WEEKLY SHIPPING MARKET REPORT WEEK 29 › wp-content › ...Moonlight Serenade 31.771 2008 Saiki, Japan 08/2025 Mitsubishi 4x30T $ 7,3m Undisclosed BWTS fitted, SS/DD freshly passed,

WEEKLY SHIPPING MARKET REPORT - pg. 1

Week 29 (10th Jul to 17th Jul 2020)

Bulkers

BW Group have offloaded three of their BWTS fitted Kamsarmax vessels. The “BW Barley” 83/2010 Sanoyas, Japan (SS 06/2023, DD 06/2021) & “BW Einkorn” 81/2010 Universal, Japan (SS 12/2022, DD 12/2020) were sold to Greek buyers Centrofin for region USD 14 mill each, while the “BW Acorn” 82/2010 Oshima, Japan (SS 01/2025, DD 07/2022), which has 2 generators, was committed to German buyers for region USD 13,5 mill. The three ships were initially reported sold to Norwegian buyers for USD 41 mill enbloc but the deal failed since buyers did not lift the subjects. Furthermore, Doun Kisen have sold their “KM Yokohama” 83/2011 Sanoyas, Japan (SS 05/2023, DD 05/2021) to undisclosed buyers at a price in the region of USD 15 mill, while the Korean built “Wise Young” 82/2011 Daewoo, Korea (SS/DD 11/2020) was concluded for USD 13,75 mill. The Supramax “Sun Lucia” 56/2012 Jiangsu Hantong, China (SS/DD 04/2022) has been sold to Chinese buyers at USD low 9 mill, whilst her sister vessel “Aragonit” 57/2012 Jiangsu Hantong, China was committed a month ago at USD 8,2 mill. Meanwhile, Arista Shipping have committed the “Panworld” 56/2011 Hyundai Mipo, Korea (SS 05/2021, DD 02/2021) to Far Eastern buyers for USD 10 mill. Moreover, the Japanese built “Mimi Selmer” 56/2005 Mitsui, Japan (SS/DD 10/2020) of Ambra Shipmanagement was sold for USD 7,5 mill, while her sister vessel “Helene Selmer” 56/2005 (SS/DD 09/2020) was sold a month ago at USD 6,5 mill. In addition, the BWTS fitted “Bulk Paraiso” 53/2007 Iwagi, Japan (SS 12/2024, DD 12/2022) was sold to Greek buyers at levels USD low 8 mill. Finally, the BWTS fitted OHBS Handysize “Moonlight Serenade” 32/2008 Saiki, Japan (SS/DD freshly passed) was committed at levels USD 7,3 mill. Remind you that a couple of weeks ago, the one-year-younger BWTS fitted “Orient Hope” 32/2009 Hakodate, Japan was sold for USD 7,4 mill.

Tankers

An FSO sale for this week, the “Sea Coral” 298/1996 Daewoo, Korea (SS/DD 03/2021) was sold to Russian buyers for USD 18 mill. Bergshav Management have reportedly sold their Aframax “Bergina” 106/2007 Tsuneishi, Japan (SS/DD 08/2022) at USD 19 mill with DD passed in April. Latest similar sale was two months ago, the two-years-older “Seapacis” 106/2005 Namura & Sasebo, Japan (SS/DD 09/2020) at USD 15,75 mill. MR2 “Faneromeni A” 46/2000 Shin Kurushima Onishi, Japan (SS/DD 10/2020) of Ancora Investment Trust has been sold for USD 6,3 mill. For reference, the two-years-younger Korean built sister vessels “Torm Vita” & “Torm Mary” 46/2002 Stx, Korea were sold in May at USD 10 mill each.

