weekly shipping market report week 3 · 2021. 1. 27. · weekly shipping market report - pg. 2 week...

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WEEKLY SHIPPING MARKET REPORT - pg. 1 Week 3 (15 th Jan to 22 nd Jan 2021) Bulkers Libya’s General National Maritime Transport Co (GNMTC) sold their Capesize Jabal Nafusa” 169/2011 Daehan, Korea (SS/DD 01/2021) to Greek buyers Minerva Marine for region mid USD 15 mill. Take into consideration that the one-year-older sister vessel “Cape Providence” 169/2010 Daehan, Korea was sold a week ago in an auction at 18,1 mill basis surveys overdue. Global United Shipping have committed their Panamax “Ocean Trader I76/2006 Imabari, Japan (SS/DD 03/2021) to undisclosed buyers for USD 8,7 mill. Remind you that a week ago, the “CMB Sakura” 75/2006 Sanoyas, Japan (SS 09/2021, DD 06/2021) was committed at USD 7,8 mill, which was rumored to be in a bad condition. After having received 8 offers in total, Asia Pacific Shipping have finally committed their BWTS fitted Ultramax “Asia Ruby I” 63/2014 Jinling, China (SS 03/2024, DD 03/2022) for USD 15,4 mill to Greek buyers Common Progress, while Scorpio Bulkers sold two of their scrubber & BWTS fitted vessels to German buyers Reederei Nord, the sisters “Sbi Leo” & “Sbi Lyra61/2015 DACKS, China (SS 02/2025, DD 01/2023 both) for USD 35 mill enbloc. Navigation Maritime Bulgare have sold their BWTS fitted Handysize Rodina” 38/2009 Jiangsu Eastern, China (SS 09/2024, DD 10/2022) to Danish buyers Clipper for USD 8 mill, while Valerie’s one-year-younger sister vessel “Marina R” 38/2010 Jiangsu Eastern, China (SS 08/2025, DD 06/2023) was sold to Chinese buyers for USD 7,25 mill. Remind you that back in November, Clipper had also bought the sister vessel “Rook” 38/2010 Jiangsu Eastern, China at USD 6 mill basis SS/DD due. In addition, the “Michel Selmer” 33/2010 Samjin, China (SS/DD 02/2021) owned by Ambra Shipmanagement, was committed to Greek buyers at low-mid USD 6 mill. Tankers Awilco sold two scrubber fitted VLCCs, the “Eco Future” & “Eco Queen300/2016 Daewoo, Korea (SS/DD 08/2021 & 09/2021 respectively) to DHT Holdings for USD 68 mill each. Moreover, Greek buyers Delta Tankers acquired the scrubber fitted “Hudson” 297/2017 HHIC, Philippines (SS/DD 06/2022) for USD 71,5 mill. Note that back in November, the one-year- younger scrubber fitted sister vessel “TRF Horten” 297/2018 HHIC, Philippines (SS 10/2023, DD 10/2021) was sold to Delta Tankers at USD 71 mill. The MR2 “FSL Osaka” 46/2007 Shin Kurushima, Japan (SS/DD 08/2022) of First Ship Lease was committed to Indonesian buyers for USD 11,3 mill. For comparison reasons, the one-year-older “Ardmore Seamariner” Minami- Nippon, Japan (SS/DD 10/2021) was sold a month ago at USD 10,3 mill. Baltic Indices INDEX 22-Jan 15-Jan ± (%) BDI 1.810 1.754 3,19% BCI 2.970 2.893 2,66% BPI 1.659 1.616 2,66% BSI 1.142 1.086 5,16% BHSI 670 653 2,60% Daily T/C Avg 22-Jan 15-Jan ± (%) Capesize $ 24.631 $ 23.989 2,68% Kamsarmax $ 14.934 $ 14.545 2,67% Supramax 58 $ 12.566 $ 11.951 5,15% Handysize 38 $ 12.056 $ 11.745 2,65% INDEX 22-Jan 15-Jan ± (%) BDTI 512 493 3,85% BCTI 510 465 9,68% 0 1.000 2.000 3.000 4.000 5.000 Bulkers B.D.I B.C.I B.P.I. B.S.I. B.H.S.I. 0 200 400 600 800 Tankers BDTI BCTI WEEKLY SHIPPING MARKET REPORT WEEK 3

