Bulkers:
Late nineties cape CRYSTAL STAR (178K BLT 1998 DAEWOO/S. KOREA) has changed hands within China for $11.5 mill basis special & dry-docking surveys due. Greek buyers have bought from the Japanese market, panamax unit BRAVE STAR (74K BLT 2000 TSUNEISHI/JAPAN) for $10.5 mill.
Vintage panamax EVERAIM (68.5K BLT 1994 SASEBO/JAPAN) changed hands within South Korea for $6 mill. Dalian Tiger’s supramax sisters CHRISTINE STAR & HARMONY STAR (56.8K BLT 2011 COSCO DALIAN/CHINA CR 4X36T) were snapped by Greek buyers for the “bargain” price of $17 mill each. Early nineties handy unit DINA (28.5K BLT 1992 IMABARI/JAPAN CR 4X30.5T LDT 5996) iscommitted to Turkish interests for $4.1-$4.15 mill basis prompt delivery in Ghana, West Africa. Semibox-holds handy C.S. VICTORY (32K BLT 2003 KAND/JAPAN 5HO/5HA NO GRABS-NOT LOG FITTED) issold to Russian buyers for excess $10 mill basis special & dry-docking surveys just passed. NYK have committed their smalerl handy GLOBAL PRESTIGE (24K BLT 1998 SAIKI/JAPAN CR 4X30T) toundisclosed buyers for $5.5 mill basis special & dry-docking surveys due this month.
Tankers:
Hyundai’s vintage VLCC unit UNIVERSAL HOPE (299K BLT 1993 ODENSE/DENMARK) has attracted $21 mill by undisclosed further trading buyers.
Centerline bulkhead aframax sisters VALLOMBROSSA & VALBRUNA (113.5K BLT 2000 SAMSUNG/S. KOREA EPOXY COATED CENTRIFUGAL PUMPS) went to undisclosed interests for $30 mill en bloc.
Clients of Bakri Navigation have purchased aframax FORWARD PIONEER (107K BLT 2005 KOYO/JAPAN) for $20.3 mill. In an off market deal, late nineties aframax NASSAU SPIRIT (107K BLT 1998 KOYO/JAPAN) was committed to clients of Kondinave of Greece for $9.3 mill.
Greek controlled vintage aframax ATHINA M (96K BLT 1995 SAMSUNG/S. KOREA) was acquired by Middle Eastern buyers for $8.5 mill. Late nineties MR product unit AS OCEANIA (43K BLT 1999 DALIAN/CHINA, DOUBLE HULL, 4 GRADES, EPOXY, COILED) went to undisclosed interests for $10 mill. Stainless steel chemical sisters SYNNOVE KNUTSEN &ELLEN KNUTSEN (17K BLT 1992/1991 SPAIN 1670T ST.STEEL) were sold to Middle Eastern buyers for $8.9 mill en bloc. Smaller stainless steel unit CLIPPER TRINIDAD (8.8K BLT 1998 HITACHI/JAPAN ALL SUS 304) went to Far Eastern buyers for $5-$5.5 mill level.
Demolition:
The outlook is positive across Subcontinent, China and Turkey alike. Bangladesh and Pakistan market are quoting $390-$395 for bulkers, $425-$430 for tankers & $425-$430 for container vessels.
India is indicating $400-4120 for bulkers, $420-$430 for tankers and $440-$445 for containers. China is especially bullish before the lunar holidays; Greek controlled panamax TURNBERRY GLORY (LDT 10363 BLT 1987 NAMURA/JAPAN) has attracted a whooping $430 per lt including almost 1,000t of bunkers rob upon arrival into North China. Chinese market is paying $360-$370 for bulkers, $370-$380 for tankers, $360-$370 for containers. Turkish market remains firm as last week, paying $300-$315 for bulker, $315-$320 for tankers and $310-$315 for containers.
