weekly shipping market report week 49

WEEKLY SHIPPING MARKET REPORT - pg. 1

Week 49 (29th Nov to 6th Dec 2019)

Bulkers

Kotobuki Kaiun have sold their Newcastlemax “Azul Fortuna” 203/2005 Universal, Japan (DD 07/2020) to UK based Zodiac Maritime at a price of USD 15,8 mill. Please note that her one-year-older sister vessel “Azul Integra” 203/2004 Universal, Japan was sold last month at the exact same levels. Capesize “Bulk Harvest” 176/2012 Jinhai, China (DD 05/2020) of HNA Group was sold to undisclosed buyers for USD 19 mill. Remind you that back in September, her two-years-younger sister vessel “Bulk Success” 176/2014 Jinhai, China was sold for USD 24,3 mill. Biko Kisen have sold their Panamax “Coral Emerald” 76/2007 Sanoyas Hishino, Japan (SS/DD 01/2021) to Greek buyers for a price of USD 11 mill. Last similar sale was in October when the two-years-older “Real Happiness” 77/2005 Imabari, Japan was sold at USD 10,2 mill. Luhai’s Supramax “Baoxiang” 57/2013 Xiamen, China (DD 05/2021) was sold to Chinese buyers EGPN for USD 11,5 mill while in October, the two-years-older “Anogyra” 57/2011 Jiangdong, China was sold at USD 10,2 mill. In addition, “Yasa Ozcan” 56/2006 Mitsui, Japan (SS/DD 01/2021) of Ya Sa Shipping was sold to Indonesian buyers Guritas Lintas for USD 10,6 mill whilst the one-year-younger “Stove Phoenix” 56/2007 Kawasaki, Japan was sold at USD 11,2 mill. Handysize “Brazen” 28/2014 Imabari, Japan (SS/DD passed 08/2019) of Blue Wall Shipping was sold to German buyers for USD 9,5 mill. Note that a couple of weeks ago, the two-years-older “Prinsesa Maganda” 28/2012 I-S, Japan was sold at USD 8,6 mill.

Tankers

China VLCC are selling two of their VLCC’s, “New Medal” 297/2009 Shanghai Jiangnan, China (DD 11/2021) & “New Globe” 296/2009 Bohai, China (DD 01/2022) to Turkish buyers Advantage Tankers at a price of USD 42 mill each. Suezmax “Ashkini Spirit” 165/2003 Hyundai Samho, Korea (DD 12/2020) of Teekay Corp was sold to Greek buyers for USD 19,4 mill. Remind you that last month, the two-years-younger “Cape Bari” & “Cape Bastia” 159/2005 HHI, Korea were sold at levels USD 23 mill each. HSM Products have sold their MR “New Legend” 47/2000 Onomichi, Japan (SS/DD 11/2020) to Taiwanese buyers Winson Shipping for USD 8 mill. Note that a couple of weeks ago, M/T “Susanne Victory” 48/2000 Sanoyas, Japan was sold at USD 8,5 mill.

Baltic Indices

INDEX 6-Dec 29-Nov ± (%)

BDI 1.558 1.528 1,96%

BCI 3.273 3.131 4,54%

BPI 1.347 1.225 9,96%

BSI 835 816 2,33%

BHSI 507 505 0,40%

Daily T/C Avg 6-Dec 29-Nov ± (%)

Capesize $ 23.704 $ 23.865 -0,67%

Kamsarmax $ 11.811 $ 10.758 9,79%

Panamax $ 10.794 $ 9.822 9,90%

Supramax $ 9.526 $ 9.277 2,68%

Handysize 38 $ 9.122 $ 9.067 0,61%

Handysize 28 $ 7.367 $ 7.326 0,56%

INDEX 5-Dec 28-Nov ± (%)

BDTI 1.286 1.283 0,23% BCTI 809 940 -13,94%

0

1.000

2.000

3.000

4.000

5.000

6.000Bulkers

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 49



Capesize

Week 49 found iron ore freight rates on the West Australia / China route at

the level of mid usd 10,00’s fio. No period activity to report here.

Kamsarmax / Panamax

A number of Indonesian and Australian coal trips into China were reported

at around usd 11,000/12,000 pd levels. A number of Indonesian and

Australian coal trips into India were reported at the levels of usd

10,000/11,000 pd. West African trips into India via US Gulf and Suez were

reported at the level of usd 17,000 pd. Mediterranean trips into China via

Black Sea were fixed around usd 22,000 pd. Continental trips via US East

Coast into Mediterranean were reported at the level of usd 14,000 pd. South

American trips into Continent with grains were fixed around usd 16,500 pd.

South American trips into China were reported at around usd 13,000/14,000

pd plus ballast bonus at the usd 300K/400K. Usd 11,500 pd on a Kamsarmax

for 13/15 months employment basis delivery in the Pacific.

