MARKET REPORT â WEEK 47 - nilimar
MARKET REPORT â WEEK 47 - nilimar
MARKET REPORT â WEEK 47 - nilimar
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NILIMAR Ships Sale & Purchase<br />
<strong>MARKET</strong> <strong>REPORT</strong> – <strong>WEEK</strong> <strong>47</strong><br />
BASED ON SALES AND PURCHASES OF VESSELS <strong>WEEK</strong> ENDED FRIDAY 23 rd November 2012.<br />
The dry freight market had a moderately good week with only the Capes basically standing still<br />
(actually -2.6% w-o-w) whilst the other 3 BDI sectors all improved. The most significant improver was<br />
the BPI by about +14% (about $1000 per day on t/c), whilst the BSI and BHSI each gained about<br />
+7% and +6% respectively. Overall this added up to a +5% increase on the BDI.<br />
With the dry freight market being relatively stable over the past few weeks and most parties resigned<br />
to the fact that though it is likely to still decline a bit more in the short to medium term, it won't fall<br />
too much more. We are seeing more cash buyers deciding that now is as good a time as any to buy if<br />
they can secure the right vessel for the right price. In some instances the level of buying interest is<br />
causing small value anomalies such as the '87 built panamax that reportedly just sold for $300,000<br />
more than a very similar '89 built unit done in the same week. Resales of more modern tonnage we<br />
are also seeing the odd value anomaly but here it is often due to 'sweetheart' sales by mortgagees,<br />
including favourable finance for the buyer (who is often an pre-existing client).<br />
As predicted the demolition markets are starting to reach saturation point again, especially in India<br />
where there is now a significant backlog of already purchased vessels to be beached and in the<br />
meantime even more vessels are being offered for scrap sale. The hope is that Bangladesh, which itself<br />
was found oversupplied recently, can again start to soak up some tonnage along with China which has<br />
been fairly active of late. Either way one must anticipate that such excess supply (of ships for<br />
demolition) will likely cause offer levels to fall. Meantime sellers should be wary of 'overly optimistic'<br />
prices on offer from some cash buyers.<br />
THE ABOVE INFORMATION IS GIVEN IN GOOD FAITH BUT WITHOUT GUARANTEE AS TO ACCURACY OF SAYING.<br />
6 A.PAPANDREOU STR., GLYFADA, ATHENS – GREECE<br />
TEL : +30 – 210 - 89 85 813, FAX: +30 – 210 – 89 85 138 e-mail : <strong>nilimar</strong>@ath.forthnet.gr<br />
