weekly shipping market report week 36...weekly shipping market report - pg. 6 week 36 (28th aug to...

WEEKLY SHIPPING MARKET REPORT - pg. 1

Week 36 (28th Aug to 4th Sep 2020)

Bulkers

Kotobuki Kaiun has sold the Newcastlemax “Azul Cielo” 203/2005 Universal, Japan (SS 05/2023, DD 05/2021) to Chinese buyers Winning Shipping basis 6 months BB Charter and purchase obligation at USD 14 mill. Moreover, Fukujin Kisen sold the one year younger sister vessel “Cape Daisy” 203/2006 Universal, Japan (SS/DD 04/2021) for region USD 13 mill to Singaporean buyers Berge Bulk.

Oldendorff Carriers has sold the Capesize “Tete Oldendorff” 180/2011 Stx, Korea (SS/DD 05/2021) for USD 19,5 mill to Greek buyers PrimeBulk. Remind you that last month, the Japanese built “Pacific Endurance” 181/2011 Koyo Mihara, Japan (SS/DD 01/2021) was sold for USD 18 mill.

Peter Dohle has sold the BWTS fitted Supramax “Cas Avanca” 55/2009 Hyundai-Vinashin, Vietnam (SS 10/2024, DD 11/2022) to Far Eastern buyers for region mid USD 8 mill. There were rumors last week about her being sold at USD 7,5 mill which were false. Moreover, Valhalla Shipping’s “V Sanderling” 50/2003 Kawasaki, Japan (SS/DD 11/2020) was sold to Chinese buyers for USD 5 mill. Last similar sale was in July, the one year older “Bulk Beothuk” 51/2002 Oshima, Japan was sold at the same price basis DD due.

COSCO has committed the Handysize “Transcenden Time” 33/2010 Jiangmen Nanyang, China (SS 10/2025, DD 08/2023) to undisclosed buyers at USD 6 mill basis SS/DD passed. Please note that “Feyha” 34/2010 Samjin, Korea (SS 04/2025, DD 06/2023) was sold for USD 5,9 mill in June.

Tankers

Perenco has sold the VLCC “Bag Meur” 306/2000 Hyundai, Korea (SS/DD 08/2020) to Singaporean buyers Equatorial Marine at mid-high USD 21 mill. For reference, the smaller but Japanese built vessel “Kalamos” 281/2000 IHI, Japan was sold in June at USD 25 mill with SS/DD due as well.

The Aframax sister vessels “Ebn Batuta” 113/2002 Samho, Korea (SS 04/2022, DD 09/2020) & “Intisar” 113/2002 Samho, Korea (SS 05/2022, DD 10/2020) were sold to UAE buyers for USD 10,5 mill each. Remind you that a couple of weeks ago, the one year older “Minerva Astra” 106/2001 Daewoo, Korea (SS/DD 06/2021) was sold for low-mid USD 10 mill.

Norden has sold the MR2 “Nord Andes” 50/2011 Onomichi, Japan (SS/DD 09/2021) at mid-high USD 20 mill to Chinese buyers Xintong.

Baltic Indices

INDEX 4-Sep 28-Aug ± (%)

BDI 1.362 1.488 -8,47%

BCI 1.960 2.218 -11,63%

BPI 1.473 1.617 -8,91%

BSI 953 958 -0,52%

BHSI 569 570 -0,18%

Daily T/C Avg 4-Sep 28-Aug ± (%)

Capesize $ 16.252 $ 18.394 -11,65%

Kamsarmax $ 13.260 $ 14.549 -8,86%

Panamax $ 11.924 $ 13.213 -9,76%

Supramax $ 10.481 $ 10.537 -0,53%

Handysize 38 $ 10.246 $ 10.258 -0,12%

INDEX 4-Sep 28-Aug ± (%)

BDTI 466 474 -1,69% BCTI 477 485 -1,65%

-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 36



Capesize

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

Week 36 at the level of low/mid usd 7,00’s fio. A number of round trips on

the same route were reported around usd 22,000 pd levels. No period

activity to report here.

Kamsarmax / Panamax

North Pacific rounds ranged at the usd 12,500 pd. A number of Australian

trips into China were reported at around usd 14,000/15,000 pd levels.

Mediterranean trips via Black Sea into China were reported at the level of

usd 24,000 pd. Mediterranean trips via US Gulf and South Africa into China

were fixed around usd 20,600 pd. Mediterranean trips into Japan via US East

Coast were reported at the level of usd 26,500 pd. South American trips into

Continent were fixed around usd 18,000 pd. Usd 13,400 pd on a Kamsarmax

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

Ultramax / Supramax

A number of Indonesian trips into China were fixed at the level of usd 12,000

pd. Mediterranean trips via Black Sea into South East Asia were reported at

the level of usd 24,500 pd. Mediterranean trips via Black Sea into India were

fixed around usd 28,500 pd. Inter-Mediterranean trips via Continent with

scrap were reported at the level of usd 13,000 pd. South American trips into

China were fixed around usd 15,150 pd plus ballast bonus at the usd 510K.

