION IN HONG
KONG
8307961
JIN ACE BC 1985 NIPPONKAI HI 43,184 4X25T $11.50mINDONESIAN
BUYERSINDONESIA
SELLERS ARE JIN YANG SHIPPING CHINA 8316546
ZAMRUD BC 1986 HYUNDAI 41,630 4X25T $9.00mEUROPEAN
BUYERSEUROPE
SELLERS ARE PT PERUSAHAAN
PELAYARAN EQUINOX INDONESIA. THIS VSL
WAS BOUGHT BY PRESENT SELLERS IN JANUARY 2010 FOR A
REPORTED $8.4m
8412132
DA FU STAR BC 1984 OSHIMA ZOSEN 41,093 4X25T $8.00m GREEK BUYERS GREECE
SELLERS ARE CHINESE WHO ACQUIRED HER IN NOV 2008, ONE OF THE
FIRST SALES AFTER OCT 2008 FINANCIAL CRASH,
FOR $3.85MIL
8307789
CS SADA BC 2005SHIN
KURUSHIMA 33,562 4X30T $28.50m GREEK BUYERS GREECESELLERS ARE
GALBRAITH'S LTD, UK 9300910
NORD MUMBAI BC 2009JIANGMEN NANYANG 32,688 $27.50m 9437529
NORD SHANGHAI BC 2009JIANGMEN NANYANG 32,688 $27.50m 9437517
NORD HONG KONG BC 2010JIANGMEN NANYANG 32,688 $27.50m 9437505
NORD VANCOUVER BC 2010JIANGMEN NANYANG 32,688 $27.50m 9414773
SHINYO REWARD BC 2010JIANGSU
ZHENJIANG 32,500 4X25T $24.50m WESTERN BULK NORWAYSELLERS ARE UNIVAN SHIP MANAGEMENT
CHINA9559690
SOLD ENBLOC NORD MUMBAI, NORD
SHANGHAI, NORD HONG KONG, NORD
VANCOUVER TO RUSSIANBUYERS FOR $27.5m
EACH UNIT. SELLERS ARENORDEN DENMARK
APSIS GLOBE RUSSIA
N. COTZIAS SHIPPING CO. LTD.7-9 AKTI MIAOULI - 185 35 PIRAEUS TEL:+30 210 4222660/5 FAX:+30 210 4222678/9
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TAURUS CONT 1998GDYNIA
STOCZNIA 31,000 3X45T, 1835 TEU $14.50m 9134593
URANUS CONT 1999GDYNIA
STOCZNIA 31,000 3X45T, 1835 TEU $14.50m 9163207
LARISA BC 1981 SUNDERLAND 30,900 2X25T, 3X15T $4.50mUNDISCLOSED
BUYERS-
SELLERS ARE NAVISERVICE LTD ITALY 7920039
NORTHERN FORTUNE
CONT 1991GDANSKA
LENINA 30,685 $5.50mCHINESE BUYERS
CHINASELLERS ARE REEDEREI
KARL SCHLUTER GERMANY
8302167
ODER TRADER CONT 1998GDYNIA
STOCZNIA 30,360 3X45T, 2008 TEU 9146302
ARKONA TRADER CONT 1998GDYNIA
STOCZNIA 30,360 3X45T, 2008 TEU 9146314
FORTUNE EXPRESS BC 1998 NAIKAI SETODA 30,109 4X30T $21.00mTURKISH BUYERS
TURKEYSELLERS ARE SOJITZ
MARINE AND ENGINEERING JAPAN
8631245
DION BC 1994KANDA
KAWAJIRI 28,510 4X30T $15.75m GREEK BUYERS GREECE
SELLERS ARE UNION COMMERCIAL
INCORPORATED GREECE.INCL A BALANCE OF T/C
TO CLIPPER AT $15000/DAY TILL 1-3/2011
9078335
TRI ARROWS BC 2009IMABARI
MARUGAME 28,050 4X30.5T $29.50m GREEK BUYERS GREECESELLERS ARE P&F
MARINE CO LTD, JAPAN 9519224
ATLANTIC LAUREL BC 1999 NAIKAI ZOSEN 27,797 4X30T $21.50mUNDISCLOSED
BUYERS-
SELLERS ARE SEKIHYO LINE JAPAN 9196395
NOSCO PEACE BC 1983 JAPAN 26,384 4X25T $2.40mCHINESE BUYERS
CHINA
SELLERS ARE NORTHERNSHIPPING JOINT STOCK,
VIETNAM. (INTERESTINGLY THIS
VESSEL WAS REPORTED SOLD DEC 2008 AT $3.7m AND IN JAN 10 AT $4 2m)
8312617
COMANDATE MPP 1983 HDW AG-KIEL 25,855 4X36T, 1378 TEU $5.00mCHINESE BUYERS
CHINASELLERS ARE ALON
MARITIME CORP GREECE 8209638
STX ASIA CONT 1991 KANASASHI 24,502 1461 TEU $5.30mCHINESE BUYERS
CHINA
SELLERS ARE STX PAN OCEAN CO LTD KOREA -
SHE WAS AQUIRED IN MAY 2005 FOR $34MIL
9009176
MOJI TOWER CONT 1994IMABARI
MARUGAME 24,444 1432 TEU $7.50m SINOKOR KOREASELLERS ARE ZODIAC
MARITIME AGENCIES, UK 9084035
DRIEVER CONT 2009WADAN YARDS
MTW GMBH 23,978 1698 TEU $11.69mUNDISCLOSED
BUYERS-
EURO 9.5m BASIS PROMPT DELIVERY 9354648
NEERMOOR CONT 2010WADAN YARDS
MTW GMBH 23,870 1698 TEU $11.69mUNDISCLOSED
BUYERS-
EURO 9.5m BASIS PROMPT DELIVERY 9348182
CONTI GERMANY CONT 1992 GERMANY 23,596 1599 TEU $5.80m 9051222
CONTI JORK CONT 1990 GERMANY 23,596 1599 TEU $5.80m 8908181
CONTI BARCELONA CONT 1991BREMER VULKAN 23,465 1599 TEU $5.80m 9008536
COLUMBIAN EXPRESS
MPP 1986 MITSUBISHI 20,479 4X25T $6.50mCHINESE BUYERS
CHINASELLERS ARE FLEET
MANAGEMENT HK CHINA 8412558
GRAND CHINA LOGISTICS
CHINA
SOLD ENBLOC CONTI BARCELONA, CONTI
GERMANY AND CONTI JORK TO CHINESE
BUYERS FOR $17.4m FOR ALL THREE UNITS. SELLERS ARE NSB
NIEDERELBE SCHIFFAHRTSGESELLSC
HAFT GERMANY
NORWAY
SOLD ENBLOC NEPTUN AND URANUS AT $14.5m
EACH UNIT TO NORWEGIAN BUYERS - SELLERS ARE ALPHA SHIP GMBH GERMANY
$32.00m EUROBULK GREECE
SOLD ENBLOC TO GREEK BUYERS FOR $32m FOR BOTH UNITS. SELLERS
ARE HERMANN BUSS KG, GERMANY
NORWEGIAN BUYERS
N. COTZIAS SHIPPING CO. LTD.7-9 AKTI MIAOULI - 185 35 PIRAEUS TEL:+30 210 4222660/5 FAX:+30 210 4222678/9
PAGE 4 of [email protected], [email protected]
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A. V. KASTNER BC 1987 HYUNDAI HI 19,075 $3.50mMIDDLE
EASTERN BUYERS
MIDDLE EASTSELLERS ARE GYPSUM TRANSPORTATION LLC,
USA8605208
SAGAR CONT 1999 IWAGI 17,791 2X25T, 1005 TEUUNDISCLOSED
BUYERS-
SELLERS ARE NORTHSTAR SHIP
MANAGEMENT HK, CHINA.9202895
AIGIORGIS BC 1979 IMABARI 17,686 D4X25T $2.20mUNDISCLOSED
BUYERS-
SELLERS ARE MARITEAM SERVICES INC GREECE 7903017
CIELO DI CASABLANCA
CONT 2007 JINLING 17,000 2X40, 1118 TEU $14.38mGERMAN BUYERS
GERMANY
SELLERS ARE FAR-EASTERN
SHIPMANAGEMENT RUSSIA
9406829
THOR SKY MPP 1986 AESA SESTAO 16,224 4X12.5T $3.50mCHINESE BUYERS
CHINASELLERS ARE THORESEN
& CO (BANGKOK) THAILAND
8411827
INGA S CONT 1995 VOLKSWERFT 14,454 2X45T, 1104 TEU $6.00mUNDISCLOSED
BUYERS-
SELLERS ARE H SCHEPERS
BEREEDERUNGS GMBH, GERMANY
9106637
FILIPPA CONT 1991 MTW 14,140 2X40T, 1158 TEU 9004188
VENTO DI GRECALE
CONT 1991 MTW 14,140 2X40T, 1158 TEU 8801357
IBN HAZM CONT 2005 AKER TULCEA 13,951 1120 TEU $14.00mUNDISCLOSED
BUYERS-
SELLERS ARE INTERORIENT MARINE
SERVICES CYPRUS9319569
ASIAN GLORY CONT 2005 JIANDONG 13,760 2X45T, 1118 TEU 9301562
TROPIC CANADA CONT 2005 CHR 13,760 2X45T, 1118 TEU 9245677
ALI S MPP 1989KOMUNY PARYSKI 13,593
3X25T, 3X12.5T, D2X5T, 302 TEU $4.15m 8302258
MONA S MPP 1987KOMUNY PARYSKI 13,593
3X25T, 3X12.5T, D2X5T, 302 TEU $4.15m 8302210
ID TRADER MPP 1996 IMABARI 8,679 2X30T, D2X25T P&C DEALUNDISCLOSED
BUYERS-
SELLERS ARE BIDSTED AND CO AS, DENMARK 9146091
RESIT ATASOY MPP 1996 TURKEY 8,258 2X20T D2X15T P&C DEALTURKISH BUYERS
TURKEY 9116084
KATERINI MPP 1980 HAKATA HAKATA 5,207 D3X10T $0.72m SYRIAN BUYERS SYRIA
SELLERS ARE TRUSTCARRIER GREECE REPORTED SOLD IN JAN
2008 FOR $2.5MIL
8004129
