Monthly Market Report - Hellenic Shipping News Worldwide · 2019. 4. 10. · GOLDEN DESTINY established since 1994 SALE & PURCHASE - MARINE INSURANCE - SHIP VALUATIONS - MARKET RESEARCH

0

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

BDI & 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 March 2019

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 since 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

http://www.goldendestiny.com/

mailto:[email protected]

mailto:[email protected]

GOLDEN DESTINY established since 1994 SALE & PURCHASE - MARINE INSURANCE - SHIP VALUATIONS - MARKET RESEARCH March 2019

Page 1 MONTHLY MARKET REPORT

SECONDHAND MARKET - Overview of S&P Activity

Top Ranking of Buyers

m-o-m y-o-y

80% 10%No. of Vessels Changed Hands

Mar-19

117

Previous Month Mar-18

65 106

12 yrs old built 2007

20 66,613

Bulkers 160% m-o-m 30% y-o-y

Units: 52

10 yrs old built 200910

Tankers 68% m-o-m 121% y-o-y 652,330,000

Average Age of Vessels Sold: 14 yrs old built 2005 Units: 42

0

Containers 0% m-o-m -63% y-o-y 47,500,000

Average Age of Vessels Sold: 14 yrs old built 2005 Units: 6

1

61,117

100,906

S&P deals reported at an undisclosed sale price:

Average Dwt Sold:

Total Invested Capital:

S&P deals reported at an undisclosed sale price:

Average Dwt Sold:S&P deals reported at an undisclosed sale price: 37,312

Average Age of Vessels Sold (in Total): Total Invested Capital: 1,291,120,000

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: 509,930,000

Bulkers No. of S&P deals Average Dwt Average Built

VLOC - - -

Newcastlemax - - -

Capesize - - -

Post Panamax 1 91,765 2002

Kamsarmax 8 81,421 2015

Panamax 12 76,610 2005

Ultramax 8 62,290 2015

Supramax 10 57,135 2010

Handymax 2 47,303 1998

Handysize 5 36,199 2013

Handy 6 28,394 2003

Small - - -

Tankers No. of S&P deals Average Dwt Average Built

VLCC 7 301,776 2001

Suezmax 2 159,792 1999

Aframax 7 106,621 2003

Panamax 2 74,848 2009

MR/Handymax 18 44,997 2008

Handy 4 22,212 2005

Small 2 5,597 2010

Containers No. of S&P deals Average Dwt Average Built

ULCV - - -

Neopanamax - - -

Post-Panamax - - -

Panamax 2 73,877 2004

Feedermax 1 32,878 2006

Feeder 3 14,413 2005

Small feeder - - -

Secondhand Buying Trends (S&P Activity Reported per Vessel Size - Current Month)



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 52 3,178,076 509,930,000 10 1 20 160% 40 30%

Tankers 42 4,238,048 652,330,000 0 1 25 68% 19 121%

Gas Tankers 6 116,770 66,000,000 2 0 3 100% 8 -25%

General Cargo/MPP 1 9,851 4,800,000 0 0 0 5 -80%

Containers 6 223,871 47,500,000 1 0 6 0% 16 -63%

Reefers 0 0 0 0 0 0 0

Passenger/Cruise 1 48 0 1 0 0 1 0%

Ro-Ro 1 7,600 2,810,000 0 0 1 0% 0

Car Carrier 0 0 0 0 0 0 0

Combined 0 0 0 0 0 0 0

Special Projects 8 19,500 7,750,000 6 0 10 -20% 17 -53%

TOTAL 117 7,793,764 1,291,120,000 20 2 65 80% 106 10%

GREEK PRESENCE 14% share to the total S&P Activity

Vessel Purchases (Secondhand Market)


Bulk Carriers 6 411,450 96,400,000 0 0 2 200% 9 -33%

Tankers 6 607,240 127,330,000 0 0 0 7 -14%

Gas Tankers 0 0 0 0 0 0 0

General Cargo/MPP 0 0 0 0 0 0 0

Containers 2 147,754 21,600,000 0 0 2 0% 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


Combined 0 0 0 0 0 0 0

Special Projects 2 2,400 0 2 0 1 100% 0

TOTAL 16 1,168,844 245,330,000 2 0 5 220% 16 0%

CHINESE PRESENCE 17% share to the total S&P Activity

Vessel Purchases (Secondhand Market)