Ultramax / Supramax

North Pacific rounds ranged at the usd 10,000 pd. A number of Indonesian

trips into China at the level of usd 9,000 pd without any ballast bonus. A

number of Indonesian trips into Persian Gulf were reported at the level of

usd 9,000 pd. Red Sea trips into Indian were fixed at around usd 14,500 pd.

Mediterranean trips into US East Coast were reported at the level of usd

8,500 pd. No period activity to report here.

Handymax / Handysize

A generally quiet week for this segment. Persian Gulf trips into China were

reported at the level of usd 10,000 pd. South American trips into West Africa

with grains were fixed at around usd 12,000 pd plus ballast bonus at the usd

30K. South American trips into Mediterranean with sugar were reported at

the level of usd 11,000 pd. No period activity to report here.

10.000

15.000

20.000

25.000

30.000

35.000

40.000

$/d

ay

Capesize

8.000

10.000

12.000

14.000

16.000

18.000

20.000

$/d

ay

Panamax

6.000

8.000

10.000

12.000

14.000

16.000

$/d

ay

Supramax

5.000

6.000

7.000

8.000

9.000

10.000

11.000

$/d

ay

Handysize

DRY BULK COMMENTARY



Bulk Carriers

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

Newcastlemax Azul

Fortuna 203.095 2005

Universal,

Japan 07/2022

MAN-

B&W - $ 15,8m

UK based

(Zodiac

Maritime)

Capesize Bulk

Harvest 175.617 2012

Jinhai,

China 06/2022

MAN-

B&W - $ 19m Undisclosed DD 05/2020

Panamax KM

Imabari 76.619 2009

Imabari,

Japan 06/2024

MAN-

B&W - Undisclosed

Greek

(Golden Union)

October off-

market deal

Panamax Coral

Emerald 75.632 2007

Sanoyas

Hishino,

Japan

01/2021 MAN-

B&W - $ 11m Greek

Supramax Tenacity

Bay 56.843 2008

Jiangsu

Hantong,

China

02/2022 MAN-

B&W 4x36T $ 8,5m Chinese T/C attached

Supramax Baoxiang 56.810 2013 Xiamen,

China 05/2023

MAN-

B&W 4x30T $ 11,5m Chinese (EGPN)

Supramax Yasa Ozcan 55.924 2006 Mitsui,

Japan 01/2021

MAN-

B&W 4x30T $ 10,6m

Indonesian

(Guritas Lintas)

Handysize Lodestar

Princess 31.901 2005

Hakodate,

Japan 02/2023 Mitsubishi 4x30T $ 6m Vietnamese

Handysize Ocean

Brother 28.463 2000

Imabari,

Japan 10/2020 B&W 4x30,5T Undisclosed Chinese

Handysize Brazen 28.284 2014 Imabari,

Japan 09/2024

MAN-

B&W 4x30,5T $ 9,5m German

BWTS fitted,

SS/DD

passed

08/2019

Handysize Fortune

Era 27.369 1997

Hanjin,

Korea 04/2022

MAN-

B&W 4x30T $ 3,6m UAE DD 05/2020

REPORTED SALES



Tankers

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

VLCC New Medal 297.556 2009 Shanghai Jiangnan,

China 01/2024 MAN-B&W $ 42m Turkish

(Advantage

Tankers)

VLCC New Globe 296.481 2009 Bohai, China 02/2024 MAN-B&W $ 42m

Suezmax Ashkini Spirit 165.209 2003 Hyundai Samho,

Korea 03/2023 B&W $ 19,4m Greek

Gas Takao Gas 49.255 1993 Kawasaki, Japan 01/2021 B&W $ 13m Undisclosed LPG

MR New Legend 47.037 2000 Onomichi, Japan 11/2020 B&W $ 8m

Taiwanese

(Winson

Shipping)

MR Apostolos A 46.344 1999 Daedong, Korea 02/2020 MAN-B&W $ 6,7m Indian

(Seven Islands)

MR Harley 44.936 1997 Halla, Korea 11/2022 B&W $ 6m Undisclosed

Chemical/Oil

Products

Chembulk

New York 27.186 2002 Kitanihon, Japan 05/2022 Mitsubishi $ 8m Chinese

St St, DD

05/2020

Chemical/Oil

Products

Chembulk

Wellington 14.312 2004 Asakawa, Japan 01/2020 B&W $ 6,4m Undisclosed St St

Containers

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

Post

Panamax NYK Libra 6.178 2002

Samsung,

Korea 12/2019 Sulzer - $ 13,5m

Greek

(Technomar)

