MARKET NEWS/ RUMOURS
With BDI slowly improving, Buyers appetite has increased with many sales to report on the dry-bulk front. Japanese owners are proving for one more week that they remain the most realistic sellers in the market, Chinese buyers seem to have finally woken up; chasing all dry-tonnage at scrap-related prices while Greek buyers are active as always in all sectors. Two panamax bulkers changed hands this week. Indian buyers have paid $9.8 mill for Japanese controlled geared unit SAGARKIRAN (73K BLT 1995 HYUNDAI/S. KOREA CR 4X25T GRABS) which was reported 2 weeks ago sold for $11 mill. German controlled PAIUTE (70K BLT 1995/SANOYAS/JAPAN) is reported committed on subjects for $10.2-10.5 mill   to   undisclosed   buyers.   Japanese   controlled   modern   supramax   LIBRE   (52K   BLT   2011 KANASASHI/JAPAN CR 4X30.5T) has been purchased by Bangladesh Buyers for a price of $14.75 mill as well as older handymax KRITON (42K BLT 1990/JAPAN CRR4X30T) for $8 mill (price in line with the sale of AFRICAN STAR (42K BLT 1991 OSHIMA/JAPAN CR 4X25T) back in January for $8.5 mill). Turkish  buyers  have  acquired  Japanese  controlled  handy  SANTA   PACIFICA   (28.4K   BLT   2000 IMABARI/JAPAN  CR  4X30.5T) for $10.5-10.7 mill,  while older unit OCEAN  ID (24.5K  BLT  1994 MITSUBISHI/JAPAN CR 4X30T FIXED & COLLAPSIBLE STANCHIONS) was snapped by Greek buyers (hearing clients of Transbulk) for $7.8 mill basis dry-dock freshly passed last month in China. Chinese buyers have agreed to buy vintage units SIAM JADE (27.5K BLT 1986 MITSUBISHI/JAPAN CR 4X25T LDT 6913, SS/DD DUE) & SIAM OPAL (32K BLT 1985 JAPAN CR 4X30T LDT 6559) for levels of $3-3.2 mill each, which is exactly their scrap price currently in Subcontinent.
In the Tanker segment, we had a very active week; Suezmax NAVIGA (150K BLT 1998/JAPAN) has attracted $16 mill from Indonesian buyers. Three aframax units changed hands; Late 90’s blt QVM SUCCESS (105K BLT 1998/S. KOREA, LDT 17013) has gone to undisclosed interests for $10.5 mill basis ss/dd passed end of last year, while one year younger unit MILLENNIUM  EXPLORER  (102K  BLT 1999/JAPAN ZINC COATED NO COILS) went to clients of Centrofin of Greece for $10.9 mill. Older unit PETAR ZRINSKI (101K BLT 1994/CROATIA) also went to Greek buyers, clients of AVIN, for $8.5 mill. Indonesian  buyers  have  bought  Japanese  controlled  panamax  unit  PACIFIC  BRAVERY  (69K  BLT 1999/JAPAN) for $8-8.5 mill most probably for conversion. Modern MR sisters TORM LAURA  & TORM LANA (53K BLT 2008/2009 CHINA) are reported to have commanded a price of $55 mill en-bloc by clients of Minerva Marine of Greece while in a Chinese shipbuilder controlled sale, MR resale unit TORM ANABEL (53K BLT 2011/CHINA) went to Chinese leasing company for $32 mill against a 7 year bareboat to clients of Parakou Shipping of Hong Kong at a rate around US$ 9,000 per day. Buyers from South America have purchased double hull vintage MR unit TAMBOV (40K BLT 1996/CROATIA COILED/EPOXY/IMO III 9,362 LDT) for $9.8 mill.   At an auction in Rhode Island USA, marine line coated, double hull product unit STAVRODROMI (15K BLT 1999/GERMANY IMO2/MARINE LINE COATED) has attracted a price of $3.5 mill by undisclosed buyers. Smaller units ELIZA PG (5.4K BLT 1992/UK EPOXY/COILED) obtained $3.4 mill from Nigerian buyers while SEMUA BERSATU (5.8K BLT 1998/JAPAN) received $4.8 mill from undisclosed buyers. LPG tanker GAS KALOGEROS (4919 CBM 5K BLT 2007/JAPAN) has gone for $16.8 – 17 mill to undisclosed Vietnamese interests.
In the container/mpp/tween segment, we had a quiet week; Vintage geared feeder SANNE (1122 TEUS 14.7K BLT 1996/GERMANY CR 2X45T) went for a price region $4-4.1 mill to undisclosed while similar feeder OSNABRUCK (942 TEUS 13K BLT 1996/GERMANY CR 2X45T) got $4.25 mill from Indonesian buyers.
In the Demolition sector we had one more week of healthy activity. Subcontinent sentiment is steady with prices ranging at $465 for bulkers, at $490 for tankers & at $490-500 for Tweendeckers/Containers. In other major demo-markets this week, China remains stable paying $425, Visit our website at www.lionshipbrokers.com for our latest market report likewise for Turkey paying $335 per lt.  
 
