WEEKLY SHIPPING MARKET REPORT WEEK 26 · 2020-06-28 · WEEKLY SHIPPING MARKET REPORT - pg. 6 Week 26 (19th Jun to 26th Jun 2020) 0 10 20 30 40 50 20,5 15 8 5 15,5 10,5 6,5 27 19

WEEKLY SHIPPING MARKET REPORT - pg. 1

Week 26 (19th Jun to 26th Jun 2020)

Bulkers

Alpha Bulkers have sold the Capesize “Alpha Era” 170/2000 Sasebo, Japan (SS/DD 06/2020) to Chinese buyers Fujian Ocean for a price of USD 7,8 mill. For reference, M/V “Aquaglory” 171/2003 Sasebo, Japan (SS 07/2023, DD 07/2021) was sold last week at levels USD 9,7 mill.

Union Carriers’ BWTS fitted Panamax “Harrow” 77/2005 Sasebo, Japan (SS/DD passed) was committed to Greek buyers for USD mid 8 mill, while “Navios Northern Star” 75/2005 Universal, Japan (SS/DD 07/2020) of Navios Maritime Holdings was sold to Chinese buyers at region USD 7 mill. Latest similar sale was concluded earlier this month, the three-years-older “Lucky Star” 77/2002 Imabari, Japan (SS/DD 02/2022) at USD 6,45 mill basis DD passed.

French owners CNN have sold their Supramax “Suprastar” 57/2011 Qingshan, China (SS/DD 01/2021) to Greek buyers at USD low 7 mill. For comparison, the one-year-younger “Aragonit” 57/2012 Jiangsu Hantong, China (SS/DD 05/2022) was sold a couple of weeks ago for USD 8,2 mill.

Nisshin Shipping have committed their two BWTS fitted Handysize vessels “NY Trader I” 38/2014 Imabari, Japan (SS 05/2024, DD 03/2022) & “NY Trader II” 37/2014 Onomichi, Japan (SS 09/2024, DD 08/2022) to Greek buyers for USD 25 mill enbloc. Remind you that last month, the one-year-younger Tsuneishi Cebu built sister vessels “Sharpnes” & “Swiftnes” 36/2015 Tsuneishi Cebu, Philippines were sold for USD 26 million enbloc basis SS/DD passed & BWTS fitted.

Moreover, the smaller Handysise “Global Trinity” 28/2011 Imabari, Japan (SS/DD 05/2021) of Santoku Senpaku was committed to Greek buyers at levels USD 6,6 mill whilst her one-year-older sister vessel “Wave Friend” 28/2010 Imabari, Japan (SS 01/2025, DD 06/2022) was sold three weeks ago at USD 6,4 mill.

Tankers

Two Aframax sales have emerged this week which apparently were sold privately in early June. Minerva Marine sold the “Minerva Zenia” 106/2002 Daewoo, Korea (SS 04/2022, DD 08/2020) & “Minerva Alexandra” 105/2000 Samsung, Korea (SS/DD passed) to UAE buyers at region USD 24 mill enbloc (region USD 13 mill & region USD 11 mill respectively). Note that, at that time, M/T “Torm Kristina” 105/1999 Halla, Korea was sold at USD 10 mill.

Baltic Indices

INDEX 26-Jun 19-Jun ± (%)

BDI 1.749 1.555 12,48%

BCI 4.219 3.819 10,47%

BPI 1.256 1.178 6,62%

BSI 678 657 3,20%

BHSI 389 363 7,16%

Daily T/C Avg 26-Jun 19-Jun ± (%)

Capesize $ 29.641 $ 25.511 16,19%

Kamsarmax $ 11.306 $ 10.603 6,63%

Panamax $ 9.970 $ 9.267 7,59%

Supramax $ 7.460 $ 7.230 3,18%

Handysize 38 $ 7.008 $ 6.533 7,27%

INDEX 26-Jun 19-Jun ± (%)

BDTI 467 509 -8,25% BCTI 407 401 1,50%

-1.000

0

1.000

2.000

3.000

4.000

5.000Bulkers

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 26



Capesize

Iron ore rates on the West Australia / China route continued throughout

Week 26 at the level of high usd 8,00’s fio. A number of round trips on the

same route were reported around usd 28,000 pd levels. Usd 17,900 pd on a

Capesize for 5/7 months employment basis delivery in the Pacific.

