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Secondhand Market page 1/2
Overview of S&P Activity page 1
Top Ranking of Buyers page 1
S&P Activity –Statistics page 2
Greek Presence page 2
Chinese Presence page 2
Demolition Market page 3/4
Overview of Demo Activity page 3
Top Ranking of Demo Countries page 3
Demo Activity –Statistics page 5
Demo Activity-Countries page 4/5
Pakistan /India/Bdesh page 4
China page 5
Special Feature-Dry Period page 6/7 Bulk Carriers Fixture Activity
Capesize page 6
Post Panamax page 6
Kamsarmax page 6
Panamax page 6
Supramax page 7
Handymax page 7
Handysize page 7
Total Fixture Activity page 7
Freight Market Performance page 8/9 Dry Market - Charts
Baltic Dry Indices page 8
TC Average Earnings page 8 Tanker Market - Charts
Baltic Tanker Indices page 9 Summary of Baltic Indices page 9 Summary of Baltic TC Avg. Earnings page 9
SECONDHAND MARKET
DEMOLITION MARKET
BULK CARRIERS – PERIOD
MARKET
FREIGHT RATES –BALTIC
INDICES
GRAPHICAL ANALYSIS OF
BALTIC INDICES
Monthly
Market
Report Issue June 2021
All the information contained in this report is given in good faith, but without
any guarantee from our part, and is based on our S&P Market Reports and
Insight Market Information provided and/or collected from various sources.
This report is presented for the sole and exclusive information of its
recipients and whilst every care has been taken in the preparation of this
report, no representation or warranty, express or implied, is made by Golden
Destiny S.A. in respect of the accuracy, completeness or correctness of the
information contained herein. Neither our company nor its directors or
employees assumes or accepts any liability whatsoever for any loss or
damage incurred by any person whatsoever in relation to and/or as a result
of the use of and/or due to any person’s reliance on the information
contained in this report. Furthermore, no responsibility is accepted in
respect of any errors or inaccuracies which may be contained in this report.
GOLDEN DESTINY established in 1994 SALE & PURCHASE - MARINE INSURANCE - SHIP VALUATIONS - MARKET RESEARCH
Website: www.goldendestiny.com Research & Valuations: [email protected] Sale & Purchase: [email protected] Marine Insurance: [email protected] GOLDEN DESTINY PIRAEUS: 57 AKTI MIAOULI 18536 TEL: +30 210 4295000 FAX: +30 210 4292346
GOLDEN DESTINY RESEARCH SERVICES
WEEKLY PUBLICATIONS: Weekly S&P Market Report
MONTHLY PUBLICATIONS:
Monthly S&P Market Report Monthly Newbuilding Market Report
ANNUAL PUBLICATIONS: Annual S&P Statistics for the pace of shipping investments
SPECIAL EDITIONS:
Weekly S&P Market Trends Other Reports / Analysis concerning the outlook of Secondhand / Demolition / Newbuilding Transactions
GOLDEN DESTINY established since 1994 SALE & PURCHASE - MARINE INSURANCE - SHIP VALUATIONS - MARKET RESEARCH June 2021