DEFNE Y BC 1980FERGUSON
BROS 4,412 $0.83mUNDISCLOSED
BUYERS-
SELLERS ARE ISTANBUL DENIZ TICARET LTD,
TURKEY7725518
RIJEKA RORO 1984 VISENTINI 3,979 347 TEU $1.55mTURKISH BUYERS
TURKEYSELLERS ARE LOSINJSKAPLOVIDBA BRODARSTVO
CROATIA8223244
THE AEGEAN PEARL
PAX 1971TIRRENO
RIUNITI RT 2,388980 PAX, 395
CABINS $19.50mISRAELY BUYERS
ISRAELSELLERS ARE CORE
MARINE GREECE 7111078
Note1: With Red color are indicated all Greek interest Buyers or Sellers
$26.50mUNDISCLOSED
BUYERS-
SOLD ENBLOC AT $26.5m FOR BOTH UNITS TO
UNDISCLOSED BUYERS. SELLERS ARE W
BOCKSTIEGEL REEDEREI GMBH, GERMANY
RUSSIAN BUYERS
RUSSIA
SOLD ENBLOC ALI S AND MONA S TO RUSSIAN
BUYERS FOR $8.3m FOR BOTH UNITS. SELLERS ARE SAMIN SHIPPING
SYRIA
P&C DEALUNDISCLOSED
BUYERS-
P&C EN BLOC DEAL TO UNDISCLOSED BUYERS. SELLERS ARE ERRIA AS,
DENMARK
N. COTZIAS SHIPPING CO. LTD.7-9 AKTI MIAOULI - 185 35 PIRAEUS TEL:+30 210 4222660/5 FAX:+30 210 4222678/9
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DRY CARGO 2ND HAND MARKET STATISTICS
country units %
2010 UNITS OUTLAY$ DWT GREECE 77 16.28%
JANUARY 86 $1,331.34m 4,032,764 CHINA 58 12.26%
FEBRUARY 82 $1,383.07m 3,896,685 GERMANY 57 12.05%
MARCH 161 $3,532.12m 7,367,541 JAPAN 42 8.88%
APRIL 71 $1,087.61m 3,404,042 SINGAPORE 23 4.86%
MAY 73 $1,118.90m 3,062,811 FRANCE 15 3.17%
JUNE 0 $0.00m 0 TURKEY 15 3.17%
JULY 0 $0.00m 0 NORWAY 14 2.96%
AUGUST 0 $0.00m 0 ITALY 13 2.75%
SEPTEMBER 0 $0.00m 0 DENMARK 13 2.75%
OCTOBER 0 $0.00m 0 KOREA 11 2.33%
NOVEMBER 0 $0.00m 0 CYPRUS 10 2.11%
DECEMBER 0 $0.00m 0 USA 9 1.90%
TOTAL 473 $8,453.04m 21,763,843 UK 9 1.90%
RUSSIA 9 1.90%
THAILAND 8 1.69%
COUNTRY UNITS % OUTLAY ($) % DWT % VIETNAM 7 1.48%
CHINA 117 24.74% $1,810 21.41% 7,790,636 35.80% SWITZERLAND 6 1.27%
GREECE 88 18.60% $2,089 24.71% 5,078,223 23.33% ALL OTHER 59 12.47%
TURKEY 24 5.07% $198 2.35% 438,421 2.01% UNDISCL 18 3.81%
USA 22 4.65% $1,288 15.24% 534,322 2.46% TOTAL 473 100.00%
NORWAY 17 3.59% $444 5.25% 799,750 3.67%
GERMANY 13 2.75% $110 1.30% 370,425 1.70%
RUSSIA 10 2.11% $126 1.49% 195,849 0.90%
INDIA 9 1.90% $225 2.66% 552,759 2.54%
INDONESIA 9 1.90% $78 0.93% 280,659 1.29%
KOREA 8 1.69% $164 1.94% 343,060 1.58%
VIETNAM 7 1.48% $61 0.72% 148,752 0.68%
ISRAEL 6 1.27% $115 1.35% 412,747 1.90%
FAREAST 5 1.06% $76 0.90% 305,670 1.40%
SYRIA 4 0.85% $18 0.22% 85,630 0.39%
UNDISCL 81 17.12% $977 11.55% 2,623,894 12.06%
ALLOTHER 53 11.21% $693 8.20% 1,888,676 8.68%
TOTAL 473 100.00% $8,453 100.00% 21,763,843 100.00%
2010 BC SD CONT MPP TWEEN REEFER PASS RORO OTHER TOTAL
JANUARY 61 0 15 3 0 1 0 5 1 86
FEBRUARY 59 0 3 9 0 0 0 4 7 82
MARCH 89 0 35 14 0 3 0 4 16 161
APRIL 47 0 12 6 1 0 0 5 0 71
MAY 43 0 20 8 0 0 0 1 1 73
JUNE 0 0 0 0 0 0 0 0 0 0
JULY 0 0 0 0 0 0 0 0 0 0
AUGUST 0 0 0 0 0 0 0 0 0 0
SEPTEMBER 0 0 0 0 0 0 0 0 0 0
OCTOBER 0 0 0 0 0 0 0 0 0 0
NOVEMBER 0 0 0 0 0 0 0 0 0 0
DECEMBER 0 0 0 0 0 0 0 0 0 0
TOTAL 299 0 85 40 1 4 0 19 25 473
SELLERS - The sellers stats have changed even morethis month. Greeks have for a 2nd month sold more andhave increased the "spread" between Greece-China…!
Greeks have sold 77 units (62 last) with China having disposed 58 units (51 last). In 3rd place of the sellers list is
Germany who sold 20 units more in May 2010 with 57 while Japanese are 4th with 42 units sold from Jan 2010
until today
MONTHLY UNIT SALE ACTIVITY
2010 DRY CARGO STATISTICS - BUYERS
BUYERS - Greece and China are on a rat race, with the score this month to be China-Greece 15-14…!!! Chinese
buyers are topping the tables with 117 units (102 last) acquired during the 1st 5 months of 2010. Greeks have acquired 88 units (74 last). Turkish buyers 3rd with 24
units. In terms of capital outlay Greeks have outperformed Chinese with 2billion spent vs 1.8 by the Chinese new
owners. In terms of dwt Chinese have neraly 8million tonnesvs 5 that the Greeks have added to the Hellenic controlled fleet. It is worth pointing out that during the 1st 5 months of 2010 8.5bilion USD has been used to finance and pay for
these 473 ships sold. 21.7milion tonnes have changed hands, while China is responsible for 36% of the total DWT
carrying capacity that has been traded vi athe Sale and Purchase market.
SELLERS STATS 2010
DRY CARGO UNITS SOLD - BREAKDOWN PER MONTH 2010
Similar levels of activity with last month. Not surpising though. The market is in a wait and see mode. Feight rates are increasing and ship prices are on the increase. Many owners are not able to identify a clear direction. Serious sellers are put off by more than average T/C rates and choose to make more money by tradingtheir ships. The
potential investor, feels that he is not getting such a value for money as he could get before Easter period. Prices for secondhand ships have picked up even up to 50% frm the
start of the year. A 20 year old panamax vessel culd be bought for $11mil in Jan 2010 and today some are traded
for excess $15.5-$16mil usd!! that is a 45% increase, while a Handymax vessel built 1990 was sold for $10mil in Jan
2010 and today can fetch 14.5mil, a 45% increase.
N. COTZIAS SHIPPING CO. LTD.7-9 AKTI MIAOULI - 185 35 PIRAEUS TEL:+30 210 4222660/5 FAX:+30 210 4222678/9
PAGE 6 of [email protected], [email protected]
www.cotzias.gr – visit our constantly updated website MAY 2010
CHANGE CHANGE
FR0M 1/5/09 FR0M 1/5/09
NB CAPE $96.7 $57.0 $73.0 28% 5y CAPE $150.5 $45.4 $61.0 34%
NB PMX $57.0 $36.0 $44.2 23% 5y PMX $88.0 $28.0 $39.0 39%
NB HANDY $49.0 $30.0 $34.9 16% 5y HANDY $73.6 $24.8 $29.0 17%
CHANGE CHANGE
FR0M 1/5/09 FR0M 1/5/09
10y CAPE $131.0 $36.5 $43.5 19% 20y CAPE $82.0 $19.5 $19.5 0%
10y PMX $76.0 $22.5 $31.5 40% 20y PMX $47.0 $9.8 $16.8 71%
10y HANDY $62.0 $18.2 $23.4 29% 20y HANDY $41.0 $8.6 $13.0 51%
In the table on the top we see monthly number of dry cargo ships sold as of May 2010, compared to 2009's monthly activity.
In the table on the top we see the MONTHLY dry cargo capital expenditure for May 2010 compared to 2009's monthly activity.