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  • WEEKLY SHIPPING MARKET REPORT - pg. 1

    Week 3 (15th Jan to 22nd Jan 2021)

    Bulkers Libya’s General National Maritime Transport Co (GNMTC) sold their Capesize “Jabal Nafusa” 169/2011 Daehan, Korea (SS/DD 01/2021) to Greek buyers Minerva Marine for region mid USD 15 mill. Take into consideration that the one-year-older sister vessel “Cape Providence” 169/2010 Daehan, Korea was sold a week ago in an auction at 18,1 mill basis surveys overdue.

    Global United Shipping have committed their Panamax “Ocean Trader I” 76/2006 Imabari, Japan (SS/DD 03/2021) to undisclosed buyers for USD 8,7 mill. Remind you that a week ago, the “CMB Sakura” 75/2006 Sanoyas, Japan (SS 09/2021, DD 06/2021) was committed at USD 7,8 mill, which was rumored to be in a bad condition.

    After having received 8 offers in total, Asia Pacific Shipping have finally committed their BWTS fitted Ultramax “Asia Ruby I” 63/2014 Jinling, China (SS 03/2024, DD 03/2022) for USD 15,4 mill to Greek buyers Common Progress, while Scorpio Bulkers sold two of their scrubber & BWTS fitted vessels to German buyers Reederei Nord, the sisters “Sbi Leo” & “Sbi Lyra” 61/2015 DACKS, China (SS 02/2025, DD 01/2023 both) for USD 35 mill enbloc.

    Navigation Maritime Bulgare have sold their BWTS fitted Handysize “Rodina” 38/2009 Jiangsu Eastern, China (SS 09/2024, DD 10/2022) to Danish buyers Clipper for USD 8 mill, while Valerie’s one-year-younger sister vessel “Marina R” 38/2010 Jiangsu Eastern, China (SS 08/2025, DD 06/2023) was sold to Chinese buyers for USD 7,25 mill. Remind you that back in November, Clipper had also bought the sister vessel “Rook” 38/2010 Jiangsu Eastern, China at USD 6 mill basis SS/DD due. In addition, the “Michel Selmer” 33/2010 Samjin, China (SS/DD 02/2021) owned by Ambra Shipmanagement, was committed to Greek buyers at low-mid USD 6 mill.

    Tankers Awilco sold two scrubber fitted VLCCs, the “Eco Future” & “Eco Queen” 300/2016 Daewoo, Korea (SS/DD 08/2021 & 09/2021 respectively) to DHT Holdings for USD 68 mill each. Moreover, Greek buyers Delta Tankers acquired the scrubber fitted “Hudson” 297/2017 HHIC, Philippines (SS/DD 06/2022) for USD 71,5 mill. Note that back in November, the one-year-younger scrubber fitted sister vessel “TRF Horten” 297/2018 HHIC, Philippines (SS 10/2023, DD 10/2021) was sold to Delta Tankers at USD 71 mill.

    The MR2 “FSL Osaka” 46/2007 Shin Kurushima, Japan (SS/DD 08/2022) of First Ship Lease was committed to Indonesian buyers for USD 11,3 mill. For comparison reasons, the one-year-older “Ardmore Seamariner” Minami-Nippon, Japan (SS/DD 10/2021) was sold a month ago at USD 10,3 mill.

    Baltic Indices

    INDEX 22-Jan 15-Jan ± (%)

    BDI 1.810 1.754 3,19%

    BCI 2.970 2.893 2,66%

    BPI 1.659 1.616 2,66%

    BSI 1.142 1.086 5,16%

    BHSI 670 653 2,60%

    Daily T/C Avg 22-Jan 15-Jan ± (%)

    Capesize $ 24.631 $ 23.989 2,68%

    Kamsarmax $ 14.934 $ 14.545 2,67%

    Supramax 58 $ 12.566 $ 11.951 5,15%

    Handysize 38 $ 12.056 $ 11.745 2,65%

    INDEX 22-Jan 15-Jan ± (%)

    BDTI 512 493 3,85% BCTI 510 465 9,68%

    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

    200

    400

    600

    800Tankers

    BDTI BCTI

    WEEKLY SHIPPING MARKET REPORT WEEK 3

  • WEEKLY SHIPPING MARKET REPORT - pg. 2

    Week 3 (15th Jan to 22nd Jan 2021)

    Capesize

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

    Week 03 at the level of low/mid usd 8,00’s fio. No period activity to report

    here.

