WEEKLY SHIPPING MARKET REPORT - pg. 1
Week 16 (10th Apr to 16th Apr 2020)
Bulkers
No sales to report this week.
Tankers
Limited S&P transactions for the wet sector. Indonesian buyers Waruna, who bought last month the MR1 “Baltic Commodore” 37/2003 Hyundai Mipo, Korea at USD 8,4 mill, are now acquiring Handytankers’ two-year-younger “Esther” 37/2005 Hyundai Mipo, Korea (SS/DD 04/2020) at a price of USD 8 mill. Moreover, Moller AP are selling M/T “Ribe Maersk” 35/2004 Guangzhou, China (DD 01/2022) to Indonesian buyers for region USD 8 mill.
Baltic Indices
INDEX 16-Apr 9-Apr ± (%)
BDI 726 635 14,33%
BCI 887 541 63,96%
BPI 821 813 0,98%
BSI 411 441 -6,80%
BHSI 281 306 -8,17%
Daily T/C Avg 16-Apr 9-Apr ± (%)
Capesize $ 9.223 $ 6.762 36,39%
Kamsarmax $ 7.392 $ 7.315 1,05%
Panamax $ 6.056 $ 5.979 1,29%
Supramax $ 4.522 $ 4.852 -6,80%
Handysize 38 $ 5.063 $ 5.509 -8,10%
INDEX 16-Apr 9-Apr ± (%)
BDTI 1.102 1.114 -1,08% BCTI 877 816 7,48%
-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
Tankers
BDTI BCTI
WEEKLY SHIPPING MARKET REPORT WEEK 16
WEEKLY SHIPPING MARKET REPORT - pg. 2
Week 16 (10th Apr to 16th Apr 2020)
Capesize
Iron ore rates on the West Australia / China route continued throughout
Week 16 at the level of mid usd 4,00’s fio. No period activity to report here.
Kamsarmax / Panamax
A number of Indonesian trips into China were reported at around usd
5,000/6,000 pd levels. A number of Australian trips into China were reported
at around usd 6,000/7,000 pd levels. Indian trips into China via South
America were reported at the level of usd 10,000/11,000 pd. Mediterranean
trips into China via Black Sea were fixed around usd 16,000 pd.
Mediterranean trips into Continent via South America were reported at the
level of usd 4,000/5,000 pd. Continental trips into China via Baltic were fixed
around usd 17,000 pd. South American trips into Continent were reported
at the level of usd 10,500 pd. South American trips into China were fixed
around usd 13,000/13,350 pd plus ballast bonus at the usd 300K/335K. No
period activity to report here.
Ultramax / Supramax
A number of Indonesian trips into China were reported at the level of usd
3,500/4,000 pd. Mediterranean trips into South America via Black Sea were
fixed around usd 4,500 pd for first 45 days and usd 9,000 pd thereafter. Usd
6,000 pd for first 40 days on a Supramax for 5/8 months employment basis
delivery in the Pacific and usd 8,000 pd for balance.
Handymax / Handysize
No fixture reported for this segment. No period activity to report here.
0
5.000
10.000
15.000
20.000
25.000
30.000
$/d
ay
Capesize
0
4.000
8.000
12.000
16.000
20.000
$/d
ay
Panamax
4.000
6.000
8.000
10.000
12.000
14.000
$/d
ay
Supramax
4.000
6.000
8.000
10.000
12.000
14.000
$/d
ay
Handysize 38k
DRY BULK COMMENTARY
WEEKLY SHIPPING MARKET REPORT - pg. 3
Week 16 (10th Apr to 16th Apr 2020)
Tankers
Type Name Dwt YoB Yard SS M/E Price Buyer Comments
MR Esther 36.939 2005 Hyundai Mipo,
Korea 04/2020 B&W $ 8m
Indonesian
(Waruna)
MR Ribe Maersk 34.806 2004 Guangzhou, China 02/2024 B&W Region
$ 8m Indonesian
Small Kappa Sea 6.308 2012 Chongqing
Dongfeng, China 06/2022 MaK $ 5m
Chinese
(Sinopec)
