Fearnleys: Just a Few Fresh Contracts Marked Last Week

Fearnleys Weekly newbuilding report said that in total 7 ships were ordered last week.

The market seems to be «out for lunch» for the time being with just a few fresh contracts hitting the headlines. Croatian yard Uljanik secured a pair of MR type product carriers from domestic owners. In another MR deal, d’Amico went to HMD Vietnam for two units for delivery in 2016 at a price reflecting close to 5 pct rebate compared with Korea.

ACTIVITY LEVEL
Tankers Dry Bulkers Others
Moderate Moderate Low
 

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
PC 2 49500 dwt Uljanik Trogir Maritime 2015/16
PC 2 50000 dwt HMD Vietnam D’Amico 2016 36,6
BC 1 208000 dwt Yangzijiang Oldendorff 2017 opt.decl.
BC 2 206000 dwt Yangfan Trafigura opt.decl.

 

Fearnleys, April 10, 2014; Image: Uljanik

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