Bulk Carriers 16 1,078,481 94,600,000 7 0 4 300% 13 23%

Tankers 1 298,414 24,250,000 0 0 0 2 -50%

Gas Tankers 1 6,634 0 1 0 0 1 0%

General Cargo/MPP 0 0 0 0 0 0 0

Containers 2 25,293 16,400,000 0 0 1 100% 1 100%

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


Combined 0 0 0 0 0 0 0

Special Projects 0 0 0 0 0 0 0

TOTAL 20 1,408,822 135,250,000 8 0 5 300% 17 18%

Previous Year

Previous Month Previous Year

Previous YearPrevious Month

Previous Month



DEMOLITION MARKET - Overview of Demo Activity

Top Ranking of Demo Countries

m-o-m y-o-y

17% -32%No. of Vessel Demolitions 41 35 60

Mar-19 Previous Month Mar-18

Average Age of Vessels Scrapped: 27 yrs old built 1992

56,805

Bulkers 11% m-o-m 43% y-o-y

Units: 10

25.3 yrs old built 1994 140,590

Tankers -50% m-o-m -91% y-o-y

Units: 2

40 yrs old built 1979 3,544

Containers 33% m-o-m 300% y-o-y 465,256

Units: 12

20 yrs old built 1999 38,771

Total Deadweight:

Total Deadweight:

Total Deadweight:

Total Deadweight:

Average Age of Vessels Scrapped: Average Dwt :

2,328,988

1,405,896

Average Dwt :

Average Age of Vessels Scrapped:

Average Age of Vessels Scrapped:

7,088

Average Dwt :

Average Dwt :

Demolition Trends (Scrapping Activity Reported per Vessel Size - Current Month)

Bulkers No. of Demolitions Average Dwt Average Built

VLOC - - -

Newcastlemax 2 276,486 1992

Capesize 4 165,227 1998

Post Panamax - - -

Panamax 2 67,261 1986

Handymax 1 45,792 2000

Handysize - - -

Handy 1 11,702 1990

Small - - -

Tankers No. of Demolitions Average Dwt Average Built

VLCC - - -

Suezmax - - -

Aframax - - -

Panamax - - -

MR/Handymax - - -

Handy - - -

Small 2 3,544 1979

Containers No. of Demolitions Average Dwt Average Built

ULCV - - -

Neopanamax - - -

Post-Panamax - - -

Panamax 4 65,537 2006

Feedermax 2 40,748 1998

Feeder 6 20,269 1995

Small feeder - - -



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 10 1,405,896 9 11% 7 43%

Tankers 2 7,088 4 -50% 22 -91%

Gas Tankers 2 77,456 0 2 0%

General Cargo/MPP 2 65,609 1 100% 5 -60%

Containers 12 465,256 9 33% 3 300%

Reefers 2 23,477 0 3 -33%

Passenger/Cruise 1 4,322 2 -50% 2 -50%

Ro-Ro 2 17,746 3 -33% 1 100%

Car Carrier 0 0 0 0

Combined 0 0 0 0

Special Projects 8 262,138 7 14% 15 -47%

TOTAL 41 2,328,988 35 17% 60 -32%


India 20%


Bulk Carriers 1 11,702 2 -50% 0

Tankers 1 5,858 0 4 -75%

Gas Tankers 1 9,996 0 2 -50%

General Cargo/MPP 0 0 0 3 -100%

Containers 3 122,530 2 50% 0

Reefers 2 23,477 0 1 100%

Passenger/Cruise 0 0 0 2 -100%

Ro-Ro 0 0 1 -100% 0

Car Carrier 0 0 0 0

Combined 0 0 0 0

Special Projects 0 0 1 -100% 3 -100%

TOTAL 8 173,563 6 33% 15 -47%


share of total Demo Activity

Bangladesh 41%


Bulk Carriers 6 902,433 6 0% 2 200%

Tankers 0 0 2 -100% 10 -100%

Gas Tankers 1 67,460 0 0

General Cargo/MPP 2 65,609 0 2 0%

Containers 5 195,028 3 67% 1 400%

Reefers 0 0 0 0

Passenger/Cruise 1 4,322 0 0

Ro-Ro 1 5,517 1 0% 1 0%

Car Carrier 0 0 0 0

Combined 0 0 0 0

Special Projects 1 1,000 1 0% 1 0%

TOTAL 17 1,241,369 13 31% 17 0%





DEMOLITION MARKET

Demo Activity per Demolition Country (Pakistan, China)