Kamsarmax / Panamax

A number of Indonesian and Australian trips into China were reported at

around usd 10,000/11,000 pd levels. A number of Indonesian and Australian

trips into India were fixed at the level of usd 9,000/10,000 pd. South East

Asian trips into India via South Africa were reported at the level of usd

14,000 pd. West African trips into Continent with bauxite were reported at

around usd 8,000 pd levels. Inter-Continental trips via Baltic with coal were

fixed around usd 12,000/13,000 pd. Continental trips into China via US Gulf

and Suez with grains were reported at the level of usd 16,500 pd. US Gulf

trips into Continent were fixed around usd 17,000 pd. South American trips

into Continent were reported at the level of usd 13,000/14,000 pd. South

American trips into China were fixed around usd 12,000/13,000 pd basis

delivery in the Pacific. Usd 13,850 pd on a Kamsarmax for 6/9 months

employment basis delivery in the Pacific.

Ultramax / Supramax

A number of Indonesian trips into China were reported at the level of usd

10,000 pd. South East Asian trips into China via India were reported around

usd 10,000/11,000 pd. A number of Indian trips into China were fixed around

usd 15,000/16,000 pd. Usd 8,500 pd on a Supramax for 2/3 laden legs basis

delivery in the Pacific. Continental trips into West Africa via Baltic were

reported at the level of usd 11,250 pd. US Gulf trips into Japan with grains

were fixed around usd 17,000 pd without any ballast bonus. Usd 12,000 pd

on an Ultramax for 3/5 months employment basis delivery in the Atlantic.

Usd 13,000 pd on a Supramax for 4/6 months employment basis delivery in

the Pacific.

Handymax / Handysize

A Lange Handysize was reported on a South America into Black Sea at the

usd 9,500 pd. Usd 8,000 pd basis delivery West Coast South America for a

Handysize into US West Coast with salt. 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

$/d

ay

Handysize 38k

DRY BULK COMMENTARY



Bulk Carriers

Type Name Dwt YoB Yard SS M/E Gear Price Buyer Comments

Capesize Alpha Era 170.387 2000 Sasebo, Japan 06/2020 B&W - $ 7,8m

Chinese

(Fujian

Ocean)

Panamax Harrow 76.752 2005 Sasebo, Japan 01/2025 B&W - Mid $ 8m Greek BWTS fitted

Panamax Qi Xiang 21 75.704 2011 Shanghai,

China 02/2021

MAN-

B&W -

Mid-High

$ 13m Chinese

Panamax

Navios

Northern

Star

75.395 2005 Universal,

Japan 07/2020 B&W -

Region

$ 7m Chinese

Supramax Suprastar 57.000 2011 Qingshan,

China 01/2021

MAN-

B&W 4x30T Low $ 7m Greek

Handysize NY Trader I 38.271 2014 Imabari, Japan 05/2024 MAN-

B&W 4x30,5T

$ 25m

enbloc Greek BWTS fitted

Handysize NY Trader II 37.054 2014 Onomichi,

Japan 09/2024 Mitsubishi 4x30T

Handysize Global

Trinity 28.202 2011 Imabari, Japan 05/2021

MAN-

B&W 4x30,5T $ 6,6m Greek

Handysize Avra 24.132 1998 Saiki, Japan 01/2023 Mitsubishi 4x30T $ 2,5m Undisclosed

Tankers Type Name Dwt YoB Yard SS M/E Price Buyer Comments

Suezmax Sandro 160.373 2000 Daewoo, Korea B&W B&W $ 13m Middle

Eastern

Aframax Minerva

Zenia 105.851 2002 Daewoo, Korea 04/2022 B&W Region

$ 24m

enbloc

UAE

Aframax Minerva

Alexandra 104.643 2000 Samsung, Korea 03/2025 B&W SS/DD passed

Containers

Type Name Teu YoB Yard SS M/E Gear Price Buyer Comments

Sub

Panamax

CSCL

Houston 2.553 2008

Nakai Zosen,

Japan 06/2023 MAN-B&W - Undisclosed Undisclosed

Feeder Fritz Reuter 1.732 2006 Guangzhou,

China 09/2021 MAN-B&W 2x45T $ 4m

UK based

(Lomar)

