The dry bulk sale and purchase market displays signs of strength recent weeks, with buying interest focusing mainly on Supramax and Kamsarmax tonnage blt 2000’s. A good example of this recent momentum im the market 2006 blt Kamsarmax vsl, which was inspected more than 10 buyers. We also witnessed more than 20 buyers for 18 years old handy vsl. We calculate increase the gerion of 15-20% compared to price ideas for similar vsls back in the beginning of the March. 2000 blt Hadymax with ss passed was sold at around usd 2.9 mln sometime in the March and a similar vsl today easily fetch usd 3.5 mln or more, which translates to as 21% increase. Another positive sign that comes to reinforce this reserved optimism of late is that during the past few weeks the number of ships sold for scrap has particularly firm, while at the same time newbuilding activity remains almost non-existent. To keep upward trend, it is impreative that we should see more scrapping activity for longer before things balance out.
Capes BESIKTAS and BESIKTAS TURKMENISTAN (180.000 dwt, 2011 Korea) have been concluded to Greek buyers for Usd 23.75 mln each.
Sales of two modern Supramax bulkcarriers provide an interesting comparison. The almost new Japan-built Supra “ABY PAOLA” (61,000 dwt, 2015 Japan) has been sold to Hong Kong buyers for US$ 19.4 million. Buyers of the China-built 2011 vintage “CHRISTOPH S” (57,000 dwt, 2011 China) which is due for her first special survey are paying US$ 6.9 million.
A further Supramax, “FREDERIKE SELMER” (57,000 dwt, 2009 China) is committed on subjects at US$ 6 million.
Oaktree’s “NEER” (51,000 dwt, 2006 China) has done less well, selling for only US$ 3.6 million, presumably ss due. “VOC ROSE” (47,000 dwt, Built Oshima 1998, cranes 4 x 30 tons, Sulzer) is now said to be concluded to Chinese buyers at US$ 2.5 million.
Handy size “ORIENT DREAM” (32,000 dwt, 2008 Japan) has gone to US$ 7 million; “CS VANGUARD” (34,800 dwt, 2004 China) sold US$ 3.5 million.
“SEA RICHES” (28,000 dwt, 2001 Japan, ) has done well, selling at US$ 3.3 million – equivalent to US$ 474/ldt – with surveys due in September.
A vintage handy with favourable survey status, “DILIGENCE” (28,000 dwt, 1995 Japan) has gone to Chinese buyers at US$ 2.1 million. “KENANGA” (27,000 dwt, 1996 Korea) has been sold for US$ 1.7 million to Chinese buyers at auction; ss/dd are due 9/2016.
In a smaller size sales, Gearless “ARKLOW WILLOW” (14,000 dwt, 2004 Japan) is reported to Canadian buyers at US$ 5.2 million.
The “Concord Express” (10,600 dwt, 1999 Japan ) was reported sold to Taiwanese buyers for US$ 1.7 million . A container/general cargo unit, the “Red Spirit” (5,900 dwt, 1998 Lithuanian) was reported sold to Philippine buyers for US$ 1,5 milion. ARKLOW ROSE (4,500 dwt, 2002 Netherlands) sold to Undisclosed buyers for $2.7 mill.
In wet side, you can see sales below. Tanker market dynamics are shaping up quite lackluster over the past few weeks, the number of inspections that takes place at the moment is fairly limited, while comparing recent sales of VLCC tonnage to similar sales that took place towards the end of last year. We see that prices are roughly 15% down. With the exception of a few specific deals involving VLCC and Suezmax tonnage, buying interest over in the tanker sector mostly focuses on MR vsls, particularly those units controlled by financiers.
“NEW MEDAL” and “NEW CORAL” (297,556 DWT, Built 2009/2010 China) have been taken by Frontline at US$ 57.3/US$ 60.2 million resp. – ie an enbloc figure of US$ 117.5 million.
“DS CHIEF” (311,224 dwt, Built Hyundai H.I. 1999, B&W) for around US$ 25/25.5 million, Far Eastern buyers are suggested.
Several sales have emerged particularly in the Suezmax sector. NAT has agreed to pay US$ 106 million en bloc for “MAJESTIC” (150,000 dwt, 2000 Japan ) – US$ 21 million, “POETIC” (150,000 dwt, 2003 Japan) – US$ 27 million, “ROMANTIC” (150,000 dwt, 2004 Japan) – US$ 29 million and “AUTHENTIC” (150,000 dwt, 2004 Japan) – US$ 29 million. Ridgebury Tankers has also made a Suezmax purchase with the acquisition of “DHT TARGET” (165,000 dwt, 2001 Korea) for US$ 22.5 million with ss/dd freshly passed.
