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WEEKLY SHIPPING MARKET REPORT - pg. 1
Week 19 (1st May to 8th May 2020)
Bulkers
Following the sale of the Supramax “Conti Peridot” 57/2011 Taizhou Sanfu, China at USD 7,1 mill, Conti have sold as well their “Amazonit” 57/2011 Jiangsu Hantong, China (SS/DD 04/2021) for USD low 7 mill. Moreover, the Japanese built “Royal Epic” 56/2008 Mitsui Tamano, Japan (SS/DD 04/2021) of Tokei Kaiun was committed to Indonesian buyers at USD 7,8 mill while last month, M/V “Yvonne” 57/2008 IHI, Japan was sold at levels USD 9,5 mill. Furthermore, Franser Shipping sold their M/V “Taurus Two” 54/2006 Yangzhou Dayang, China (SS/DD 08/2021) to undisclosed buyers at a price of USD 4,8 mill, with last done the one-year-older “Novo Mesto” 54/2005 Zhejiang, China at USD 6,3 mill which was sold in February. Asia Maritime Pacific are on subs to sell their two Handysize sister vessels “Asia Pearl III” 35/2010 Nantong, China (SS/DD 07/2020) & “Asia Pearl IV” 35/2010 Nantong, China (SS/DD 07/2020) to Greek buyers at USD 5,2 mill each. Previous similar sale of the above was a month ago, when the smaller M/V “Pacific Legend” 33/2010 Nanjing Dongze, China was sold for USD 6 mill. In addition, M/V “Lovely Klara” 28/2002 Minami-Nippon, Japan (DD 05/2020) is being reported sold at USD low 4 mill to Vietnamese buyers Fgas Petrol.
Tankers
A Joint Venture between Top Ships & Gunvor has acquired two MR sister vessels, “Eco Joshua Park” 50/2020 Hyundai Mipo, Korea (DD 03/2023) & “Eco Yosemite Park” 50/2020 Hyundai Mipo, Korea (DD 03/2023) at a price of USD 27 mill each with 5+2 years T/C to Clearlake. Glencore have sold their BWTS fitted MR “Glenda Meredith” 46/2010 Hyundai Mipo, Korea (SS/DD passed) to Monaco based buyers Transocean at USD 19 mill. Remind you that the one-year-older Japanese built “Jal Anant” 47/2009 Naikai Zosen, Japan was sold in March at a price of USD 15 mill. After failing her sale in March at USD 15 mill, MR “Rhino” 40/2010 Sls, Korea (SS/DD 08/2020) has been committed to Greek buyers Medcare Shipping at USD 15,25 mill. For comparison, the two-years-older M/T “Inyala” 40/2008 Sls, Korea (SS 03/2023, DD 08/2020) was sold in March for USD 14,5 mill.
Baltic Indices
INDEX 7-May 1-May ± (%)
BDI 514 617 -16,69%
BCI 461 820 -43,78%
BPI 667 704 -5,26%
BSI 423 413 2,42%
BHSI 228 239 -4,60%
Daily T/C Avg 7-May 1-May ± (%)
Capesize $ 4.858 $ 7.263 -33,11%
Kamsarmax $ 5.999 $ 6.337 -5,33%
Panamax $ 4.663 $ 5.001 -6,76%
Supramax $ 4.657 $ 4.543 2,51%
Handysize 38 $ 4.110 $ 4.305 -4,53%
INDEX 7-May 1-May ± (%)
BDTI 863 1.105 -21,90% BCTI 1.163 1.687 -31,06%
-1.000
0
1.000
2.000
3.000
4.000Bulkers
B.D.I B.C.I B.P.I. B.S.I. B.H.S.I.
0
400
800
1.200
1.600
2.000
2.400
Tankers
BDTI BCTI
WEEKLY SHIPPING MARKET REPORT WEEK 19
WEEKLY SHIPPING MARKET REPORT - pg. 2
Week 19 (1st May to 8th May 2020)
Capesize
Week 19 saw iron ore rates on the West Australia / China route climbing in
the low usd 4.00’s fio range. No period activity to report here.