DD passed

11/2019

Post

Panamax NYK Lynx 6.178 2002

Samsung,


Post

Panamax NYK Lyra 6.178 2002

Samsung,


Post

Panamax Strauss 5.782 2004

Samsung,

Korea 12/2019 B&W - $ 12,25m UK based

(Global Ship

Lease)

Post

Panamax Verdi 5.782 2004

Samsung,

Korea 01/2020 B&W - $ 12,25m

Panamax Robin Hunter 4.380 2010 Daewoo,

Korea 03/2020 MAN-B&W -

Excess

$ 12m Undisclosed

REPORTED SALES



MPP / General Cargo

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

General

Cargo Cielo Di Pisa 32.248 2008

Kanda

Kawajiri,

Japan

08/2023 Mitsubishi 4x30,5T $ 8m Undisclosed

General

Cargo

Baltic

Winter 19.404 2011

Qingshan,

China 09/2021 MAN

2x400T Cr,

1x120T Cr $ 7m

German

Heavylifter

General

Cargo

Pacific

Winter 19.359 2012

Qingshan,

China 05/022 MAN

2x400T Cr,

1x120T Cr $ 7m Heavylifter

General

Cargo

Atlantic

Winter 19.306 2011

Qingshan,

China 11/2021 MAN

2x400T Cr,

1x120T Cr $ 7m Heavylifter

General

Cargo Sea Star 7.732 1995

Higaki,

Japan 10/2020 Mitsubishi

2x30T Der,

2x25T Der $ 1,8m Chinese Auction Sale

Passenger

Type Name Pax YoB Yard SS M/E LOA Price Buyer Comments

Cruise Ship Pacific

Dawn 2.043 1991

Fincantieri

Monfalcone,

Italy

07/2021 MAN 245,1m Undisclosed

UK based

(Cruise &

Maritime

Voyages)

Cruise Ship Pacific Aria 1.623 1994

Fincantieri

Monfalcone,

Italy

08/2024 Sulzer 219.2m Undisclosed

Greek

(Global

Maritime

Group)

REPORTED SALES



Indicative Demolition Prices

Country Price $/ldt

Bu

lke

rs

India 360

Bangladesh 365

Pakistan 355

China -

Turkey 230

Tan

kers

India 370

Bangladesh 375

Pakistan 365

China -

Turkey 240

Demolition Sales

Type Vessel Dwt YoB Ldt Price $/ldt Country Comments

Tanker Despina Andrianna 71.637 2000 13.783 344 Bangladesh

Container Spirit of Manila 30.554 2000 11.630 415 Undisclosed

Reefer Frio Dolphin 8.830 1989 6.500 340 India

Container Uni-Angel 15.477 1997 5.129 345 Undisclosed “As Is” Singapore, HKC Green

recycling

Container Uni-Ahead 15.477 1997 5.129 338 Undisclosed “As Is” Taiwan, HKC Green

recycling

140

160

180

200

220

240

260

280

300

320

$/l

dt

Tankers

China Turkey

140

160

180

200

220

240

260

280

300

320

$/l

dt

Bulkers

China Turkey

320

340

360

380

400

420

440

460

480

$/l

dt

Tankers

India Bangladesh Pakistan

320

340

360

380

400

420

440

460

480$

/ld

t

Bulkers

India Bangladesh Pakistan

DEMOLITION



Bulk Carriers

Units Size Yard Delivery Price Owner Comments

2+2 210.000 dwt Shanghai Waigaoqiao,

China 2021 $ 67m Singaporean (Berge Bulk) Dual fuelled

2+2 210.000 dwt Qingdao Beihai, China 2021 $ 67m Singaporean (Berge Bulk) Dual fuelled

2 81.300 dwt Sasebo, Japan 2021 Undisclosed Greek (Vrontados)

Tankers


2 50.000 dwt Hyundai Vinashin,

Vietnam 2021 Undisclosed Japanese (Hisamoto Kisen)

2 9.000 dwt Fujian Southeast, China 2021 Undisclosed Malaysian

(Orkim Shipping) Malaysian domestic

service

5 170.000 cbm Samsung, Korea 2022 $ 300m Russian ARC7/ Artic Ice Class

Containers


2 23.888 teu Jiangnan, China 2022 $ 145m Taiwanese

(Evergreen Marine)

2 23.888 teu Hudong Zhonghua, China 2022 $ 145m Taiwanese

(Evergreen Marine)