SALES

BULKERS

M/V "PAIUTE" - 70,293 dwt, blt 1995 Sanoyas/Japan, DNV, 7 HO/7 HA, Sulzer 7RTA52
Sold to Undisclosed Chinese Buyers for $10.2-10.5 mill on subs

M/V "SAGARKIRAN" (Geared Panamax)-73,350 dwt, blt 1995 Hyundai/S.Korea, LR, 7 HO/7 HA, B+W 5S60MC, Cr
4X25T, Grabs 10m3
Sold to Indian Buyers for $9.8 Mill

M/V "LIBRE" -52,510 dwt, blt 2011 Kanasashi/Japan, NKK, ss due 11/2016 dd due 10 2014, 5 HO/5 HA, Mitsubishi
6UEC50LSII, Cr 4X30.5T, No grabs
Sold to Bangladesh Buyers for $14.75 mill

M/V "KRITON" - 42,007 dwt, blt 1990 Oshima/Japan, GL,5 HO/5 HA, Sulzer 6RTA52, Cr 4X30T, LDT 6,747
Sold to Bangladesh Buyers for $8 mill

M/V "SANTA PACIFICA" -28,520 dwt, blt 2000 Imabari/Japan, NKK, SS due 03/2015 DD Ddue 03/2013, 5 HO/5 HA, B+W
6S42MC, Cr 4X30.5T
Sold to Undisclosed Turkish Buyers for $10.5-10.7 mill

M/V "OCEAN ID" - 28,429 dwt, blt 1994 Imabari/Japan, NKK, 5 HO/5 HA, B+W 5S50MC, Cr 4X30.5T, Logger with fixed and collapsible stanchions.
Sold to GREEK BUYERS for $7.8 mill (Clients of Transbulk) basis dd just passed in Feb 2012

M/V "SIAM JADE" - 27,652 dwt, blt 1986 Mitsubishi/Japan, BV SS/DD JUST PASSED FEBRUARY 2011 (IN DUBAI), 5
HO/5 HA, Mitsubishi 6UEC52LA, Cr 4X25T, 6913 LDT
Sold to CHINESE Buyers for $3-3.2mill basis ss/dd just passed (February 2012)

M/V "TRI STAR"- 4,122 dwt, blt 1978 Peters H. /Germany, INSB Highest Ice class ss due April with excavator + traverse)
2013, 1 boxed Hold/1 hatch - 330 TEU's - 55 REEF PLUGS, 1 HO/2 HA, M/E: MaK 6M551AK, self discharger, excavator fitted, LDT 2540, Bow Thruster, 1 x Bobcat S 130
Sold to Undisclosed European Buyers for $0.9 mill

TANKERS

M/T "NAVIGA"-150,841 dwt, blt 1998 Nkk/Japan, DNV, 12 tnks, M/E: Sulzer 6RTA72, 3 pumps
Sold to Indonesian Buyers for $16 mill

M/T "QVM SUCCESS"- 105,162 dwt, blt 1998 Samsung Heavy/S.Korea, VR ss/dd passed Dec 2011, 12 tnks, M/E: B+W
6S60MC, LDT 17013TS
Sold to Undisclosed for $10.5 mill

M/T "MILLENNIUM EXPLORER"- 102,741 dwt, blt 1999 Namura/Japan, NKK, 12 tnks - M/E: Sulzer 7RTA58T, imo iii , zinc coated, no coils, no centreline bulkhead
Sold to Greek buyers (clients of Centrofin) for $10.9 mill

M/T "PETAR ZRINSKI"-101,605 dwt, blt 1994 Brodosplit/Croatia, CS, 7 tnks, M/E: B+W 6L60MC, 3 pumps
Sold to clients of AVIN of Greece for $8.5 mill

