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.LION’S DEMOMETER (USD $ / LT)COUNTRYBULKERTANKERCONT/TWEENTRENDTURKEY300-315315-320310-315firmPAKISTAN390420425-430firmINDIA400-410410-420440firmBANGLADESH390415-420430firmCHINA360-370370-380360-370firmDemolition: 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.
CLICK ON THE LINK BELOW TO READ THE FULL REPORT IN PDF FORMAT:http://www.seanews.com.tr/reports/Lion_04Jan2013.pdf
CLICK ON THE LINK BELOW TO READ THE FULL REPORT IN PDF FORMAT:http://www.seanews.com.tr/reports/Lion_04Jan2013.pdf