The stainless steel “KASUGTA” (19,800 dwt, 2004 Japan) is again sold price US$ 17.2 million.
SE Asian buyers paid US$ 11 million for “SICHEM MUMBAI” (13,085 dwt, 2006, Korea,) – delivery with ss/dd due 10/2016.
In demolition market, prices are also pointing down. At the same time, demo buyers are also becoming more and more reserved in their bids. While despite the fact that prices offered at the moment are without a doubt improved compared to the $ 220/ldt levels that the market witnessed back in February. We beleive the stability can be seen only after budget annoucements and after monsoon season. The Sub Continent market, we can still observe around $ 270-290/ldt levels depend on size and type. Turkish ship scrap prices in Turkey also fell remarkably in the past week. Domestic mills reportedly secured ship scrap at around 210-245 USD per tonne down from 280-290 USD per tonne last week.
BULK
Besiktas
SINGLE DECK CARRIER, DOUBLE BOTTOM / DOUBLE SIDES, DWT 179843 MTS, BLT 10/2011 KOREA, SOUTH, GRT 28609, LOA 292M, M/E MAN-B&W 6S70MC-C
SOLD FOR USD 23.750.000,00
Besiktas Turkmenistan
SINGLE DECK CARRIER, DOUBLE BOTTOM / DOUBLE SIDES, DWT 179797 MTS, BLT 9/2011 KOREA, SOUTH, GRT 28609, LOA 292M, M/E MAN-B&W 6S70MC-C
SOLD FOR USD 23.750.000,00
Hyundai Trust
SINGLE DECK CARRIER, DWT 179019 MTS, BLT 5/2011 KOREA, SOUTH, GRT 27329, LOA 292M, M/E MAN-B&W 6S70MC-C
SOLD FOR USD 22.000.000,00
Klara Selmer
SINGLE DECK CARRIER, DWT 175247 MTS, BLT 1/2012 CHINA, GRT 92079, LOA 291,76M, M/E MAN-B&W 6S70MC
SOLD FOR USD 19.000.000,00
An May
SINGLE DECK CARRIER, DWT 174674 MTS, BLT 1/2005 CHINA, GRT 88955, LOA 289M, M/E MAN-B&W 6S70MC
SOLD FOR USD 12.000.000,00
Sa Altius
SINGLE DECK CARRIER, DWT 171480 MTS, BLT 3/2001 KOREA, SOUTH, GRT 87542, LOA 288,87M, M/E B&W 6S70MC
SOLD FOR USD 7.800.000,00
Eternal Power
SINGLE DECK CARRIER, DWT 97045 MTS, BLT 8/2004 JAPAN, GRT 52868, LOA 235M, M/E MITSUBISHI 6UEC60LSII
SOLD FOR USD 6.200.000,00
Chitra Prem
SINGLE DECK CARRIER, DWT 93270 MTS, BLT 1/2010 CHINA, GRT 51255, LOA 230M, M/E MAN-B&W 6S60MC-C
SOLD FOR USD 9.800.000,00
Alam Padu
SINGLE DECK CARRIER, DOUBLE BOTTOM / DOUBLE SIDES, DWT 87052 MTS, BLT 4/2005 JAPAN, GRT 46982, LOA 229M, M/E SULZER 6RTA58T
SOLD FOR USD 6.900.000,00
WITH 6-8 MONTHS T/C AT USD 5.750 PD
Sri Prem Veena
SINGLE DECK CARRIER, DWT 82792 MTS, BLT 1/2007 JAPAN, GRT 43158, LOA 228,99M, M/E MAN-B&W 7S50MC-C
SOLD FOR USD 9.300.000,00
Safe Voyager
SINGLE DECK CARRIER, DWT 82514 MTS, BLT 8/2007 JAPAN, GRT 43158, LOA 228,99M, M/E MAN-B&W 7S50MC-C