M/T "PACIFIC BRAVERY"- 68,967 dwt, blt 1999 Koyo/Japan, NKK, M/E: B+W 6S60MC, 4 pumps
Sold to Undisclosed Indonesian Buyers for $8-8.5 mill possibly for conversion
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M/T "TORM LANA"- 52,941 dwt,  blt 2009 Guangzhou/China, DNV, 12 tnks -Wartsila 7RT-flex50
M/T "TORM LAURA"- 53,160 dwt, blt 2008 Guangzhou/China, DNV, 12 tnks -M/E: Wartsila 7RT-flex50
Sold en bloc to clients of MINERVA Marine of Greece for $55 mill

M/T "TORM ANABEL"- 53,160 dwt, blt 2011 Guangzhou/China, DNV, 12 tnks , M/E: Wartsila 7RT-flex50
Sold to  Chinese leasing company for US$ 32 million against a 7 year bareboat to Parakou Shipping, Hong Kong at a rate around
US$ 9,000 per day.

M/T "TAMBOV"- 40,727 dwt, blt 1996 Brodosplit /Croatia, LR ss/dd due 7/11, 10 tnks -M/E: B+W 6S50MC, coiled, epoxy coated, IMO III/IGS/COW/SBT/DHULL
Sold to SOUTH AMERICAN Buyers for $9.8 mill

M/T "STAVRODROMI"- 15,441 dwt, blt 1999 Aker Mtw/Germany, DNV, 14 tnks, M/E: B+W 8S35MC, IMO II, 3 pumps, marine line coated
Sold in AUCTION IN Rhode Island USA for $3.5 mill

M/T "ELIZA PG"-5,440 dwt, blt 1992 Cochrane Selby/UK, LR, 10 tnks/PUMPS, M/E: MaK 6M453C, epoxy coated, coiled
Sold West African Buyers for $3.4 mill

M/T "SEMUA BERSATU"- 5,810 dwt, blt 1998 Usuki/Japan, ABS, 8 tnk, M/E: Mitsubishi 8UEC37LA , not coated/coiled
Sold to UNDISCLOSED for $4.8 mill

GAS

M/T "GAS KALOGEROS" (4,919 cbm, pressurized LPG carrier) 5,349 dwt, blt 2007 Shitanoe/Japan, BV, M/E: Mitsubishi
6UEC33LSII
Sold by to Vietnamese Buyers for $16.8-17 mill basis ss due

CONT/TWEEN

M/V "SANNE" - 14,700 dwt, blt 1996 Volkswerft Stralsund/Germany, GL, 1 DKS - 1122 TEU's - 4 HO/7 HA, M/E: Sulzer
7RTA52U, Cr 2X45T
Sold to Undisclosed Buyers for $4-4.1 mill

M/V "OSNABRUCK" - 12,950 dwt, blt 1996 Sietas/Germany, GL, ss/dd due 11/2016, 1 DKS - 942 TEU's - 4 HO/6 HA, M/E: MaK 8M601C, Cr 2X45T
Sold Indonesian Buyers for $4.25 mill

DEMOLITION

Tankers
M/T "FRONT ALFA" - LDT 21290TS -150,038 dwt, blt 1993 Mitsui Chiba/Japan, DNV ss due 3/2013 dd due 7/2011, 12
TNKS, M/E: B+W 6S70MC
Demo AS-IS SINGAPORE for $490 per LT

M/T "SMOOTH HOUND" -LDT 14830TS- 84,040 dwt, blt 1989 B+W/Denmark, DNV, 12 TNKS - ABT 86,783 LIQUID, M/E: B+W 5L70MCE
Demo to PAKISTAN for USD 505 per LDT

M/T "SAEHAN BAYSTAR” - LDT 3042TS - 9,312 dwt, blt 1985 Fukuoka/Japan, KR, 25 TNKS, M/E: Mitsubishi
7UEC37LA,
Demo to INDIA for $702 per LDT including 291T Stainless Steel ROB 189T solid

Gas
M/T "MAREGAS"-LDT 3642TS- 7,656 dwt, blt 1983 Orenstein + Koppel/Germany, GL, M/E: MaK 8M551AK
Demo to INDIA for USD 640 per LDT with 5% Nickel Quantity ROB

Combination
OBO "TRUST INTEGRITY"-LDT 15,379- 96,027 dwt, blt 1992 Hyundai/S.Korea, DNV,7 HA, B+W 6S60MC, DOUBLE HULL DOUBLE BOTTOM DOUBLE SIDES,SBT, COW, IGS, DECK HEATERS, TANKS EPOXY COATED, PUMPS 7X1000CBM P/HR FRAMO DEEPWELL, 2 X 450CBM P/HR
Demo to BANGLADESH for $470 per LDT