Kamsarmax / Panamax
North Pacific rounds continued rating primarily in the usd 5,000/5,500 pd
range. A number of Indonesian trips into China were reported fixed in the
usd 4,000/5,000 pd range. A number of Australian trips into China were
reported at the level of usd 7,000 pd. Inter-Continental trips with coal were
fixed around usd 5,000/5,500 pd. Continental trips into China via South
America were reported at the level of usd 11,000/12,000 pd. North Coast
South American trips into Continent were fixed around usd 4,000/6,000 pd
range. South American trips into China were reported at the level of usd
11,000/12,000 pd plus ballast bonus at the usd 100K/200K. No period
activity to report here.
Ultramax / Supramax
A number of Indonesian trips into China were reported fixed at the level of
usd 5,000 pd. Indian trips into China were fixed around usd 6,000/7,000 pd.
South African trips into China were reported at the level of usd 11,000 plus
ballast bonus at the usd 110K. Continental trips into Mediterranean were
fixed around usd 4,000 pd. Continental trips into South America were
reported at the level of usd 3,000 pd. Period fixture for an Ultramax at the
usd 5,500 pd for the first 60 days and usd 9,400 pd thereafter for 4/7 months
employment basis delivery in the Pacific.
Handymax / Handysize
A generally quiet week for this segment. Mediterranean trip into West Africa
with bagged cement was reported at the level of usd 5,500 pd. Continental
trip into West Africa was fixed around usd 3,500 pd. South American trips
into US Gulf with steels were reported at the level of usd 3,000 pd. No period
activity to report here.
0
5.000
10.000
15.000
20.000
25.000
30.000
$/d
ay
Capesize
0
2.000
4.000
6.000
8.000
10.000
12.000
$/d
ay
Panamax
0
2.000
4.000
6.000
8.000
10.000
$/d
ay
Supramax
0
2.000
4.000
6.000
8.000
10.000
12.000
$/d
ay
Handysize 38k
DRY BULK COMMENTARY
WEEKLY SHIPPING MARKET REPORT - pg. 3
Week 19 (1st May to 8th May 2020)
Bulk Carriers
Type Name Dwt YoB Yard SS M/E Gear Price Buyer Comments
Supramax Amazonit 56.952 2011
Jiangsu
Hantong,
China
04/2021 MAN-B&W 4x30T Low $ 7m Undisclosed
Supramax Royal Epic 56.026 2008
Mitsui
Tamano,
Japan
04/2021 MAN-B&W 4x30T $ 7,8m Indonesian
Supramax Taurus Two 53.630 2006
Yangzhou
Dayang,
China
08/2021 MAN-B&W 4x35T $ 4,8m Undisclosed
Handysize Asia Pearl
IV 35.220 2010
Nantong,
China 07/2020 MAN-B&W 4x30,5T $ 5,2m
Greek On subs
Handysize Asia Pearl
III 35.217 2010
Nantong,
China 07/2020 MAN-B&W 4x30,5T $ 5,2m
Handysize Lovely Klara 28.186 2002
Minami-
Nippon,
Japan
04/2022 Mitsubishi 4x30T Low $ 4m Vietnamese
(Fgas Petrol) DD 05/2020
Small Squamish 18.920 2009 Yamanishi,
Japan 07/2024 MAN-B&W 3x30,5T
Region
$ 6,5m
Middle
Eastern Box holds
Tankers
Type Name Dwt YoB Yard SS M/E Price Buyer Comments
Suezmax Maharaja
Agrasen 147.467 1995 Hyundai, Korea 01/2020 B&W Undisclosed Undisclosed
