athenian shipbrokers s.a. · 2017. 2. 1. · imbondeiro 45999 1998 korea dh 5 mio wilmar king...
TRANSCRIPT
ATHENIAN SHIPBROKERS S.A.
107-109, Vas. Pavlou Str., GR 166 73, Voula , Athens, Greece Tel: 210 9659700 - Fax: 210 8996040
Internet Mail: athenian(at)atheniansa(dot)gr www.atheniansa.gr
January 2017
M O N T H L Y R E P O R T
0
2000
4000
6000
8000
10000
12000
Jan
-07
May
-07
Sep
-07
Jan
-08
May
-08
Sep
-08
Jan
-09
May
-09
Sep
-09
Jan
-10
May
-10
Sep
-10
Jan
-11
May
-11
Sep
-11
Jan
-12
May
-12
Sep
-12
Jan
-13
May
-13
Sep
-13
Jan
-14
May
-14
Sep
-14
Jan
-15
May
-15
Sep
-15
Jan
-16
May
-16
Sep
-16
Jan
-17
Baltic Dry Index
PRICES TANKERS ($ MIO)
* Prices reflect Year’s End 2011* 2012* 2013* 2014* 2015* 2016* Jan-17
VLCC 5Y 55.6 56.0 55.8 77.1 80 60 62
VLCC 10Y 34.1 35.0 35.0 52.1 55 40 42
SUEZMAX 5Y 45.6 40.2 39.5 56.8 60 40 41
AFRAMAX 5Y 34.7 28.0 27.8 41.9 46 29 30
AFRAMAX10Y 19.3 16.3 16.3 26.8 31 18 19
PANAMAX5Y 30.9 24.3 24.3 33.4 35 28 29
45K 5Y D/H 25.8 23.0 23.3 23.8 28.9 22 22.5
45K 10Y D/H 15.8 15.5 15.7 15.2 19.6 15.5 15
45K 20Y 6.0 6.2 6.2 6.5 8.5 5.1 5.1
PRICES BULKERS ($ MIO)
* Prices reflect Year’s End 2011* 2012* 2013* 2014* 2015* 2016* Jan-17
CAPESIZE 5Y 36.3 32.0 43.9 39.5 25 24 25
CAPESIZE 10Y 26.8 20.5 31.0 27.8 13.6 15 16
CAPESIZE 15Y 15.2 12.7 18.2 16.3 8.5 8 9.2
CAPESIZE 20Y 10.5 9.3 10.1 9.0 5.6 5.5 5.7
PANAMAX 5Y 26.4 18.0 25.6 20.1 14 14 15
PANAMAX 10Y 18.6 12.5 17.9 14.6 8.5 8.5 9.5
PANAMAX 15Y 12.4 8.3 12.0 10.0 5 5.4 6.3
PANAMAX 20Y 8.1 5.4 7.5 5.4 3.6 3.6 4
SUPRAMAX 5Y 26.4 23.3 24.3 20.8 13.6 14 15
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
2
S E C O N D H A N D S A L E S & C H A R T E R F I X T U R E T R E N D S
0.0
10.0
20.0
30.0
40.0
50.0
60.0
70.0
80.0
90.0
Pri
ce (
USD
Mio
)
Monthly Tanker Market Trend
VLCC 5Y VLCC 10Y SMAX 5Y AMAX 5Y
AMAX 10Y PMAX 5Y 45K 5Y D/H 45K 10Y D/H
0
10000
20000
30000
40000
50000
60000
70000
Pri
ce (
USD
)
Monthly 1 Yr TC Rates
VLCC 1 Yr T/C SMAX 1 Yr T/C AMAX 1 Yr T/C
PMAX 1 Yr T/C MR 1 Yr T/C
0.0
10.0
20.0
30.0
40.0
50.0
60.0
Pri
ces
(USD
Mio
)
Monthly Bulk Carrier Market Trend
CAPE 5Y CAPE 10Y CAPE 15Y
PMAX 5Y PMAX 10Y PMAX 15Y
SUPRA 5Y HMAX 10Y HMAX 15Y
0
5000
10000
15000
20000
25000
30000
35000
Pri
ce (
USD
)
Monthly 1 Yr TC Rates
CAPE 1 Yr T/C PMAX 1 Yr T/C
SUPRA 1 Yr T/C HMAX 1 Yr T/C
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
3
S E C O N D H A N D T O N N A G E M A R K E T
*Excluding demolition sales
Sale and Purchase Market
Ship Type Aug-16 Sep-16 Oct-16 Nov-16 Dec-16 Jan-17 Total
BULK 50 43 49 72 41 63 318 TANK 25 12 19 26 20 26 128 GAS 2 2 4 3 3 1 15 CONT 8 9 4 10 17 9 57 TWEEN/MPP 2 2 4 2 0 2 12 REEF 0 0 0 0 0 0 0 RORO 0 2 0 0 1 1 4 FERRY 0 0 0 0 1 2 3 CRUISE 0 0 0 0 0 0 0
Total 87 70 80 113 83 104 537
190
63
189
41
0
50
100
150
200
THIS MONTH - PREVIOUS MONTH