Small Armonia 6.295 2012 Chongqing
Dongfeng, China 06/2022 MaK $ 5m
Small Amazona 6.284 2012 Chongqing
Dongfeng, China 06/2022 MaK $ 5m
MPP / General Cargo
Type Name Dwt YoB Yard SS M/E Gear Price Buyer Comments
General
Cargo
G. O.
America 5.538 1999
Qingshan,
China Overdue MAN 2x40T $ 0,815m Chinese Auction sale
REPORTED SALES
WEEKLY SHIPPING MARKET REPORT - pg. 4
Week 16 (10th Apr to 16th Apr 2020)
Indicative Demolition Prices
Country Price $/ldt
Bu
lke
rs
India -
Bangladesh -
Pakistan -
Turkey -
Tan
kers
India -
Bangladesh -
Pakistan -
Turkey -
Demolition Sales
Type Vessel Dwt YoB Ldt Price $/ldt Country Comments
180
200
220
240
260
280
300
$/l
dt
Tankers
Turkey
180
200
220
240
260
280
300
$/l
dt
Bulkers
Turkey
320
340
360
380
400
420
440
460
$/l
dt
Tankers
India Bangladesh Pakistan
320
340
360
380
400
420
440
460$
/ld
t
Bulkers
India Bangladesh Pakistan
DEMOLITION
WEEKLY SHIPPING MARKET REPORT - pg. 5
Week 16 (10th Apr to 16th Apr 2020)
Bulk Carriers
Units Dwt Yard Delivery Price Owner Comments
4 325.000 Yangzijiang, China 2021 $ 75m Chinese (Bocomm Lease)
Tier III, LNG ready, BB Charter to KMarin against 25 years COA
to Vale
Tankers
Units Dwt Yard Delivery Price Owner Comments
2 300.000 Samsung, Korea 2022 $ 105m Malaysian (AET) LNG fueled, T/C to
Total
Gas
Units Cbm Yard Delivery Price Owner Comments
5 160.000 Zvezda, Russia 2022/2025 Undisclosed Russian (Novatek) LNG, Dual fueled
1 84.000 Kawasaki, Japan 2021 Undisclosed Japanese (Lino Kaiun
Kaisha)
Option declared, LPG fueled, T/C to
Equinor
NEWBUILDING
WEEKLY SHIPPING MARKET REPORT - pg. 6
Week 16 (10th Apr to 16th Apr 2020)
0
10
20
30
40
50
22,517
95,5
16,512
8
27
20
139,5
3023
50
27
21
13
Mill
ion
US$
BulkersCapesize
Kamsarmax
Panamax
Ultramax
Supramax
Handysize
Prompt Resale 5 years 10 years 15 years
0
20
40
60
80
100
120
4031
2012
5642,5
3119
70
5337,5
23,5
102
77
52
35
Mill
ion
US$
Tankers
VLCC
Suezmax
Aframax
MR
Prompt Resale 5 years 10 years 15 years
Bulkers Tankers
Size Age Week
16 Week
15 ± %
Size Age
Week 16
Week 15
± %
Capesize 180k Resale 50 50 0,00% VLCC 310k Resale 102 102 0,00%
Capesize 180k 5 years 27 27 0,00% VLCC 310k 5 years 77 77 0,00%
Capesize 180k 10 years 21 21 0,00% VLCC 300k 10 years 52 52 0,00%
Capesize 170k 15 years 13 13 0,00% VLCC 300k 15 years 35 35 0,00%
Kamsarmax 82k Resale 30 30 0,00% Suezmax 160k Resale 70 70 0,00%
Kamsarmax 82k 5 years 23 23 0,00% Suezmax 160k 5 years 53 53 0,00%
Panamax 76k 10 years 13 13 0,00% Suezmax 150k 10 years 37,5 37,5 0,00%
Panamax 74k 15 years 9,5 9,5 0,00% Suezmax 150k 15 years 23,5 23,5 0,00%
Ultramax 63k Resale 27 27 0,00% Aframax 110k Resale 56 56 0,00%
Ultramax 61k 5 years 20 20 0,00% Aframax 110k 5 years 42,5 42,5 0,00%
Supramax 58k 5 years 16,5 16,5 0,00% Aframax 105k 10 years 31 31 0,00%
Supramax 56k 10 years 12 12 0,00% Aframax 105k 15 years 19 19 0,00%
Supramax 52k 15 years 8 8 0,00% MR 52k Resale 40 40 0,00%