    Kamsarmax / Panamax

    CIS Pacific rounds ranged at the usd 12,000 pd. At the end of last week, the

    Kamsarmax/Panamax market cooled off for all trades save for Baltic cargo

    breaches and ECSA grain hauls. This trend has continued into this week and

    we see owners booking forward cargos far below current spot earnings.

    Average daily earnings for Kamsarmaxes /Panamaxes, which usually carry

    grain cargoes were up to usd 14,250/16,000 pd. On the period front, a

    Kamsarmax was reported fixed in the usd 14,000 pd for 5/8 months

    employment basis delivery in the Pacific.

    Ultramax / Supramax

    The market remains firm after a good start of the year. North Pacific rounds

    ranged at the usd 13,000 pd. CIS Pacific rounds ranged at the usd 12,000 pd.

    A 56,800-dwt delivering North China were reported to be fixed at usd 9,250

    pd for a trip into South East Asia with steels. No period activity to report

    here.

    Handymax / Handysize

    A generally quiet week for this segment with limited fresh information. The

    East Coast South America market was positive for the Handysizes. A 39,000-

    dwt has been fixed around usd 14,250 pd basis delivery South Brazil for one

    trip into West Africa with sugar. For a similar trip, a 35,000-dwt took usd

    13,000 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

    20.000

    $/d

    ay

    Kamsarmax

    0

    3.000

    6.000

    9.000

    12.000

    15.000

    $/d

    ay

    Supramax

    0

    3.000

    6.000

    9.000

    12.000

    15.000

    $/d

    ay

    Handysize 38k

    DRY BULK COMMENTARY

  • WEEKLY SHIPPING MARKET REPORT - pg. 3

    Week 3 (15th Jan to 22nd Jan 2021)

    Bulk Carriers

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

    Capesize Cape Mars 175.775 2003 CSBC, Taiwan 07/2023 B&W - $ 10,1m Chinese

    Capesize Jabal

    Nafusa 169.097 2011

    Daehan,

    Korea 01/2021

    MAN-

    B&W -

    Region Mid

    $ 15m

    Greek

    (Minerva

    Marine)

    Kamsarmax AP Jadran 79.336 2012

    Jiangsu

    Eastern,

    China

    11/2022 MAN-

    B&W -

    Undisclosed Chinese (Avic

    Leasing)

    Sale &

    Leaseback

    Kamsarmax AP Argosy 79.223 2012

    Jiangsu

    Eastern,

    China

    04/2022 MAN-

    B&W -

    Panamax Ocean

    Trader I 76.596 2006

    Imabari,

    Japan 03/2021

    MAN-

    B&W - $ 8,7m Undisclosed

    Ultramax Asia Ruby I 62.985 2014 Jinling, China 03/2024 MAN-

    B&W 4x36T $ 15,4m

    Greek

    (Common

    Progress)

    BWTS fitted

    Ultramax Sbi Leo 61.614 2015 DACKS, China 02/2025 MAN-

    B&W 4x30T

    $ 35m

    enbloc

    German

    (Reederei

    Nord)

    Scrubber fitted

    BWTS fitted

    Ultramax Sbi Lyra 61.559 2015 DACKS, China 02/2025 MAN-

    B&W 4x30T

    Scrubber fitted

    BWTS fitted

    Supramax AP Slano 57.300 2012 Stx, Korea 05/2022 MAN-

    B&W 4x30T

    USA

    (Northern

    Shipping Fund

    Management)