TYPE 11-07-08
TYPE
28-05-10
28-05-10
01-05-09
01-05-0911-07-08TYPE
11-07-08
28-05-10
1990 built (20Y) OLD BULKERS PRICE COMPARISON
01-05-09
2000 built (10Y) OLD BULKERS PRICE COMPARISON
TYPE
NB BULKERS PRICE COMPARISON
28-05-10
11-07-08
01-05-09
2005 built (5Y) OLD BULKERS PRICE COMPARISON
Tables above compare prices from 11th Jul 2008 and 6th Feb 2009 with today
Dry cargo units sold 2010 vs 2009
5972
100
75
109 108
71
104 100
80
161
93
52
8682
71 73
30
50
70
90
110
130
150
170
JANUARY
FEBRUARY
MARCHAPRIL
MAYJUNE
JULY
AUGUST
SEPTEMBER
OCTOBER
NOVEMBER
DECEMBER
units 2009 2010 Dry cargo - Capital expend. 2010 vs 2009
$970
$1,656
$681$1,018
$913$739
$1,350$1,123
$710
$1,528
$1,083$1,189
$1,119
$3,532
$1,088
$1,331$1,383
$150m
$650m
$1,150m
$1,650m
$2,150m
$2,650m
$3,150m
$3,650m
JANUARY
FEBRUARY
MARCHAPRIL
MAYJUNE
JULY
AUGUST
SEPTEMBER
OCTOBER
NOVEMBER
DECEMBER
2008 2009
DRY CARGO (2000 - 2010) NB vsl PRICES
$16
$31
$46
$61
$76
$91
May
-00
Nov-0
0
May
-01
Nov-0
1
May
-02
Nov-0
2
May
-03
Nov-0
3
May
-04
Nov-0
4
May
-05
Nov-0
5
May
-06
Nov-0
6
May
-07
Nov-0
7
May
-08
Nov-0
8
May
-09
Nov-0
9
May
-10
CAPE 170KPANAMAX 70KHANDY 50K
DRY CARGO (2000 - 2010) 5y OLD vsl PRICES
$10
$33
$55
$78
$100
$123
$145
May
-00
Nov-0
0
May
-01
Nov-0
1
May
-02
Nov-0
2
May
-03
Nov-0
3
May
-04
Nov-0
4
May
-05
Nov-0
5
May
-06
Nov-0
6
May
-07
Nov-0
7
May
-08
Nov-0
8
May
-09
Nov-0
9
May
-10
CAPE 170KPANAMAX 70KHANDY 50K
DRY CARGO (2000 - 2010) 10y OLD vsl PRICES
$8
$28
$48
$68
$88
$108
$128
May
-00
Nov-0
0
May
-01
Nov-0
1
May
-02
Nov-0
2
May
-03
Nov-0
3
May
-04
Nov-0
4
May
-05
Nov-0
5
May
-06
Nov-0
6
May
-07
Nov-0
7
May
-08
Nov-0
8
May
-09
Nov-0
9
May
-10
CAPE 170K
PANAMAX
DRY CARGO (2000 - 2010) 20y OLD vsl PRICES
$2
$15
$27
$40
$52
$65
$77
May
-00
Nov-0
0
May
-01
Nov-0
1
May
-02
Nov-0
2
May
-03
Nov-0
3
May
-04
Nov-0
4
May
-05
Nov-0
5
May
-06
Nov-0
6
May
-07
Nov-0
7
May
-08
Nov-0
8
May
-09
Nov-0
9
May
-10
CAPE 170KPANAMAX 70KHANDY 50K
N. COTZIAS SHIPPING CO. LTD.7-9 AKTI MIAOULI - 185 35 PIRAEUS TEL:+30 210 4222660/5 FAX:+30 210 4222678/9
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2010
NAME TYPE YEAR BUILT DWT PRICEPRICE NOTE
BUYERS NAME
BUYERS NATION
NOTES IMO
CRUDESTAR TANKER 2003HYUNDAI SAMHO 318,695 9254082
CRUDEMED TANKER 2010HYUNDAI SAMHO 318,325 9411032
CRUDESUN TANKER 2007DAEWOO
SHIPBUILDING 306,543 9322279
CRUDESKY TANKER 2007DAEWOO
SHIPBUILDING 306,447 9322281
CRUDE PROGRESS TANKER 2002DAEWOO
SHIPBUILDING 305,795 9236250
CRUDE ITA TANKER 2010HYUNDAI SAMHO 165,000 9461776
SHAULA STAR TANKER 1994 HYUNDAI HI 301,591 $23.50m 9060338
POLARIS STAR TANKER 1994 HYUNDAI HI 301,569 $23.50m 9048110
MIRFAK STAR TANKER 1994 HYUNDAI HI 301,542 $23.50m 9060314
PHERKAD STAR TANKER 1995 HYUNDAI HI 301,389 $23.50m 9048134
MARKAB STAR TANKER 1994 HYUNDAI HI 301,227 $23.50m 9048122
TITAN CHIOS TANKER 1986 MITSUI CHIBA 239,783 $14.00mUNDISCLOSED
BUYERSSELLERS ARE TITAN
OCEAN PTE, SINGAPORE. 8500147
DILONG SPIRIT TANKER 2009 BOHAI 159,021 $70.50m 9390628
SHENLONG SPIRIT TANKER 2009 BOHAI 159,021 $70.50m 9379210
JIAOLONG SPIRIT TANKER 2009 BOHAI 159,021 $70.50m 9379208
BLUE TANKER 2010JIANGSU
RONGSHENG SHIPBUILDING
156,000 $70.00m APOLLOINCL A 5 YEAR TC BACK
AT AN UNDISCLOSED RATE
OLINDA TANKER 1996FINCANTIERI
BREDA 149,258 $26.00mUNDISCLOSED
BUYERS-
SELLERS ARE CARDIFF MARINE, GREECE. IN JAN
2008 SHE WAS REPORTED SOLD AT
$65m
9033971
TSUNEISHI RESALE1
TANKER 2010 TSUNEISHI 107,500
TSUNEISHI RESALE2
TANKER 2010 TSUNEISHI 107,500
LIVIA TANKER 2003HYUNDAI SAMHO 105,889 $38.00m COILED GREEK BUYERS GREECE
SELLERS ARE REPSOL YPF, SPAIN 9261619
TIGANI TANKER 1991 KOYO MIHARA 97,114 $12.40m THAI OIL THAILANDSELLERS ARE
OCEANFREIGHT INC GREECE
9002142
LOCHNESS TANKER 1993 GDYNIA 90,607 $14.00mMERCATOR
LINESINDIA
SELLERS ARE GROTON PACIFIC CARRIERS INC
USA8719231
SANKO HERITAGE TANKER 2008 ONOMICHI 73,956 $46.00m 9334569
SANKO HARMONY TANKER 2007 ONOMICHI 73,919 $46.00m 9334557
TANKER SHIPS SOLD DURING THIS MONTH
SH. SOLD ENBLOC FOR $23.5m EACH
UNIT FOR CONVERSION
VALE
SOLD ENBLOC TO TURKISH BASED
UKRAINIAN BUYERS FOR $120m FOR BOTH UNITS. SELLERS ARE POLYAR
TANKERS GREECE
$600.00m
SOLD ENBLOC FOR XS $600M
TOTAL FOR ALL 6 UNITS
GENERAL MARITIME
GREECE
SOLD ENBLOC FOR XS $600M TOTAL FOR ALL 6
UNITS. SELLERS ARE METROSTAR
MANAGEMENT GREECE
MAY
SOLD FOR CONVERSION -ENBLOC WITH MIRFAK STAR, PHERKAD STAR, SHAULA STAR, MARKAB
STAR, POLARIS STAR FOR$23.5MIL EACH UNIT
SOLD ENBLOC TO US
INVESTORS FOR $70.5m EACH UNIT
RIDGEBURY TANKERS (IPO)
USA
SOLD ENBLOC TO US INVESTORS FOR $70.5m
EACH UNIT. VESSEL WILL REMAIN IN TEEKAY SUEZ
POOL.
BRAZIL
$120.00m
SOLD ENBLOC TO TURKISH
BASED UKRAINIAN
BUYERS FOR $120m FOR BOTH UNITS
PALMALI UKRAINE
SOLD ENBLOC SANKO
HARMONY ANDSANKO
HERITAGE TO SCORPIO
TANKER ITALY FOR REGION
$92m FOR BOTH UNITS INCL 2.5 m
FOR TERMINATION OF PREVIOUS
T/C
SCORPIO TANKERS
ITALY
SOLD ENBLOC SANKO HARMONY AND SANKO HERITAGE TO SCORPIO
TANKER ITALY FOR REGION $92m FOR BOTH
UNITS INCL 2.5 m FOR TERMINATION OF
PREVIOUS T/C
N. COTZIAS SHIPPING CO. LTD.7-9 AKTI MIAOULI - 185 35 PIRAEUS TEL:+30 210 4222660/5 FAX:+30 210 4222678/9
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PACIFIC SERENITY TANKER 2003 IWAGI 47,945 $24.50mUNDISCLOSED
BUYERS-
SELLERS ARE IINO KAIUN KAISHA LTD JAPAN 9275983
TORM ESBJERG TANKER 2008STX
SHIPBUILDING 51,505 9364588
TORM NAKSKOV TANKER 2008STX
SHIPBUILDING 51,149 9387956
TORM AALBORG TANKER 2008 HYUNDAI MIPO 47,128 9374284
TORM HANSTHOLM TANKER 2008 HYUNDAI MIPO 47,128 9374296
ATLANTIC HOPE TANKER 2008 HYUNDAI MIPO 47,128 9374272
TROGIR TANKER 1995BRODOTROGIR
SHIPYARD 40,727 $11.00mCHAMPION TANKERS
NORWAYSELLERS ARE NOVOSHIP
JSC RUSSIA 9080493
MISS CLAUDIA TANKER 2006 KOREA 40,158 $27.20mNORWEGIAN
BUYERSNORWAY
SOLD WITH BB CHARTER AT $8000 FOR 3 YEARS 9293959
NORDANVIND TANKER 2001 DAMEN GALATZ 39,768 $8.50mUNDISCLOSED
BUYERS-
SELLERS ARE NEWLEAD HOLDINGS LTD GREECE 9037123
OSTRIA TANKER 2000 DAMEN GALATZ 39,768 $8.50mUNDISCLOSED
BUYERS-
SELLERS ARE NEWLEAD HOLDINGS LTD GREECE 9037135
USUKI 1724 TANKER 2010 USUKI 19,900 $30.00m 9477529
USIKI 1728 TANKER 2011 USUKI 19,900 $30.00m 9477567
BUNGA SIANTAN TANKER 1991 MALAYSIA 16,924 $3.80mWARUNA NUSA
SENTANAINDONESIA 8818245
COSMIC 18 TANKER 1996 JAPAN 9,273 $6.50m IMO II/IIIFAR EASTERN
BUYERSFAR EAST EX GLOBAL MERCURY 9149342
GLOBAL VENUS TANKER 1995 JAPAN 9,273 $5.20m IMO II/III ASIAN BUYERS ASIASELLERS ARE GLOBAL
MARINE SERVICE CO LTD JAPAN
9132612
BRO VENTURE TANKER 1995SINGAPORE
SLIPWAY 7,476 $2.50m 9101455
BRO OPTI TANKER 1995SINGAPORE
SLIPWAY 7,476 $2.50m 9101467
SUNNY HAWK TANKER 1991 SANUKI TAKAMA 6,114 $2.80mTAIWANESE
BUYERSTAIWAN
SELLERS ARE MITSUI OSKLINES LTD JAPAN 9009944
MULTITANK BADENIA
TANKER 1997VIANA DO CASTELO 5,846 $6.65m 9140827
MULTITANK BRITANNIA
TANKER 1996 PORTUGAL 5,846 $6.65m 9114751
SUPREMITY TANKER 2007 QINGSHAN 4,426 $10.90mNORWEGIAN
BUYERSNORWAY
SELLERS ARE JAMES FISHER SHIPPING
SERVICES UK9285213
OSM BRAVE GAS 1988 KOREA 3,239 P&CKOREAN BUYERS
KOREA
SELLEERS ARE SUNWOO MERCHANT
MARINE CO LTD KOREA - .LPG TANKER
8619405
Note1: With Red color are indicated all Greek interest Buyers or Sellers
$180.00m
SOLD ENBLOC TORM
ESBJERG. TORM
AALBORG, TORM
NAKSKOV, TORM
HANSTHOLM, ATLANTIC
HOPE FOR $180m TOTAL
FOR ALL 5 UNITS
BLUE LINES UAE
SOLD ENBLOC FOR $180m FOR ALL 5 UNITS TO DUBAI BASED BLUE
LINES INCL 7-8 YEARS TCAT BETWEEN $16K AND
$16.5K /DAY
SOLD ENBLOC FOR $30m
EACH UNIT TO MTMM
MTMM USA
SOLD ENBLOC FOR $30m EACH UNIT TO MTMM.