Pakistan 0%


Bulk Carriers 0 0 0 4 -100%

Tankers 0 0 1 -100% 1 -100%

Gas Tankers 0 0 0 0

General Cargo/MPP 0 0 0 0

Containers 0 0 0 0

Reefers 0 0 0 0

Passenger/Cruise 0 0 1 -100% 0

Ro-Ro 0 0 0 0

Car Carrier 0 0 0 0

Combined 0 0 0 0

Special Projects 0 0 1 -100% 1 -100%

TOTAL 0 0 3 -100% 6 -100%



China 0%


Bulk Carriers 0 0 0 0

Tankers 0 0 0 0

Gas Tankers 0 0 0 0

General Cargo/MPP 0 0 0 0

Containers 0 0 0 1 -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 0

TOTAL 0 0 0 1 -100%





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 3 0 1 2 0 0

2006-2010 UP TO 10YRS 4 0 1 3 0 0

2001-2005 UP TO 15YRS 1 0 0 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

8 0 2 6 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 0 0 0 0 0 0

2006-2010 UP TO 10YRS 3 1 0 2 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

3 1 0 2 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 1 0 0 0 0

2006-2010 UP TO 10YRS 0 0 0 0 0 0

2001-2005 UP TO 15YRS 4 2 1 1 0 0

1996-2000 UP TO 20YRS 1 0 1 0 0 0

1986-1995 UP TO 30YRS 0 0 0 0 0 0

6 3 2 1 0 0

BULK CARRIERS FIXTURE ACTIVITY IN MARCH 2019

CAPESIZE (120,000-219,999 DWT) - 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

TOTAL

KAMSARMAX - FIXTURES PER VESSEL'S AGE

BUILT VESSEL'S AGE

FIXTURES

NO.

FIXTURE PERIOD

TOTAL

ULTRAMAX/PANAMAX (60,000-76,999 DWT) - FIXTURES PER VESSEL'S AGE

BUILT VESSEL'S AGE

FIXTURES

NO.

FIXTURE PERIOD

TOTAL



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 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 0 0 0 0 0 0

2006-2010 UP TO 10YRS 1 1 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

1 1 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 1 0 0 0 0

2006-2010 UP TO 10YRS 2 2 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

3 3 0 0 0 0

SUPRAMAX (50,000-59,999 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

TOTAL

TOTAL

HANDYSIZE (22,000-37,9999 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 3 4 1 0 0 8 11 -27%

POST PANAMAX 0 0 0 0 0 0 0 0 -

KAMSARMAX 0 0 3 0 0 0 3 3 0%

PANAMAX 0 1 0 4 1 0 6 7 -14%

SUPRAMAX 0 0 0 0 0 0 0 2 -100%

HANDYMAX 0 0 1 0 0 0 1 0 0%

HANDYSIZE 0 1 2 0 0 0 3 0 -

TOTAL 0 5 10 5 1 0 21 23 -9%

PERIOD MARKET - TOTAL BULK CARRIERS FIXTURE ACTIVITY,MARCH 2019 Previous Month

TOTAL Units % m-o-m



FREIGHT MARKET PERFORMANCE DRY MARKET-BALTIC DRY INDICES-CHARTS

BALTIC DRY INDEX / BALTIC CAPESIZE / BALTIC PANAMAX INDEX / BALTIC SUPRAMAX / BALTIC HANDYSIZE INDEX

BDI & TC AVERAGE EARNINGS – CAPESIZE / PANAMAX / SUPRAMAX / HANDYSIZE



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 Mar-18 Change % y-o-y Low High

BDI 680 1,125 -444 -39% 1,152 -472 -41% 645 730

BCI 300 1,640 -1,339 -82% 1,309 -1,009 -77% 150 520

BPI 946 1,344 -399 -30% 1,576 -630 -40% 823 1,102

BSI 797 862 -65 -8% 1,065 -268 -25% 759 833

BHSI 436 531 -95 -18% 621 -185 -30% 393 467

Wet Current Previous Change % m-o-m Mar-18 Change % y-o-y Low High

Dirty-BDTI 719 648 71 11% 651 68 10% 648 774

Clean-BCTI 629 621 8 1% 571 58 10% 575 744

Average T/C routes Current Previous Change % m-o-m Mar-18 Change % y-o-y Low High

Capesize 4,662 12,846 -8,184 -64% 10,373 -5,711 -55% 3,763 6,387

Panamax 7,599 10,782 -3,183 -30% 12,642 -5,043 -40% 6,627 8,813

Supramax 8,863 9,787 -924 -9% 11,797 -2,934 -25% 8,434 9,298

Handy 6,416 7,761 -1,345 -17% 9,130 -2,714 -30% 5,728 6,927

Mar-19

Mar-19

Mar-19

Documents

Monthly Market Report - Hellenic Shipping News Worldwide · 2019. 4. 10. · GOLDEN DESTINY established since 1994 SALE & PURCHASE - MARINE INSURANCE - SHIP VALUATIONS - MARKET RESEARCH