Page 1 MONTHLY MARKET REPORT
SECONDHAND MARKET - Overview of S&P Activity
Top Ranking of Buyers
m-o-m y-o-y
-14% 69%
Jun-21
196
Previous Month Jun-20
227 116No. of Vessels Changed Hands
12 yrs old built 2009
29 62,827
Bulkers -6% m-o-m 70% y-o-y
Units: 102
11 yrs old built 20105
Tankers -46% m-o-m 21% y-o-y 826,900,000
Average Age of Vessels Sold: 10 yrs old built 2011 Units: 34
6
Containers 34% m-o-m 1075% y-o-y 890,750,000
Average Age of Vessels Sold: 13 yrs old built 2008 Units: 47
12 Average Dwt Sold:S&P deals reported at an undisclosed sale price: 39,551
Average Age of Vessels Sold (in Total): Total Invested Capital: 3,379,300,000
Average Age of Vessels Sold:S&P deals reported at an undisclosed sale price:
Total Invested Capital:
Average Dwt Sold:
Average Dwt Sold:
Total Invested Capital: 1,543,400,000
65,374
103,767
S&P deals reported at an undisclosed sale price:
Average Dwt Sold:
Total Invested Capital:
S&P deals reported at an undisclosed sale price:
Bulkers No. of S&P deals Average Dwt Average Built
VLOC - - -
Newcastlemax - - -
Capesize 9 178,507 2009
Post Panamax 3 97,066 2007
Kamsarmax 5 82,028 2013
Panamax 16 76,543 2007
Ultramax 15 63,037 2016
Supramax 15 56,799 2010
Handymax 3 46,847 2001
Handysize 29 34,732 2011
Handy 7 27,182 2008
Small - - -
Tankers No. of S&P deals Average Dwt Average Built
VLCC 7 311,131 2008
Suezmax - - -
Aframax 4 109,170 2006
Panamax 2 74,743 2009
MR/Handymax 15 48,732 2016
Handy 1 13,209 2018
Small 5 3,959 2001
Containers No. of S&P deals Average Dwt Average Built
ULCV - - -
Neopanamax - - -
Post-Panamax - - -
Panamax 7 65,656 2008
Feedermax 29 41,149 2007
Feeder 9 20,173 2011
Small feeder 2 12,224 2007
Secondhand Buying Trends (S&P Activity Reported per Vessel Size - Current Month)
GOLDEN DESTINY established since 1994 SALE & PURCHASE - MARINE INSURANCE - SHIP VALUATIONS - MARKET RESEARCH June 2021
Page 2 MONTHLY MARKET REPORT
SECONDHAND MARKET
S&P Activity (No of Units Changed Hands, Dwt, Invested Capital) Greek Presence (No of Vessel Purchases, Dwt, Invested Capital) Chinese Presence (No of Vessel Purchases, Dwt, Invested Capital)
S&P Activity (Secondhand Market)
Vessel Type Units Dwt ($) Invested P&C Auction Units %m-o-m Units %y-o-y
Bulk Carriers 102 6,668,166 1,543,400,000 5 1 108 -6% 60 70%
Tankers 34 3,528,068 826,900,000 6 1 63 -46% 28 21%
Gas Tankers 5 178,254 94,000,000 3 0 0 4 25%
General Cargo/MPP 5 69,372 24,250,000 0 0 6 -17% 3 67%
Containers 47 1,858,898 890,750,000 12 0 35 34% 4 1075%
Reefers 0 0 0 0 0 0 2 -100%
Passenger/Cruise 0 0 0 0 0 0 2 -100%
Ro-Ro 0 0 0 0 0 0 0
Car Carrier 0 0 0 0 0 0 0
Combined 0 0 0 0 0 0 0
Special Projects 3 11,313 0 3 0 15 -80% 13 -77%
TOTAL 196 12,314,071 3,379,300,000 29 2 227 -14% 116 69%
GREEK PRESENCE 16% share to the total S&P Activity