Laid up
condition
MR SAMSUNG
2282 50.000 2020 Samsung, Korea
MAN-
B&W Undisclosed Korean (KSS Line)
Incl. 5 years
T/C to GS
Caltex
MR Eco Joshua
Park 49.999 2020
Hyundai Mipo,
Korea 03/2025
MAN-
B&W $ 27m
JV of Top Ships &
Gunvor
5+2 years T/C
to Clearlake MR
Eco Yosemite
Park 49.999 2020
Hyundai Mipo,
Korea 03/2025
MAN-
B&W $ 27m
MR Glenda
Meredith 46.147 2010
Hyundai Mipo,
Korea 02/2025
MAN-
B&W $ 19m
Monaco based
(Transocean)
BWTS fitted,
SS/DD passed
MR Rhino 39.710 2010 Sls, Korea 08/2020 MAN-
B&W $ 15,25m
Greek (Medcare
Shipping)
Gas
Type Name Dwt YoB Yard SS M/E Cbm Price Buyer Comments
LPG Cresques 54.656 2015 Daewoo,
Korea 09/2020 MAN-B&W 82.464 $ 71,5m Japanese
12 years
leaseback
REPORTED SALES
WEEKLY SHIPPING MARKET REPORT - pg. 4
Week 19 (1st May to 8th May 2020)
Indicative Demolition Prices
Country Price $/ldt
Bu
lke
rs
India -
Bangladesh -
Pakistan -
Turkey -
Tan
kers
India -
Bangladesh -
Pakistan -
Turkey -
Demolition Sales
Type Vessel Dwt YoB Ldt Price $/ldt Country Comments
General Cargo Zea Hamburg 29.980 2002 12.254 300 India “As Is” Mumbai, Incl. 150T
bunkers
General Cargo Zea Jakarta 29.901 2003 12.234 300 India “As Is” Mumbai, Incl. 150T
bunkers
Ro-Ro Jingu 17.216 1992 11.404 285 India NK recycling, Incl. 500T
bunkers ROB
180
200
220
240
260
280
300
$/l
dt
Tankers
Turkey
180
200
220
240
260
280
300
$/l
dt
Bulkers
Turkey
320
340
360
380
400
420
440
460
$/l
dt
Tankers
India Bangladesh Pakistan
320
340
360
380
400
420
440
460$
/ld
t
Bulkers
India Bangladesh Pakistan
DEMOLITION
WEEKLY SHIPPING MARKET REPORT - pg. 5
Week 19 (1st May to 8th May 2020)
Bulk Carriers
Units Dwt Yard Delivery Price Owner Comments
1+1 82.000 Jiangsu Yangzijiang, China 2021 $ 26m Hong Kong based (Ocean Longevity)
Tankers
Units Dwt Yard Delivery Price Owner Comments
1 158.000 New Times, China 2022 Undisclosed Greek (Dynacom)
2 50.000 Onomichi, Japan 2022 Undisclosed Japanese (Asahi Tanker)
Gas
Units Cbm Yard Delivery Price Owner Comments
3+3 174.000 Hudong Zhonghua, China 2022/2023 $ 185m Chinese (JV between CSET & PetroChina)
LNG
3+2 5.000 CIMC Sinopacific, China 2022 $ 23m German (Hartmann) LPG, Dual fuel
propulsion
NEWBUILDING
WEEKLY SHIPPING MARKET REPORT - pg. 6
Week 19 (1st May to 8th May 2020)
0
10
20
30
40
50
2216,5
8,55,5
16,5
117
27
19,5
139
3023
49,5
27
21
12,5
Mill
ion
US$
BulkersCapesize
Kamsarmax
Panamax
Ultramax
Supramax
Handysize
Prompt Resale 5 years 10 years 15 years
0
20
40
60
80
100
3930
1912
5642,5
2817
70
53
37,5
24
100
75
52
40
Mill
ion
US$
Tankers
VLCC
Suezmax
Aframax
MR
Prompt Resale 5 years 10 years 15 years
Bulkers Tankers
Size Age Week
19 Week
18 ± %
Size Age
Week 19
Week 18
± %
Capesize 180k Resale 49,5 50 -1,00% VLCC 310k Resale 100 102 -1,96%
Capesize 180k 5 years 27 27 0,00% VLCC 310k 5 years 75 77 -2,60%
Capesize 180k 10 years 21 21 0,00% VLCC 300k 10 years 52 52 0,00%