    Supramax AP Astarea 57.239 2012 Stx, Korea 04/2022 MAN-

    B&W 4x36T Undisclosed

    Sale &

    Leaseback

    Handysize AP Dubrava 38.703 2015 Qingshan,

    China 07/2025

    MAN-

    B&W 4x30T

    Supramax EM

    Sapphire 54.768 2009

    Oshima,

    Japan 12/2023

    MAN-

    B&W 4x30T $ 9,75m Undisclosed

    Supramax Ever

    Loading 52.262 2001

    Daedong,

    Korea 06/2021

    MAN-

    B&W 4x25T High $ 4m Undisclosed

    Handysize Rodina 37.852 2009

    Jiangsu

    Eastern,

    China

    09/2024 Wartsila 4x30T $ 8m Danish

    (Clipper) BWTS fitted

    Handysize Marina R 37.785 2010

    Jiangsu

    Eastern,

    China

    08/2025 Wartsila 4x30T $ 7,25m Chinese

    Handysize Michel

    Selmer 33.694 2010 Samjin, China 02/2021

    MAN-

    B&W 4x35T

    Low-Mid

    $ 6m Greek

    Handysize Jupiter Ace 32.527 2009

    Zhejiang

    Hongxin,

    China

    12/2024 MAN-

    B&W 4x30T $ 5,9m Undisclosed

    REPORTED SALES

  • WEEKLY SHIPPING MARKET REPORT - pg. 4

    Week 3 (15th Jan to 22nd Jan 2021)

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

    VLCC Sino Macro 311.168 1999 Hyundai, Korea 08/2022 B&W $ 20,5m Chinese

    Class

    suspended &

    overdue

    VLCC Eco Future 299.999 2016 Daewoo, Korea 08/2021 MAN-

    B&W $ 68m

    DHT Holdings

    Scrubber fitted

    VLCC Eco Queen 299.985 2016 Daewoo, Korea 09/2021 MAN-

    B&W $ 68m Scrubber fitted

    VLCC Hudson 297.638 2017 HHIC, Philippines 06/2022 MAN-

    B&W $ 71,5m

    Greek (Delta

    Tankers) Scrubber fitted

    Suezmax Tove Knutsen 152.601 2020 Hyundai, Korea 09/2025 MAN-

    B&W $ 117,8m UK based Shuttle tanker

    Aframax Saint

    Nicholas 105.541 2002 Samho, Korea 06/2022

    MAN-

    B&W Undisclosed Indian

    Old sale,

    Delivered

    LR2 Sti Lombard 109.999 2015 Daehan, Korea 08/2025 MAN-

    B&W

    Undisclosed Chinese (Avic

    Leasing)

    Sale &

    Leaseback

    MR Sti Memphis 49.995 2014 Spp, Korea 11/2024 MAN-

    B&W

    MR Sti Soho 49.990 2014 Spp, Korea 12/2024 MAN-

    B&W

    MR Sti Osceola 49.990 2015 Hyundai Mipo, Korea 04/2025 MAN-

    B&W

    MR Undine 47.999 2004 Iwagi, Japan 03/2024 MAN-

    B&W $ 9,75m

    Middle

    Eastern

    MR Fsl Osaka 45.998 2007 Shin Kurushima, Japan 08/2022 Mitsubishi $ 11,3m Indonesian

    MR Argent Bloom 33.609 2009 Kitanihon, Japan 01/2024 Mitsubishi $ 19,2m Norwegian

    (EGD Holding)

    St St

    MR Liberty 33.609 2009 Kitanihon, Japan 09/2023 Mitsubishi $ 19,2m St St

    Chemical/Oil

    Products

    Chemroute

    Sun 25.615 2008 Shin Kurushima, Japan 07/2022 Mitsubishi $ 15,2m

    UK based

    (Tufton

    Oceanic)

    Chemical/Oil

    Products Olmeca 15.472 2003 Fukuoka, Japan 08/2023 B&W $ 5,25m Chinese

    St St, Old sale,

    Delivered

    Chemical/Oil

    Products

    Bro

    Distributor 14.907 2006 Jinling, China 09/2021 MAN

    Undisclosed Indonesian

    (BULL)