Vessel Purchases (Secondhand Market)
Vessel Type Units Dwt ($) Invested P&C Auction Units %m-o-m Units %y-o-y
Bulk Carriers 28 1,865,320 467,350,000 1 0 21 33% 11 155%
Tankers 3 415,095 60,400,000 0 0 13 -77% 0
Gas Tankers 0 0 0 0 0 0 0
General Cargo/MPP 0 0 0 0 0 0 0
Containers 1 11,807 0 1 0 2 -50% 0
Reefers 0 0 0 0 0 0 0
Passenger/Cruise 0 0 0 0 0 0 0
Ro-Ro 0 0 0 0 0 0 0
Car Carrier 0 0 0 0 0 0 0
Combined 0 0 0 0 0 0 0
Special Projects 0 0 0 0 0 0 0
TOTAL 32 2,292,222 527,750,000 2 0 36 -11% 11 191%
CHINESE PRESENCE 27% share to the total S&P Activity
Vessel Purchases (Secondhand Market)
Vessel Type Units Dwt ($) Invested P&C Auction Units %m-o-m Units %y-o-y
Bulk Carriers 33 2,102,467 517,650,000 0 0 12 175% 11 200%
Tankers 11 798,561 409,000,000 0 0 6 83% 4 175%
Gas Tankers 0 0 0 0 0 0 0
General Cargo/MPP 3 36,983 16,450,000 0 0 1 200% 0
Containers 5 296,537 148,000,000 1 0 2 150% 1 400%
Reefers 0 0 0 0 0 0 0
Passenger/Cruise 0 0 0 0 0 0 0
Ro-Ro 0 0 0 0 0 0 0
Car Carrier 0 0 0 0 0 0 0
Combined 0 0 0 0 0 0 0
Special Projects 1 2,463 0 1 0 1 0% 6 -83%
TOTAL 53 3,237,011 1,091,100,000 2 0 22 141% 22 141%
Previous Year
Previous Month Previous Year
Previous YearPrevious Month
Previous Month
GOLDEN DESTINY established since 1994 SALE & PURCHASE - MARINE INSURANCE - SHIP VALUATIONS - MARKET RESEARCH June 2021
Page 3 MONTHLY MARKET REPORT
DEMOLITION MARKET - Overview of Demo Activity
Top Ranking of Demo Countries
m-o-m y-o-y
11% -27%No. of Vessel Demolitions 40 36 55
Jun-21 Previous Month Jun-20
Average Age of Vessels Scrapped: 28 yrs old built 1993
38,702
Bulkers 200% m-o-m -73% y-o-y
Units: 3
27 yrs old built 1994 63,952
Tankers 0% m-o-m 667% y-o-y
Units: 23
26 yrs old built 1995 53,074
Containers m-o-m -94% y-o-y 11,800
Units: 1
30 yrs old built 1991 11,800
1,583,594
191,855
Average Dwt :
Average Age of Vessels Scrapped:
Average Age of Vessels Scrapped:
1,220,704
Average Dwt :
Average Dwt :
Total Deadweight:
Total Deadweight:
Total Deadweight:
Total Deadweight:
Average Age of Vessels Scrapped: Average Dwt : Bulkers No. of Demolitions Average Dwt Average Built
VLOC - - -
Newcastlemax - - -
Capesize 1 170,085 2001
Post Panamax - - -
Kamsarmax - - -
Panamax - - -
Ultramax - - -
Supramax - - -
Handymax - - -
Handysize - - -
Handy 1 18,520 1984
Small 1 3,250 1997
Tankers No. of Demolitions Average Dwt Average Built
VLCC 1 298,982 1998
Suezmax 1 152,680 1991
Aframax 3 105,168 1998
Panamax - - -
MR/Handymax 8 44,779 1998
Handy 4 15,376 1993
Small 6 5,634 1992
Containers No. of Demolitions Average Dwt Average Built
ULCV - - -
Neopanamax - - -
Post-Panamax - - -
Panamax - - -
Feedermax - - -
Feeder - - -
Small Feeder 1 11,800 1991
GOLDEN DESTINY established since 1994 SALE & PURCHASE - MARINE INSURANCE - SHIP VALUATIONS - MARKET RESEARCH June 2021