CLICK ON THE LINK BELOW TO READ THE FULL REPORT IN PDF FORMAT:
http://www.seanews.com.tr/reports/Lion_weekly_11January_2013.pdf
Late nineties cape CRYSTAL STAR (178K BLT 1998 DAEWOO/S. KOREA) has changed hands within China for $11.5 mill basis special & dry-docking surveys due. Greek buyers have bought from the Japanese market, panamax unit BRAVE STAR (74K BLT 2000 TSUNEISHI/JAPAN) for $10.5 mill.
Vintage panamax EVERAIM (68.5K BLT 1994 SASEBO/JAPAN) changed hands within South Korea for $6 mill. Dalian Tiger’s supramax sisters CHRISTINE STAR & HARMONY STAR (56.8K BLT 2011 COSCO DALIAN/CHINA CR 4X36T) were snapped by Greek buyers for the “bargain” price of $17 mill each. Early nineties handy unit DINA (28.5K BLT 1992 IMABARI/JAPAN CR 4X30.5T LDT 5996) iscommitted to Turkish interests for $4.1-$4.15 mill basis prompt delivery in Ghana, West Africa. Semibox-holds handy C.S. VICTORY (32K BLT 2003 KAND/JAPAN 5HO/5HA NO GRABS-NOT LOG FITTED) issold to Russian buyers for excess $10 mill basis special & dry-docking surveys just passed. NYK have committed their smalerl handy GLOBAL PRESTIGE (24K BLT 1998 SAIKI/JAPAN CR 4X30T) toundisclosed buyers for $5.5 mill basis special & dry-docking surveys due this month.
Tankers:
Hyundai’s vintage VLCC unit UNIVERSAL HOPE (299K BLT 1993 ODENSE/DENMARK) has attracted $21 mill by undisclosed further trading buyers.
Centerline bulkhead aframax sisters VALLOMBROSSA & VALBRUNA (113.5K BLT 2000 SAMSUNG/S. KOREA EPOXY COATED CENTRIFUGAL PUMPS) went to undisclosed interests for $30 mill en bloc.
Clients of Bakri Navigation have purchased aframax FORWARD PIONEER (107K BLT 2005 KOYO/JAPAN) for $20.3 mill. In an off market deal, late nineties aframax NASSAU SPIRIT (107K BLT 1998 KOYO/JAPAN) was committed to clients of Kondinave of Greece for $9.3 mill.
Greek controlled vintage aframax ATHINA M (96K BLT 1995 SAMSUNG/S. KOREA) was acquired by Middle Eastern buyers for $8.5 mill. Late nineties MR product unit AS OCEANIA (43K BLT 1999 DALIAN/CHINA, DOUBLE HULL, 4 GRADES, EPOXY, COILED) went to undisclosed interests for $10 mill. Stainless steel chemical sisters SYNNOVE KNUTSEN &ELLEN KNUTSEN (17K BLT 1992/1991 SPAIN 1670T ST.STEEL) were sold to Middle Eastern buyers for $8.9 mill en bloc. Smaller stainless steel unit CLIPPER TRINIDAD (8.8K BLT 1998 HITACHI/JAPAN ALL SUS 304) went to Far Eastern buyers for $5-$5.5 mill level.
Demolition:
The outlook is positive across Subcontinent, China and Turkey alike. Bangladesh and Pakistan market are quoting $390-$395 for bulkers, $425-$430 for tankers & $425-$430 for container vessels.
India is indicating $400-4120 for bulkers, $420-$430 for tankers and $440-$445 for containers. China is especially bullish before the lunar holidays; Greek controlled panamax TURNBERRY GLORY (LDT 10363 BLT 1987 NAMURA/JAPAN) has attracted a whooping $430 per lt including almost 1,000t of bunkers rob upon arrival into North China. Chinese market is paying $360-$370 for bulkers, $370-$380 for tankers, $360-$370 for containers. Turkish market remains firm as last week, paying $300-$315 for bulker, $315-$320 for tankers and $310-$315 for containers.
CLICK ON THE LINK BELOW TO READ THE FULL REPORT IN PDF FORMAT:
http://www.seanews.com.tr/reports/Lion_weekly_11January_2013.pdf