Fearnleys: Last Week Saw Two Large Orders for Ultramax BCs

Fearnleys Weekly newbuilding report said that two large orders for Ultramax bulk carriers were reported last week at Chinese private owned yards, with the newly established Ample Ocean contracting totally 36 vessels at JES and New York based Doonbeg Group ordering totally 8 units at Yangfan.

Both yards have been in position to offer as early slots as end 2015 for the first vessels.

Norway’s Ocean Yield has entered into the gas sector by ordering 3 Ethylene carriers at Sinopacific. Delivery of the vessels is set for the 2nd half 2016. All 3 vessels will be chartered to Hartmann on a bareboat basis for 15 years.

ACTIVITY LEVEL
Tankers Dry Bulkers Others
Low Moderate 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 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 29.0 m USD 28.0 m 28.0 29.0
Prices are based on payment terms 40/60
 

NEWBUILDING CONTRACTS

Type No Size Yard Owner Del Mill$ Comm
BC 12+12+12 64000 dwt JES Ample Oceans 2015-2017 28
BC 4+4 64000 dwt Yangfan Doonbeg Group 2015-2016 29
BC 1 82000 dwt Yangzijiang Sincere Navigation 2015
CO 4 2340 teu Yangfan Schulte 2016
Ethylene 3 36000 cbm Sinopacific Ocean Yield 2016 81
LNG/Ethane 3 27500 cbm Sinopacific Evergas 2016 Options declared
LNG 2+2 174000 cbm Samsung GasLog 2017-2018
LNG 1 155300 cbm Mitsubishi NYK 2017
PCTC 4 7300 ceu HHI Glovis 2016 74.5

 

fearnleys, May 15, 2014

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