Usd 10,650 pd on a Supramax for 4/6 months employment basis delivery in

the Pacific.

Handymax / Handysize

A generally quiet week for this segment. A number of West African trips via

Continent into South Africa were reported at the level of usd 10,300 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

4.000

8.000

12.000

16.000

$/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

12.000

$/d

ay

Handysize 38k

DRY BULK COMMENTARY



Bulk Carriers

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

Newcastlemax Azul Cielo 203.195 2005 Universal,

Japan 05/2023

MAN-

B&W - $ 14m

Chinese (Winning

Shipping)

p. obligation

executed, 6

months BBC

Newcastlemax Cape Daisy 203.153 2006 Universal,

Japan 04/2021

MAN-

B&W -

Region

$ 13m

Singaporean

(Berge Bulk)

Capesize Tete

Oldendorff 180.585 2011 Stx, Korea 05/2021

MAN-

B&W - $ 19,5m

Greek

(PrimeBulk)

Supramax Watford 57.022 2010 Cosco

Dalian,

China

01/2025 MAN-

B&W 4x30T

Region Mid

$ 8m Greek

Supramax Cas Avanca 55.561 2009 Hyundai-

Vinashin,

Vietnam

10/2024 MAN-

B&W 4x30T Mid $ 8m Far Eastern BWTS fitted

Supramax V Sanderling 50.307 2003 Kawasaki,

Japan 11/2020

MAN-

B&W 4x30,5T $ 5m Chinese

Handymax Explorer 47.639 1996 Oshima,

Japan 05/2021 B&W 4x25T $ 2,8m Chinese

Handysize Zeynep 33.476 2001 Hakodate,

Japan 02/2022 Mitsubishi 4x30T Low $ 4m Chinese

Handysize Transcenden

Time 32.688 2010

Jiangmen

Nanyang,

China

10/2025 MAN-

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

SS/DD

passed

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

VLCC Bag Meur 306.324 2000 Hyundai, Korea 08/2020 Sulzer Mid-High

$ 21m

Singaporean

(Equatorial

Marine)

Aframax Ebn Batuta 112.679 2002 Samho, Korea 04/2022 B&W $ 10,5m

UAE

DD 09/2020

Aframax Intisar 112.668 2002 Samho, Korea 05/2022 B&W $ 10,5m DD 10/2020

MR Nord Andes 49.962 2011 Onomichi, Japan 09/2021 MAN-

B&W

Mid-High

$ 20m

Chinese

(Xintong)

MR GT

Independence 30.957 1998 Minami-Nippon, Japan 05/2023 Mitsubishi $ 4,8m Undisclosed Methanol

REPORTED SALES



Indicative Demolition Prices

Country Price $/ldt

Bu

lke

rs

India 320

Bangladesh 330

Pakistan 340

Turkey 195

Tan

kers

India 340

Bangladesh 350

Pakistan 360

Turkey 205

Demolition Sales

Type Vessel Dwt YoB Ldt Price $/ldt Country Comments

Bulker Janice N 264.340 1995 28.200 340 India Green recycling

FSO Sriracha Eagle 96.168 1996 14.461 310 Undisclosed “As Is” Singapore

Bulker Panamax Energy 74.083 1998 7.475 402 Pakistan

Tanker Neusa 17.909 1982 5.914 206 Undisclosed “As Is” Brazil

Container Melanesian Chief 13.387 1990 5.889 325 India Green recycling

Tanker Norma 17.878 1982 5.869 200 Undisclosed “As Is” Brazil

Bulker Sea Hero 22.256 1990 5.017 350 Undisclosed Subcontinent option

Tanker Taganroga 6.297 1983 3.185 182 Undisclosed “As Is” Vladivostok

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 64.000 Tsuneishi Cebu,

Philippines 2022 Undisclosed

Singaporean (Grand Blue Shipping)

Tankers

Units Dwt Yard Delivery Price Owner Comments

2+2 115.000 GSI, China 2022 $ 60m Singaporean

(Vista Shipping)

LR2, LNG dual fuelled, 5years T/C

to Total

1+1 50.000 Hyundai-Vinashin,

Vietnam 2021/2022 $ 35m Undisclosed

1 50.000 Hyundai Mipo, Korea 2021 $ 35m Undisclosed

Containers

Units Teu Yard Delivery Price Owner Comments

6+6 1.800 Yangzijiang, China 2022 $ 22m Hong Kong (SITC)

2 668 Yiyang Zhonghai, China 2021 Undisclosed Chinese

(Hunan Huahang)

Gas

Units Cbm Yard Delivery Price Owner Comments

6 172.600 DSME, Korea 2023 Undisclosed Russian (Novatek)