Baltic Indices

INDEX 17-Jul 10-Jul ± (%)

BDI 1.710 1.810 -5,52%

BCI 3.025 3.333 -9,24%

BPI 1.504 1.587 -5,23%

BSI 910 835 8,98%

BHSI 457 435 5,06%

Daily T/C Avg 17-Jul 10-Jul ± (%)

Capesize $ 25.085 $ 27.644 -9,26%

Kamsarmax $ 13.532 $ 14.286 -5,28%

Panamax $ 12.196 $ 12.950 -5,82%

Supramax $ 10.014 $ 9.184 9,04%

Handysize 38 $ 8.232 $ 7.823 5,23%

INDEX 16-Jul 10-Jul ± (%)

BDTI 509 500 1,80% BCTI 329 344 -4,36%

-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 29



Capesize

Week 29 saw iron ore rates on the West Australia / China route climbing in

the high usd 7.00’s fio range. No period activity to report here.

Kamsarmax / Panamax

North Pacific rounds ranged at the usd 11,000/12,000 pd. A number of

Indonesian trips into China were reported fixed in the usd 9,000/10,000 pd

range. A number of Australian trips into India were reported at the level of

usd 12,000 pd. South African trips into China were fixed around usd 16,000

pd. South East Asian trips into China via East Coast South America were fixed

around usd 14,000 pd. South East Asian trips into China via Black Sea were

reported around usd 13,000 pd. Inter-Continental trips via Murmansk and

Mediterranean with coal were reported at the level of usd 16,350 pd. US

Gulf trips into China were reported around usd 13,000 pd. Usd 12,500 pd on

a Kamsarmax for 4/6 months employment basis delivery in the Pacific.

Ultramax / Supramax

A number of Indonesian trips into China were reported fixed in the usd

8,000/9,000 pd range. A number of Indonesian trips into India were reported

at the level of usd 4,000 pd. Persian Gulf trips into India with aggregates

were fixed at the level of usd 16,000 pd. South African trips into South East

Asia were fixed around usd 12,500 pd plus ballast bonus at the usd 250K.

West African trips into China were reported at the level of usd 22,750 pd.

Inter-Mediterranean trips via Black Sea and Red Sea were fixed around usd

10,750 pd. Continental trips into Mediterranean with scrap were reported

at the level of usd 16,000 pd. Continental trips into India with fertilisers were

fixed around usd 20,500 pd. Usd 9,250 pd on a Supramax for 4/6 months

employment basis delivery in the Pacific.

Handymax / Handysize

A generally quiet week for this segment. Inter-Mediterranean trips via Black

Sea with steels were reported at the level of usd 7,250 pd. US Gulf trips into

West Coast South America were fixed around usd 15,000 pd. No period

activity to report here.

0

5.000

10.000

15.000

20.000

25.000

30.000

35.000

$/d

ay

Capesize

0

3.000

6.000

9.000

12.000

15.000

$/d

ay

Panamax

0

2.000

4.000

6.000

8.000

10.000

12.000

$/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

Kamsarmax KM

Yokohama 83.480 2011 Sanoyas, Japan 05/2023

MAN-

B&W -

Region

$ 15m Undisclosed

Kamsarmax BW Barley 83.369 2010 Sanoyas, Japan 06/2023 MAN-

B&W -

Region

$ 14m Greek

(Centrofin)