    Cash & Shares

    deal

    Chemical/Oil

    Products Bro Designer 14.846 2006 Jinling, China 06/2021 MAN

    Chemical/Oil

    Products Bro Deliverer 14.766 2006 Jinling, China 04/2021 MAN

    Chemical/Oil

    Products

    Bro

    Developer 14.737 2007 Jinling, China 02/2022 MAN

    REPORTED SALES

  • WEEKLY SHIPPING MARKET REPORT - pg. 5

    Week 3 (15th Jan to 22nd Jan 2021)

    Tankers (Continued)

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

    Chemical/Oil

    Products Asavari 13.094 2009 Sekwang, Korea 07/2024

    MAN-

    B&W Low $ 6m Far Eastern

    Chemical/Oil

    Products Ocean Hawk 9.010 2007 Yangzhou, China 03/2021 Yanmar $ 3,1m Far Eastern

    Old bank sale,

    Delivered

    Bunkering Guang Hui

    328 4.261 2016 Rizhao Kingda, China 01/2021 Wartsila $ 5,85m

    Chinese

    (Shandong

    Port Shipping)

    Auction sale

    Containers

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

    Post

    Panamax MSC Roma 9.178 2006

    Samsung,

    Korea 12/2021

    MAN-

    B&W - Undisclosed

    Greek

    (Technomar)

    Post

    Panamax

    Maersk

    Kampala 6.802 2001 Hyundai, Korea 05/2021 Sulzer - Undisclosed

    German

    (Bernhard

    Schulte)

    Post

    Panamax

    Maersk

    Kalmar 6.690 1998 IHI, Japan 06/2023 Sulzer -

    Undisclosed Greek

    (Technomar)

    Post

    Panamax

    Maersk

    Kimi 6.690 1998 IHI, Japan 07/2023 Sulzer -

    Panamax Halifax

    Express 4.843 2000 Hyundai, Korea 02/2021

    MAN-

    B&W - Undisclosed Taiwanese

    Panamax Tim S 3.398 2005 Hanjin, Korea 01/2021 MAN-

    B&W - $ 10,1m Undisclosed

    Sub

    Panamax

    Maersk

    Palermo 2.890 1998

    Kvaerner

    Warnow,

    Germany

    09/2023 B&W -

    Undisclosed Greek

    (Conbulk)

    Sub

    Panamax

    Maersk

    Penang 2.890 1998

    Kvaerner

    Warnow,

    Germany

    06/2023 B&W -

    Sub

    Panamax Angol 2.797 2010 Yangfan, China 03/2025

    MAN-

    B&W -

    $ 20m

    enbloc

    Greek

    (Lomar

    Shipping)

    Sub

    Panamax Angeles 2.797 2010 Yangfan, China 04/2025

    MAN-

    B&W -

    Feeder Kota

    Nelayan 1.810 2010 Dalian, China 04/2025

    MAN-

    B&W 2x40T $ 7,8m

    German

    (Briese

    Schiffahrts)

    Gas

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

    LNG LNG Pioneer 77.712 2005 Daewoo,

    Korea 07/2025 Kawasaki 135.359 $ 37m Chinese

    LPG Oriental

    Queen 53.194 2004

    Universal,

    Japan 11/2022 B&W 80.874 $ 40,3m Undisclosed

    REPORTED SALES

  • WEEKLY SHIPPING MARKET REPORT - pg. 6

    Week 3 (15th Jan to 22nd Jan 2021)