SELLERS ARE CIDO SHIPPING CHINA
SOLD ENBLOC WITH BRO
OPTI TO FAR EASTERN
BUYERS AT $5m FOR
BOTH UNITS
WINSON SHIPPING
CHINA
SOLD ENBLOC WITH BRO OPTI TO FAR EASTERN BUYERS AT $5m FOR
BOTH UNITS
COATED, IMO II. SOLD ENBLOC REGION
$13.3m FOR BOTH UNITS
TO ESSBERGER
ESSBERGER JT GERMANY
SOLD ENBLOC REGION $13.3m FOR BOTH UNITS
TO GERMAN BUYERS (ESSBERGER JT) -
SELLERS ARE AHRENKIELSHIPMAN GERMANY
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TANKER 2ND HAND MARKET STATISTICS
COUNTRY UNITS %
2010 UNITS OUTLAY$ DWT GREECE 41 18.81%
JANUARY 60 $1,265.58m 3,750,900 SINGAPORE 19 8.72%
FEBRUARY 35 $705.70m 2,477,731 TURKEY 17 7.80%
MARCH 39 $633.05m 3,185,888 JAPAN 21 9.63%
APRIL 38 $1,088.50m 2,785,130 GERMANY 13 5.96%
MAY 46 $1,682.60m 5,474,809 CHINA 18 8.26%
JUNE 0 $0.00m 0 NORWAY 10 4.59%
JULY 0 $0.00m 0 KOREA 9 4.13%
AUGUST 0 $0.00m 0 UAE 9 4.13%
SEPTEMBER 0 $0.00m 0 UK 7 3.21%
OCTOBER 0 $0.00m 0 ITALY 7 3.21%
NOVEMBER 0 $0.00m 0 USA 6 2.75%
DECEMBER 0 $0.00m 0 CYPRUS 5 2.29%
TOTAL 218 $5,375.43m 17,674,458 MALAYSIA 6 2.75%
CANADA 7 3.21%
LATVIA 3 1.38%
COUNTRY UNITS OUTLAY ($) % DWT % CHILE 1 0.46%
GREECE 31 $1,557 28.97% 4,031,629 22.81% INDIA 1 0.46%
NORWAY 14 $487 9.05% 1,452,333 8.22% ALL OTHER 17 7.80%
INDONESIA 12 $163 3.04% 598,881 3.39% UNDISCL 1 0.46%
CHINA 11 $127 2.36% 893,798 5.06% TOTAL 218 100.00%
DENMARK 6 $144 2.68% 238,766 1.35%
SINGAPORE 6 $103 1.91% 590,950 3.34%
INDIA 6 $68 1.27% 294,867 1.67%
USA 10 $524 9.74% 986,417 5.58%
UK 4 $20 0.37% 15,370 0.09%
BRAZIL 6 $133 2.46% 1,787,302 10.11%
CHILE 4 $49 0.91% 227,971 1.29%
MONACO 4 $97 1.80% 157,619 0.89%
NIGERIA 4 $12 0.21% 94,309 0.53%
UNDISCL 39 $536 9.97% 2,613,483 14.79%
ALL OTHER 61 $1,358 25.25% 3,690,763 20.88%
TOTAL 218 $5,375 100.00% 17,674,458 100.00%
2010VLCC & ULCC
SUEZMAXAFRAMAX
110KPANAMAX
70KPROD 45K < 40,000 OBO LPG & LNG TOTAL
JANUARY 3 8 4 2 15 21 1 5 59
FEBRUARY 3 0 7 5 8 11 0 1 35
MARCH 6 4 5 0 2 21 0 1 39
APRIL 4 2 4 4 8 11 0 5 38
MAY 11 6 5 2 8 13 0 1 46
JUNE 0 0 0 0 0 0 0 0 0
JULY 0 0 0 0 0 0 0 0 0
AUGUST 0 0 0 0 0 0 0 0 0
SEPTEMBER 0 0 0 0 0 0 0 0 0
OCTOBER 0 0 0 0 0 0 0 0 0
NOVEMBER 0 0 0 0 0 0 0 0 0
DECEMBER 0 0 0 0 0 0 0 0 0
TOTAL 27 20 25 13 41 77 1 13 217
Japanese sellers are 2nd with 21 units, while
Singapore based sellers are 3rd with 19 ships,
leaving Chinese 4th with 18 units sold during the period Jan-May 2010.
SELLERS - The table on the RIGHT shows the nationality of the Sellers. Greek Sellers are in number
one position having sold 41 units (29 units last).
Tanker sale have picked up. A clear spike in the marketwith improved freight rates, is here. 46 deals this month
with the largest capital outlay since the start of 2010, and even looking back into 2009 we see that the
1.7billion spent to finance these 46 ships had not been seen since pre August 2008 times when we were
averaging the levels of $1.5-$1.7 billion spent. A bullishmarket is here for the tankers, and the indstry is greatly
helped by the phase-out deadline of Dec 2010 while 180 units have already been scrapped of a total of
10mil DWT carrying capacity removed from the active fleet. The question for the tankers will not be if the
demand for petroleum products will be good or not, but if the world supply /production of oil will be able to meetthe demand and produce the needed quantities... so it
is high time, despite the ecological disaster that BP hasto get that bloody USG hole fixed... we can'f afford to throw away so much oil ... at these difficult times...!!!
TANKER UNITS SOLD - BREAKDOWN PER SIZE AND MONTH 2010
2010 TANKER buyer STATISTICS
SELLERS STATS 2010
MONTHLY UNIT SALE ACTIVITY
BUYERS - Greek buyers are leading the tanker buyers league. They have increased their lead further by acquiring a total of 31units (24
last) of 2.3million DWT carrying capacity, and have forked out a massive $1.6million USD. Norwegian buyers strong in 2nd place with
14 units (11 last) pulling away from Indonesian buyers that have added one more ship since last month and have bought 12
units.Chinese buyers are still 4th with11 units (9 last).
N. COTZIAS SHIPPING CO. LTD.7-9 AKTI MIAOULI - 185 35 PIRAEUS TEL:+30 210 4222660/5 FAX:+30 210 4222678/9
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CHANGE CHANGE
FR0M 1/5/09 FR0M 1/5/09
VLCC $156.5 $109.0 $98.0 -10% VLCC $155.0 $77.0 $80.0 4%SUEZMAX $96.0 $76.0 $69.0 -9% SUEZMAX $101.0 $60.0 $59.0 -2%AFRAMAX $78.0 $60.5 $51.0 -16% AFRAMAX $76.0 $45.5 $42.0 -8%PANAMAX $65.0 $52.0 $44.0 -15% PANAMAX $61.0 $38.0 $34.0 -11%MR PROD $55.0 $40.0 $34.0 -15% MR PROD $52.5 $32.0 $26.0 -19%
CHANGE CHANGEFR0M 1/5/09 FR0M 1/5/09
VLCC $128.0 $62.0 $61.0 -2% VLCC $39.5 $22.5 $15.8 -30%SUEZMAX $82.0 $44.0 $42.0 -5% SUEZMAX $34.5 $17.0 $12.6 -26%AFRAMAX $63.0 $30.5 $27.0 -11% AFRAMAX $25.5 $13.5 $8.8 -35%PANAMAX $50.5 $29.0 $19.0 -34% PANAMAX $24.0 $9.1 $6.4 -30%MR PROD $45.0 $24.2 $16.0 -34% MR PROD $18.0 $7.5 $4.5 -40%
01-05-09
2005 built (5Y old) TANKERS PRICE COMPARISONNB TANKERS PRICE COMPARISON
TYPE 11-07-08 28-05-10
Tables above compare prices from 11th Jul 2008 and 6th Feb 2009 with today
shipsale activity in volume (number of ships sold per month 2010-2009)
11-07-08
TYPE28-05-10 01-05-09
01-05-09
2000 built (10Y old) TANKERS PRICE COMPARISON
11-07-08
28-05-1011-07-08 01-05-09TYPE
1990 built (20Y old) TANKERS PRICE COMPARISON
28-05-10TYPE
TANKER units sold 2010 vs 2009
383943
11
60
3539
46
49
4848
45 42 37
23
15
23
5
15
25
35
45
55
65
JANUARY
FEBRUARY
MARCHAPRIL
MAYJUNE
JULY
AUGUST
SEPTEMBER
OCTOBER
NOVEMBER
DECEMBER
units2010 2009
NEWBUILDING TANKER PRICES 2000 - 2010
24
44
64
84
104
124
144
164
May
-00
Nov-0
0
May
-01
Nov-0
1
May
-02
Nov-0
2
May
-03
Nov-0
3
May
-04
Nov-0
4
May
-05
Nov-0
5
May
-06
Nov-0
6
May
-07
Nov-0
7
May
-08
Nov-0
8
May
-09
Nov-0
9
May
-10
VLCC 300K
SUEZ 150K
AFRA 110K
PANAMAX 70K
PROD 45K
5 YEAR OLD TANKER PRICES 2000 - 2010
20
40
60
80
100
120
140
160
May
-00
Nov-0
0
May
-01
Nov-0
1
May
-02
Nov-0
2
May
-03
Nov-0
3
May
-04
Nov-0
4
May
-05
Nov-0
5
May
-06
Nov-0
6
May
-07
Nov-0
7
May
-08
Nov-0
8
May
-09
Nov-0
9
May
-10
VLCC 300K
SUEZ 150K
AFRA 110K
PANAMAX 70K
PROD 45K
10 YEAR OLD TANKER PRICES 2000 - 2010
13
33
53
73
93
113
133
May
-00
Nov-0
0
May
-01
Nov-0
1
May
-02
Nov-0
2
May
-03
Nov-0
3
May
-04
Nov-0
4
May
-05
Nov-0
5
May
-06
Nov-0
6
May
-07
Nov-0
7
May
-08
Nov-0
8
May
-09
Nov-0
9
May
-10
VLCC 300K
SUEZ 150K
AFRA 110K
PANAMAX 70K
PROD 45K
20 YEAR OLD TANKER PRICES 2000 - 2010
3
8
13
18
23
28
33
38
43
May
-00
Nov-0
0
May
-01
Nov-0
1
May
-02
Nov-0
2
May
-03
Nov-0
3
May
-04
Nov-0
4
May
-05
Nov-0
5
May
-06
Nov-0
6
May
-07
Nov-0
7
May
-08
Nov-0
8
May
-09
Nov-0
9
May
-10
VLCC 300K
SUEZ 150K
AFRA 110K
PANAMAX 70K
PROD 45K
N. COTZIAS SHIPPING CO. LTD.7-9 AKTI MIAOULI - 185 35 PIRAEUS TEL:+30 210 4222660/5 FAX:+30 210 4222678/9
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NEWBUILDING ORDERS MAY 2010UNITS TYPE TONNAGE YEAR PRICE
3 BC 206,000 2012
6 BC 205,000 2012/2013 67.0$
1 BC 92,000 2012 37.0$
2 BC 82,000 2011 38.0$
3 BC 82,000 2012
3 BC 82,000 2012 35.0$
2 BC 82,000 2012
1 BC 82,000 2013
2 BC 82,000 2012
2 BC 82,000 2011‐12