Gas

Type Name Dwt YoB Yard SS M/E Cbm Price Buyer Comments

LPG Berge

Summit 50.748 1990

Mitsubishi

Nagasaki,

Japan

07/2020 Mitsubishi 76.918 Region

$ 11m Undisclosed

REPORTED SALES



Indicative Demolition Prices

Country Price $/ldt

Bu

lke

rs

India 275

Bangladesh 290

Pakistan 295

Turkey 180

Tan

kers

India 285

Bangladesh 300

Pakistan 305

Turkey 185

Demolition Sales

Type Vessel Dwt YoB Ldt Price $/ldt Country Comments

Bulker Pacific Ruby 265.647 1993 39.793 290 Undisclosed Subcontinent options

Ro-Ro Glovis Phoenix 13.292 1995 14.498 314 Bangladesh “As Is” Singapore, incl. 500T

ROB bunkers

Ro-Ro Glovis Prime 13.241 1995 14.498 314 Bangladesh “As Is” Singapore, incl. 500T

ROB bunkers

Ro-Ro Arcania Highway 15.507 1995 12.784 288 India

Container Port Klang 15.273 2001 1.216 326 Pakistan

140

160

180

200

220

240

260

280

300

$/l

dt

Tankers

Turkey

140

160

180

200

220

240

260

280

300

$/l

dt

Bulkers

Turkey

260

280

300

320

340

360

380

400

420

440

460

$/l

dt

Tankers

India Bangladesh Pakistan

260

280

300

320

340

360

380

400

420

440

460$

/ld

tBulkers

India Bangladesh Pakistan

DEMOLITION



Bulk Carriers

Units Dwt Yard Delivery Price Owner Comments

2 56.000 Yangzijiang, China 2022 $ 21,2m Chinese (Shanghai Ganglu

Shipping)

Tankers

Units Dwt Yard Delivery Price Owner Comments

1 112.000 Sumitomo, Japan 2022 Undisclosed Greek (Samos Steamship)

6+4 50.000 Hyundai Mipo, Korea 2022 $ 35m Saudi Arabian (Bahri)