    Indicative Demolition Prices

    Country Price $/ldt

    Bu

    lke

    rs

    India 415

    Bangladesh 430

    Pakistan 415

    Turkey 265

    Tan

    kers

    India 420

    Bangladesh 440

    Pakistan 425

    Turkey 270

    Demolition Sales

    Type Vessel Dwt YoB Ldt Price $/ldt Country Comments

    Bulker Stellar Pioneer 298.624 1994 46.048 431 Undisclosed “As Is” Labuan

    Bulker Stellar Topaz 298.468 1994 45.865 431 Undisclosed “As Is” Labuan

    General Cargo Dalian 29.827 2004 12.291 480 Bangladesh

    Bulker Seapol Endeavour 45.758 1996 8.100 431 Bangladesh

    Bulker KT 02 45.146 1998 8.035 489 Bangladesh

    Bulker Anda Raya 49.016 1996 7.925 469 Bangladesh

    Bulker KT 05 47.375 1998 7.455 489 Bangladesh

    Tanker Rennes 5.278 1994 1.710 430 Undisclosed

    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

    260280300320340360380400420440460480500

    $/l

    dt

    Tankers

    India Bangladesh Pakistan

    260280300320340360380400420440460480500

    $/l

    dt

    Bulkers

    India Bangladesh Pakistan

    DEMOLITION

  • WEEKLY SHIPPING MARKET REPORT - pg. 7

    Week 3 (15th Jan to 22nd Jan 2021)

    Bulk Carriers Units Dwt Yard Delivery Price Owner Comments

    1 82.000 Chengxi, China 2022 Undisclosed Chinese (Guangdong

    Shipping)

    4 66.000 YAMIC, China 2022/2023 $ 26m Bangladeshi (Meghna

    Group)

    Tankers

    Units Dwt Yard Delivery Price Owner Comments

    1 156.500 New Times, China 2022 $ 52m Greek (Avin International) Dual fuelled,

    Ammonia-ready

    1 50.000 Hyundai Vinashin,

    Vietnam 2022 $ 35m Japanese

    1 9.000 Wuhu Xinlian, China 2021

    About $ 100m Chinese (Shanghai

    Dingheng Shipping)

    St St

    5 6.600 Wuhu Xinlian, China 2021 St St

    Containers Units Teu Yard Delivery Price Owner Comments

    3 1.100 Tsuneishi Zhoushan,

    China 2022 $ 20m

    Chinese (Taican Container Lines)

    Gas Units Cbm Yard Delivery Price Owner Comments

    1+2 174.000 Hyundai Samho, Korea 2023 $ 182,5m Russian (Sovcomflot) LNG, T/C to Total

    2+2 93.000 Jiangnan, China 2023 $ 76m Chinese (Oriental Energy) LPG fuelled

    2 91.000 DSME, Korea 2023 $ 77,5m Norwegian (Avance Gas) LPG dual fuel

    1 91.000 Hyundai, Korea 2022 Undisclosed Korean (KSS Line) LPG dual fuel

    1+1 40.000 Hyundai Mipo, Korea 2023 $ 48m UK based

    (Union Maritime) LPG

    NEWBUILDING

  • WEEKLY SHIPPING MARKET REPORT - pg. 8

    Week 3 (15th Jan to 22nd Jan 2021)

    0

    10

    20

    30

    40

    50

    20,514,5

    8,55

    16,5

    117

    26,5

    1915

    8,8

    29,523

    49

    28

    20,514,5

    Mill

    ion

    US$

    BulkersCapesize

    Kamsarmax

    Panamax

    Ultramax

    Supramax

    Handysize

    Prompt Resale 5 years 10 years 15 years

    0

    20

    40

    60

    80

    100

    3627,5

    18,512

    4534

    2215

    58

    4530,5

    18,5

    88

    65

    46

    32,5

    Mill

    ion

    US$

    Tankers

    VLCC

    Suezmax

    Aframax

    MR

    Prompt Resale 5 years 10 years 15 years

    Bulkers Tankers

    Size Age Week

    3 Week

    2 ± %

    Size Age

    Week 3

    Week 2

    ± %

    Capesize 180k Resale 49 49 0,00% VLCC 310k Resale 88 88 0,00%

    Capesize 180k 5 years 28 28 0,00% VLCC 310k 5 years 65 65 0,00%

    Capesize 180k 10 years 20,5 19,5 5,13% VLCC 300k 10 years 46 46 0,00%

    Capesize 170k 15 years 14,5 12,5 16,00% VLCC 300k 15 years 32,5 32,5 0,00%

    Kamsarmax 82k Resale 29,5 29,5 0,00% Suezmax 160k Resale 58 58 0,00% Kamsarmax 82k 5 years 23 23 0,00% Suezmax 160k 5 years 45 45 0,00% Panamax 76k 10 years 15 15 0,00% Suezmax 150k 10 years 30,5 30,5 0,00%