2 BC 82,000 2011 38.0$
6 BC 81,200 2011‐2012
2 BC 81,000 2011
2 BC 81,000 2012
4 BC 78,000 2012
2 BC 76,000 2012 37.0$
2 BC 76,000 2011‐2012 33.0$
4 BC 76,000 2012 35.0$
2 BC 76,000 2011
3 BC 57,000 2011
4 BC 45,000 2012
2 BC 37,000 2011
3 BC 24,000 2011‐2012 20.0$
2 LNG 2014 200.0$
1 PLATFORM
SUPPLY4,700 2012 53.5$
2 PLATFORM
SUPPLY2011‐2012 113.2$
2 TANKER 320,000 2012 100.0$
2 TANKER 320,000 2012
2 TANKER 318,000 2012 108.0$
4 TANKER 163,000 2013 61.5$
2 TANKER 158,000 2011 65.0$
2 TANKER 80,000 2013‐2014 199.0$
5 TANKER 30,000 2013‐2014 88.3$
1 TANKER 7,000 2012 17.0$ Note1: With Red color are indicated all Greek interest Buyers or Sellers
2010 ORDERS UNITS BC MPP CONT TANKER LNG/LPG ALL OTHERJANUARY 35 68 42 0 0 12 6 8
FEBRUARY 39 75 35 0 0 18 4 18
MARCH 44 121 71 0 5 29 3 13
APRIL 18 49 32 0 0 16 1 0
MAY 34 88 63 0 0 20 2 3JUNE 0 0 0 0 0 0 0 0
JULY 0 0 0 0 0 0 0 0
AUGUST 0 0 0 0 0 0 0 0
SEPTEMBER 0 0 0 0 0 0 0 0
OCTOBER 0 0 0 0 0 0 0 0
NOVEMBER 0 0 0 0 0 0 0 0
DECEMBER 0 0 0 0 0 0 0 0
TOTAL 170 401 243 0 5 95 16 42
SWS
HYUNDAI HI
KOREAN YARD
160000 CBM
. OPTION 1 MORE DELIVERY IN
COMPANY'S YARD IN LANGSTEN
PLUS 2 OPTION
OPTION 2
PLUS 2 OPTION
FOREMOST MARITIME
FORTIS BANK NEDERLAND
NEWLEAD HOLDINGS (GREECE)
PLUS 2 OPTION
TARGET MARINE
CHEVRON SHIPPING
TRANSPETROTURKMENIAN SEA & RIVER
SHIPPING CO
PETROCHINA
SAUDI MARITIME HOLDING CO
SAMCO
CINER DENIZCILIK
SHANGHAI BAOSTEEL SHIPPING
CHEVRON
NORWAY
REM OFFSHORE NORWAY
SAMSUNG HI
RIO NAVE BRAZILKRASNOYE SORMOVO (RUSSIAN
FEDERATION)
HENGHOU GROUP
NINGBO FENGHUA
SHANGHAI TIME SHIPPING
XIAMEN ITG
HONG DA INTERNATIONAL
SHANGHAI TIME SHIPPING
PARAGON SHIPPING
HYUNDAI SAMHO
HYUNDAI HI
BOHAI SHIPYARD
SAMSUNG HI
TIANJIN XINGANG
QINGDAO WUCHAN
ZHEJIANG OUHUA
JIANGSU EASTERN
SAMSUNG HI
HAVYARD LEIRVIK NORWAY
STX TULCEA
BOHAI SHIPYARD
NEWBUILDING ORDERS BREAKDOWN by TYPE PER MONTH, for YEAR 2010
JIANGNAN SHIPYARD
HUDONG ZHONGHUA
ALSO REPORTED AT $37MIL
HUDONG ZHONGHUA
SHANGHAI CHENGXI
NOTESYARD BUYER’S NAME
SHIN KURUSHIMA
PARAGON SHIPPING
TOLANI
INTERNATIONAL FAREASTERN
ARCHIPELAGO SHIPPING GREECE
SAMONAS BROS LTD
NYK
CHARTERERD TO BHP BILLITON
ATTACHED TO A 7 YEAR
DAEBO SHIPPING
EFSHIPPING
GREEK BUYERS
IRIKA SHIPPING
KASSIAN MARITIME
KC MARITIME
HYUNDAI HI
DALIAN SHIPBUILDING
HYUNDAI HI
STX OFFSHORE
HYUNDAI HI
SUNGDONG
DAEWOO MANGALIA
SUNGDONG
GUANGZHOU LONGXUE
DAEWOO MANGALIA
ZHEJIANG OUHUA
GAS TANKER
NEW BUILDING ORDER TYPES FOR 2010
BC, 243, 61%MPP, 0, 0%
CONT, 5, 1%
TANKER, 95, 24%
LNG/LPG, 16, 4% ALL OTHER, 42, 10%
N. COTZIAS SHIPPING CO. LTD.7-9 AKTI MIAOULI - 185 35 PIRAEUS TEL:+30 210 4222660/5 FAX:+30 210 4222678/9
PAGE 12 of [email protected], [email protected]
www.cotzias.gr – visit our constantly updated website MAY 2010
2010NAME TYPE YEAR BUILT DWT LDT PRICE BREAKER IMO
SHINYO MARINER TANKER 1991 NKK CORP 271,208 32,900 435$ CHINA 8917481
BRIGHT CENTURY BC 1997DAEWOO
SHIPBUILDING 178,739 30,000 420$ CHINA 9138977
OCEAN HOPE TANKER 1982DAEWOO
SHIPBUILDING 134,089 ‐ ‐ ‐ 8028096
TRAVELLER TANKER 1978UDDEVALLAVAR
VET 125,690 4,542 ‐ INDIA 7707932
MUBARAKA TANKER 1968 FRANCE 77,067 15,590 377$ PAKISTAN
EUROPA STAR TANKER 1985 SWEDEN 76,000 15,040 365$ AS IS
EUROPA VENTURE TANKER 1985UDDEVALLAVAR
VET SWEDEN76,000 15,040 365$ PAKISTAN 8315645
SHARIFA 3 TANKER 1984MITSUI
TAMANO 66,800 12,015 410$ PAKISTAN 8304086
A. K. RAJA‐1 GAS 1985HITACHI ZOSEN ‐
INN 51,232 20,283 470$ BANGLADESH 8303654
EXPRESS CONT 1987MITSUI
TAMANO 44,969 16,847 356$ INDIA 8415952
LILLY 4 CONT 1987MITSUI
TAMANO 44,966 17,171 ‐ INDIA 8413277
AQUAMARINE I TANKER 1984TSUNEISHI
SHBLDG ‐ 40,890 9,663 ‐ BANGLADESH 8313374
MSC MEXICO CONT 1978 FLENDER 40,849 16,750 440$ INDIA 7502930
FOSS TANKER 1988KOREA SHBLDG
& ENG 40,264 8,844 ‐ BANGLADESH 8619417
IKAN VERACRUZ BC 1977 IHI ‐ YOKOHAMA 37,681 ‐ ‐ CHINA 7616640
SEA‐LAND DEVELOPER CONT 1980MITSUBISHI
KOBE35,758 ‐ ‐ AS IS 7820904
ZHEN HUA 1 BC 1976 NKK CORP ‐
TSURUMI30,602 12,258 ‐ CHINA 7506572
ATHENA I CONT 1980ONOMICHI
DOCKYARD CO L 28,902 11,529 450$ CHINA 7900821
INGA TANKER 1990KHERSONSKIY
SSZ 28,610 9,525 410$ INDIA 8820913
MAHA GAYATRI BC 1977 OSAKA 27,481 6,665 438$ CHINA 7432587
SAMMI CRYSTAL BC 1979TSUNEISHI
SHBLDG ‐ 26,743 7,028 406$ CHINA 7900986
LONTEC BC 1978KANASASHI
ZOSEN ‐ S 25,906 6,696 ‐ CHINA 7632424
ORIENTAL EXPRESS RORO 1984WARNOWWERF
T WARNEMU 17,850 8,920 ‐ INDIA 8314598
WINNER II RORO 1979 POLAND 17,665 9,450 360$ INDIA 7637814
FUJI RORO 1984IMABARI
SHIPBUILDING ‐ 16,349 ‐ ‐ CHINA 8402369
DUKE CONT 1979HAYASHIKANE
SHBLDG 16,291 5,099 ‐ BANGLADESH 7823530
LU BAN MPP 1981SHANGHAI
SHIPYARD 16,152 7,378 ‐ AS IS 8218548
KALIOPE TANKER 1995 SZCZECINSKA
STOCZNI15,340 4,326 357$ INDIA 8908856
BELLONA CAR 1985IMABARI
SHIPBUILDING ‐ 15,160 ‐ ‐ CHINA 8402371
GOLOZ MPP 1977 SINGAPORE 14,827 4,062 ‐ PAKISTAN 7519995
UNDISCLOSED BREAKERS AND PRIVATE
TERMS ‐ SELLERS ARE CHIPOBROK CHINA
MOLTEN SULPHUR TANKER
BROKEN UP
REPORTED DEMOLITION DEALS
SELLERS ARE NIPPON YUSEN KAISHA JAPAN
BROKEN UP ‐ SELLERS ARE OCEANIC
TRADING BUREAU SA
GREECE
SELLERS ARE ARGO SYSTEMS FZE UAE
NOTESMAY
SELLERS ARE UNIVAN SHIP MANAGEMENT,
HK, CHINA. INCL LOTS OF BUNKERS ROB
SELLERS ARE BERNHARD SCHULTE
SHIPMANAGEMENT GERMANY
SHUTTLE TANKER
SHUTTLE TANKER
AS IS GIBRALTAR
SELLERS ARE ORYX SHIPPING SINGAPORE
REGION $440 BASIS DELIVERY
PAKISTAN/BANGLADESH RANGE IN BUYERS
OPTION, AND GAS FREE FOR HOT WORKS
TO BE BROKEN UP
LPG TANKER ‐ SELLERS ARE MARLBOROUGH
SHIPPIN GPTE SINGAPORE
SELLERS ARE HAPAG‐LLOYD AG GERMANY
BROKEN UP
CHEMICAL/PRODUCTS TANKER ‐ SELLERS
ARE TRUSTOIL TANKERS GREECE
SELLERS ARE ADANI SHIPPING CHINA CO
LTD CHINA
SELLERS ARE ORIENTAL EXPRESS SHIPPING
CO SYRIA
HEAVY LOAD CARRIER
SELLERS ARE STX PAN OCEAN CO LTD KOREA
SELLERS ARE TECHNOMAR SHIPPING GREECE
BASIS DELIVERY PAKISTAN/INDIA IN BUYERS
OPTION ‐ PRODUCTS TANKER ‐ SELLERS ARE
LATVIAN SHIPPING CO LATVIA
SELLERS ARE FIVE STARS SHIPPING CO PVT
LTD INDIA
SELLERS ARE CIEL SHIPMANAGEMENT
GREECE
CHEMICAL/PRODUCTS TANKER
SELLERS ARE PACC SHIP MANAGERS PTE
LTD SINGAPORE
N. COTZIAS SHIPPING CO. LTD.7-9 AKTI MIAOULI - 185 35 PIRAEUS TEL:+30 210 4222660/5 FAX:+30 210 4222678/9
PAGE 13 of [email protected], [email protected]
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HA NA BC 1978WARNOWWERF
T WARNEMU 14,651 6,715 ‐ INDIA 7803944
BLUE LADY BC 1981WARNOWWERF
T WARNEMU 14,114 6,157 440$ BANGLADESH 8131946
SERPENTINE RORO 1980KAWASAKI
HEAVY INDS 14,019 18,500 ‐ INDIA 7822201
MATINA A TANKER 1985 TAIHEI AKITSU 12,674 3,688 ‐ INDIA 8510403
FORTH SEA TANKER 1992ESERCIZIO
VIAREGGIO 12,592 4,427 750$ INDIA 8900309
JUBBA I BC 1974FUKUOKA
SHIPBUILDING ‐ 11,723 3,392 ‐ PAKISTAN 7377488
SARACEN STAR RORO 1984OSHIMA
SHIPBUILDING 11,554 7,365 405$ INDIA 8217556
PRIDE TANKER 1982VALMET OY ‐
HELSINK 11,538 4,000 ‐ PAKISTAN 8027195
LILLY V GAS 1978
MOSS
ROSENBERG
MOSS 11,485 5,650 430$ INDIA 7414133
MEULABOH BC 1978FUKUOKA
SHIPBUILDING ‐ 11,075 5,267 ‐ BANGLADESH 7705166
PROSPERITY No.8 BC 1976TOHOKU
SHIPBUILDING 11,036 2,152 ‐ CHINA 7419872
GREAT SOURCE BC 1972GEORGI
DIMITROV SHI 10,888 ‐ ‐ ‐ 7117797
SILKEBORG RORO 1978LINDENAU P.
