MARKET NEWS/ RUMOURS
On the dry-bulk side, we understand that Japanese controlled cape RUBIN ACE (151K BLT 1996 NKK/JAPAN LDT 17757) was sold on private basis to clients of N.G. Moundreas of Greece for $10.5 mill. Late nineties panamax CEMTEX RENAISSANCE (71K BLT 1998 HITACHI/JAPAN) is committed for a soft $8.7 mill to undisclosed interests. Bangladeshi buyers are linked with purchases of two handymaxes this week at firm levels; Japanese controlled SUNNY GLORIA (45K BLT 1998
THUNEISHI/JAPAN) attracted a punchy $9.4 – $9.7 mill from clients of Symphony while older unit ROGUE (42K BLT 1991 OSHIMA/JAPAN LDT 6531) fetched the solid price of $5.8 mill. We picked up today that Greek buyers have bought 5 year old handy CLIPPER GLORY (30.5K BLT 2007 SHANGHAIGUAN/CHINA CR 4X30T) for high $11 mill. Remind you that her exact sister CLIPPER GRACE was reported sold one month ago for $11.3 mill also to Greeks. Japanese controlled C. S. VICTORY (32K BLT 2003 KANDA/JAPAN) is sold for $10.8 - $11 mill to Greek buyers, same level with end August’ sale of one year older sister IVS KESTREL (32K BLT 2002 KANDA/JAPAN) for $10.8 - $11 mill to Far Eastern buyers. Vintage handy ROYAL RUBY (27K BLT 1985 MITSUI/JAPAN LDT 5672) achieved the price of $2.8 - $2.9 mill by Chinese interests as well as smaller handy TASMAN ID (21K BLT 1994 SAIKI/JAPAN LDT 5204) for $4.5-4.9 mill.
In the Tanker segment, we picked up that the VLCC ALGARVE (298K BLT 1999 DAEWOO/S. KOREA) was purchased for $35.8 mill to clients of MODEC of Japan for conversion purposes. Two MR tankers changed hands this week; HIGH WIND (46K BLT 1999 JINHAE/CHINA) was sold for $12.2 mill to Chinese interests while younger but smaller unit ANTIGNANO (40K BLT 2002 HYUNDAI/S. KOREA) went to clients of Seaworld Management of Monaco for $13.5 - $14.2 mill levels. Smaller modern
tanker SAMHO SAPPHIRE (13K BLT 2009 SAMHO/JAPAN) was sold through auction in Busan, South Korea on 17th October for the price of $11.8 mill to clients of Buyong San Shipping of South Korea.
In the demolition sector this week, Bangladesh and Pakistan market are still bullish paying between $380-$390 for bulkers, $390-$430 for tankers & $380-$420 for container vessels. India after a period of increase is now stabilizing, paying similar levels as last week i.e. $415-422 for bulkers, $430-$440 for tankers and $425-$435 for containers. China has strengthen $5 to $10 more since last week paying $335-$345 for bulkers, $350-$360 for tankers, $340-$350 for containers. Turkish market continues to weaken for 3rd consecutive week, paying $270-$280 for bulker, $290-$300 for tankers and $285-$295 for containers. For an overview of demolition market rates this week, please check our comprehensive demometer below.

SALES

BULKERS
M/V "RUBIN ACE" - 151,279 dwt, blt 1996 Nkk/Japan, NK, 9 HO/9 HA, M/E: B+W 6S70MC
Sold to clients of N.G. Moundreas of Greece for $10.5 mill
M/V "CEMTEX RENAISSANCE" - 71,400 dwt, blt 1998 Hitachi Zosen/Japan, CR, 7 HO/7 HA, M/E: B+W 6S60MC
Sold to undisclosed buyers for $8.7 mill
M/V "SUNNY GLORIA" - 45,713 dwt, blt 1998 Tsuneishi/Japan, NK, 5 HO/5 HA, CR 4X30T, M/E B+W 6S50MC
Sold to Bangladeshi buyers (clients of Symphony) for $ 9.4- $ 9.7 mill
M/V "ROGUE" - 42,223 dwt, blt 1991 Oshima/Japan, NK, 5 HO/5 HA, CR 4X25T, M/E: Sulzer 6RTA52,
Sold to undisclosed buyers for $ 5.8 mill
M/V "C. S. VICTORY" - 32,385 dwt, blt 2003 Kanda/Japan, NK, 5 HO/5 HA, CR 4X30.5T, M/E: Mitsubishi 6UEC52LA
Sold to Greek buyers for $10.8 - $11 mill
M/V "CLIPPER GLORY" - 30,570 dwt, blt 2007 Shanhaiguan/China, NK, 5 HO/5 HA, CR 4X30T, M/E: MAN-B+W 6S42MC
Sold to Greek buyers for high $11 mill
M/V "ROYAL RUBY" - 27,601 dwt, blt 1985 Mitsui/Japan, KR, 5 HO/5 HA, CR 4X25T, M/E: B+W 6L50MCE, LDT 5,672
Sold to Chinese buyers for $ 2.8-2.9 mill
M/V "TASMAN ID" - 21,702 dwt, blt 1994 Saiki/Japan, LR, 4 HO/4 HA, CR 4X30T, M/E: Mitsubishi 6UEC45LA, LDT 5,204
Sold to Chinese buyers for $ 4.5 - $ 4.9 mill