Capesize 170k 15 years 12,5 13 -3,85% VLCC 300k 15 years 40 37,5 6,67%
Kamsarmax 82k Resale 30 30 0,00% Suezmax 160k Resale 70 70 0,00%
Kamsarmax 82k 5 years 23 23 0,00% Suezmax 160k 5 years 53 53 0,00%
Panamax 76k 10 years 13 13 0,00% Suezmax 150k 10 years 37,5 37,5 0,00%
Panamax 74k 15 years 9 9,5 -5,26% Suezmax 150k 15 years 24 23,5 2,13%
Ultramax 63k Resale 27 27 0,00% Aframax 110k Resale 56 56 0,00%
Ultramax 61k 5 years 19,5 20 -2,50% Aframax 110k 5 years 42,5 42,5 0,00%
Supramax 58k 5 years 16,5 16,5 0,00% Aframax 105k 10 years 28 31 -9,68%
Supramax 56k 10 years 11 12 -8,33% Aframax 105k 15 years 17 19 -10,53%
Supramax 52k 15 years 7 8 -12,50% MR 52k Resale 39 40 -2,50%
Handysize 38k Resale 22 22,5 -2,22% MR 51k 5 years 30 31 -3,23%
Handysize 37k 5 years 16,5 17 -2,94% MR 47k 10 years 19 20 -5,00%
Handysize 32k 10 years 8,5 9 -5,56% MR 45k 15 years 12 12 0,00%
Handysize 28k 15 years 5,5 5,5 0,00%
INDICATIVE PRICES
WEEKLY SHIPPING MARKET REPORT - pg. 7
Week 19 (1st May to 8th May 2020)
Currencies Currency 7-May 30-Apr ± (%)
EUR / USD 1,0834 1,0955 -1,10% USD / JPY 106,28 107,18 -0,84%
USD / KRW 1.224,98 1.204,44 1,71% NOK / USD 0,0976 0,0976 0,00%
Commodities Commodity 7-May 30-Apr ± (%)
Brent Crude (BZ) 29,46 25,27 16,58% WTI Crude Oil (WTI) 23,55 18,84 25,00%
Natural Gas (NG) 1,89 1,95 -3,08% Gold (GC) 1.725,80 1.694,20 1,87%
Copper (HG) 2,38 2,37 0,42% Wheat (W) 522,50 516,50 1,16%
1,06
1,08
1,10
1,12
1,14
1,16
EUR / USD
-40
-20
0
20
40
60
80
$/b
bl
Oil PricesBrent Crude
WTI Crude
KEY INDICATORS
WEEKLY SHIPPING MARKET REPORT - pg. 8
Week 19 (1st May to 8th May 2020)
Stock Prices – Shipping Companies
Company Stock Exchange 7-May 30-Apr ± (%) Diana Shipping Inc (DSX) NYSE 1,82 1,88 -3,19% Euroseas Ltd (ESEA) NASDAQ 2,18 2,35 -7,23% Eagle Bulk Shipping Inc (EGLE) NASDAQ 1,55 1,68 -7,74% Navios Maritime Holdings Inc (NM) NYSE 2,01 2,37 -15,19% Navios Maritime Partners LP (NMM) NYSE 7,34 8,72 -15,83% Star Bulk Carriers Corp (SBLK) NASDAQ 4,90 5,67 -13,58% Seanergy Maritime Holdings Corp (SHIP) NASDAQ 0,14 0,15 -6,67% Safe Bulkers Inc (SB) NYSE 0,96 1,04 -7,69% Golden Ocean Group Ltd (GOGL) NASDAQ 3,13 3,80 -17,63%
Stock Prices - Wet
Company Stock Exchange 7-May 30-Apr ± (%) Capital Product Partners LP (CPLP) NASDAQ 8,00 9,73 -17,78% TOP Ships Inc (TOPS) NASDAQ 0,20 0,23 -13,04% Tsakos Energy Navigation Ltd (TNP) NYSE 2,82 3,45 -18,26%
Stock Prices - Other
Company Stock Exchange 7-May 30-Apr ± (%) Danaos Corp (DAC) NYSE 3,94 4,77 -17,40% StealthGas Inc (GASS) NASDAQ 2,51 2,73 -8,06% Rio Tinto PLC (RIO) NYSE 45,80 46,19 -0,84% Vale SA (VALE) NYSE 7,93 8,25 -3,88% Archer-Daniels-Midland Co (ADM) NYSE 34,76 37,14 -6,41% BHP Group Ltd (BHP) NYSE 40,44 40,68 -0,59%
SHIPPING INDICATIVE SHARE VALUE
WEEKLY SHIPPING MARKET REPORT - pg. 9
Week 19 (1st May to 8th May 2020)
ADVANCED SHIPPING & TRADING S.A.