Handysize 38k Resale 22,5 22,5 0,00% MR 51k 5 years 31 31 0,00%
Handysize 37k 5 years 17 17 0,00% MR 47k 10 years 20 20 0,00%
Handysize 32k 10 years 9 9 0,00% MR 45k 15 years 12 12 0,00%
Handysize 28k 15 years 5,5 5,5 0,00%
INDICATIVE PRICES
WEEKLY SHIPPING MARKET REPORT - pg. 7
Week 16 (10th Apr to 16th Apr 2020)
Currencies Currency 15-Apr 9-Apr ± (%)
EUR / USD 1,0910 1,0930 -0,18% USD / JPY 107,46 108,49 -0,95%
USD / KRW 1.217,19 1.220,01 -0,23% NOK / USD 0,0951 0,0977 -2,66%
Commodities Commodity 15-Apr 9-Apr ± (%)
Brent Crude (BZ) 27,69 31,48 -12,04% WTI Crude Oil (WTI) 19,87 22,76 -12,70%
Natural Gas (NG) 1,60 1,73 -7,51% Gold (GC) 1.740,20 1.752,80 -0,72%
Copper (HG) 2,29 2,27 0,88% Wheat (W) 540,50 557,50 -3,05%
1,06
1,08
1,10
1,12
1,14
1,16
EUR / USD
10
20
30
40
50
60
70
80
$/b
bl
Oil PricesBrent Crude
WTI Crude
KEY INDICATORS
WEEKLY SHIPPING MARKET REPORT - pg. 8
Week 16 (10th Apr to 16th Apr 2020)
Stock Prices – Shipping Companies
Company Stock Exchange 15-Apr 9-Apr ± (%) Diana Shipping Inc (DSX) NYSE 1,74 1,41 23,40% Euroseas Ltd (ESEA) NASDAQ 2,27 2,13 6,57% Eagle Bulk Shipping Inc (EGLE) NASDAQ 1,76 1,87 -5,88% Navios Maritime Holdings Inc (NM) NYSE 2,23 2,04 9,31% Navios Maritime Partners LP (NMM) NYSE 7,22 5,80 24,48% Star Bulk Carriers Corp (SBLK) NASDAQ 6,02 5,68 5,99% Seanergy Maritime Holdings Corp (SHIP) NASDAQ 0,14 0,14 0,00% Safe Bulkers Inc (SB) NYSE 1,05 1,15 -8,70% Golden Ocean Group Ltd (GOGL) NASDAQ 3,44 3,29 4,56%
Stock Prices - Wet
Company Stock Exchange 15-Apr 9-Apr ± (%) Capital Product Partners LP (CPLP) NASDAQ 7,39 7,73 -4,40% TOP Ships Inc (TOPS) NASDAQ 0,23 0,29 -20,69% Tsakos Energy Navigation Ltd (TNP) NYSE 2,75 2,82 -2,48%
Stock Prices - Other
Company Stock Exchange 15-Apr 9-Apr ± (%) Danaos Corp (DAC) NYSE 4,63 4,41 4,99% StealthGas Inc (GASS) NASDAQ 2,06 1,99 3,52% Rio Tinto PLC (RIO) NYSE 46,02 47,66 -3,44% Vale SA (VALE) NYSE 8,26 8,50 -2,82% Archer-Daniels-Midland Co (ADM) NYSE 35,49 37,58 -5,56% BHP Group Ltd (BHP) NYSE 38,41 39,51 -2,78%
SHIPPING INDICATIVE SHARE VALUE
WEEKLY SHIPPING MARKET REPORT - pg. 9
Week 16 (10th Apr to 16th Apr 2020)
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: Capt. 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 6948 03 69 79
Operations Department:
Katsouli Fotini Mob: +30 6942 54 23 57
Chief Executive Consultant:
Capt. Galonis Dimitrios Mob: +30 6945 55 36 81
E-mail: [email protected]
E-mail: [email protected]
E-mail: [email protected]
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 6977 98 47 32
Paraskevopoulou Mina Mob: +30 6983 05 77 81
Dienis Angelos Mob: +30 6945 64 97 73
Ploumpis Stefanos Mob: +30 6951 00 24 36
Drakas Steve Mob: +30 6944 32 60 21
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: Chronopoulou Fenia Mob: +30 6932 34 94 50
“ 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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