With the Chinese Spring Festival approaching, the bad weather and coal consumption growth as well as the power plant inventory increase has jointly driven the domestic shipping demand and freights market up. However, the ship trading market overall inquiry enthusiasm has slipped slightly in the period while part ship types see relatively enquiries.
Owner from southern cities and Yangtze river belt are looking for 5000 dwt bulk carrier, enquiries from Fujian area decrease in the period; Enquiries for 10000 dwt bulkers are still active and a seven-year 10000 dwt bulk carrier were offered CNY 13.0 m; Demand for 20000 dwt secondhand bulkers is still scarce for the buyer’s lack of confidence.
In the period, a three-year 4900dwt bulk carrier and a seven-year 4600dwt bulker were traded at a rumor prices less than CNY7.0m. Secondhand ship indices for different ship types have all seen declines despite buyers’ enthusiasm in the market.
Trading activities for secondhand inland ships have risen with both the buyers and the sellers hoping to finish the transaction before the holiday, which has drawn the ship price up.
Oil shipping market has seen mild decline with oil consumption continuing to slide. On the contrary, domestic secondhand tanker trading market has maintained steady and new shipbuilding prices have increased slightly.
Some buyers are looking for 600dwt secondhand bunker tanker, but the available units are most new-built units. 1000dwt Grade III tankers with heating equipments are still relatively hot in current market and transactions are still active. With oil shipping market keeping going worse, more tanker owner are planning to sell ships. However, enquiries are still scare, especially for 2,000-3,000dwt and 4,000-5,000dwt tankers.
A tanker owner put n 2010-blt 4,900dwt tanker for sale at a offer of CNY28.0m. Bedsides, some buyer is looking for 6,000dwt product oil tanker.
In the period, several three-year to five-year-old 1,000dwt Grade 3 tanker with heating equipments are changed hand, however, no details about price are disclosed.
Enquiries for domestic containerships and multi-purpose vessels have been plain in the period. There have been some buyers looking for 1000 HP tugs and 5000 HP or ocean-going tugs. Enquiry for the engineering ship has decreased, small tonnage sand carrier are much more popular comparatively.