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REPORT WEEK 6
WEEK 6 (6th February to 12th February 2016)
Market Overview
Bulkers
For one more week Dry Bulk market follow the negative trend of the last months. Situation has been affected as well from
Chinese New Year holidays which put the market in slower rhythms. Nevertheless there are still some buyers willing to
acquire younger tonnages at lower price levels, taking advantage of the finance pressured sellers.
M/V Spring Zephyr (181k dwt, 2010 Blt, Imabari) sold at $21,5 mill to Messrs Carval Investors price which remain in line with
last week's sale of one year younger capesize M/V Obelix (181k dwt, 2011 Blt Imabari) at $22,5 mill to Messrs Alpha
Bulkers. Owners of M/V Bulk Singapore (177k dwt, 2005 Blt Namura) decided to withdraw her from the market and focus on
the sale of their 2006 Blt Capesize Bulker M/V Shin Sho (177k dwt, 2006 Blt Mitsui). It is remarkable to emphasize on the sale
of M/V Falcon Trader II (54,9k dwt, 2009 Blt Oshima) which was committed at $7,8 mill while 2 years older M/V Federal
Baffin (55k, 2007 Blt Oshima) sold 1 week before at similar levels.
Tankers
On the Tanker sector s&p activity was quite with few sales being reported. Lr1's M/T Lorelei & M/T La Boheme (73k dwt,
2007 blt Stx S. Korea) committed to Greek buyers at a price of $28 mill creating a new benchmark in the sector. Understand
that M/T Ocean Mare (160k, 2006 blt Namura) invited offers on Monday. According to rumors she is still negotiated at a
price in the region of high $20's. While M/T Bm Bonanza (105k Dwt / 2007 Blt Sumitomo) and M/T Isis ( 116k dwt, 2007 Blt
Universal) are still for sale, it will be interesting to see the new benchmark for 9-10 years old Aframaxes.
Furthermore one more Aframax was placed for sale M/T Dubai Attraction - (115k dwt / Blt 2011 Hanjin S. Korea) adding one
more in the growing list of Aframaxes for sale.
Demolition
In the demolition sector a significant number of 90's built vessels are offered for demo while cash buyers have reduced
levels at region $220 - $240 per ldt. Understand that about 25 Capesize Bulkers and 50 Panamaxes have been demolished
since the begging of the year.
Advanced Shipping & Trading S.A 1st Floor, 168 Vouliagmenis Avenue 16674 Glyfada, Greece
Contact Details: Tel: +30 210 3003000 snp@advanced-ship.gr chartering@advanced-ship.gr finance@advanced-ship.gr
Bulk Carriers
Name
Dwt
YoB
Yard
SS
Engine
Gear
Price (mill.)
Spring
Zephyr
181,725
2010
Imabari ,
Japan
08/2020
B&W
$ 21.5
Mairaki
181,483
2011
Stx , Korea
B&W
Undisclosed
Greeks
Kohyosan
172,564
2001
Epson
Trader
82,656
2007
Medi Kobe
75,924
2001
Falcon
Trader II
54,924
2009
Delia
41,185
1998
Apollon
30,855
1996
Nkk , Japan
Tsuneishi ,
Japan
Kanasashi ,
Japan
Oshima ,
Japan
Varna ,
Bulgaria
Nakai Zosen ,
Japan
Buyer
U.S.A
(Carval
Investors)
06/2016
B&W
$ 5.0
Turkish
(Karadeniz
Holdings)
05/2017
B&W
$ 7.5
Far Eastern
05/2016
B&W
$ 2.7
Undisclosed
01/2019
B&W
4 x 30 T
$ 7.8
01/2018
B&W
4 x 30 T
Undisclosed
Undisclosed
07/2016
B&W
4 x 25 T
$ 2.0
Middle East
Undisclosed
Tankers
Name
Lorelei
La Boheme
Kronborg
LPG Cambridge
Dwt
73,673
73,672
40,208
26,427
YoB
2007
2007
2007
2006
Yard
Stx , Korea
Stx , Korea
Sls , Korea
HHI , Korea
SS
04/2017
03/2017
07/2017
02/2016
Engine
B&W
B&W
B&W
B&W
Price (mill.)
$ 27.8
$ 27.8
Undisclosed
$ 41.5
Buyer
Greeks
Undisclosed
Indian
Containers
Name
Dwt
YoB
Vega Saturn
1,118
2008
Yard
Taizhou ,
China
SS
Engine
10/2018
B&W
Price (mill.)