Bulkers
M/V "NORTHGATE"-LDT 22,737-179,422 dwt, blt 1984 Sumitomo/Japan, NKK, 9 HO/9 HA, Sulzer 6RTA76
Demo to CHINA for USD 435-438 per LDT

M/V "VSP RUBY" - LDT 11,287 -66,908 dwt, blt 1984 Mitsubishi/Japan, LR, 7 HO/7 HA, Sulzer 5RLB76
Demo to CHINA for $432 per LDT including 300 bunkers ROB

M/V "ST. GEORGE"- LDT 13,330 -52,670 dwt, blt 1987 Okean/Ukraine, RS, 8 HO/8 HA, B+W 7DKRN67/170,13868
Demo to INDIA for USD 480 per LDT

M/V "HYPERLINK" - LDT 10,132 -47,208 dwt blt 1983 Hyundai/S.Korea, KR, 5 HO/5 HA,  B+W 6L67GFCA, Cr 4X25T
Demo to BANGLADESH for $455 per LDT

M/V "MOHAWK PRINCESS"-LDT 8,200- 40,300 dwt, blt 1982 Sanoyasu/Japan, ABS, 5 HO/5 HA, Sulzer 7RND76, Cr
5X25T
Demo to INDIA for $485 per LDT

M/V "KARMEN" - LDT 9,359- 38,135 dwt, blt 1983 Imabari/Japan, RS, 5 HO/5 HA, Sulzer 6RTA58, Cr 4X25T Demo to INDIA for $480 per LDT

M/V "SHAO SHAN 1" - LDT 7,989 -37,180 dwt, blt 1984 Koyo/Japan, CCS, 5 HO/5 HA, Sulzer 6RTA58, Cr 4X25T, Demo to INDIA for $485-490 per LDT

M/V "ASPEN ARROW" -LDT 8,603 - 28,030 dwt, blt 1985 Sumitomo/Japan, DNV, 6 HO/6 HA, Sulzer 6RTA58, Cr 3X25T Demo to CHINA for $432 per LDT including 250T bunkers ROB

M/V "LEMESHEV" - LDT 7,755 - 25,865 dwt, blt 1983 Georgi Dimitrov/Bulgaria, RS, 7 HO/7 HA, B+W 6K67GFC Demo to INDIA for $485 per LDT

Container
M/V "CAPE RACE"-LDT 13,496- 35,071 dwt, blt 1993 3 Maj Brodogradiliste/Croatia, GL ss/dd due 01/2013, 1 DKS - 2275
TEU's - 745 FEU's/ REEFER CAP 300 CBM, 5 HO/27 HA, M/E: Sulzer 6RTA72, Cr 4X40T Demo to INDIA for USD 348 per LDT as-is Freeport/Bahamas including 250t bunkers ROB

M/V "JONATHAN P" - LDT 8,817- 33,668 dwt, blt 1990 Halla/S.Korea, BV, 1 DKS - 1923 TEU's - 5 HO/5 HA, M/E: B+W
6L70MC,
Demo to INDIA for $508 per LDT

M/V "ELISABETH"-LDT 8,437- 29,931 dwt, blt 1994 Blohm + Voss/Germany, GL, 1 DKS - 1806 TEU's - 5 HO/26 HA, M/E: B+W 7L60MC, Cr 2X40T, Cr 1X25T, Cr 1X10T
Demo for USD 470 per LDT as is Singapore

M/V "KOTA MACHAN" - LDT 4,660 - 14,260 dwt, blt 1988 Shin Kurushima/Japan, NKK, 1 DKS - 606 TEU's - 4 HO/14
HA, M/E: B+W 6L50MC
Demo to INDIA for $485 per LDT

Tweendecker
M/V "PROFESSOR BARABANOV"- LDT 10,816- 19,943 dwt, blt 1983 Valmet/Finland, RS, 2 DKS - 576 TEU's - 4 HO/8
HA, M/E: Sulzer 14ZV40/48, Cr 2X40T, Cr 3X20T Demo to INDIA for USD 485 per LDT

M/V "EASTERN CARRIER"-LDT 6,776- 14,930 dwt, blt 1985 Khersonskiy/Russia, KR, 2 DKS - 388 TEU's - 5 HO/9 HA, M/E: B+W 6DKRN74/160
Demo to CHINA for USD 438 per LDT