NEWBUILDING



0

10

20

30

40

50

60

2316,5

95,5

1712,5

8

2822

13,59,5

3123,5

52

2822

13,5

Mill

ion

US$

BulkersCapesize

Kamsarmax

Panamax

Ultramax

Supramax

Handysize

Prompt Resale 5 years 10 years 15 years

0

20

40

60

80

100

4030

1912

56

4130

15

72

53

36

21

100

75

53

38

Mill

ion

US$

Tankers

VLCC

Suezmax

Aframax

MR

Prompt Resale 5 years 10 years 15 years

Bulkers Tankers

Size Age Week

49 Week

48 ± %

Size Age

Week 49

Week 48

± %

Capesize 180k Resale 52 52 0,00% VLCC 310k Resale 100 100 0,00%

Capesize 180k 5 years 28 28 0,00% VLCC 310k 5 years 75 75 0,00%

Capesize 180k 10 years 22 22 0,00% VLCC 300k 10 years 53 53 0,00%

Capesize 170k 15 years 13,5 13,5 0,00% VLCC 300k 15 years 38 38 0,00%

Kamsarmax 82k Resale 31 31 0,00% Suezmax 160k Resale 72 72 0,00%

Kamsarmax 82k 5 years 23,5 23,5 0,00% Suezmax 160k 5 years 53 53 0,00%

Panamax 76k 10 years 13,5 13,5 0,00% Suezmax 150k 10 years 36 36 0,00%

Panamax 74k 15 years 9,5 9,5 0,00% Suezmax 150k 15 years 21 21 0,00%

Ultramax 63k Resale 28 28 0,00% Aframax 110k Resale 56 56 0,00%

Ultramax 61k 5 years 22 22 0,00% Aframax 110k 5 years 41 41 0,00%

Supramax 58k 5 years 17 17 0,00% Aframax 105k 10 years 30 30 0,00%

Supramax 56k 10 years 12,5 12,5 0,00% Aframax 105k 15 years 15 15 0,00%

Supramax 52k 15 years 8 8 0,00% MR 52k Resale 40 40 0,00%

Handysize 38k Resale 23 23 0,00% MR 51k 5 years 30 30 0,00%

Handysize 37k 5 years 16,5 16,5 0,00% MR 47k 10 years 19 19 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



Currencies Currency 5-Dec 27-Nov ± (%)

EUR / USD 1,1104 1,0999 0,95% USD / JPY 108,76 109,54 -0,71%

USD / KRW 1.190,28 1.177,19 1,11% NOK / USD 0,1094 0,1091 0,27%

Commodities Commodity 5-Dec 27-Nov ± (%)

Brent Crude (BZ) 63,39 64,06 -1,05% WTI Crude Oil (WTI) 58,43 58,11 0,55%

Natural Gas (NG) 2,43 2,50 -2,80% Gold (GC) 1.483,10 1.460,80 1,53%

Copper (HG) 266,30 269,60 -1,22% Wheat (W) 523,75 526,75 -0,57%

1,08

1,10

1,12

1,14

1,16

EUR / USD

50

55

60

65

70

$/b

bl

Oil Prices Brent Crude

WTI Crude

KEY INDICATORS



Stock Prices – Shipping Companies

Company Stock Exchange 5-Dec 27-Nov ± (%) Diana Shipping Inc (DSX) NYSE 3,33 3,45 -3,48% Euroseas Ltd (ESEA) NASDAQ 0,47 0,48 -2,08% Eagle Bulk Shipping Inc (EGLE) NASDAQ 4,41 4,44 -0,68% Navios Maritime Holdings Inc (NM) NYSE 4,87 4,78 1,88% Navios Maritime Partners LP (NMM) NYSE 17,85 18,14 -1,60% Star Bulk Carriers Corp (SBLK) NASDAQ 10,65 10,71 -0,56% Seanergy Maritime Holdings Corp (SHIP) NASDAQ 0,52 0,53 -1,89% Safe Bulkers Inc (SB) NYSE 1,69 1,68 0,60% Golden Ocean Group Ltd (GOGL) NASDAQ 5,48 5,86 -6,48%

Stock Prices - Wet

Company Stock Exchange 5-Dec 27-Nov ± (%) Capital Product Partners LP (CPLP) NASDAQ 11,63 11,48 1,31% TOP Ships Inc (TOPS) NASDAQ 0,77 0,73 5,48% Tsakos Energy Navigation Ltd (TNP) NYSE 3,58 3,55 0,85%

Stock Prices - Other

Company Stock Exchange 5-Dec 27-Nov ± (%) Danaos Corp (DAC) NYSE 6,85 6,26 9,42% StealthGas Inc (GASS) NASDAQ 3,51 3,43 2,33% Rio Tinto PLC (RIO) NYSE 54,61 54,98 -0,67% Vale SA (VALE) NYSE 12,12 11,87 2,11% Archer-Daniels-Midland Co (ADM) NYSE 43,15 42,94 0,49% BHP Group Ltd (BHP) NYSE 51,08 51,85 -1,49%

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: 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]




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]

CONTACT DETAILS

weekly shipping market report week 49

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