Secondhand bulk carrier S&P market stay relatively quiet after the New Year Holiday and enquiries mainly focus on small units. Some bottom-fishing buyers and buyers with actual transport demand from South East Asia are looking for 5,000dwt – 8,000dwt bulkers. Bulk carriers of 10,000dwt to 18,000dwt are still the most favorite ones. A two-year 17,000dwt bulker was quoted at about CNY26.0m. The market conditions for 20,000dwt and bigger ones remain sluggish. Although some buyers show great interests in the ship type, no final transactions were concluded.
In the period, an eight-year 5,100dwt bulker was traded at a rumored price of CNY6.5m and another seven-year 12,000dwt unit was changed hand at a estimated value of CNY15.0m. Secondhand price indices for all bulkers all declined. Final transactions are rare although buyer’s interests are keen.
The coming Spring Festival Holiday has pushed more owners to speed up cargo delivery, as a result the growing capacity demand drives the inland cargo ship prices in the period.
Domestic secondhand tanker transaction activities keep stable in the period. 1,000dwt Grade III tankers with heating equipment are still the hot type in current market. Some buyers require bigger capacity for the double-hull structure affecting the capacity greatly. The enquiries for 2,000dwt to 5,000dwt weakened in the period, however buyers from South East Asia are still looking for such tankers. Most owners are pessimistic about the future oil shipping market.
In the period, a new-built 4,250dwt product oil tanker was transacted at a price of CNY27.5m. Another new-built 4,100dwt product carrier was changed at an undisclosed price.
The enquiries for containerships and MPPs declined in the corresponding time. A buyer from China Zhoushan is looking for small containership to convert to big-hatch ore carrier.
Demand for sand carrier and ore carrier keep active in the period. Many large projects are expected to launch in near future stimulated by the government’s policy, which pushes warming up of engineering ship market.