KIEL 10,651 6,388 425$ INDIA 7708699
ICE MAIDEN I BC 1992KHERSONSKIY
SSZ OAO10,500 ‐ ‐ AS IS 9056894
PIETARI CLOUD REEFER 1985 SPAIN 10,168 5,276 370$ INDIA 8301022
GRANITNYY BEREG OTHER 1977MATHIAS‐
THESEN‐WERF 9,288 7,256 ‐ INDIA 7638167
LADY ALLA MPP 1981 CADAGUA 9,062 3,054 375$ INDIA 8216150
NIPPON STAR REEFER 1982 JAPAN 8,709 4,981 355$ INDIA 8118384
SAGED MPP 1975 SHIMODA 8,352 2,768 418$ INDIA 7430345
STAR RIDER SD 1980SIETAS
SCHIFFSWERFT 8,118 ‐ ‐ TURKEY 7928744
ANTISANA TANKER 1985MITSUBISHI
SHIMONOSEKI 7,918 3,147 ‐ INDIA 8323886
ALPHA BC 1977 MIE YOKKAICHI 7,678 2,173 ‐ PAKISTAN 7632670
ZIAD STAR BC 1971ONOMICHI
DOCKYARD CO L 7,460 ‐ ‐ TURKEY 7118698
MARIA G RORO 1977 NAVIRE AB 7,300 ‐ ‐ TURKEY 7521223
LERIDA CARRIER REEFER 1983 SHIMODA 7,079 ‐ ‐ CHINA 8217609
GREEN AUTUMN REEFER 1982SHIKOKU
DOCKYARD 6,348 3,947 350$ INDIA 8126044
SACHA BC 1978JULIANA
GIJONESA ‐ 6,016 ‐ ‐ TURKEY 7503219
CAPRICORNIO GAS I GAS 1977 MEYER JL ‐ GFR 5,961 3,218 430$ INDIA 7601047
FAST INDEPENDENCE RORO 1984MATHIAS‐
THESEN‐WERF 5,545 ‐ ‐ TURKEY 8306589
MARINE ROAD CAR 1992MITSUBISHI
KOBE5,260 ‐ ‐ AS IS 9039559
ARKAIM‐2 SD 1979SINGAPORE
SLIPWAY & 5,228 1,884 ‐ AS IS 7702566
BAO JIANG MPP 1983GUANGZHOU
WENCHONG5,082 2,340 ‐ ‐ 8315865
SOK GEMI SOKUM LTD
SELLERS ARE FUJIAN JIE'AN SHIPPING CHINA
DORTEL GEMI SOKUM DEMIR VE CEL
LPG TANKER ‐ SELLERS ARE GALAXY /
BENELUX GREECE
CHEMICAL/PRODUCTS
SELLERS ARE BASED IN UAE
IZMIR GERI DONUSUM LTD
RO‐RO CARGO SHIP YAZICI DEMIR CELIK AS
RO‐RO CARGO SHIP
AS IS UK
FISH CARRIER
SELLERS ARE WEST MANAGEMENT UKRAINE
SELLERS ARE CHARTWORLD SHIPPING CORP
GREECE
SELLERS ARE ISM GROUP SYRIA
AVSAR GEMI SOKUM LTD
BROKEN UP
SELLERS ARE BASED IN UAE
INCL 500 TONS IFO
PRODUCTS TANKER ‐ SELLERS ARE AEGEAN
MARINE PETROLEUM GREECE
LPG TANKER
BROKEN UP
CHEMICAL/PRODUCTS...
INCL 950 TONS OF STEEL ONBOARD ‐
CHEMICAL TANKER
SELLERS ARE PROSPERITY STEAMSHIP CO,
HK, CHINA
N. COTZIAS SHIPPING CO. LTD.7-9 AKTI MIAOULI - 185 35 PIRAEUS TEL:+30 210 4222660/5 FAX:+30 210 4222678/9
PAGE 14 of [email protected], [email protected]
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KEM KREST TANKER 1979KURUSHIMA
ONISHI 4,999 ‐ ‐ INDIA 7821609
NICEA RORO 1987NEPTUN
SCHIFFSWERFT 4,673 5,200 212$ TURKEY 8606642
LIAN.J MPP 1970NEPTUN
SCHIFFSWERFT 4,481 1,913 ‐ TURKEY 7023805
KILMORE PAX 1977 HYUNDAI HI 4,418 7,924 ‐ TURKEY 7528582
CAPNEGRET REEFER 1969 BARERAS 4,120 ‐ ‐ AS IS 6828844
MARINEROAD 2 RORO 1993MITSUBISHI
KOBE3,379 ‐ ‐ AS IS 9064827
ROSE SD 1972 ZTS 3,236 ‐ ‐ TURKEY 8865975
MONA A SD 1973SMIT E.J.
SCHEEPS W 2,970 ‐ ‐ TURKEY 7332127
SHREE SHAKTI SD 1981 KRASNOYARSKIY 2,766 960 ‐ PAKISTAN 8858075
N. VENTURE CAR 1978USUKI IRON
WORKS ‐ 2,589 2,885 ‐ BANGLADESH 7805825
KC BRIDGE RORO 1980
KOYO
DOCKYARD CO
LTD 2,510 8,170 435$ CHINA 7908835
B. P. P. 16 TANKER 1968 GEIBI 2,437 926 390$ BANGLADESH 6816619
LILIA SD 1967 BOELE'S NV 2,081 ‐ ‐ TURKEY 6708238
SVYATOY PAVEL TRAWLER 1974 VOLKSWERFT 2,063 ‐ ‐ TURKEY 7397531
FATIMA I SD 1969SIETAS
SCHIFFSWERFT 2,017 ‐ ‐ TURKEY 6918223
TRAMP SD 1978 HANCOCKS 1,856 ‐ ‐ TURKEY 7604831
ORIENTAL PRINCESS REEFER 1979RAUMA‐REPOLA
OY ‐ R 1,630 ‐ ‐ INDIA 7809259
ATLANTIC CAR 1945BETHLEHEM‐
HINGHAM 1,575 ‐ ‐ AS IS 5262081
KAPTAIN BORIS PAX 1966ORESUNDSVARV
ET 1,410 6,000 ‐ PAKISTAN 6600462
WINNER 10 PAX 1974 SCHICHAU 1,377 ‐ ‐ INDIA 7360667
CASINO ROYALE PAX 1975 KYNOSSOURA 1,361 5,189 360$ BANGLADESH 7350442
VASSILIOS XIV TANKER 1969NIEUWE NOORD
NEDERL 1,356 ‐ ‐ TURKEY 6906983
XT MESOGIAKOS SD 1966 JANSEN 1,330 ‐ ‐ TURKEY 6616851
LUNA H SD 1963KOMUNY
PARYSKIEJ ST 1,305 895 330$ INDIA 5181615
OMAR SD 1966 ORENS 1,228 ‐ ‐ TURKEY 6708563
PHOENICIA I SD 1962 PETERS H. 1,194 ‐ ‐ TURKEY 5101902
ISTRA CAR 1966AALBORG
VAERFT 869 ‐ ‐ TURKEY 6525143
BIN HAI 211 TUG 1975HITACHI ZOSEN ‐
MUK 752 ‐ ‐ CHINA 7375715
BIN HAI 209 TUG 1974SANYO
ONOMICHI 752 ‐ ‐ CHINA 7375698
BIN HAI 213 TUG 1975SANYO
ONOMICHI 752 ‐ ‐ CHINA 7375739
BIN HAI 210 TUG 1975SANYO
ONOMICHI 752 ‐ ‐ CHINA 7375703
DEA SUPPORTER TUG 1970MANGONE
SHIPBUILDIN 719 ‐ ‐ AS IS 7047289
Note1: With Red color are indicated all Greek interest Sales
AS IS ARGENTINA
HISAR GEMI SOKUM AS ‐ SELLERS ARE
LEBANESE
Factory Stern Trawler
HUZUR GEMI SOKUM LTD
GENERAL CARGO SHIP
VEHICLES CARRIER
SELLERS ARE C&KCL CO LTD, KOREA. SOLD AT
AUCTION
MOLASSES TANKER
HISAR GEMI SOKUM AS
GENERAL CARGO SHIP AGS LTD
SOK DENIZCILIK TIC LTD STI
SELLERS ARE ALWADI SHIPPING & TRADING
CO SYRIA
SIMSEKLER GEMI SOKUM ‐ ALIAGA
Offshore Tug/Supply Ship
AS IS DENMARK ‐ PLATFORM SUPPLY SHIP
SOK DENIZCILIK TIC LTD STI ‐ SELLERS ARE
JADROLINJIA CROATIA
Offshore Tug/Supply Ship
Platform Supply Ship
Offshore Tug/Supply Ship
BERKET IHRACAT‐ITHALAT GEMI
CEMSAN GEMI SOKUM SAN LTD
PASS/CRUISE
PRODUCTS TANKER ‐ CEMSAN GEMI SOKUM
ARE BREAKERS ‐ SELLERS ARE VASILIOS
SHIPPING GREECE
PASSENGER FERRY
N. COTZIAS SHIPPING CO. LTD.7-9 AKTI MIAOULI - 185 35 PIRAEUS TEL:+30 210 4222660/5 FAX:+30 210 4222678/9
PAGE 15 of [email protected], [email protected]
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DEMOLITION STATISTICS: 2010 UNITS DWT LDT
January 113 3,971,795 916,571 UNITS LDT TAKEN AV. SCRP PRICE
February 105 2,644,173 651,697 80 482,908 $366March 126 4,621,069 1,016,091 221 1,603,377 $385
April 134 2,901,286 696,557 86 1,035,572 $398May 94 2,008,109 461,428 79 80,464 $213
June 0 0 0 53 395,631 $396July 0 0 0 53 144,392
August 0 0 0 572 3,742,344 $352September 0 0 0
October 0 0 0
November 0 0 0
December 0 0 0
TOTAL 572 16,146,432 3,742,344
UNITS LDT TAKEN av $ UNITS LDT UNITS LDT
80 482,908 366.5 50 413,048 1,937,690 5
221 1,603,377 384.7 147 1,063,884 2,800,754 67
86 1,035,572 398.2 32 257,662 738,837 54
79 80,464 212.7 37 70,415 366,224 6
53 395,631 395.5 28 106,933 283,165 25
53 144,392 49.0 14 60,864 216,745 6
