WEEKLY SHIPBROKER REPORTS
24 April 2015 - 17:22
Lion Shipbrokers market Report-week 16- 24 April 2015
MARKET COMMENTARY
Bulkers: We experienced a quiet week in the second hand market with only bulk carriers changing
hands, the majority sold to Greek & Far Eastern buyers. Low ships' prices are still attracting
speculative investors, while the chartering market has not shown any sign of improvement, floating at
historical low levels, around the 600 mark. We recorded a total of 7 transactions (2 kamsarmaxes, 1
panamax, 1 supramax, 1 handymax and 2 handies). Flavour of the week is undoubtedly the sale of
the Chinese controlled five year old handysize NEW SAILING STAR (32K BLT 2010
ZHENGXING/P.R.C, 5 HO/5 HA, 3-GENERATORS, CR 4X30T) to Taiwanese interests for just mid-high
$6 mill region, setting a new benchmark.
Demolition: Subcontinent market has soften due to the start of the monsoon season. Indian rates have
deteriorated to levels well below $400 per lt for all ships 'types, however Bangladesh & Pakistan are
still paying in excess of $400 for tankers. Five more capers and two more panamax bulkers have been
lined up for torching this week. Some cash buyers forecast at least 100 cape units going for scrap this
year, forced by the terrible (below opex) charter rates. Larger bulkers (capes & panamaxes) are still
commanding prices in excess of $400 per lt, while smaller sizes (handies/handymaxes) get abt $390 per
lt.
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WEEKLY SHIPBROKER REPORTS
24 April 2015 - 17:22
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