2+1 98.000 Hyundai, Korea 2022 $ 110m Chinese (Zhejiang Satellite

Petroleum) VLEC

2 98.000 Samsung, Korea 2022 $ 110,5m Chinese (Zhejiang Satellite

Petroleum) VLEC

NEWBUILDING



0

10

20

30

40

50

20,514,5

85

15,510,5 7

26,5

1813,5

8,5

29,523

49

27

20

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

3626,5

1812

4936

2515,5

62

47

32,5

19,5

91

68

46

32,5

Mill

ion

US$

Tankers

VLCC

Suezmax

Aframax

MR

Prompt Resale 5 years 10 years 15 years

Bulkers Tankers

Size Age Week

36 Week

35 ± %

Size Age

Week 36

Week 35

± %

Capesize 180k Resale 49 49 0,00% VLCC 310k Resale 91 92 -1,09%

Capesize 180k 5 years 27 27 0,00% VLCC 310k 5 years 68 69 -1,45%

Capesize 180k 10 years 20 20 0,00% VLCC 300k 10 years 46 48 -4,17%

Capesize 170k 15 years 12,5 12,5 0,00% VLCC 300k 15 years 32,5 34 -4,41%

Kamsarmax 82k Resale 29,5 29,5 0,00% Suezmax 160k Resale 62 63 -1,59%

Kamsarmax 82k 5 years 23 23 0,00% Suezmax 160k 5 years 47 48 -2,08%

Panamax 76k 10 years 13,5 13,5 0,00% Suezmax 150k 10 years 32,5 34 -4,41%

Panamax 74k 15 years 8,5 8,5 0,00% Suezmax 150k 15 years 19,5 20 -2,50%

Ultramax 63k Resale 26,5 26,5 0,00% Aframax 110k Resale 49 49 0,00%

Ultramax 61k 5 years 18 18 0,00% Aframax 110k 5 years 36 36 0,00%

Supramax 58k 5 years 15,5 15,5 0,00% Aframax 105k 10 years 25 25 0,00%

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

Supramax 52k 15 years 7 7 0,00% MR 52k Resale 36 36 0,00%

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

Handysize 37k 5 years 14,5 14,5 0,00% MR 47k 10 years 18 18 0,00%

Handysize 32k 10 years 8,5 8,5 0,00% MR 45k 15 years 12 12 0,00%

Handysize 28k 15 years 5 5 0,00%

INDICATIVE PRICES



Currencies Currency 3-Sep 27-Aug ± (%)

EUR / USD 1,1852 1,1822 0,25% USD / JPY 106,19 106,57 -0,36%

USD / KRW 1.188,26 1.185,13 0,26% NOK / USD 0,1122 0,1122 0,00%

Commodities Commodity 3-Sep 27-Aug ± (%)

Brent Crude (BZ) 44,07 45,09 -2,26% WTI Crude Oil (WTI) 41,37 43,04 -3,88%

Natural Gas (NG) 2,49 2,58 -3,49% Gold (GC) 1.937,80 1.932,60 0,27%

Copper (HG) 2,96 2,98 -0,67% Wheat (W) 553,25 550,75 0,45%

1,06

1,08

1,10

1,12

1,14

1,16

1,18

1,20

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 3-Sep 27-Aug ± (%) Diana Shipping Inc (DSX) NYSE 1,40 1,41 -0,71% Euroseas Ltd (ESEA) NASDAQ 2,23 2,52 -11,51% Eagle Bulk Shipping Inc (EGLE) NASDAQ 2,53 2,54 -0,39% Navios Maritime Holdings Inc (NM) NYSE 1,83 1,89 -3,17% Navios Maritime Partners LP (NMM) NYSE 6,01 6,33 -5,06% Star Bulk Carriers Corp (SBLK) NASDAQ 6,45 6,76 -4,59% Seanergy Maritime Holdings Corp (SHIP) NASDAQ 0,45 0,47 -4,26%

Safe Bulkers Inc (SB) NYSE 1,04 1,09 -4,59% Golden Ocean Group Ltd (GOGL) NASDAQ 3,59 4,06 -11,58%

Stock Prices - Wet

Company Stock Exchange 3-Sep 27-Aug ± (%) Capital Product Partners LP (CPLP) NASDAQ 5,82 6,02 -3,32%

TOP Ships Inc (TOPS) NASDAQ 1,14 1,29 -11,63%

Tsakos Energy Navigation Ltd (TNP) NYSE 8,60 8,41 2,26%

Stock Prices - Other

Company Stock Exchange 3-Sep 27-Aug ± (%) Danaos Corp (DAC) NYSE 4,61 4,94 -6,68%

StealthGas Inc (GASS) NASDAQ 2,75 2,85 -3,51% Rio Tinto PLC (RIO) NYSE 60,25 61,21 -1,57% Vale SA (VALE) NYSE 11,24 10,93 2,84%

Archer-Daniels-Midland Co (ADM) NYSE 45,81 44,72 2,44% BHP Group Ltd (BHP) NYSE 53,15 55,04 -3,43%

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]

CONTACT DETAILS

mailto:[email protected]

weekly shipping market report week 36...weekly shipping market report - pg. 6 week 36 (28th aug to...

Documents