Newbuilding Prices Stable amid Slack Buying

Slow newbuilding activity has been reported over the past week with no orders announced for Dry bulk and Tankers, according to Fearnleys.

Fincantieri has secured an order from MSC Cruises for two 154,000gt cruise vessels which will be the largest cruise vessels yet to be built by the Italian yard with a price tag of 700 mill EUR each.

The Spanish shipyard LaNaval has entered the Ferry market after securing contract for delivery of a 1750pax/350cars dual fuel ferry from the Dutch company Texel Eigen.

In its latest weekly report, Fearnleys also said that more orders could be expected within the LPG segment over the next weeks as yards are reporting high enquiry activity for this ship type.

Newbuilding prices remain stable.

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

NEWBUILDING CONTRACTS

Type	No	Size	Yard	Owner	Del	Mill$	Comm

PCTC	1	2000 PCTC	Jinling	Anji / Sinotrans	2017
Passenger/car ferry	1	1750pax/350 cars	LaNaval	Texel Eigen Stoom	2016		Dual fuel
Cruise	2+1	154000 gt	Fincantieri	MSC Cruise	2017/18	960