Vouliagmenis Avenue 168, 1st Floor,
Glyfada 16674, Greece
Tel: +30 210 30 03 000
Fax: +30 210 30 01 305
Sale & Purchase Department: Capt. Fountoglou Michalis Mob: +30 6947 70 07 18 Thermos Stavros Mob: +30 6944 24 20 20
Harrington James Mob: +44 7768 10 45 33
Papoutsis George Mob: +30 6951 00 51 65
Balpakakis Manolis Mob: +30 6955 47 77 72
Chrousalas Thanasis Mob: +30 6955 47 77 73
Landrakis Stelios Mob: +30 6955 47 77 74
Bilias Tasos Mob: +30 6955 47 77 71
Kontaratos Alkis Mob: +30 6949 19 11 79
Markoutsa Nela Mob: +30 6959 99 85 10
Roussos Pantelis Mob: +30 6955 19 57 42
Mylona Irini Mob: +30 6951 97 60 02
Grigoriou Nikos Mob: +30 6946 85 89 29
Operations Department:
Katsouli Fotini Mob: +30 6942 54 23 57
Chief Executive Consultant:
Capt. Galonis Dimitrios Mob: +30 6945 55 36 81
E-mail: [email protected]
E-mail: [email protected]
E-mail: [email protected]
E-mail: [email protected]
Dry Cargo Chartering Department:
Pittas Jordan Mob: +30 6944 05 27 46
Benetos Kostas Mob: +30 6943 29 32 13
Filippis Dimitris Mob: +30 6949 19 58 96
Veronikis Spyros Mob: +30 6946 28 07 21
Paraskevopoulou Mina Mob: +30 6949 37 47 06
Dienis Angelos Mob: +30 6951 82 94 48
Ploumpis Stefanos Mob: +30 6951 00 24 36
Drakas Steve Mob: +30 6944 32 60 21
Petrou Viky Mob: +30 6983 32 55 69
Research Department:
Avdikos Alexandros Mob: +30 6979 49 91 78
Liadi Ioanna Mob: +30 6946 75 59 10
Liadi Artemis Mob: +30 6956 58 41 49
Accounting Department: Stergiou Kostas Mob: +30 6942 09 73 10 Administration Department: Chronopoulou Fenia Mob: +30 6932 34 94 50
“ THINK BIG ” Legal Disclaimer The information contained herein has been obtained by various sources. Although every effort has been made to ensure that this information is accurate, complete and up-to-date, Advanced Shipping & Trading S.A. does not accept any responsibility whatsoever for any loss or damage occasioned or claimed, upon reliance on the information, opinions and analysis contained in this report. Research compiled by: Advanced Shipping & Trading S.A. Market Research on behalf of the Sale & Purchase, Dry Cargo Chartering and Tanker Chartering Departments. For any questions, please contact: [email protected]
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