SOLD FOR USD 9.200.000,00
Grand Ocean
SINGLE DECK CARRIER, DWT 81622 MTS, BLT 5/2012 CHINA, LOA 229M, M/E MAN-B&W 5S60MC-C8
SOLD FOR USD 12.000.000,00
MIRAERO ACE
SINGLE DECK CARRIER, DWT 81420 MTS, BLT 5/2012 KOREA, SOUTH, LOA 229M, M/E MAN-B&W 6S60MC-C8
SOLD FOR USD 14.200.000,00
Archimedes
SINGLE DECK CARRIER, DWT 81123 MTS, BLT 9/2011 KOREA, SOUTH, GRT 44323, LOA 229M, M/E MAN-B&W 7S50MC-C8
SOLD FOR USD 15.000.000,00
Ocean Qingdao
SINGLE DECK CARRIER, DWT 75618 MTS, BLT 7/2011 CHINA, GRT 41073, LOA 225M, M/E MAN-B&W 5S60MC
SOLD FOR USD 11.500.000,00
NORDWESER
SINGLE DECK CARRIER, DOUBLE BOTTOM, DWT 75321 MTS, BLT 3/2001 KOREA, SOUTH, GRT 40605, LOA 225,01M, M/E B&W 6S60MC
SOLD FOR USD 4.400.000,00
Hermes Island
SINGLE DECK CARRIER, DWT 74867 MTS, BLT 11/2012 JAPAN, LOA 225M, M/E MAN-B&W 7S50MC-C8
SOLD FOR USD 13.600.000,00
Aeolian Spirit
SINGLE DECK CARRIER, DWT 73739 MTS, BLT 3/1999 JAPAN, GRT 38364, LOA 225M, M/E SULZER 7RTA48T
SOLD FOR USD 3.200.000,00
JIA YUE
SINGLE DECK CARRIER, DWT 63800 MTS, BLT 2/2016 CHINA, GRT 36730, LOA 199,9M, 4 X 30T CRANES, M/E MAN-B&W 5S60ME-C8
SOLD FOR USD 16.000.000,00
ABY PAOLA
SINGLE DECK CARRIER, DWT 60486 MTS, BLT 9/2015 JAPAN, GRT 34229, LOA 198M, 4 X 30T CRANES, M/E MAN-B&W 6S50ME-B9
SOLD FOR USD 19.400.000,00
Ocean Angel
SINGLE DECK CARRIER, DWT 58679 MTS, BLT 1/2008 PHILIPPINES, GRT 32379, LOA 189,99M, 4 X 30T CRANES, M/E MAN-B&W 6S50MC-C
SOLD FOR USD 8.100.000,00
Frederike Selmer
SINGLE DECK CARRIER, DWT 56847 MTS, BLT 8/2009 CHINA, GRT 33042, LOA 189,99M, 4 X 30T CRANES, M/E MAN-B&W 6S50MC-C
SOLD FOR USD 6.000.000,00
Christoph S
SINGLE DECK CARRIER, DWT 56770 MTS, BLT 6/2011 CHINA, GRT 32987, LOA 189,99M, 4 X 36T CRANES, M/E MAN-B&W 6S50MC-C
SOLD FOR USD 7.100.000,00
Medi Nagasaki
SINGLE DECK CARRIER, DWT 53098 MTS, BLT 3/2003 JAPAN, GRT 29295, LOA 188,5M, 4 X 30T CRANES, M/E B&W 6S50MC-C
SOLD FOR USD 4.500.000,00
Jin An
SINGLE DECK CARRIER, DWT 50786 MTS, BLT 7/2000 JAPAN, GRT 28707, LOA 190M, 4 X 30T CRANES, M/E SULZER 6RTA48T-B
SOLD FOR USD 3.000.000,00
NEER
SINGLE DECK CARRIER, DWT 50785 MTS, BLT 4/2006 CHINA, GRT 30661, LOA 190M, 4 X 40T CRANES, M/E MAK 12M43
SOLD FOR USD 3.600.000,00
Ihi Tokyo 3081
SINGLE DECK CARRIER, DWT 48893 MTS, BLT 10/1999 JAPAN, GRT 28074, LOA 189,96M, 4 X 30T CRANES, M/E SULZER 6RTA48T
SOLD FOR USD 2.800.000,00
Loyal Union
SINGLE DECK CARRIER, DWT 48549 MTS, BLT 2/2007 JAPAN, GRT 27729, LOA 189,98M, 4 X 30T CRANES, M/E MITSUBISHI 6UEC50LSE
SOLD FOR USD 6.300.000,00
Armeria
