Newbuilding prices seems to have stabilized somewhat. A shortfall and bleak outlook for offshore newbuilding orders forces yards to look harder at pure shipbuilding activity, shifting their exposure to their core business.
Although too early to say, prices might be taking a breather after the hefty contracting activity in 2nd half of 2013, going sideways for the rest of the year. On the other side, there is an impressive list of ships reported this week, many of which are options declared by owners who signed contracts back in 2013.
ACTIVITY LEVEL |
Tankers |
Dry Bulkers |
Others |
Stable |
Active |
Slower |
|
Average Far Eastern Prices |
PRICES |
PRICES (mill usd) |
This
week |
Last
week |
Low
2014 |
High
2014 |
VLCC |
300’dwt |
USD 102.0 m |
USD 102.0 m |
96.0 |
102.0 |
Suezmax |
150’dwt |
USD 68.0 m |
USD 68.0 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 |
 |
BC |
1 |
33000 dwt |
Shin Kurushima |
Sesoda |
2016 |
|
|
BC |
3 |
38500 dwt |
Huatai |
Interlink |
2016 |
|
|
BC |
3 |
37300 dwt |
Nanjing Dongze |
Nordic Hamburg |
2015 |
|
options declared |
BC |
2 |
82000 dwt |
YZJ |
T. Klaveness |
2014/2017 |
|
options declared |
BC |
1 |
80500 dwt |
Zhejiang Ouhua |
T. Klaveness |
2017 |
|
|
BC |
2 |
84000 dwt |
Sasebo |
Santoku |
2016 |
|
|
CO |
2 |
10000 teu |
Jiangsu Yangzi Xinfu |
Seaspan |
2016 |
100 |
options declared |
CO |
2 |
10000 teu |
YZJ |
Seaspan |
2016 |
100 |
options declared |
Chem |
5+5 |
25000 dwt |
Dingheng |
Genmar |
2016 |
42/43 |
|
LPG |
1 |
83000 cbm |
MHI |
Astomos |
2016 |
|
|
MT |
4 |
112700 dwt |
DSME Mangalia |
Tsakos |
2016-2017 |
51 |
|
|
Fearnleys, April 3, 2014; Image: HHI