Page 4 MONTHLY MARKET REPORT
DEMOLITION MARKET
Demo Activity (No of Units Demolished, Dwt) per vessel type Demo Activity per Demolition Country (Bangladesh, India)
Demo Activity (Demoltion Market)
Vessel Type Units Dwt Units %m-o-m Units %y-o-y
Bulk Carriers 3 191,855 1 200% 11 -73%
Tankers 23 1,220,704 23 0% 3 667%
Gas Tankers 3 80,962 1 200% 0
General Cargo/MPP 4 20,027 3 33% 9 -56%
Containers 1 11,800 0 17 -94%
Reefers 3 21,309 1 200% 0
Passenger/Cruise 0 0 4 -100% 1 -100%
Ro-Ro 1 4,050 1 0% 8 -88%
Car Carrier 0 0 0 0
Combined 0 0 0 0
Special Projects 2 32,887 2 0% 6 -67%
TOTAL 40 1,583,594 36 11% 55 -27%
Previous Month Previous Year
India 18%
Vessel Type Units Dwt Units %m-o-m Units %y-o-y
Bulk Carriers 1 3,250 0 5 -80%
Tankers 2 12,671 5 -60% 2 0%
Gas Tankers 1 4,444 1 0% 0
General Cargo/MPP 0 0 0 5 -100%
Containers 1 11,800 0 12 -92%
Reefers 1 14,933 1 0% 0
Passenger/Cruise 0 0 2 -100% 0
Ro-Ro 1 4,050 0 4 -75%
Car Carrier 0 0 0 0
Combined 0 0 0 0
Special Projects 0 0 0 6 -100%
TOTAL 7 51,148 9 -22% 34 -79%
Previous Month Previous Year
share of total Demo Activity
Bangladesh 33%
Vessel Type Units Dwt Units %m-o-m Units %y-o-y
Bulk Carriers 2 188,605 0 3 -33%
Tankers 7 408,086 6 17% 0
Gas Tankers 1 2,999 0 0
General Cargo/MPP 2 3,759 0 2 0%
Containers 0 0 0 4 -100%
Reefers 0 0 0 0
Passenger/Cruise 0 0 0 0
Ro-Ro 0 0 1 -100% 3 -100%
Car Carrier 0 0 0 0
Combined 0 0 0 0
Special Projects 1 30,126 1 0% 0
TOTAL 13 633,575 8 63% 12 8%
Previous Month Previous Year
share of total Demo Activity
GOLDEN DESTINY established since 1994 SALE & PURCHASE - MARINE INSURANCE - SHIP VALUATIONS - MARKET RESEARCH June 2021
Page 5 MONTHLY MARKET REPORT
DEMOLITION MARKET
Demo Activity per Demolition Country (Pakistan, China)
Pakistan 28%
Vessel Type Units Dwt Units %m-o-m Units %y-o-y
Bulk Carriers 0 0 1 -100% 6 -100%
Tankers 9 249,508 5 80% 1 800%
Gas Tankers 0 0 0 0
General Cargo/MPP 2 16,268 2 0% 4 -50%
Containers 0 0 0 5 -100%
Reefers 0 0 0 0
Passenger/Cruise 0 0 0 0
Ro-Ro 0 0 0 0
Car Carrier 0 0 0 0
Combined 0 0 0 0
Special Projects 0 0 0 6 -100%
TOTAL 11 265,776 8 38% 22 -50%
Previous Month Previous Year
share of total Demo Activity
China 0%
Vessel Type Units Dwt Units %m-o-m Units %y-o-y
Bulk Carriers 0 0 0 4 -100%
Tankers 0 0 0 1 -100%
Gas Tankers 0 0 0 0
General Cargo/MPP 0 0 0 3 -100%
Containers 0 0 0 4 -100%
Reefers 0 0 0 0
Passenger/Cruise 0 0 0 0
Ro-Ro 0 0 0 0
Car Carrier 0 0 0 0
Combined 0 0 0 0
Special Projects 0 0 0 6 -100%
TOTAL 0 0 0 18 -100%
Previous Month Previous Year
share of total Demo Activity
GOLDEN DESTINY established since 1994 SALE & PURCHASE - MARINE INSURANCE - SHIP VALUATIONS - MARKET RESEARCH June 2021
Page 6 MONTHLY MARKET REPORT
SPECIAL FEATURE – DRY PERIOD MARKET