    Panamax 74k 15 years 8,8 8,5 3,53% Suezmax 150k 15 years 18,5 18,5 0,00%

    Ultramax 63k Resale 26,5 26,5 0,00% Aframax 110k Resale 45 45 0,00%

    Ultramax 61k 5 years 19 18,5 2,70% Aframax 110k 5 years 34 34 0,00%

    Supramax 58k 5 years 16,5 16,5 0,00% Aframax 105k 10 years 22 22 0,00%

    Supramax 56k 10 years 11 10,5 4,76% Aframax 105k 15 years 15 15 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 27,5 27,5 0,00%

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

  • WEEKLY SHIPPING MARKET REPORT - pg. 9

    Week 3 (15th Jan to 22nd Jan 2021)

    Currencies Currency 21-Jan 14-Jan ± (%)

    EUR / USD 1,2164 1,2155 0,07% USD / JPY 103,50 103,80 -0,29%

    USD / KRW 1.098,27 1.098,16 0,01% NOK / USD 0,1190 0,1181 0,76%

    Commodities Commodity 21-Jan 14-Jan ± (%)

    Brent Crude (BZ) 56,10 56,42 -0,57% WTI Crude Oil (WTI) 53,13 53,57 -0,82%

    Natural Gas (NG) 2,49 2,67 -6,74% Gold (GC) 1.869,30 1.851,40 0,97%

    Copper (HG) 3,65 3,67 -0,54% Wheat (W) 660,75 670,00 -1,38%

    1,06

    1,08

    1,10

    1,12

    1,14

    1,16

    1,18

    1,20

    1,22

    1,24

    EUR / USD

    0

    10

    20

    30

    40

    50

    60

    70

    $/b

    bl

    Oil Prices

    Brent Crude

    WTI Crude

    KEY INDICATORS

  • WEEKLY SHIPPING MARKET REPORT - pg. 10

    Week 3 (15th Jan to 22nd Jan 2021)

    Stock Prices – Shipping Companies Company Stock Exchange 21-Jan 14-Jan ± (%)

    Diana Shipping Inc (DSX) NYSE 2,42 2,36 2,54% Euroseas Ltd (ESEA) NASDAQ 7,90 7,38 7,05% Eagle Bulk Shipping Inc (EGLE) NASDAQ 22,31 24,05 -7,23% Navios Maritime Holdings Inc (NM) NYSE 3,45 3,90 -11,54% Navios Maritime Partners LP (NMM) NYSE 13,57 14,69 -7,62% Star Bulk Carriers Corp (SBLK) NASDAQ 11,17 12,03 -7,15% Seanergy Maritime Holdings Corp (SHIP) NASDAQ 1,01 0,83 21,69%

    Safe Bulkers Inc (SB) NYSE 1,83 1,92 -4,69% Golden Ocean Group Ltd (GOGL) NASDAQ 5,50 5,32 3,38%

    Stock Prices - Wet Company Stock Exchange 21-Jan 14-Jan ± (%)

    Capital Product Partners LP (CPLP) NASDAQ 9,52 9,67 -1,55%

    TOP Ships Inc (TOPS) NASDAQ 1,64 1,61 1,86%

    Tsakos Energy Navigation Ltd (TNP) NYSE 8,88 9,12 -2,63%

    Stock Prices - Other Company Stock Exchange 21-Jan 14-Jan ± (%)

    Danaos Corp (DAC) NYSE 28,36 29,09 -2,51%

    StealthGas Inc (GASS) NASDAQ 2,72 2,85 -4,56% Rio Tinto PLC (RIO) NYSE 82,39 84,84 -2,89% Vale SA (VALE) NYSE 17,47 18,94 -7,76%

    Archer-Daniels-Midland Co (ADM) NYSE 52,79 52,87 -0,15% BHP Group Ltd (BHP) NYSE 72,33 73,88 -2,10%

    SHIPPING INDICATIVE SHARE VALUE

  • WEEKLY SHIPPING MARKET REPORT - pg. 11

    Week 3 (15th Jan to 22nd Jan 2021)

    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

    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

    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]

    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 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]

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