Although many of the orders reported are options, the sentiment seems to be changing, and willing owners are back for more tonnage. If the current activity prevails, prices will continue to increase.
weekLast
weekLow
2014High
2014VLCC300′dwtUSD 102.0 mUSD 102.0 m96.0102.0Suezmax150′dwtUSD 68.0 mUSD 68.0 m64.068.0Aframax110′dwtUSD 55.0 mUSD 54.0 m52.055.0Product50′dwtUSD 37.5 mUSD 37.5 m36.037.5Capesize180′dwtUSD 57.0 mUSD 56.0 m55.057.0Panamax82′dwtUSD 31.5 mUSD 31.5 m30.031.5Handymax64′dwtUSD 29.0 mUSD 29.0 m28.029.0Prices are based on payment terms 40/60
ACTIVITY LEVELTankersDry BulkersOthersModerateActiveActive
Average Far Eastern Prices
PRICESPRICES (mill usd)ThisweekLast
weekLow
2014High
2014VLCC300′dwtUSD 102.0 mUSD 102.0 m96.0102.0Suezmax150′dwtUSD 68.0 mUSD 68.0 m64.068.0Aframax110′dwtUSD 55.0 mUSD 54.0 m52.055.0Product50′dwtUSD 37.5 mUSD 37.5 m36.037.5Capesize180′dwtUSD 57.0 mUSD 56.0 m55.057.0Panamax82′dwtUSD 31.5 mUSD 31.5 m30.031.5Handymax64′dwtUSD 29.0 mUSD 29.0 m28.029.0Prices are based on payment terms 40/60
NEWBUILDING CONTRACTS
TypeNoSizeYardOwnerDelMill$CommBC137600 dwt ImabariWisdom201726BC162000 dwt OshimaWisdom201730BC281522 dwt Tsuneishi ZhoushanSantoku Senpaku2016-2017BC2208000 dwt NACKSGolden Flame201661BC2250000 dwt BeihaiCara Shipping2016Chem119900 dwt Kitanihon ZosenBocimar201735PC2110000 dwt New TimesFrontline 20122016MT340000 dwt New CenturyPertamina2016CO32400 teu BohaiNingbo Ocean2016Bit115000 dwt 3 MajWisby2015LPG138000 cbm HMDWest Africa LPG201653June 6, 2014