BWTS fitted

Kamsarmax BW Einkorn 81.502 2010 Universal,

Japan 12/2022

MAN-

B&W -

Region

$ 14m BWTS fitted

Kamsarmax BW Acorn 82.589 2010 Oshima, Japan 01/2025 MAN-

B&W -

Region

$ 13,5m German

BWTS fitted,

2 Generators

Kamsarmax Wise Young 82.012 2011 Daewoo, Korea 11/2020 MAN-

B&W - $ 13,75m Undisclosed

Supramax Sun Lucia 56.568 2012

Jiangsu

Hantong,

China

04/2022 MAN-

B&W 4x36T Low $ 9m Chinese

Supramax Mimi Selmer 55.711 2005 Mitsui, Japan 10/2020 MAN-

B&W 4x30T $ 7,5m Undisclosed

Supramax Panworld 55.675 2011 Hyundai Mipo,

Korea 05/2021

MAN-

B&W 4x25T $ 10m Far Eastern

Supramax Bulk Paraiso 53.503 2007 Iwagi, Japan 12/2024 MAN-

B&W 4x30,5T Low $ 8m Greek BWTS fitted

Supramax Goldeneye 52.421 2002 Tsuneishi,

Japan 08/2020

MAN-

B&W 4x30T $ 4,9m Undisclosed

Handysize Polaris

Melody 35.196 2011

Nanjing

Dongze, China 01/2021

MAN-

B&W 4x30,5T

Handysize Great Ocean 35.152 2011 Nanjing


MAN-

B&W 4x30,5T Undisclosed Vietnamese

Handysize Oriental

Harmony 35.152 2011

Nanjing


MAN-

B&W 4x30T

Handysize Sam Eagle 32.581 2010

Jiangsu

Zhenjiang,

China

08/2020 MAN-

B&W 4x30,5T $ 4,74m GMS Auction sale

Handysize Moonlight

Serenade 31.771 2008 Saiki, Japan 08/2025 Mitsubishi 4x30T $ 7,3m Undisclosed

BWTS fitted,

SS/DD freshly

passed, OHBS

Tankers

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

FSO Sea Coral 298.321 1996 Daewoo, Korea 03/2021 Sulzer $ 18m Russian

Aframax Bergina 105.839 2007 Tsuneishi, Japan 08/2022 MAN-B&W $ 19m Undisclosed DD passed

04/2020

MR Faneromeni

A 45.869 2000

Shin Kurushima Onishi,

Japan 10/2020 Mitsubishi $ 6,3m Undisclosed

Small Yue You 902 11.131 1998 Daedong, Korea 02/2023 B&W $ 2,1m Undisclosed Old sale

REPORTED SALES



Containers

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

Feeder Cma Cgm

Agadir 1.118 2003

Jinling,

China 04/2023 MAN 2x40T $ 2,1m German

Feeder Marcarrier 1.043 2007 Dae Sun,

Korea 08/2022 MAN-B&W -

Region

$ 5,2m Chinese

Feeder Marcloud 1.043 2007 Dae Sun,

Korea 11/2022 MAN-B&W -

Region

$ 5,2m

Gas

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

LPG Lavender

Passage 49.708 1996

Mitsubishi

Nagasaki,

Japan

10/2020 Mitsubishi 76.882 $ 16m Vietnamese

(FGAS)

LPG Fuji Gas 29.458 1995 Kawasaki,

Japan 09/2020 B&W 36.770 $ 8m Undisclosed

REPORTED SALES



Indicative Demolition Prices

Country Price $/ldt

Bu

lke

rs

India 290

Bangladesh 300

Pakistan 315

Turkey 170

Tan

kers

India 300

Bangladesh 310

Pakistan 325

Turkey 175

Demolition Sales

Type Vessel Dwt YoB Ldt Price $/ldt Country Comments

Bulker Stellar Express 48.821 1990 9.400 322 Undisclosed

Container Kuo Hsiung 18.372 1993 5.915 340 Pakistan

Container Setuba 16.727 1997 5.251 326 Undisclosed

General Cargo Elit 11.816 1992 4.360 320 Pakistan

Container Ahlam 5.660 1995 2.471 285 India

Tanker Avatar 3.183 1990 2.102 297 Bangladesh

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

1 25.800 Chengxi, China 2021 $ 58,5m Canadian (CSL Group) Self-discharging

Tankers

Units Dwt Yard Delivery Price Owner Comments

2+2 318.000 Hyundai, Korea 2022 $ 105m Greek (Kyklades Maritime) Dual fuelled

1+2 158.000 Korean 2022 Undisclosed Greek (TEN) DP2 shuttle tankers,

against long term T/C

Containers Units Teu Yard Delivery Price Owner Comments

2 1.000 Dae Sun, Korea 2021/2022 $ 36m Korean

(Namsung Shipping)