572 3,742,344 351.5 308 1,972,806 6,343,415 163
COUNTRY UNITS % rankGREECE 100 17.5% 1
CHINA 38 6.6% 2SINGAPORE 37 6.5% 3
UAE 34 5.9% 4JAPAN 32 5.6% 5
NORWAY 29 5.1% 6SYRIA 23 4.0% 7USA 21 3.7% 8
TURKEY 20 3.5% 9INDIA 15 2.6% 10
LEBANON 14 2.4% 11RUSSIA 14 2.4% 11
UK 13 2.3% 13LATVIA 11 1.9% 14
BULGARIA 10 1.7% 15UKRAINE 10 1.7% 15
INDONESIA 8 1.4% 17BANGLADESH 7 1.2% 18
DENMARK 7 1.2% 18KOREA 7 1.2% 18
ALL OTHER 114 19.9%
UNDISCL 8 1.4%
TOTAL 572 100.0%
TURKEY
PAKISTAN
2010 DEMOLITION SELLERS STATISTICS
source of data: N. COTZIAS SHIPPING CONSULTANTS (NCSC)
BREAKER – STATS ‘2010
CHINA
BREAKER
DETAILED BREAKER REGION - STATISTICS FOR 2010 DRY
OTHER/CASH/AS IS
TOTAL
WET
CHINA
BANGLADESH
INDIA
PAKISTAN
INDIA
TOTAL
OTHER/CASH/AS IS
BANGLADESH
TURKEY
BREAKER
Average Scrap Price & No of Ships Scrapped 2005-2010
11
0
1618
105
127
1715
241820
1717161711
19
2929
2116
25
131716
1310
1723
812
2114
1922
1925
51
28
39
7379
112
95101
75
91
125
134
63
94
62
113
105
126
134
94
129125
$100
$200
$300
$400
$500
$600
$700
$800
May
-05
Jul-0
5
Sep-0
5
Nov-05
Jan-0
6
Mar
-06
May
-06
Jul-0
6
Sep-0
6
Nov-06
Jan-0
7
Mar
-07
May
-07
Jul-0
7
Sep-0
7
Nov-07
Jan-0
8
Mar
-08
May
-08
Jul-0
8
Sep-0
8
Nov-08
Jan-0
9
Mar
-09
May
-09
Jul-0
9
Sep-0
9
Nov-09
Jan-1
0
Mar
-10
May
-10
-5
15
35
55
75
95
115
135
155
Average Scrap PriceNumber of Ships
DEMO STATS 2005-2010
0
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
3,500,000
4,000,000
4,500,000
5,000,000
May
-05
Jul-0
5
Sep-0
5
Nov-05
Jan-0
6
Mar
-06
May
-06
Jul-0
6
Sep-0
6
Nov-06
Jan-0
7
Mar
-07
May
-07
Jul-0
7
Sep-0
7
Nov-07
Jan-0
8
Mar
-08
May
-08
Jul-0
8
Sep-0
8
Nov-08
Jan-0
9
Mar
-09
May
-09
Jul-0
9
Sep-0
9
Nov-09
Jan-1
0
Mar
-10
May
-10
0
20
40
60
80
100
120
140DWTLDTNUMBER
LDT INTAKE PER SCRAP COUNTRY FOR 2010 OTHER/CASH/AS IS,144,392, 4%
PAKISTAN, 395,631, 11%
TURKEY, 80,464, 2%
BANGLADESH, 1,035,572,
28%
INDIA, 1,603,377,
42%
CHINA, 482,908, 13%
UNIT INTAKE PER SCRAP COUNTRY FOR 2010
CHINA, 80, 14%
INDIA, 221, 39%
BANGLADESH, 86, 15%
TURKEY, 79, 14%
PAKISTAN, 53, 9%
OTHER/CASH/AS IS, 53, 9%
N. COTZIAS SHIPPING CO. LTD.7-9 AKTI MIAOULI - 185 35 PIRAEUS TEL:+30 210 4222660/5 FAX:+30 210 4222678/9
PAGE 16 of [email protected], [email protected]
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BULKERS / SDTANK/
OBO/GASCONT/
TWEEN/MPP REEFER
RORO PAX CRUISE, OTHER
VEHICLES CARRIERS
TRAWLER TUG OTHER TOTAL
156 179 110 21 56 29 21 572 SHIPS
27.3% 31.3% 19.2% 3.7% 9.8% 5.1% 3.7% 100.0%
615,322 1,755,981 673,603 100,612 293,865 162,562 140,399 3,742,344
2,908,625 9,693,990 1,950,648 161,867 431,568 314,468 685,266 16,146,432
$167,971,615 $649,831,112 $189,631,770 $38,558,260 $72,291,226 $28,758,985 $39,760,668 $1,186,803,636
32.7 Years 27.7 Years 29.2 Years 29.4 Years 35.7 Years 27.2 Years 32.5 Years 30.6 Years
source of data: N. COTZIAS SHIPPING CONSULTANTS (NCSC)
AVERAGE AGE
STATS
DWT
LDT
%
UNITS
Demolition DATA for 2010
USD PAID
AVERAGE MONTHLY SCRAP PRICE 2010 ‐ CHINA
$228$243
$215 $209$226
$251 $255 $268 $279 $266$286
$312 $319$343
$375$401
$384
205
255
305
355
405
Jan‐
09
Feb‐
09
Mar‐
09
Apr‐
09
May‐
09
Jun‐
09
Jul‐09 Aug‐
09
Sep‐
09
Oct‐
09
Nov‐
09
Dec‐
09
Jan‐
10
Feb‐
10
Mar‐
10
Apr‐
10
May‐
10
AV
ER
AG
E S
CR
AP
PR
ICE
U$
/LD
T
AVERAGE MONTHLY SCRAP PRICE 2010 ‐ INDIA
$267 $262 $272 $259$234
$258 $249
$309$327
$291
$340$324
$361 $346
$387
$460
$410
220
270
320
370
420
470
Jan‐
09
Feb‐
09
Mar‐
09
Apr‐
09
May‐
09
Jun‐
09
Jul‐09 Aug‐
09
Sep‐
09
Oct‐
09
Nov‐
09
Dec‐
09
Jan‐
10
Feb‐
10
Mar‐
10
Apr‐
10
May‐
10
AV
ER
AG
E S
CR
AP
PR
ICE
U$
/LD
T
AVERAGE MONTHLY SCRAP PRICE 2010 ‐ PAKISTAN
$271 $265 $261 $266$248
$282$315
$273
$313 $312$293
$265
$379$353
$377
$464$431
220
270
320
370
420
470
Jan‐
09
Feb‐
09
Mar‐
09
Apr‐
09
May‐
09
Jun‐
09
Jul‐09 Aug‐
09
Sep‐
09
Oct‐
09
Nov‐
09
Dec‐
09
Jan‐
10
Feb‐
10
Mar‐
10
Apr‐
10
May‐
10
AV
ER
AG
E S
CR
AP
PR
ICE
U$
/LD
T
AVERAGE MONTHLY SCRAP PRICE 2010 ‐ BANGLADESH
$274 $269
$311$277
$240
$296 $289 $300
$342$322 $322 $335
$362$393 $390
$445$415
220
270
320
370
420
Jan‐
09
Feb‐
09
Mar‐
09
Apr‐
09
May‐
09
Jun‐
09
Jul‐09 Aug‐
09
Sep‐
09
Oct‐
09
Nov‐
09
Dec‐
09
Jan‐
10
Feb‐
10
Mar‐
10
Apr‐
10
May‐
10
AV
ER
AG
E S
CR
AP
PR
ICE
U$
/LD
T
AVERAGE MONTHLY SCRAP PRICE 2010 ‐ TURKEY
$218
$183 $186$202
$172$155
$174 $179 $177 $181 $184 $179$187 $187
$207
$242
$212
140
160
180
200
220
240
260
Jan‐
09
Feb‐
09
Mar‐
09
Apr‐
09
May‐
09
Jun‐
09
Jul‐09 Aug‐
09
Sep‐
09
Oct‐
09
Nov‐
09
Dec‐
09
Jan‐
10
Feb‐
10
Mar‐
10
Apr‐
10
May‐
10
AV
ER
AG
E S
CR
AP
PR
ICE
U$
/LD
T
N. COTZIAS SHIPPING CO. LTD.7-9 AKTI MIAOULI - 185 35 PIRAEUS TEL:+30 210 4222660/5 FAX:+30 210 4222678/9
PAGE 17 of [email protected], [email protected]
www.cotzias.gr – visit our constantly updated website MAY 2010
DATE BDI % frm 1/1/2010 BCI 1/1/2010 BPI 1/1/2010 BSI 1/1/2010 BHI 1/1/2010
30‐04‐10 3,354 7% 3,936 ‐6% 3,900 2% 2,715 22% 1,356 18%04‐05‐10 3,352 7% 3,892 ‐7% 3,910 2% 2,732 23% 1,373 19%05‐05‐10 3,379 8% 3,917 ‐7% 3,951 3% 2,755 24% 1,386 20%06‐05‐10 3,468 10% 4,041 ‐4% 4,018 5% 2,817 27% 1,398 21%07‐05‐10 3,608 15% 4,348 4% 4,062 6% 2,888 30% 1,412 23%10‐05‐10 3,707 18% 4,551 8% 4,096 7% 2,947 33% 1,420 23%11‐05‐10 3,822 22% 4,804 14% 4,146 8% 2,991 34% 1,437 25%12‐05‐10 3,888 24% 4,878 16% 4,196 10% 3,025 36% 1,456 26%13‐05‐10 3,914 25% 4,861 16% 4,273 12% 3,053 37% 1,468 28%14‐05‐10 3,929 25% 4,804 14% 4,340 14% 3,076 38% 1,481 29%17‐05‐10 3,922 25% 4,711 12% 4,417 16% 3,090 39% 1,491 30%18‐05‐10 3,882 24% 4,513 8% 4,504 18% 3,103 40% 1,502 30%19‐05‐10 3,832 22% 4,300 2% 4,596 20% 3,111 40% 1,511 31%20‐05‐10 3,803 21% 4,192 0% 4,622 21% 3,106 40% 1,514 32%21‐05‐10 3,844 22% 4,317 3% 4,576 20% 3,095 39% 1,516 32%24‐05‐10 3,943 26% 4,625 10% 4,537 19% 3,090 39% 1,520 32%25‐05‐10 4,187 33% 5,262 25% 4,492 17% 3,076 38% 1,517 32%26‐05‐10 4,209 34% 5,357 28% 4,450 16% 3,053 37% 1,506 31%27‐05‐10 4,156 32% 5,304 26% 4,360 14% 3,015 36% 1,492 30%28‐05‐10 4,078 30% 5,217 24% 4,247 11% 2,982 34% 1,477 28%