Website: www.<strong>nilimar</strong>.com<br />
1
NILIMAR Ships Sale & Purchase<br />
VESSEL’S<br />
NAME<br />
VESSEL’S<br />
NAME<br />
DWT<br />
DWT<br />
YEAR<br />
BUILT<br />
YEAR<br />
BUILT<br />
YARD<br />
YARD<br />
TANKERS<br />
HULL<br />
COMBO<br />
GEAR /<br />
PUMPS<br />
PRICE<br />
USD $<br />
PRICE<br />
USD $<br />
- NO SALES <strong>REPORT</strong>ED THIS <strong>WEEK</strong> -<br />
BUYERS<br />
BUYERS<br />
COMMENTS<br />
HERM 115,338 7/2003<br />
SANOYAS,<br />
GREEKS<br />
DH 18.25M<br />
JAPAN<br />
(ATLAS MARINE)<br />
BANK SALE<br />
EAGLE<br />
KOYO MIHARA,<br />
107,166 7/1997<br />
COLUMBUS<br />
JAPAN<br />
DH 10.40M UNDISCLOSED<br />
NORD SOUND 51,228 1/2008 STX, KOREA DH 25.90M UNDISCLOSED ENBLOC<br />
NORD SEA 51,213 1/2007 STX, KOREA DH 24.60M UNDISCLOSED<br />
NORD STRAIT 51,213 10/2007 STX, KOREA DH 24.60M UNDISCLOSED<br />
DIPLOMAT 13,027 4/2007<br />
SEKWANG,<br />
TURKISH<br />
DH 12.00M<br />
KOREA<br />
(THY OPET)<br />
NEGOTIATOR 13,012 5/2007<br />
SEKWANG,<br />
TURKISH<br />
DH 12.00M<br />
KOREA<br />
(THY OPET)<br />
AEGEAN STAR 11,520 11/1980<br />
KALDNES,<br />
NORWAY<br />
DH 1.80M GREEKS<br />
FANTASIA 51,433 12/2009 SLS, KOREA DH 28.75M MEXICANS<br />
COMMENTS<br />
VESSEL’S<br />
NAME<br />
DWT<br />
YEAR<br />
BUILT<br />
PACIFIC GAS 2,139 4/1991<br />
BORAL GAS 2,139 1/1991<br />
YARD<br />
FULTON MARINE,<br />
BELGIUM<br />
FULTON MARINE,<br />
BELGIUM<br />
GAS<br />
CBM<br />
PRICE<br />
USD $<br />
2,190 2.35M<br />
2,300 2.35M<br />
BUYERS<br />
VIETNAMESE<br />
(VIETSEA)<br />
VIETNAMESE<br />
(VIETSEA)<br />
COMMENTS<br />
BALTIC TANKER INDICES<br />
2012<br />
1500<br />
1000<br />
500<br />
0<br />
Week<br />
THE ABOVE INFORMATION IS GIVEN IN GOOD FAITH BUT WITHOUT GUARANTEE AS TO ACCURACY OF SAYING.<br />
6 A.PAPANDREOU STR., GLYFADA, ATHENS – GREECE<br />
TEL : +30 – 210 - 89 85 813, FAX: +30 – 210 – 89 85 138 e-mail : <strong>nilimar</strong>@ath.forthnet.gr<br />
Website: www.<strong>nilimar</strong>.com<br />
2
VESSEL’S NAME<br />
NILIMAR Ships Sale & Purchase<br />
DWT<br />
YEAR<br />
BUILT<br />
C FRONTIER 176,000 6/2012<br />
CAPE AUSTRALIA 149,512 10/1990<br />
BULKERS<br />
YARD<br />
RONGSHENG,<br />
CHINA<br />
CHINA<br />
SHIPBUILDING,<br />
CHINA<br />
GEAR<br />
PRICE<br />
USD $<br />
BUYERS<br />
- 33.50M UNDISCLOSED<br />
- 7.00M<br />
HONG KONG<br />
(WINNING<br />
SHIPPING)<br />
COMMENTS<br />
CIELO LUCIA 73,852 10/1999 SASEBO, JAPAN CR 4X30T 10.00M UNDISCLOSED<br />
TARANG 70,321 3/1989 SANOYAS, JAPAN GLESS 4.15M CHINESE<br />