SINGLE DECK CARRIER, DWT 48104 MTS, BLT 5/2003 JAPAN, GRT 26574, LOA 189,33M, 4 X 30T CRANES, M/E MAN-B&W 6S50MC-C
SOLD FOR USD 4.400.000,00
Spar Lupus
SINGLE DECK CARRIER, DWT 47375 MTS, BLT 8/1998 JAPAN, GRT 25982, LOA 185,74M, 4 X 30T CRANES, M/E B&W 6S50MC
SOLD FOR USD 2.300.000,00
Voc Rose
SINGLE DECK CARRIER, DWT 47183 MTS, BLT 4/1998 JAPAN, GRT 25807, LOA 185,73M, 4 X 30T CRANES, M/E SULZER 6RTA48T
SOLD FOR USD 2.500.000,00
Samjin 1064
SINGLE DECK CARRIER, DWT 35700 MTS, BLT 2/2015 CHINA, GRT 23500, LOA 181M, 4 X 30T CRANES, M/E MAN-B&W 5S50ME-B9
SOLD FOR USD 14.500.000,00
Cmb Laszlo
SINGLE DECK CARRIER, DWT 35700 MTS, BLT 3/2014 CHINA, GRT 23500, LOA 181M, 4 X 30T CRANES, M/E MAN-B&W 5S50ME-B9
SOLD FOR USD 14.500.000,00
Cmb Diego
SINGLE DECK CARRIER, DWT 35700 MTS, BLT 1/2014 CHINA, GRT 23500, LOA 181M, 4 X 30T CRANES, M/E MAN-B&W 5S50ME-B9
SOLD FOR USD 14.500.000,00
Cs Vanguard
SINGLE DECK CARRIER, DOUBLE BOTTOM / DOUBLE SIDES, DWT 34812 MTS, BLT 2/2004 CHINA, GRT 22072, LOA 179,28M, 4 X 30T CRANES, M/E SULZER 6RTA48T-B
SOLD FOR USD 4.000.000,00
Boronia K
SINGLE DECK CARRIER, DOUBLE BOTTOM / DOUBLE SIDES, DWT 33677 MTS, BLT 8/2011 JAPAN, GRT 21194, LOA 179,99M, 4 X 30T CRANES, M/E MITSUBISHI 6UEC45LSE
SOLD FOR USD 8.500.000,00
Boronia K
SINGLE DECK CARRIER, DOUBLE BOTTOM / DOUBLE SIDES, DWT 33677 MTS, BLT 8/2011 JAPAN, GRT 21194, LOA 179,99M, 4 X 30T CRANES, M/E MITSUBISHI 6UEC45LSE
SOLD FOR USD 7.800.000,00 TO MITSUI & CO LTD
Bianco Olivia Bulker
SINGLE DECK CARRIER, DWT 32500 MTS, BLT 1/2013 CHINA, GRT 20928, LOA 179,9M, 4 X 30,5T CRANES, M/E MAN-B&W 6S42MC
SOLD FOR USD 7.100.000,00
Cabot Aviva
SINGLE DECK CARRIER, DWT 32252 MTS, BLT 6/2012 CHINA, GRT 20924, LOA 179,9M, 4 X 30,5T CRANES, M/E MAN-B&W 6S42MC
SOLD FOR USD 6.200.000,00
Orient Dream
SINGLE DECK CARRIER, DWT 32162 MTS, BLT 11/2008 JAPAN, GRT 19828, LOA 175,53M, 4 X 30T CRANES, M/E MITSUBISHI 6UEC45LSE
SOLD FOR USD 7.000.000,00
SAINT DIONYSIS
SINGLE DECK CARRIER, DOUBLE BOTTOM / DOUBLE SIDES, DWT 31838 MTS, BLT 4/2002 JAPAN, GRT 19795, LOA 176,82M, 4 X 30T CRANES, M/E MITSUBISHI 6UEC52LA
SOLD FOR USD 3.400.000,00
Diligence
SINGLE DECK CARRIER, DWT 28381 MTS, BLT 11/1995 JAPAN, GRT 16761, LOA 169,03M, 4 X 30,5T CRANES, M/E B&W 5S50MC
SOLD FOR USD 2.100.000,00
Sea Riches
SINGLE DECK CARRIER, DWT 28287 MTS, BLT 9/2001 JAPAN, GRT 17859, LOA 171,93M, 4 X 30T CRANES, M/E B&W 5S50MC
SOLD FOR USD 3.300.000,00 TO LIHAI INTERNATIONAL SHIPPING LTD
Sea Riches
SINGLE DECK CARRIER, DWT 28287 MTS, BLT 9/2001 JAPAN, GRT 17859, LOA 171,93M, 4 X 30T CRANES, M/E B&W 5S50MC