Bulk Carriers Fixture Activity ( No. of Fixtures per vessel size /age and type of fixture period) CAPESIZE / POST PANAMAX/ KAMSARAMAX / PANAMAX
3-6
MONTHS
6-12
MONTHS
12-24
M0NTHS
24-36
M0NTHS
>36
MONTHS
>=2016 N/B 0 0 0 0 0 0
2011-2015 UP TO 5YRS 0 0 0 0 0 0
2006-2010 UP TO 10YRS 0 0 0 0 0 0
2001-2005 UP TO 15YRS 2 0 1 1 0 0
1996-2000 UP TO 20YRS 0 0 0 0 0 0
1986-1995 UP TO 30YRS 0 0 0 0 0 0
2 0 1 1 0 0
3-6
MONTHS
6-12
MONTHS
12-24
M0NTHS
24-36
M0NTHS
>36
MONTHS
>=2016 N/B 0 0 0 0 0 0
2011-2015 UP TO 5YRS 0 0 0 0 0 0
2006-2010 UP TO 10YRS 0 0 0 0 0 0
2001-2005 UP TO 15YRS 0 0 0 0 0 0
1996-2000 UP TO 20YRS 0 0 0 0 0 0
1986-1995 UP TO 30YRS 0 0 0 0 0 0
0 0 0 0 0 0
3-6
MONTHS
6-12
MONTHS
12-24
M0NTHS
24-36
M0NTHS
>36
MONTHS
>=2016 N/B 1 0 0 1 0 0
2011-2015 UP TO 5YRS 3 0 0 2 1 0
2006-2010 UP TO 10YRS 4 1 2 1 0 0
2001-2005 UP TO 15YRS 1 1 0 0 0 0
1996-2000 UP TO 20YRS 0 0 0 0 0 0
1986-1995 UP TO 30YRS 0 0 0 0 0 0
9 2 2 4 1 0
3-6
MONTHS
6-12
MONTHS
12-24
M0NTHS
24-36
M0NTHS
>36
MONTHS
>=2016 N/B 0 0 0 0 0 0
2011-2015 UP TO 5YRS 2 2 0 0 0 0
2006-2010 UP TO 10YRS 4 2 1 1 0 0
2001-2005 UP TO 15YRS 1 0 1 0 0 0
1996-2000 UP TO 20YRS 0 0 0 0 0 0
1986-1995 UP TO 30YRS 0 0 0 0 0 0
7 4 2 1 0 0TOTAL
TOTAL
ULTRAMAX/PANAMAX (60,000-76,999 DWT) - FIXTURES PER VESSEL'S AGE
BUILT VESSEL'S AGE
FIXTURES
NO.
FIXTURE PERIOD
TOTAL
KAMSARMAX - FIXTURES PER VESSEL'S AGE
BUILT VESSEL'S AGE
FIXTURES
NO.
FIXTURE PERIOD
TOTAL
POST PANAMAX - FIXTURES PER VESSEL'S AGE
BUILT VESSEL'S AGE
FIXTURES
NO.
FIXTURE PERIOD
BULK CARRIERS FIXTURE ACTIVITY IN JUNE 2021
CAPESIZE (120,000-219,999 DWT) - FIXTURES PER VESSEL'S AGE
BUILT VESSEL'S AGE
FIXTURES
NO.
FIXTURE PERIOD
GOLDEN DESTINY established since 1994 SALE & PURCHASE - MARINE INSURANCE - SHIP VALUATIONS - MARKET RESEARCH June 2021
Page 7 MONTHLY MARKET REPORT
SPECIAL FEATURE – DRY PERIOD MARKET
Bulk Carriers Fixture Activity ( No. of Fixtures per vessel size /age and type of fixture period) SUPRAMAX / HANDYMAX/ HANDYSIZE
3-6
MONTHS
6-12
MONTHS
12-24
M0NTHS
24-36
M0NTHS
>36
MONTHS
>=2016 N/B 0 0 0 0 0 0
2011-2015 UP TO 5YRS 0 0 0 0 0 0
2006-2010 UP TO 10YRS 1 1 0 0 0 0
2001-2005 UP TO 15YRS 2 1 1 0 0 0
1996-2000 UP TO 20YRS 0 0 0 0 0 0
1986-1995 UP TO 30YRS 0 0 0 0 0 0
3 2 1 0 0 0
3-6
MONTHS
6-12
MONTHS
12-24
M0NTHS
24-36
M0NTHS
>36
MONTHS
>=2016 N/B 0 0 0 0 0 0
2011-2015 UP TO 5YRS 0 0 0 0 0 0
2006-2010 UP TO 10YRS 0 0 0 0 0 0
2001-2005 UP TO 15YRS 0 0 0 0 0 0
1996-2000 UP TO 20YRS 0 0 0 0 0 0
1986-1995 UP TO 30YRS 0 0 0 0 0 0
0 0 0 0 0 0
3-6
MONTHS
6-12
MONTHS
12-24
M0NTHS
24-36
M0NTHS
>36
MONTHS
>=2016 N/B 0 0 0 0 0 0
2011-2015 UP TO 5YRS 1 0 1 0 0 0
2006-2010 UP TO 10YRS 4 4 0 0 0 0
2001-2005 UP TO 15YRS 4 4 0 0 0 0
1996-2000 UP TO 20YRS 1 0 1 0 0 0
1986-1995 UP TO 30YRS 0 0 0 0 0 0
10 8 2 0 0 0TOTAL
TOTAL
HANDYSIZE (22,000-37,9999 DWT) - FIXTURES PER VESSEL'S AGE
BUILT VESSEL'S AGE
FIXTURES
NO.