MARINA WAVE 69,451 1/1992<br />
MAHANAIM 68,158 11/1987<br />
HASHIHAMA,<br />
JAPAN<br />
KOYO MIHARA,<br />
JAPAN<br />
GLESS 5.10M UNDISCLOSED<br />
GLESS 4.45M UNDISCLOSED<br />
CURIA 51,029 1/2001 OSHIMA, JAPAN CR 4X30T 13.90M UNDISCLOSED<br />
ID TIDE 45,406 9/1995<br />
NANTONG PRIDE 34,000 7/2012<br />
TSUNEISHI,<br />
JAPAN<br />
NANTONG<br />
HUIGANG, CHINA<br />
CR 4X25T 7.65M UNDISCLOSED<br />
- 9.31M CHINESE<br />
HULL 7<strong>47</strong> 28,000 12/2012 IMABARI, JAPAN CR 4X30T 18.50M<br />
GREEKS<br />
(ARISTA)<br />
VIA AUCTION/<br />
UNFINNISHED<br />
HULL<br />
LUBNA 26,914 1/1986<br />
RIMA 26,841 3/1986<br />
USUKI,<br />
JAPAN<br />
MINAMI-<br />
NIPPON,<br />
JAPAN<br />
CR 4X30T 3.55M CHINESE<br />
CR 4X30T 3.55M CHINESE<br />
BALTIC DRY INDICES 2012<br />
4000<br />
3500<br />
3000<br />
2500<br />
2000<br />
1500<br />
1000<br />
500<br />
0<br />
BDI 11 BCI 11 BPI 11 BSI 11 BHSI 11<br />
BDI 12 BCI 12 BPI 12 BSI 12 BHSI 12<br />
Week<br />
THE ABOVE INFORMATION IS GIVEN IN GOOD FAITH BUT WITHOUT GUARANTEE AS TO ACCURACY OF SAYING.<br />
6 A.PAPANDREOU STR., GLYFADA, ATHENS – GREECE<br />
TEL : +30 – 210 - 89 85 813, FAX: +30 – 210 – 89 85 138 e-mail : <strong>nilimar</strong>@ath.forthnet.gr<br />
Website: www.<strong>nilimar</strong>.com<br />
3
VESSEL’S NAME<br />
NILIMAR Ships Sale & Purchase<br />
YEAR<br />
BUILT<br />
INDICATIVE <strong>REPORT</strong>ED FIXTURES<br />
DWT<br />
RATE<br />
CHARTERERS<br />
DURATION<br />
EFESSOS WAVE 2012 87 8,5000$/DAY<br />
COBELFLET<br />
11/13 MONTHS<br />
ROSCO PLUM 2004 76,801 7,500$/DAY<br />
CNR<br />
4/6 MONTHS<br />
ARETHUSA 2007 73,593 7,300$/DAY<br />
CARGILL<br />
18/24 MONTHS<br />
TAI PRIZE 2001 72,169<br />
7,7750$/DAY<br />
OPT9,200$/DAY<br />
GLENOCRE<br />
11/13 MONTHS<br />
OPT 1 YEAR<br />
PILION 2010 58<br />
9,150$/DAY -<br />
10,000$/DAY<br />
CNR<br />
1+1 YEARS<br />
FALCON TRADER 1 2006 55,699 9,250$/DAY<br />
MUR<br />
3/5 MONTHS<br />
NAVIOS ULYSSES 2007 55,728 9,100$/DAY<br />
PACNAV<br />
3/5 MONTHS<br />
BALTIC DRY<br />
INDICES<br />
BDI<br />
BCI<br />
BPI<br />
BSI<br />
BHSI<br />
PREVIOUS <strong>WEEK</strong> CURRENT <strong>WEEK</strong><br />
+ / -<br />
1036<br />
1090<br />
54<br />
23<strong>47</strong><br />
2288<br />
-59<br />
886<br />
1013<br />
127<br />
674 724 50<br />
405 431<br />
26<br />
▲<br />
▼<br />
▲<br />
▲<br />
▲<br />
THE ABOVE INFORMATION IS GIVEN IN GOOD FAITH BUT WITHOUT GUARANTEE AS TO ACCURACY OF SAYING.<br />
6 A.PAPANDREOU STR., GLYFADA, ATHENS – GREECE<br />
