Shipowners Stock Up on Dry Bulk Carriers

0 comments

Shipowners Stock Up on Dry Bulk Carriers

Newbuilding and used bulkers are the main trend in the shipping market these days. In its latest weekly report, shipbroker Allied Shipbroking said that “the Newbuilding market has started to build up a positive momentum week by week, with a robust flow of deals coming to light again this past week. The dry bulk sector has a leading role in the reported activity noted of late, a mere result of the good fundamentals and the upward attitude that is being seen in the market. Moreover, given that we are just at the onset of the final quarter of the year, and having seen how bullish sentiment in terms of earnings affects new order placing (just a simple look of the orders placed in the 4th quarter of 2017), a considerable flow of fresh orders can be expected to be seen during the final months of 2018. On the tanker side though, thing remain rather blurry, with most placing their focus on current opportunities seen on the secondhand market, while seemingly putting on hold their long-terms plans for new projects until the market finally sets its foot on a more stable trajectory in terms of earnings”.

In a separate newbuilding report, Clarkson Platou Hellas noted that “in Dry, Santoku Shipping is reported to have returned to SWS for a further pair of wide-beam 186K Dwt Capesize Bulk carriers. These bring their total number on order with the yard to 4 vessels, following their order for 2 firm ships placed last year. This latest pair will deliver in 2020 and are being built as tier III vessels. Doun Kisen meanwhile are reported to have returned to Nantong Xiangyu for a further 2 x 63,500dwt Ultramax bulk carriers, delivering in 2020. This means the owner now has a total of 4 x ultramax and 2 x kamsarmax on order at the yard. In Tankers, Hanjin Heavy Industries are reported to have won an order from clients of Cukurova Holdings for 4 x Aframax Tankers which are due to be constructed from Hanjin’s Subic Bay facility in the Philippines. Again these vessels will be built to latest tier iii standards and will delivery from 2H 2020 onwards. Finally in the LNG sector, Samsung announced a contract for a single 174,000cbm LNG carrier from NYK Line with employment to Total. Delivery is due in the first quarter of 2021. There’s also been some activity in the smaller scale LNG space with JV Avenir LNG declaring options for the third and fourth in their series of 7,500CBM vessels at Keppel Nantong. Damen Yichang also took an order for a single 6,000cbm LNG bunkering vessel from Infortar AS (for Eesti Gaas) with delivery due in the second half of 2020. panamaxes”.

Meanwhile, in the S&P market, Allied Shipbroking said that “on the dry side, a considerable boost in volumes noted during the past few days. The main focus seems to have been on Panamax tonnage, closely followed by the Supramax segment. A key difference however seen is that while in the Panamax segment most deals involved vintage units, in Supramax sector most transactions involved more modern vessels. All-in-all, given that we are starting to see some positive omens emerge in the freight market, this could well drive buyers further over the coming months. On the tanker side, a relative gear up in activity was also noted this past week. This can be seen as mere reflection of a very active VLCC market, inline somehow with the considerable boost noted in the freight market during the same time frame. Given the opportunistic attitude that has been key in the market so far this year, we should continue to see interest hold firm for now, while this gear up in activity is still unlikely to drive any excesses in terms of pricing”.

Similarly, VesselsValue, the ships’ valuations expert, said that in the dry bulk market, “values have remained stable across all tonnages except for mid-age Panamaxes which have softened. Panamax Daebo Newcastle (81,400 DWT, Dec 2012, Hyundai Samho) was sold for USD 19.0 mil, VV value USD 20.51 mil. Panamax Double Prosperity (76,600 DWT, Jul 2005, Imabari) was sold to Shail Shipping for USD 10.6 mil, VV value USD 12.73 mil – Poor condition. Panamax Angelic Grace (74,800 DWT, Jan 2001, Hudong Zhonghua) was sold at auction for USD 5.5 mil, VV value USD 7.47 mil. Supramax Medi Firenze (58,700 DWT, Feb 2008, Tsuneishi Cebu) was sold to Salam Pacific for USD 13.3 mil, VV value USD 13.64 mil – DD Due”, concluded VV.


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  ,