FIXTURE PERIOD
TOTAL
HANDYMAX (38,000-49,999 DWT) - FIXTURES PER VESSEL'S AGE
BUILT VESSEL'S AGE
FIXTURES
NO.
FIXTURE PERIOD
SUPRAMAX (50,000-59,999 DWT) - FIXTURES PER VESSEL'S AGE
BUILT VESSEL'S AGE
FIXTURES
NO.
FIXTURE PERIOD
TOTAL BULK CARRIERS FIXTURE ACTIVITY
N/B UP TO 5YRS UP TO 10YRS UP TO 15YRS UP TO 20YRS UP TO 30YRS
>=2017 2012-2016 2007-2011 2002-2006 1997-2001 1987-1996
CAPESIZE 0 0 0 2 0 0 2 0 -
POST PANAMAX 0 0 0 0 0 0 0 0 -
KAMSARMAX 1 3 4 1 0 0 9 10 -10%
PANAMAX 0 2 4 1 0 0 7 3 133%
SUPRAMAX 0 0 1 2 0 0 3 3 0%
HANDYMAX 0 0 0 0 0 0 0 0 -
HANDYSIZE 0 1 4 4 1 0 10 12 -17%
TOTAL 1 6 13 10 1 0 31 28 11%
PERIOD MARKET - TOTAL BULK CARRIERS FIXTURE ACTIVITY, JUNE 2021 Previous Month
TOTAL Units % m-o-m
GOLDEN DESTINY established since 1994 SALE & PURCHASE - MARINE INSURANCE - SHIP VALUATIONS - MARKET RESEARCH June 2021
Page 8 MONTHLY MARKET REPORT
FREIGHT MARKET PERFORMANCE
DRY MARKET-BALTIC DRY INDICES-CHARTS
BALTIC DRY INDEX / BALTIC CAPESIZE / BALTIC PANAMAX INDEX / BALTIC SUPRAMAX / BALTIC HANDYSIZE INDEX
TC AVERAGE EARNINGS – CAPESIZE / PANAMAX / SUPRAMAX / HANDYSIZE
GOLDEN DESTINY established since 1994 SALE & PURCHASE - MARINE INSURANCE - SHIP VALUATIONS - MARKET RESEARCH June 2021
Page 9 MONTHLY MARKET REPORT
FREIGHT MARKET PERFORMANCE
TANKER MARKET-BALTIC INDICES-CHARTS
BALTIC TANKER INDICES – (BALTIC CLEAN AND BALTIC DIRTY)
Summary of Baltic Indices & Average Time Charter Earnings
Dry Current Previous Change % m-o-m Jun-20 Change % y-o-y Low High
BDI 2,911 2,965 -55 -2% 1,146 1,764 154% 2,420 3,418
BCI 3,417 4,282 -864 -20% 2,267 1,150 51% 2,393 4,212
BPI 3,320 2,886 434 15% 997 2,323 233% 2,801 4,010
BSI 2,668 2,320 348 15% 598 2,070 346% 2,441 2,921
BHSI 1,396 1,265 131 10% 336 1,060 316% 1,336 1,533
Wet Current Previous Change % m-o-m Jun-20 Change % y-o-y Low High
Dirty-BDTI 596 608 -13 -2% 541 54 10% 579 624
Clean-BCTI 463 508 -46 -9% 438 25 6% 449 516
Average T/C routes Current Previous Change % m-o-m Jun-20 Change % y-o-y Low High
Capesize 28,339 35,508 -7,169 -20% 16,972 11,368 67% 19,845 34,930
Panamax 28,546 24,638 3,908 16% 7,635 20,911 274% 23,876 33,111
Supramax 29,349 25,524 3,826 15% 7,514 21,835 291% 26,852 31,885
Handy 25,128 22,776 2,352 10% 6,045 19,082 316% 24,049 27,318
Figures represent monthly average values
Jun-21
Jun-21
Jun-21