Undisclosed
12/02/2016 2
Buyer
Undisclosed
Capesize
Prompt
Resale
35
22
11
5.5
Panamax - Kamsarmax
19
12
6.5
Supramax - Ultramax
18
10
6.5
3.5
Handysize
15
3.5
5 years
10 years
15 years
80
55
38
Size
5 years
10 years
15 years
VLCC
Prompt
Resale
100
Suezmax
70
60
42
26
Aframax
Panamax
57
45
46
33
31
23
17
14
MR
37.5
27
19
11
Size
12/02/2016
Demolition Sales
Vessel
Wugang Asia
Netherlands
Anemone
YM Kaohsiung
Weserwolf
King Grace
Samjohn Spirit
Aodabao
Eurasia
Type
BC
Container
BC
Container
Container
GC
BC
BC
GC
Built
1992
1997
1990
1998
1999
1986
1994
1995
1984
Ldt
36,817
24,225
18,941
16,203
13,062
9,943
9,902
9,589
4,050
Dwt
264.484
67.473
151.439
50.059
39.128
33.504
71.730
71.730
13.497
Price ($)
237
270
237
271
248
225
245
244
220
Country
India
India
India
India
India
Pakistan
India
India
Comments
Option Bangladesh
As Is China
Option Pakistan
Tanker Prices
Bulker Prices
India
255
225
Bangladesh
250
220
Pakistan
250
220
China
120
110
Turkey
160
150
Type
Mr
Dwt
50,000
Yard
Hyundai
Mipo , Korea
Delivery
2017
Owner
Australian
Price
(mill.)
Comments
$ 47.5
Bitumen/Products
Tankers
2 Tanks Bitumen
10 Tanks For Oil
Products
12/02/2016
Week 6
291
199
324
243
183
Week 5
297
212
295
262
194
Change (%)
2,02
6,13
9,83
7,25
5,67
12/02/2016
12/02/2016
Currency
Week 6
Week 5
EUR / USD
USD / JPY
USD / KRW
USD / NOK
1.1283
112.47
1,211.54
8.5770
1.1127
117.31
1,197.54
8.6130
Change (%)
1,40
4,13
1,17
0,42
Week 6
31.16
2.00
1,242.90
459.50
Week 5
34.44
2.05
1,152.10
471.75
Change (%)
9,52
2,44
7,88
2,60
Commodity
Brent Crude (BZ)
Natural Gas (NG)
Gold (GC)
Wheat (W)
Euro/Usd
1.16
1.14
1.12
1.1
1.08
1.06
1.04
1.02
12
/0
7/
20
15
26
/0
7/
20
15
09
/0
8/
20
15
23
/0
8/
20
15
06
/0
9/
20
20
15
/0
9/
20
15
04
/1
0/
20
15
18
/1
0/
20
15
01
/1
1/
20
15
15
/1
1/
20
15
29
/1
1/
20
15
13
/1
2/
20
15
27
/1
2/
20
15
10
/0
1/
20
16
22
/0
1/
20
16
05
-F
eb
12/02/2016
05/02/2016
22/01/2016
08/01/2016
25/12/2015
11/12/2015
27/11/2015
13/11/2015
30/10/2015
16/10/2015
02/10/2015
18/09/2015
04/09/2015
21/08/2015
07/08/2015
24/07/2015
10/07/2015
70.00
60.00
50.00
40.00
30.00
20.00
10.00
0.00
Bunker Prices
Port
IFO 380
IFO 180
MGO
Piraeus
143
142
155
137
130
160
180
165
157
170
303
425
280
275
320
Fujairah
Singapore
Rotterdam
Houston
Stock Exchange
Week 6
Week 5
Change (%)
NASDAQ
NASDAQ
NASDAQ
2.02
0.101
2.19
2.58
0.127
2.00
21,71
20,47
9,50
NASDAQ
0.42
0.80
47,50
NASDAQ
NYSE
0.073
0.79
0.101
0.84
27,72
5,95
NYSE
0.80
1.47
45,58
NASDAQ
0.065
0.077
15,58
NASDAQ
0.400
0.430
6,98
NASDAQ
2.490
3.450
27,83
NYSE
NASDAQ
0.47
0.61
0.42
0.66
11,90
7,58
12/02/2016
Company
Capital Product Partners LP
(CPLP)
TOP Ships Inc (TOPS)
Tsakos Energy Navigation (TNP)
Stock Exchange
Week 6
Week 5
Change %
NASDAQ
3.20
3.89
17,74
NASDAQ
NYSE
0.220
4.83
0.258
5.61
14,73
13,90
Stock Exchange
Week 6
Week 5
Change (%)
NYSE
NYSE
NASDAQ
NYSE
NYSE
6.38
4.65
2.49
24.59
2.38
7.23
5.09
2.80
26.96
2.69
11,76
8,64
11,07
8,79
11,52
NYSE
31.63
34.25
7,65
NYSE
21.19
22.89
7,43
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: research@advanced-ship.gr
12/02/2016