TEL : +30 – 210 - 89 85 813, FAX: +30 – 210 – 89 85 138 e-mail : <strong>nilimar</strong>@ath.forthnet.gr<br />
Website: www.<strong>nilimar</strong>.com<br />
4
VESSEL’S<br />
NAME<br />
DWT<br />
NILIMAR Ships Sale & Purchase<br />
TWEEN / MPP / GENERAL CARGO<br />
YEAR<br />
BUILT<br />
YARD<br />
GEAR<br />
PRICE<br />
USD $<br />
- NO SALES <strong>REPORT</strong>ED THIS <strong>WEEK</strong><br />
BUYERS<br />
COMMENTS<br />
VESSEL’S<br />
NAME<br />
DWT<br />
YEAR<br />
BUILT<br />
FAR COLOMBO 24,134 6/1995<br />
KOTA MESRA 16,742 3/2002<br />
JURONG<br />
BEBARU<br />
10,748 10/1997<br />
MAJALA 9,865 5/1999<br />
CONTAINER<br />
YARD GEAR TEU<br />
SHIN<br />
KURUSHIMA,<br />
JAPAN<br />
JURONG,<br />
SINGAPORE<br />
JURONG,<br />
SINGAPORE<br />
TORGEM,<br />
TIRKEY<br />
PRICE<br />
USD $<br />
BUYERS<br />
GLESS 1,510 4.20M INDONESIANS<br />
CR 2X40T 1,078 6.20M UNDISCLOSED<br />
GLESS 802 3.00M<br />
INDONESIANS<br />
(MERATUS)<br />
CR 2X40T 797 1.70M UNDISCLOSED<br />
COMMENTS<br />
VESSEL’S<br />
NAME<br />
DWT<br />
YEAR<br />
BUILT<br />
YARD<br />
REEF<br />
REEF.<br />
CAP/TY<br />
GEAR<br />
PRICE<br />
USD $<br />
BUYERS<br />
COMMENTS<br />
- NO SALES <strong>REPORT</strong>ED THIS <strong>WEEK</strong> -<br />
VESSEL’S NAME<br />
DWT<br />
YEAR<br />
BUILT<br />
GREEN LAKE 22,799 6/1998<br />
PCC/ RORO / PASS<br />
YARD CARS/LM PAX<br />
SHIN<br />
KURUSHIMA,<br />
JAPAN<br />
PRICE<br />
USD $<br />
BUYERS<br />
5,980 - 31.00M UNDISCLOSED<br />
COMMENTS<br />
THE ABOVE INFORMATION IS GIVEN IN GOOD FAITH BUT WITHOUT GUARANTEE AS TO ACCURACY OF SAYING.<br />
6 A.PAPANDREOU STR., GLYFADA, ATHENS – GREECE<br />
TEL : +30 – 210 - 89 85 813, FAX: +30 – 210 – 89 85 138 e-mail : <strong>nilimar</strong>@ath.forthnet.gr<br />
Website: www.<strong>nilimar</strong>.com<br />
5
NILIMAR Ships Sale & Purchase<br />
DEMOLITION INDIA<br />
VESSEL’S<br />
YEAR<br />
PRICE<br />
TYPE DWT<br />
LDT<br />
NAME<br />
BUILT<br />
USD/LT<br />
CONTINENTAL TANK 96,683 1993 14,164 430<br />
ILYA BULK 7,276 1994 5,070 413<br />
COMMENTS<br />
DEMOLITION PAKISTAN<br />
VESSEL’S NAME TYPE DWT<br />
YEAR<br />
PRICE<br />
LDT<br />
BUILT<br />
USD/LT<br />
M. T. FAITH TANK 96,173 8/1994 18,328 427<br />
NYACK PRINCESS BULK 38,885 7/1984 7,143 398<br />
DEMOLITION BANGLADESH<br />
VESSEL’S NAME TYPE DWT<br />
YEAR<br />
PRICE<br />
LDT<br />
BUILT<br />
USD/LT<br />
MOHEGAN PRINCESS TWEEN 26,320 1983 7,362 417<br />
TUCKAHOE MAIDEN TWEEN 23,278 1985 5,806 417<br />
COMMENTS<br />
COMMENTS<br />
DEMOLITION CHINA<br />
