Fearnleys: 31 Ships Ordered Last Week

Fearnleys Weekly newbuilding report said that in total 31 ships were ordered last week.

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 LEVEL
Tankers Dry Bulkers Others
Firm Firm Moderate

Average Far Eastern Prices

PRICES

PRICES (mill usd) This
week
Last
week
Low
2014
High
2014
VLCC 300’dwt USD 102.0 m USD 100.0 m 96.0 102.0
Suezmax 150’dwt USD 68.0 m USD 67.0 m 64.0 68.0
Aframax 110’dwt USD 54.0 m USD 54.0 m 52.0 54.0
Product 50’dwt USD 37.5 m USD 37.5 m 36.0 37.5
Capesize 180’dwt USD 56.0 m USD 56.0 m 55.0 56.0
Panamax 82’dwt USD 31.5 m USD 31.5 m 30.0 31.5
Handymax 64’dwt USD 28.0 m USD 28.0 m 28.0 28.0
Prices are based on payment terms 40/60

 

NEWBUILDING CONTRACTS

Type No Size Yard Owner Del Mill$ Comm
MT 2 300000 dwt HHI Navig8 2016
MT 2 300000 dwt SWS Navig8 2016
MT 2 300000 dwt Hanjin-Subic Navig8 2016
MT 2+2 160000 dwt HSHI CM Lemos 2016
LPG 2 38000 cbm H.Mipo Eastern Pacific 2016
BC 4 180000 dwt Xingang Cosco 2016
BC 2 64000 dwt Jinling Densay 2016/17
BC 4 63800 dwt Hantong Conti 2015/16 opt.decl.
BC 4 40000 dwt Xingang Cosco 2015/16
CO 3 2500 teu Huangpu Wenchong Nord 2016
CO 4 1730 teu Ouhua Nord 2015/16
Fearnleys, March 27, 2014; Image: Wikimedia

 

 

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