MARKET NEWS/ RUMOURS
Bulkers: The second hand market remains very active during the first week of the year, with various vessels changing hands, especially panamaxes. Clients of Fredrisksen Group of Norway are reported to have bought en bloc two 82,000 dwt kamsarmax prompt resales ex Xiamen Shipyard (Hulls XSI482A & XSI482B) at the soft price of $22.5 mill each. We understand that Japanese controlled panamax bulkers CROWN STAR (76K BLT 2002 IMABARI/JAPAN) & KONMAX (72K BLT 2000 IMABARI/JAPAN) are both committed to Greek interests for $12.1-$12.5 mill & $10.1-$10.5 mill respectively. N.J. Goulandris’ nineties vintage panamax KRONOS (73K BLT 1996 SAMSUNG/S. KOREA) has been also acquired by Greek buyers at a price of $7 mill. Clients of Precious of Thailand have added two more Indian built bulkers to their fleet; GOOD PRIDE (53K BLT 2010 HINDUSTAN/INDIA CR 4X36T) & GOOD PRECEDENT (53K BLT 2011 HINDUSTAN/INDIA CR 4X36T) attracted 13.25 & 14.25 mill respectively.
Tankers: In an off-market deal, clients of Hellenic Tankers of Greece are reported to have purchased en bloc aframax sisters BRITISH HAWTHORN & BRITISH LAUREL (106K BLT 2003/2002 TSUNEISHI/JAPAN) for $30 mill. Japanese controlled pumproom type MR LOTUS EXPRESS (45K BLT 2003/JAPAN IGS/SBT/EPOXY COATED/DOUBLE HULL) is committed to undisclosed interests for 15.5 mill basis ss/dd freshly passed.

Demolition: 2013 is expected to be one more record year for scrapping and the sentiment is bullish in Subcontinent, China and Turkey alike. Bangladesh and Pakistan market are paying $390 for bulkers, $415-$420 for tankers & $425-$430 for container vessels. India is firm, currently paying $400-410 for bulkers, $410-$420 for tankers and $440 for containers. China is strong, paying $360-$370 for bulkers, $370-$380 for tankers, $360-$370 for containers. Turkish market is firming as well, paying $300-$310 for bulker, $315-$325 for tankers and $310-$320 for containers. For an overview of demolition market rates this week, please check our comprehensive demometer.

SALES
BULKERS
M/V "GUANHUA" (HULL XIAMEN XSI482A) -82,000 dwt blt 9/2012 Xiamen /China, GL, MAN-B+W 5S60ME-C M/V "GUANRONG" (HULL XIAMEN XSI482B) -82,000 dwt, blt 12/2012 Xiamen/China, GL, MAN-B+W 5S60ME-C Sold en bloc to Fredriksen Group of Norway for $22.5 mill each
M/V "CROWN STAR" -76,662 dwt, blt 2002 Imabari/Japan, NK, 7 HO/7 HA, B+W 6S60MC Sold to Greek buyers for $12.1-$12.5 mill
M/V "KRONOS" -73,301 dwt, blt 1996 Samsung/S. Korea, GL, 7 HO/7 HA, B+W 6S60MC Sold to Greek buyers for $7 mill
M/V "KONMAX" -72,270 dwt, blt 2000 Imabari/Japan, NK, 7 HO/7 HA, B+W 6S60MC Sold to Greek buyers for $10.1-$10.5 mill
M/V "GOOD PRIDE" -53,000 dwt, blt 2010 Hindustan/India, IRS/DNV, 5 HO/5 HA, Wartsila 6RT-flex50, Cr 4X36T Sold to clients of Precious of Thailand for $13.25 mill
M/V "GOOD PRECEDENT" -53,000 dwt, blt 2011 Hindustan/India, IRS/DNV, 5 HO/5 HA, Wartsila 6RT-flex50, Cr 4X36T Sold to clients of Precious of Thailand for $14.25 mill

TANKERS
M/T "BRITISH HAWTHORN" -106,500 dwt, blt 2003 Tsuneishi/Japan, LR, 12 TNKS -capacity 114,413 cbm, M/E: B+W 6S60MC M/T "BRITISH LAUREL" -106,500 dwt, blt 2002 Tsuneishi/Japan, LR, 12 TNKS, capacity 114,413 cbm, M/E: B+W 6S60MC Sold en bloc to clients of Hellenic Tankers for $30 mill
M/T "LOTUS EXPRESS" -45,789 dwt, blt 2003 Minami-Nippon /Japan, NK, 12 TNKS, capacity 52,258 cmb, M/E: B+W 6S50MC Sold to undisclosed buyers for $15.5 mill
GAS
M/T "CESKA" (Ex CORAL ELECTRA)-3,090 dwt, blt 2003 Poli Pellestrina/Italy, BV, M/E: Yanmar Sold to clients of Lumaship of Italy for $10 mill
M/T "CORAL MAYA" -3,090 dwt, blt 2004 Poli Pellestrina/Italy, BV, M/E: Yanmar Sold to clients of Lumaship of Italy for $10 mill

DEMOLITION
Bulkers
M/V "DIMITROVSKY KOMSOMOL" -LDT 9,502-38,545 dwt, blt 1985 Georgi Dimitrov/Bulgaria, BR, 7 HO/7 HA, Sulzer 6RND68M Demo to TURKEY for $309 per LDT
M/V "SUNRISE 89" -LDT 5,215-21,351 dwt, blt 1981 Watanabe/Japan, VR, 4 HO/4 HA, MaK 9M552AK, Cr 4X25T Demo to INDIA for $405 per LDT
Containers
M/V "BOSPORUS BRIDGE" -LDT 16,204-47,359 dwt, blt 1993 Shin Kurushima/Japan, NK, 5 HO/43 HA, 3720 TEUS, B+W 10L80MC Demo to BANGLADESH for $460 per LDT
M/V "MADURA" -LDT 7,381-22,494 dwt, blt 1994 Szczecinska/Poland, GL, 4 HO/9 HA, 1684 TEUS, Sulzer 6RTA62, Cr 3X40T Demo to INDIA for $448 per LDT