TANKERS
M/T "ALGARVE" - 298,969 dwt, blt 1999 Daewoo/S. Korea, LR, 15 tnks, capacity 330,574 cbm, M/E: MAN-B+W 7S80MC
Sold to clients of MODEC of Japan for $ 35.8 mill for conversion purposes
M/T "HIGH WIND" - 46,471 dwt, blt 1999 Jinhae/China, RI, 12 tnks, capacity 51,690 cbm, M/E: B+W 6S50MC
Sold to Chinese buyers for $ 12.2 mill
M/T "ANTIGNANO" - 40,113 dwt, blt 2002 Hyundai/S. Korea, RI, 12 tnks, capacity 42,744 cbm, M/E: MAN-B+W 6S50MC-C
Sold to clients of Seaworld Management of Monaco for $ 13.5-14.2 mill
M/T "SAMHO SAPPHIRE" - 13,153 dwt, blt 2009 Samho/Japan, KR, 12 tnks, capacity 13,080 cbm, M/E: MAN-B+W 6S35MC, Coiled: Y1, single bottom, double hull
Sold to clients of Buyong San Shipping of S. Korea for $ 11.8 mill, through auction
M/T "IRENE" - 11,921 dwt, blt 2000 Kurinoura/Japan, NK, 24 x SUS 316L/LN (solid + clad) stainless steel cargo tanks, capacity 12,692 cbm, M/E: B+W 7S35MC, st. steel coils, bowthruster, 24 x 200 cbm/hr submerged centrifugal cargo pumps
Sold to clients of Seatrans of Norway for $8.5 mill
M/T "MOUNT TIANZHU" - 9,055 dwt, blt 2011 Dongfang/China, BV, 10 tnks, capacity 10,088 cbm, M/E: MaK 9M25C, Imo II chemical tanker, epoxy coated, 12 tanks 9402 cbm Pumps: 10x300 Cbm/hr, double hull
Sold to clients of Tiger Shipholding of Japan for $7.8 mill

CONTAINERS
M/V "APL MENDOZA" - 10,488 dwt, blt 1998 Atlantis/Singapore, AB, 1 dks, 802 teu, 3 HO/12 HA, CR 2X40T, M/E: B+W 7S42MC
Sold to Indonesian buyers for $ 3.2-3.5 mill
M/V "AMSTELDIEP" - 5,916 dwt, blt 1996 Pattje/Netherlands, GLSS/DD due 2016/ 2014 , 1 dks, 446 teu, 3 HO/3 HA, M/E: MaK 8M32, Ice 1C, 448 Teus, 40 reefers, bowthruster, cp propeller, gearless
Sold by Court Auction in Valetta-Malta for $ 1.85 mill
M/V "CASTOR" - 5,905 dwt, blt 1996 Pattje/Netherlands, GL SS/DD due 2016/2013, 1 dks, 448 teu, 3 HO/3 HA, M/E: MaK 8M32, Ice 1C, 448 Teus, 40 reefers, bowthruster, cp propeller, gearless
Sold by Court Auction in Valetta-Malta for $ 0.925 mill

