Navig8, who recently made contracts for potentially up to 20 wide beam LR1 type product carriers, have added another six VLCCs to their orderbook. A Suezmax order surfaced as CM Lemos went to Hyundai Heavy for two plus two optional two 160,000 dwt. Turning to bulkers, Cosco placed orders domestically for a total of four Capesizes and four handysizes, and the ultramax orderlist increased further by six firm units. The newbuilding activity for smaller size container ships has remained dormant for quite some time; therefore interesting to note Reederei Nord’s activity in China for 2500 and 1700 teu sizes.
ACTIVITY LEVELTankersDry BulkersOthersFirmFirmModerateAverage Far Eastern Prices
PRICES
PRICES (mill usd)ThisweekLast
weekLow
2014High
2014VLCC300′dwtUSD 102.0 mUSD 100.0 m96.0102.0Suezmax150′dwtUSD 68.0 mUSD 67.0 m64.068.0Aframax110′dwtUSD 54.0 mUSD 54.0 m52.054.0Product50′dwtUSD 37.5 mUSD 37.5 m36.037.5Capesize180′dwtUSD 56.0 mUSD 56.0 m55.056.0Panamax82′dwtUSD 31.5 mUSD 31.5 m30.031.5Handymax64′dwtUSD 28.0 mUSD 28.0 m28.028.0Prices are based on payment terms 40/60
NEWBUILDING CONTRACTS
TypeNoSizeYardOwnerDelMill$CommMT2300000 dwtHHINavig82016MT2300000 dwtSWSNavig82016MT2300000 dwtHanjin-SubicNavig82016MT2+2160000 dwtHSHICM Lemos2016LPG238000 cbmH.MipoEastern Pacific2016BC4180000 dwtXingangCosco2016BC264000 dwtJinlingDensay2016/17BC463800 dwtHantongConti2015/16opt.decl.BC440000 dwtXingangCosco2015/16CO32500 teuHuangpu WenchongNord2016CO41730 teuOuhuaNord2015/16Fearnleys, March 27, 2014; Image: Wikimedia