Newbuilding Orders A Divisive Issue at the Moment


Newbuilding Orders A Divisive Issue at the Moment

The choice to place an order for a newbuilding vessel, dry bulker or tanker, is dividing opinions at the moment, as ship owners appear to be unable to agree on the shipping markets’ future potential, especially at the current ships’ prices offered by yards. As a result, ordering activity is on a rollercoaster ride in the past few weeks, with high intensity weeks followed by scarcer activity. In its latest weekly report, shipbroker Allied Shipbroking said that it was “a quiet week for the newbuilding market in terms of dry bulkers was observed last week, despite the improved sentiment that has been seen in the freight market of late. Meanwhile, some interesting movements were to be seen in the tanker segment, with a significant number of options being declared, despite the continued pressure being felt in terms of earnings right now. There was also an improved flow of fresh activity being seen in the more specialized segments, with a couple of new orders having been reported for gas units, and a cruise ship and offshore unit also coming to light. Given the overall picture being seen in the market, prices remain firm due to the slightly better interest levels now being expressed, but with considerable volatility in terms of activity levels still being seen due to limited confidence noted amongst buyers. Finally, as we approach the mid-summer period, the expectation is for a market to take shape over the next few weeks, with interest likely to resume in early autumn”, Allied noted.

Meanwhile, in a separate newbuilding report, Clarkson Platou Hellas commented that “in Tankers, clients of Central Shipping are reported to have declared their options to build a further 2 x 157,000dwt Suezmax Tankers at Hyundai Samho. These vessels will deliver in early 2020 and like the firm units will be scrubber fitted. In Dry, Klaveness have announced that they have further extended their series at YZJ in China by ordering one further 83,500dwt combination carrier. This vessel is now the fifth vessel in the series and is set to deliver in 2020. In Gas, DSME have announced two new deals to the market. The first with clients of Maran Gas, whom have declared their option for one 173,400 cbm LNG FSRU which will be delivered in 1H 2021. The second with Seatankers Management for a single 173,400 cbm LNG carrier with this ship set to be delivered in 2020. On the smaller end of the sector, it has been announced that Central LNG shipping (a JV between Kawasaki Kisen Kaisha, Chubu Electric Power, Toyota Tsusho and NYK) has placed an order for a 3,500cbm LNG Bunkering vessel to deliver late 2020, which will be the first of its kind operating in Japan”.

Meanwhile, in the S&P market, Allied added that “on the dry bulk side, activity slowed down even more this past week, with very few transactions coming to light. Buying interest varied between the different size segments, while in terms of age, the main focus stayed mostly on vintage units. Given the recent ship import restrictions announced from China, we are likely to continue to see an increase in activity being noted for vintage units over the coming weeks, though this increased buying is unlikely to help feed any boost in terms of price levels achieved. On the tanker side, we witnessed again a fair level of S&P deals take place this past few days. Moreover, once again the largest share of units were part of an enbloc transaction, reinforcing the fact that we are still seeing keen buying interest for bargain fleet deals. Given the speculative sentiment being expressed by most buyers with regards to the not so distant prospects of the market, it looks as though buying appetite will remain at relatively healthy levels for the time being”, the shipbroker concluded.

Nikos Roussanoglou, Hellenic Shipping News Worldwide

Leave a Reply

SSCP   CAS-002   9L0-066   350-050   642-999   220-801   74-678   642-732   400-051   ICGB   c2010-652   70-413   101-400   220-902   350-080   210-260   70-246   1Z0-144   3002   AWS-SYSOPS   70-347   PEGACPBA71V1   220-901   70-534   LX0-104   070-461   HP0-S42   1Z0-061   000-105   70-486   70-177   N10-006   500-260   640-692   70-980   CISM   VCP550   70-532   200-101   000-080   PR000041   2V0-621   70-411   352-001   70-480   70-461   ICBB   000-089   70-410   350-029   1Z0-060   2V0-620   210-065   70-463   70-483   CRISC   MB6-703   1z0-808   220-802   ITILFND   1Z0-804   LX0-103   MB2-704   210-060   101   200-310   640-911   200-120   EX300   300-209   1Z0-803   350-001   400-201   9L0-012   70-488   JN0-102   640-916   70-270   100-101   MB5-705   JK0-022   350-060   300-320   1z0-434   350-018   400-101   350-030   000-106   ADM-201   300-135   300-208   EX200   PMP   NSE4   1Z0-051   c2010-657   C_TFIN52_66   300-115   70-417   9A0-385   70-243   300-075   70-487   NS0-157   MB2-707   70-533   CAP   OG0-093   M70-101   300-070   102-400   JN0-360   SY0-401   000-017   300-206   CCA-500   70-412   2V0-621D   70-178   810-403   70-462   OG0-091   1V0-601   200-355   000-104   700-501   70-346   CISSP   300-101   1Y0-201   200-125  , 200-125  , 100-105  , 100-105  , CISM   NS0-157   350-018  , NS0-157   ICBB  , N10-006 test  , 350-050   70-534   70-178   220-802   102-400   000-106   70-411  , 400-101   100-101  , NS0-157   1Z0-803   200-125  , 210-060   400-201   350-050   C_TFIN52_66  , JN0-102  , 200-355   JN0-360   70-411   350-018  , 70-412   350-030   640-916   000-105   100-105  , 70-270  , 70-462   300-070  , 300-070   642-999   101-400   PR000041   200-101  , 350-030   300-070  , 70-270  , 400-051   200-120   70-178   9L0-012   70-487   LX0-103   100-105  ,