NEWBUILDING



0

10

20

30

40

50

20,515

85

15,510,5

6,5

27

19

12,58

2922,5

49

27

19,5

11,5

Mill

ion

US$

BulkersCapesize

Kamsarmax

Panamax

Ultramax

Supramax

Handysize

Prompt Resale 5 years 10 years 15 years

0

20

40

60

80

100

3727,5

1812

51

3726

16

64

49

34

21

95

70

48

34

Mill

ion

US$

Tankers

VLCC

Suezmax

Aframax

MR

Prompt Resale 5 years 10 years 15 years

Bulkers Tankers

Size Age Week

26 Week

25 ± %

Size Age

Week 26

Week 25

± %

Capesize 180k Resale 49 49 0,00% VLCC 310k Resale 95 95 0,00%

Capesize 180k 5 years 27 27 0,00% VLCC 310k 5 years 70 70 0,00%

Capesize 180k 10 years 19,5 19,5 0,00% VLCC 300k 10 years 48 48 0,00%

Capesize 170k 15 years 11,5 11,5 0,00% VLCC 300k 15 years 34 34 0,00%

Kamsarmax 82k Resale 29 29 0,00% Suezmax 160k Resale 64 64 0,00%

Kamsarmax 82k 5 years 22,5 22,5 0,00% Suezmax 160k 5 years 49 49 0,00%

Panamax 76k 10 years 12,5 12,5 0,00% Suezmax 150k 10 years 34 34 0,00%

Panamax 74k 15 years 8 8 0,00% Suezmax 150k 15 years 21 21 0,00%

Ultramax 63k Resale 27 27 0,00% Aframax 110k Resale 51 51 0,00%

Ultramax 61k 5 years 19 19 0,00% Aframax 110k 5 years 37 37 0,00%

Supramax 58k 5 years 15,5 15,5 0,00% Aframax 105k 10 years 26 26 0,00%

Supramax 56k 10 years 10,5 10,5 0,00% Aframax 105k 15 years 16 16 0,00%

Supramax 52k 15 years 6,5 6,5 0,00% MR 52k Resale 37 36 2,78%

Handysize 38k Resale 20,5 20,5 0,00% MR 51k 5 years 27,5 26 5,77%

Handysize 37k 5 years 15 15 0,00% MR 47k 10 years 18 17,5 2,86%

Handysize 32k 10 years 8 8 0,00% MR 45k 15 years 12 12 0,00%

Handysize 28k 15 years 5 5 0,00%

INDICATIVE PRICES



Currencies Currency 25-Jun 18-Jun ± (%)

EUR / USD 1,1218 1,1205 0,12% USD / JPY 107,19 106,97 0,21%

USD / KRW 1.204,65 1.208,26 -0,30% NOK / USD 0,1035 0,1048 -1,24%

Commodities Commodity 25-Jun 18-Jun ± (%)

Brent Crude (BZ) 41,05 41,51 -1,11% WTI Crude Oil (WTI) 38,72 38,84 -0,31%

Natural Gas (NG) 1,48 1,64 -9,76% Gold (GC) 1.770,60 1.731,10 2,28%

Copper (HG) 2,67 2,60 2,69% Wheat (W) 488,25 488,75 -0,10%

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



Stock Prices – Shipping Companies

Company Stock Exchange 25-Jun 18-Jun ± (%) Diana Shipping Inc (DSX) NYSE 1,64 1,80 -8,89% Euroseas Ltd (ESEA) NASDAQ 2,70 3,24 -16,67% Eagle Bulk Shipping Inc (EGLE) NASDAQ 2,37 2,67 -11,24% Navios Maritime Holdings Inc (NM) NYSE 2,11 2,15 -1,86% Navios Maritime Partners LP (NMM) NYSE 9,83 8,45 16,33% Star Bulk Carriers Corp (SBLK) NASDAQ 6,81 7,78 -12,47% Seanergy Maritime Holdings Corp (SHIP) NASDAQ 0,28 0,19 47,37% Safe Bulkers Inc (SB) NYSE 1,26 1,34 -5,97% Golden Ocean Group Ltd (GOGL) NASDAQ 4,05 4,38 -7,53%

Stock Prices - Wet

Company Stock Exchange 25-Jun 18-Jun ± (%) Capital Product Partners LP (CPLP) NASDAQ 8,40 8,87 -5,30% TOP Ships Inc (TOPS) NASDAQ 0,14 0,15 -6,67% Tsakos Energy Navigation Ltd (TNP) NYSE 2,09 2,52 -17,06%

Stock Prices - Other

Company Stock Exchange 25-Jun 18-Jun ± (%) Danaos Corp (DAC) NYSE 3,83 4,13 -7,26% StealthGas Inc (GASS) NASDAQ 2,50 2,62 -4,58% Rio Tinto PLC (RIO) NYSE 56,76 56,13 1,12% Vale SA (VALE) NYSE 10,56 10,55 0,09% Archer-Daniels-Midland Co (ADM) NYSE 39,95 40,58 -1,55% BHP Group Ltd (BHP) NYSE 49,41 49,02 0,80%

SHIPPING INDICATIVE SHARE VALUE



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: Cpt. 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:

Cpt. Galonis Dimitrios Mob: +30 6945 55 36 81

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

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: Simou Chrysa Mob: +30 6970 55 31 28

“ 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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WEEKLY SHIPPING MARKET REPORT WEEK 26 · 2020-06-28 · WEEKLY SHIPPING MARKET REPORT - pg. 6 Week 26 (19th Jun to 26th Jun 2020) 0 10 20 30 40 50 20,5 15 8 5 15,5 10,5 6,5 27 19