NEWBUILDING



0

10

20

30

40

50

20,515

85

15,510,5 7

27

19

13,58,5

2922,5

49

27

20,5

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

3727,5

1812

5037

2616

64

49

34

21

94

69

47

34

Mill

ion

US$

Tankers

VLCC

Suezmax

Aframax

MR

Prompt Resale 5 years 10 years 15 years

Bulkers Tankers

Size Age Week

29 Week

28 ± %

Size Age

Week 29

Week 28

± %

Capesize 180k Resale 49 49 0,00% VLCC 310k Resale 94 94 0,00%

Capesize 180k 5 years 27 27 0,00% VLCC 310k 5 years 69 69 0,00%

Capesize 180k 10 years 20,5 20,5 0,00% VLCC 300k 10 years 47 47 0,00%

Capesize 170k 15 years 12,5 12,5 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 13,5 13,5 0,00% Suezmax 150k 10 years 34 34 0,00%

Panamax 74k 15 years 8,5 8,5 0,00% Suezmax 150k 15 years 21 21 0,00%

Ultramax 63k Resale 27 27 0,00% Aframax 110k Resale 50 50 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 7 7 0,00% MR 52k Resale 37 37 0,00%

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

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

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 16-Jul 9-Jul ± (%)

EUR / USD 1,1384 1,1285 0,88% USD / JPY 107,27 107,20 0,07%

USD / KRW 1.205,43 1.195,78 0,81% NOK / USD 0,1074 0,1056 1,70%

Commodities Commodity 16-Jul 9-Jul ± (%)

Brent Crude (BZ) 43,37 42,35 2,41% WTI Crude Oil (WTI) 40,75 39,62 2,85%

Natural Gas (NG) 1,72 1,78 -3,37% Gold (GC) 1.800,30 1.803,80 -0,19%

Copper (HG) 2,90 2,85 1,75% Wheat (W) 535,25 525,00 1,95%

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 16-Jul 9-Jul ± (%)

Diana Shipping Inc (DSX) NYSE 1,40 1,40 0,00% Euroseas Ltd (ESEA) NASDAQ 3,11 2,50 24,40% Eagle Bulk Shipping Inc (EGLE) NASDAQ 2,12 2,14 -0,93% Navios Maritime Holdings Inc (NM) NYSE 2,05 2,05 0,00% Navios Maritime Partners LP (NMM) NYSE 9,08 8,99 1,00% Star Bulk Carriers Corp (SBLK) NASDAQ 6,39 6,29 1,59% Seanergy Maritime Holdings Corp (SHIP) NASDAQ 1,70 1,85 -8,11% Safe Bulkers Inc (SB) NYSE 1,22 1,19 2,52% Golden Ocean Group Ltd (GOGL) NASDAQ 3,89 3,81 2,10%

Stock Prices - Wet Company Stock Exchange 16-Jul 9-Jul ± (%)

Capital Product Partners LP (CPLP) NASDAQ 8,25 7,98 3,38% TOP Ships Inc (TOPS) NASDAQ 0,11 0,11 0,00% Tsakos Energy Navigation Ltd (TNP) NYSE 8,56 9,40 -8,94%

Stock Prices - Other Company Stock Exchange 16-Jul 9-Jul ± (%)

Danaos Corp (DAC) NYSE 3,44 3,50 -1,71% StealthGas Inc (GASS) NASDAQ 2,46 2,50 -1,60% Rio Tinto PLC (RIO) NYSE 61,18 57,96 5,56% Vale SA (VALE) NYSE 11,28 10,63 6,11% Archer-Daniels-Midland Co (ADM) NYSE 40,96 37,81 8,33% BHP Group Ltd (BHP) NYSE 52,95 50,50 4,85%

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 29 › wp-content › ...Moonlight Serenade 31.771 2008 Saiki, Japan 08/2025 Mitsubishi 4x30T $ 7,3m Undisclosed BWTS fitted, SS/DD freshly passed,