Busy-busy-busy... as the charter rates are going north; the buying interest just grows stronger. We
picked up thirty (30) second hand transactions taking place this week:Bulkers: Cido has disposed 3 panamaxes to Greek owners at firm levels; Sisters TOP COURAGE &
POS DIGNITY (76K BLT 2004 SASEBO/JAPAN) went en bloc to clients of Modion for $21 a piece, while
one year younger unit TOP ETERNITY (76K BLT 2005 TSUNEISHI/JAPAN) went to clients of Anbros for
$23 mill. A staggering number of 10 supras changed hands this week; In an off market deal, clients of
Grimstad of Norway have committed en bloc Philippino built sisters JIN YANG (58K BLT 2010
TSUNISHI CEBU CR 4X30T) & JIN ZE (58K BLT 2012 TSUNEISHI CEBU CR 4X30T) for $27 & $29 mill
respectively. Clients of LMZ of Greece have purchased Dolphin 57 supramax AQUAROSA (57K BLT
2010 YANGZHOU/CHINA CR 4X36T) for $20.5 mill. Gourdomichalis controlled Dolphin 57 sisters
KAVO PLATANOS, UNICORN, TRANSTIME & CHESIRE (57K BLT 2011/2012 JINLING/CHINA CR
4X30T) were privately committed en bloc for a very firm $30.5 mill per ship to undisclosed interests.
Prompt resale ORIENT IRIS (55K DELY MAR 2014 EX-KAWASAKI/JAPAN CR 4X30T) has gone for $31
mill to undisclosed direction. Greek controlled SKY MARINER V (53K BLT 2005 IMABARI/JAPAN CR
4X30T) has commanded a price of $22 mill while similar unit TROPICAL QUEEN (52.5K BLT 2005
TSUNEISHI CEBU/PHILIPINES CR 4X30T) attracted half a mill less ($21.5 mill), a quite firm level for
her Philippino built. In an off market deal, Optimistic Greek buyers have agreed to pay a very firm
$12.1 mill for Ugland's handymax LIVANITA (45K BLT 1997 HASHIHAMA/JAPAN CR 4X25T) while
back in January her two year older sister AZURE SKY (45K BLT 1995 HASHIHAMA/JAPAN CR 4X30T)
was sold for just $8.5 mill. Mitsubishi controlled large handy PACIFIC ELFIN (35K BLT 2001
MIMANI/JAPAN CR 4X30T) attracted $14 mill. Oldendorff's sisters LUCAS & LILY OLDENDORFF
(31.5K BLT 2002 & 2003 SAIKI/JAPAN CR 4X30T) were sold for $14.8 mill & $15.4 mill respectively.
Japanese controlled smaller handy logger GLOBAL ARROW (25K BLT 1997 KANASASHI/JAPAN CR
3X30.5T) was snapped by Greek buyers at the vicinity of $5.8-$6.1 mill.Demolition: The Subcontinent market is firm, with India monopolizing almost all of the reported
tonnagethis week. China is soft at levels in the low-mid $300, same as Turkey, paying levels in the
region of $300.
CLICK ON THE LINK BELOW TO READ THE FULL REPORT IN PDF FORMAT:
http://www.seanews.com.tr/reports/lions_weekly_21_february_14.pdf