VESSEL’S<br />
YEAR<br />
PRICE<br />
TYPE DWT<br />
LDT<br />
NAME<br />
BUILT<br />
USD/LT<br />
COMMENTS<br />
YAN PING BULK 64,583 1983 11,367 380 FULL SPARES INCL BRONZE PROP.<br />
OCEAN LUCKY BULK 64,310 1981 11,901 365<br />
VICTORMOUNT BULK <strong>47</strong>,893 1984 9,238 375 INCL ABT 400T ROB<br />
SINOKOR STAR CONT 4,<strong>47</strong>2 1988 2,055 365<br />
VESSEL’S<br />
NAME<br />
TYPE<br />
DWT<br />
DEMOLITION TURKEY<br />
YEAR<br />
PRICE<br />
LDT<br />
BUILT<br />
USD/LT<br />
-NO SALES <strong>REPORT</strong>ED THIS <strong>WEEK</strong> -<br />
COMMENTS<br />
DEMOLITION MISC<br />
VESSEL’S<br />
YEAR<br />
PRICE<br />
TYPE DWT<br />
LDT<br />
COMMENTS<br />
NAME<br />
BUILT<br />
USD/LT<br />
SST BULK 42,512 7/1985 7,455 360 ASIS SPORE IN DAMAGED CONDITION<br />
THE ABOVE INFORMATION IS GIVEN IN GOOD FAITH BUT WITHOUT GUARANTEE AS TO ACCURACY OF SAYING.<br />
6 A.PAPANDREOU STR., GLYFADA, ATHENS – GREECE<br />
TEL : +30 – 210 - 89 85 813, FAX: +30 – 210 – 89 85 138 e-mail : <strong>nilimar</strong>@ath.forthnet.gr<br />
Website: www.<strong>nilimar</strong>.com<br />
6
NILIMAR Ships Sale & Purchase<br />
TYPE<br />
DWT<br />
DELY<br />
YEAR<br />
NEWBUILDINGS<br />
YARD<br />
PRICE USD<br />
$<br />
BUYERS<br />
COMMENTS<br />
BULK 83,800DWT 9-12/2014 OSHIMA SHIPBUILDING 33.80M<br />
U-MING MARINE<br />
TRANSPORT<br />
2+2 UNITS<br />
BULK 82,000DWT 2014 OSHIMA SHIPBUILDING 29.00M NORDEN 1 UNIT<br />
VLGC 83,000CBM END 2014 JIANGNAN 60.00M ORIENTAL ENERGY 6+10 UNITS<br />
CONT 9,200TEU 2016 STX SHIPBUILDING 88.20M FRATELI D’AMATO 2 UNITS<br />
CONT 5,000TEU 1H 2014 STX SHIPBUILDING 45.00M<br />
KOREA MARINE<br />
TRANSPORT<br />
1+1UNITS<br />
CON-RO 29,000DWT 2014 HYUNDAI MIPO 70.00M GRIMALDI 1 UNIT<br />
<strong>MARKET</strong> RATES<br />
BRENT<br />
GBP – USD<br />
USD – K WON<br />
USD – YEN<br />
EURO – USD<br />
PREVIOUS <strong>WEEK</strong><br />
110,98<br />
1,5866<br />
1.088,72<br />
81,170<br />
1,2782<br />
CURRENT <strong>WEEK</strong><br />
+ / -<br />
110,55<br />
-0,43<br />
1,5938<br />
0,0072<br />
1.086,02<br />
82,380<br />
-2,7<br />
1,210<br />
1,2874 0,0092<br />
▼<br />
▲<br />
▼<br />
▲<br />
▲<br />
THE ABOVE INFORMATION IS GIVEN IN GOOD FAITH BUT WITHOUT GUARANTEE AS TO ACCURACY OF SAYING.<br />
6 A.PAPANDREOU STR., GLYFADA, ATHENS – GREECE<br />
TEL : +30 – 210 - 89 85 813, FAX: +30 – 210 – 89 85 138 e-mail : <strong>nilimar</strong>@ath.forthnet.gr<br />
Website: www.<strong>nilimar</strong>.com<br />
7
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