BALTIC TANKER MARKET INDICES until 28th MAY 2010
BALTIC DRY BULK MARKET INDICES until 28th MAY 2010
All Baltic DRY indices 2005 - 2010
3002300430063008300
1030012300143001630018300
May-05
Aug-05
Nov-05
Feb-06
May-06
Aug-06
Nov-06
Feb-07
May-07
Aug-07
Nov-07
Feb-08
May-08
Aug-08
Nov-08
Feb-09
May-09
Aug-09
Nov-09
Feb-10
May-10
BPIBCIBDIBSI
BALTIC DRY 2005 - 2010
400
2400
4400
6400
8400
10400
May-05Aug-05
Nov-05Feb-06
May-06Aug-06
Nov-06Feb-07
May-07Aug-07
Nov-07Feb-08
May-08Aug-08
Nov-08Feb-09
May-09Aug-09
Nov-09Feb-10
May-10
BDI
BALTIC PMAX 2005 - 2010
300
2300
4300
6300
8300
10300
May-05Aug-05
Nov-05Feb-06
May-06Aug-06
Nov-06Feb-07
May-07Aug-07
Nov-07Feb-08
May-08Aug-08
Nov-08Feb-09
May-09Aug-09
Nov-09Feb-10
May-10
BPI
BALTIC CAPE 2005 - 2010
400
2900
5400
7900
10400
12900
15400
17900
May-05Aug-05
Nov-05Feb-06
May-06Aug-06
Nov-06Feb-07
May-07Aug-07
Nov-07Feb-08
May-08Aug-08
Nov-08Feb-09
May-09Aug-09
Nov-09Feb-10
May-10
BCI
BALTIC SUPMAX 2006 - 2010
300
1300
2300
3300
4300
5300
6300
7300
May-05Aug-05
Nov-05Feb-06
May-06Aug-06
Nov-06Feb-07
May-07Aug-07
Nov-07Feb-08
May-08Aug-08
Nov-08Feb-09
May-09Aug-09
Nov-09Feb-10
May-10
BSI
CAPITAL LINK MARITIME INDEX 2005-2010
400
1400
2400
3400
4400
5400
May-05Aug-05
Nov-05Feb-06
May-06Aug-06
Nov-06Feb-07
May-07Aug-07
Nov-07Feb-08
May-08Aug-08
Nov-08Feb-09
May-09Aug-09
Nov-09Feb-10
May-10
CL Maritime Index (CLMI)
CAPITAL LINK DRYBULK INDEX 2005-2010
400
1400
2400
3400
4400
5400
6400
7400
May-05Aug-05
Nov-05Feb-06
May-06Aug-06
Nov-06Feb-07
May-07Aug-07
Nov-07Feb-08
May-08Aug-08
Nov-08Feb-09
May-09Aug-09
Nov-09Feb-10
May-10
CL Drybulk Index (CLDBI)
CAPITAL LINK CONTAINER INDEX 2005-2010
400
1400
2400
3400
4400
5400
May-05Aug-05
Nov-05Feb-06
May-06Aug-06
Nov-06Feb-07
May-07Aug-07
Nov-07Feb-08
May-08Aug-08
Nov-08Feb-09
May-09Aug-09
Nov-09Feb-10
May-10
CL Container Index (CLCI)
CAPITAL LINK MLP INDEX 2005-2010
400900
1400190024002900340039004400
May-05Aug-05
Nov-05Feb-06
May-06Aug-06
Nov-06Feb-07
May-07Aug-07
Nov-07Feb-08
May-08Aug-08
Nov-08Feb-09
May-09Aug-09
Nov-09Feb-10
May-10
CL MLP Index (CLMLP)
N. COTZIAS SHIPPING CO. LTD.7-9 AKTI MIAOULI - 185 35 PIRAEUS TEL:+30 210 4222660/5 FAX:+30 210 4222678/9
PAGE 18 of [email protected], [email protected]
www.cotzias.gr – visit our constantly updated website MAY 2010
DATE CLEAN % frm 2/1/10 DIRTY % frm 2/1/10
30‐04‐10 403 ‐10.3% 477 ‐2.7%
04‐05‐10 424 ‐10.6% 476 ‐2.8%
05‐05‐10 431 ‐11.1% 463 ‐3.9%
06‐05‐10 440 ‐11.5% 466 ‐3.5%
07‐05‐10 450 ‐11.4% 475 ‐3.1%
10‐05‐10 458 ‐10.9% 480 ‐2.1%
11‐05‐10 469 ‐10.3% 485 1.7%
12‐05‐10 474 ‐10.0% 482 4.5%
13‐05‐10 479 ‐10.4% 479 5.8%
14‐05‐10 476 ‐10.4% 473 6.8%
17‐05‐10 478 ‐10.6% 473 7.1%
18‐05‐10 479 ‐11.4% 474 7.8%
19‐05‐10 483 ‐11.9% 479 8.6%
20‐05‐10 483 ‐12.4% 484 9.6%
21‐05‐10 484 ‐12.9% 485 8.8%
24‐05‐10 485 ‐13.5% 480 6.3%
25‐05‐10 487 ‐14.2% 479 2.9%
26‐05‐10 484 ‐15.1% 480 0.1%
27‐05‐10 482 ‐15.9% 484 ‐4.8%
28‐05‐10 481 ‐16.8% 482 ‐6.1%
ALL CAPITAL LINK INDICES ARE USED WITH THE EXPRESS KIND PERMISSION OF CAPITAL LINK INC - NEW YORK
DISCLAIMER: INFORMATION & DATA CONTAINED IN THIS MONTHLY MARKET REPORT HAVE BEEN CAREFULLY OBTAINED FROM VARIOUS MARKET SOURCES. ALTHOUGH ALL IS BELIEVED TO BE CORRECT, N. COTZIAS SHIPPING GROUP MAKES NO GUARANTEE FOR ACCURACY, AND SHALL NOT BE LIABLE FOR ANY LOSS INCURRED IN ANY WAY WHATSOEVER BY ANY PERSON RELYING ON THE INFORMATION CONTAINED HEREIN.
ALL BALTIC WET Indices 2006-2010
300
800
1300
1800
2300
May-06Aug-06
Nov-06Feb-07
May-07Aug-07
Nov-07Feb-08
May-08Aug-08
Nov-08Feb-09
May-09Aug-09
Nov-09Feb-10
May-10
BCTI
BDTI
BALTIC DIRTY TANKER INDEX 2005 - 2010
400
900
1400
1900
2400
Nov-05Feb-06
May-06Aug-06
Nov-06Feb-07
May-07Aug-07
Nov-07Feb-08
May-08Aug-08
Nov-08Feb-09
May-09Aug-09
Nov-09Feb-10
May-10
BDTIBALTIC CLEAN TANKER INDEX 2005 - 2010
300
700
1100
1500
1900
Nov-05Feb-06
May-06Aug-06
Nov-06Feb-07
May-07Aug-07
Nov-07Feb-08
May-08Aug-08
Nov-08Feb-09
May-09Aug-09
Nov-09Feb-10
May-10
BCTI
Brent OIL (2001 - 2010)
162636465666768696
106116126136146
May
-01
Aug-0
1
Nov-0
1
Feb-02
May
-02
Aug-0
2
Nov-0
2
Feb-03
May
-03
Aug-0
3
Nov-0
3
Feb-04
May
-04
Aug-0
4
Nov-0
4
Feb-05
May
-05
Aug-0
5
Nov-0
5
Feb-06
May
-06
Aug-0
6
Nov-0
6
Feb-07
May
-07
Aug-0
7
Nov-0
7
Feb-08
May
-08
Aug-0
8
Nov-0
8
Feb-09
May
-09
Aug-0
9
Nov-0
9
Feb-10
May
-10
Brent Oil
ALL CAPITAL LINK WET Indices 2006-2010
400
1400
2400
3400
4400
5400
Aug-05Nov-05
Feb-06May-06
Aug-06Nov-06
Feb-07May-07
Aug-07Nov-07
Feb-08May-08
Aug-08Nov-08
Feb-09May-09
Aug-09Nov-09
Feb-10May-10
CL Tanker Index (CLTI)
CL LNG/LPG Index (CLLG)
CAPITAL LINK TANKER INDEX 2005-2010
400.00
1400.00
2400.00
3400.00
4400.00
5400.00
Nov-05Feb-06
May-06Aug-06
Nov-06Feb-07
May-07Aug-07
Nov-07Feb-08
May-08Aug-08
Nov-08Feb-09
May-09Aug-09
Nov-09Feb-10
May-10
CL Tanker Index (CLTI)
CAPITAL LINK LNG/LPG INDEX 2005-2010
400.00
800.00
1200.00
1600.00
2000.00
2400.00
2800.00
3200.00
Nov-05Feb-06
May-06Aug-06
Nov-06Feb-07
May-07Aug-07
Nov-07Feb-08
May-08Aug-08
Nov-08Feb-09
May-09Aug-09
Nov-09Feb-10
May-10
CL LNG/LPG Index (CLLG)
WTI SPOT PRICE (2001 - 2010)
162636465666768696
106116126136146
May
-01
Aug-0
1
Nov-0
1
Feb-02
May
-02
Aug-0
2
Nov-0
2
Feb-03
May
-03
Aug-0
3
Nov-0
3
Feb-04
May
-04
Aug-0
4
Nov-0
4
Feb-05
May
-05
Aug-0
5
Nov-0
5
Feb-06
May
-06
Aug-0
6
Nov-0
6
Feb-07
May
-07
Aug-0
7
Nov-0
7
Feb-08
May
-08
Aug-0
8
Nov-0
8
Feb-09
May
-09
Aug-0
9
Nov-0
9
Feb-10
May
-10
WTI Spot Price
N. COTZIAS SHIPPING CO. LTD.7-9 AKTI MIAOULI - 185 35 PIRAEUS TEL:+30 210 4222660/5 FAX:+30 210 4222678/9
PAGE 19 of [email protected], [email protected]
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