DEMOLITION

Bulkers
M/V "FRONT DRIVER" -LDT 23,500- 169,178 dwt, blt 1991 Hyundai Ulsan/S. Korea, LR, 9 HO/9 HA, B+W 6S70MC,
Demo to AS IS SINGAPORE for $ 400 per LDT, (destination INDIA)
M/V "IOLCOS GLORY" -LDT 12,814- 74,841 dwt, blt 1982 Tsuneishi/Japan, NK, 5 HO/8 HA, MAN 14V52/55A
Demo to INDIA for $ 428 per LDT
M/V "INDRANI" -LDT -9,709- 69,611 dwt, blt 1986 Hashihama/Japan, KI, 7 HO/7 HA, B+W 5L70MCE
Demo to CHINA for $ 355 per LDT
M/V "SEA LINK" -LDT 11,822- 58,557 dwt, blt 1980 Koyo/Japan, KR, 7 HO/7 HA, B+W 7L67GFC
Demo to CHINA for $ 330 per LDT
M/V "TITAN" -LDT 8,381- 43,214 dwt, btl 1983 Sanoyasu/Japan, RS, 5 HO/5 HA, CR 4X15T, Sulzer 6RLB66
Demo to INDIA for $ 437 per LDT
M/V "BILOXI BELLE" -LDT 7,341- 39,225 dwt, blt 1984 Kanasashi/Japan, AB, 5 HO/5 HA, CR 4X25T, Sulzer 6RTA58
Demo to INDIA for $ 428 per LDT, including 200tns of ROB
M/V "SIN YUAN" -LDT 6,670- 27,463 dwt, blt 1980 Osaka/Japan, 5 HO/5 HA, CR 4X25T, CR 1X15T, Sulzer 7RND68
Demo to CHINA for $ 328 per LDT
M/V "SPRING BREEZE I" -LDT 7,415- 26,710 dwt, blt 1984 Hindustan/India, RS, 6 HO/6 HA, CR 5X25T, M/E: Sulzer 6RND68M,
Demo to BANGLADESH for $ 385 per LDT (previous sale failed)
M/V "KIMON A" -LDT 5,954- 23,817 dwt, btl 1983 Ihi/Japan, LR, 5 HO/5 HA, 657 TEUS, CR 5X25T, M/E: Pielstick 12PC2-5V-4007804
Demo to INDIA for $ 431 LDT
M/V "INDIAN FORTUNE" -LDT 5,508- 23,542 dwt, blt 1985 Uwajima/Japan, BV, 4 HO/4 HA, CR 2X25T, D 2X25T, M/E: Mitsubishi 6UEC52L,
Demo to INDIA for $ 429 per LDT

OBO
M/V "SARASWATI" -LDT 16,825- 83,155 dwt, blt 1993 B+W Skibsvaerft A/S/Denmark, NV, 9 HA, M/E: B+W 5S60MC
Demo to INDIA for $ 423 per LDT

Tankers
M/T "THERESA MEDITERRANEAN" -LDT 14889- 77,788 dwt, blt 1986 Samsung/S. Korea, BV, 12 tnks, capacity 83,672 cbm, M/E: B+W 6L60MCE
Demo to INDIA for $ 445 per LDT
M/T "XINTONGHAI" -LDT 12844- 61,335 dwt, blt 1981 Oshima/Japan, 9 tnks, capacity 72,968 cbm, M/E: Sulzer 6RND76M
Demo to CHINA for $ 340 per LDT

Containers
M/V "CCNI VADO LIGURE" -LDT 7,696- 23,190 dwt, 1995 Szczecinska Stocznia/Poland, GL, 1 dks, 1728 teu, 4 HO/9 HA, CR 3X40T, M/E: Sulzer 6RTA62U,
Demo to INDIA for $ 442 per LDT
M/V "SILVER BAY" -LDT 8,040- 22,286 dwt, blt 1998 Gdanska Stocznia/ GL, 1504 teu, 8 HO/8 HA, B+W 6L70MC
Demo to AS IS SINGAPORE for $ 411 per LDT (destination INDIA)
M/V "TEVAL" -LDT -7,015- 20,140 dwt, blt 1994 Kvaerner WW/Germany, GL, 1388 - 1,012 teu/14tns homo, 200 reef plugs, 6 HO/8 HA, CR 3X40T, M/E: Sulzer 7RTA58
Demo AS IS MALTA for $ 326 per LDT, including about 150tns bunkers ROB (undisclosed destination)
M/V "MARWAN" -LDT 7,015- 18,950 dwt, blt 1994 Kvaerner WW/Germany, GL, 1 dks, 1388 teu, 200 reef plugs, 6 HO/8 HA, CR 3X40T, M/E: Sulzer 7RTA58
Demo AS IS MALTA for $ 326 per LDT including about 150tns bunkers ROB (undisclosed destination)

Tweendeckers
M/V "BALTICLAND" -LDT 6,757- 17,161 dwt, blt 1977 Haugesund/Norway, LR, 2 dks, 476 teu, 3 HO/3 HA, CR 5X16T, M/E: Sulzer 6RND76,
Demo to INDIA for $ 422 per LDT
M/V "ALEXANDER 1" -LDT 6,876- 13,864 dwt, blt 1990 Komuny Paryskiej Stocznia/Poland, GL, 3 dks, 302 teu, reefer capacity 93937 cbm, 5 HO/9 HA, CR 3X25T, CR 3X12.5T, D 2X5T, M/E: Sulzer 6RTA58,
Demo to INDIA for $ 450 per LDT