CLARKSON HELLAS S&P WEEKLY BULLETIN
Source:Clarkson
2011.05.24
751
S & P
In the Panamax sector, M/V CORONA (73,593 dwt 2007 blt China) reported sold to Greek interests for US$ 30m.
Chinese buyers have purchased the M/V SEA MILD (38,888 dwt 1985 blt I.H.I.) for US$ 5.5m while the British-built handysize M/V ORIENT (34,800 dwt 1985 blt UK) has been sold for US$ 4.5m to Turkish buyers.
Not much to report in the tanker S+P market; Italian interests have sold the M/T MARE DI RAVENNA (51,371 dwt 2006 blt Shina S.B.) to Greek based buyers for US$ 30.3m basis prompt charter free delivery.
NEWBUILDING
It has been another week dominated by the container sector both in terms of interest and ordering of new tonnage.
In a move away from recent patterns the containership orders placed this week have been backed by the large liner companies, such as the NYK/OOCL deal for the Vessels at Samsung. It will be interesting to see in the coming weeks and months if the other alliances, such as the New World Alliance or the CKYH Alliance will also work together to secure berths to order a longer series of ships for the bigger sizes.
Whilst the container sector continues to lead the market in terms of ordering volume this year, there also remains a strong level of interest in the more niche sectors such as LNG and Offshore. There are also some signs of demand in the Tanker sector slowly shifting, with the level of enquiry starting to increase compared to the first part of 2011, however the current size of both the dry and wet orderbooks continues to stunt any significant level of enquiry in these sectors. Nevertheless in China, with empty berths still abundant amongst the smaller yards and demand levels still relatively low, pricing continues to be under pressure for the foreseeable future and this could lead to a small revival in Dry sector ordering as the year progresses, but this will have to wait to be seen.
In terms of reported business; In Containers, OOCL have declared their options at Samsung for four additional 13,000TEU Container ships which we understand will be delivered in 2014 and have been signed at a price of circa USD 136 Mill per vessel. Meanwhile, Costamare have returned to Sungdong to order 5 x 8,800TEU Container ships at a price of circa USD 95 Mill per vessel and due to deliver in 2013.
In Dry, Sungdong are reported to have won orders for 4 of their 82,000dwt Kamsarmax bulk carriers for two separate Owners set to deliver during 2013, these were signed with two separate unknown buyers. Finally in Wet, Guangzhou Longxue are reported to have won an order from Shanghai North Sea Shipping for 2 x 115,000dwt Aframax Tankers at a price of USD 50 Mill per vessel.