SOLD FOR USD 3.300.000,00
Apollonas
SINGLE DECK CARRIER, DWT 27912 MTS, BLT 5/1996 JAPAN, GRT 18108, LOA 169,03M, 4 X 30T CRANES, M/E B&W 5S50MC
SOLD FOR USD 2.500.000,00
Kenanga
SINGLE DECK CARRIER, DWT 27259 MTS, BLT 10/1996 KOREA, SOUTH, GRT 16498, LOA 167M, 4 X 30T CRANES, M/E B&W 5L50MC
SOLD FOR USD 1.700.000,00
Madrisa
SINGLE DECK CARRIER, DWT 27112 MTS, BLT 9/2006 ARGENTINA, GRT 16418, LOA 165,5M, 4 X 30T CRANES, M/E MAN-B&W 5L50MC
SOLD FOR USD 3.800.000,00
Voge Lena
SINGLE DECK CARRIER, DWT 24571 MTS, BLT 8/1998 JAPAN, GRT 14446, LOA 150,52M, 4 X 30,5T CRANES, M/E MITSUBISHI 6UEC45LA
SOLD FOR USD 2.000.000,00
Voruta
DOUBLE BOTTOM / DOUBLE SIDES, DWT 17789 MTS, BLT 12/1998 INDONESIA, GRT 12192, LOA 141,35M, 3 X 25T CRANES, M/E B&W 7S35MC
SOLD FOR USD 2.250.000,00
Romuva
DOUBLE BOTTOM / DOUBLE SIDES, DWT 17786 MTS, BLT 5/1998 INDONESIA, GRT 12192, LOA 141,35M, 3 X 25T CRANES, M/E B&W 7S35MC
SOLD FOR USD 2.200.000,00
Deltuva
GENERAL CARGO, DWT 16906 MTS, BLT 9/1994 POLAND, GRT 11807, LOA 149,4M, 2 X 25T CRANES, M/E B&W 4S50MC
SOLD FOR USD 1.750.000,00
Arklow Willow
DWT 13873 MTS, BLT 11/2004 JAPAN, GRT 8935, LOA 136,4M, M/E WARTSILA 6L38B
SOLD FOR USD 5.200.000,00
Shinline 5
2 DECKS, DWT 7059 MTS, BLT 12/1985 JAPAN, GRT 5557, LOA 98,17M, 3 X 20T DERRICKS, TEUS 187, M/E B&W 5L35MC
SOLD FOR USD 730.000,00
Transcapricorn
DWT 6663 MTS, BLT 3/2000 NETHERLANDS, GRT 4871, LOA 118,55M, TEUS 390, M/E MAK 8M32
SOLD EURO 2.5 MILL
Red Spirit
DWT 5836 MTS, BLT 7/1998 LITHUANIA, GRT 3893, LOA 102,83M, 2 X 36T CRANES, PUMPS 2X600, TEUS 353, M/E MAN 8L32/40
SOLD FOR USD 1.900.000,00
Niugini Coast
DOUBLE BOTTOM, DWT 5273 MTS, BLT 7/1996 ROMANIA, GRT 4004, LOA 104,75M, 2 X 36T CRANES, PUMPS 4X2650, TEUS 373, M/E MAN 8L32/40
SOLD FOR USD 2.000.000,00
Niu Ailan Coast
GENERAL CARGO, DOUBLE BOTTOM, DWT 5273 MTS, BLT 12/1996 ROMANIA, GRT 4004, LOA 104,75M, 2 X 36T CRANES, TEUS 375, M/E MAN 8L32/40
SOLD
Arklow Rose
DWT 4952 MTS, BLT 2/2002 NETHERLANDS, GRT 2999, LOA 89,99M, TEUS 138, M/E MAK 6M25, CABINS 8
SOLD FOR USD 2.700.000,00
AJOS G.
GENERAL CARGO, DWT 3002 MTS, BLT 7/1996 SLOVAKIA, GRT 2061, LOA 88,45M, TEUS 118, M/E DEUTZ SBV6M628
SOLD FOR USD 1.300.000,00
CONTAINER
Stadt Aachen
DWT 44145 MTS, BLT 9/2007 KOREA, SOUTH, TEUS 3398, M/E MAN-B&W 8K80MC-C
SOLD FOR USD 7.200.000,00
Ilva
DOUBLE BOTTOM, DWT 37800 MTS, BLT 6/2006 GERMANY, TEUS 2742, M/E MAN-B&W 7L70MC-C
SOLD FOR USD 7.000.000,00
E.R. HELGOLAND
DWT 35611 MTS, BLT 8/2002 GERMANY, 3 X 45T CRANES, TEUS 2496, M/E SULZER 7RTA72U-B
SOLD FOR USD 3.750.000,00