S&P Activity Dry (>5,000 Dwt)
AVAILABLE FOR SALE
REPORTED SOLD
PREVIOUS MONTH A/BLE FORSALEPREVIOUS MONTH SALES
156
26
118
20
0
50
100
150
200
THIS MONTH - PREVIOUS MONTH
S&P Activity Tankers (>5,000 Dwt)
AVAILABLE FOR SALE
REPORTED SOLD
PREVIOUS MONTH A/BLE FORSALEPREVIOUS MONTH SALES
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
4
TANKER SALES
NAME DWT BLT PRICE $ BUYER
MELANIE 2562 1983 BULGARIA DH 0.7 MIO UNDISCLOSED STRAITVIEW 3550 2007 TURKEY DH 4 MIO POLISH (Marineline) YONG CHENG 58 5717 2012 CHINA DH 11.4 MIO NANJING SHENGHANG (STST) YONG SHENG HUA 7 7849 2011 CHINA DH 11 MIO NANJING SHENGHANG (epoxy) CRYSTAL NORD 8143 1994 BULGARIA DH 4 MIO POLISH (STST) EA SIRIUS 12886 2009 KOREA DH 11.5 MIO PHILIPPINO GLOBAL CERES 12999 2009 JAPAN DH 12.5 MIO AMA (Marineline) QUERCIANELLA 13776 2004 ITALY DH 12.8 MIO UNDISCLOSED (Epoxy. Via Auction) DAVINO D 14246 2005 JAPAN DH 14 MIO CHEMSHIP (STST) FAIRCHEM MAVERICK 19800 2012 JAPAN DH 24 MIO NORWEGIAN
FAIRCHEM FRIESIAN 21206 2009 JAPAN DH 21.5 MIO ENBLOC BSS▼ FAIRCHEM CHARGER 21206 2009 JAPAN DH 21.5 MIO TUFTON (Price each. STST)
WALNUT EXPRESS 45729 2004 JAPAN DH 10.7 MIO GREEK (Epoxy) IMBONDEIRO 45999 1998 KOREA DH 5 MIO WILMAR KING DORIAN 73611 2007 CHINA DH 15 MIO UNDISCLOSED (Epoxy) EAGLE STEALTH 105322 2001 JAPAN DH 11.5 MIO WINSON OIL
RATNA SHRUTI 105746 2008 KOREA DH 22.2 MIO ENBLOC BSS▼ RATNA SHRADHA 105777 2008 KOREA DH 22.2 MIO ENBLOC BSS▼ RATNA NAMRATA 105830 2008 KOREA DH 22.2 MIO ENBLOC BSS▼ RATNA SHALINI 105849 2010 KOREA DH 25.4 MIO GREEK (Price each)
SIFNOS 150875 1999 JAPAN DH 12.3 MIO GREEK AEGEAN NAVIGATOR 159040 2007 KOREA DH 31 MIO INDIAN (Long subs) BW UTAH 299498 2001 KOREA DH 21 MIO UNDISCLOSED HULL S771 300000 2017 KOREA DH 81.5 MIO GREEK (On subs) OS CONCORD 301345 1996 KOREA DH 17 MIO SENTEK GENER8 POSEIDON 305796 2002 KOREA DH 25 MIO UNDISCLOSED
543
349
857
320
420
520
620
720
820
920
6 9 12 15 18 21 24 27 30 33 36 39 42 45 48 51 2 5
WEEK NO
Baltic Clean Tanker - Yearly
2017 2016
867
500
1048
400
500
600
700
800
900
1000
1100
6 9 12 15 18 21 24 27 30 33 36 39 42 45 48 51 2 5
WEEK NO
Baltic Dirty Tanker - Yearly
2017 2016
867
616 603
350
450
550
650
750
850
950
03/01/2017 10/01/2017 17/01/2017 24/01/2017 31/01/2017
Baltic Clean Tanker - Monthly
1088
1001
901
750
850
950
1050
1150
03/01/2017 10/01/2017 17/01/2017 24/01/2017 31/01/2017
Baltic Dirty Tanker - Monthly
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
5
GAS SALES
NAME DWT BLT CBM PRICE $ BUYER
HUA NAN 3 3218 2011 CHINA 3628 5.22 MIO CHINESE (Via Auction)
33000
17400
20740
0
10000
20000
30000
40000
50000
60000
70000
Jan-16 Mar-16 May-16 Jul-16 Sep-16 Nov-16 Jan-17
$/D
ay
Spot Market - Tankers VLCC
SUEZMAX
AFRAMAX
28250
21000 17500
10000
20000
30000
40000
50000
60000
Jan-16 Mar-16 May-16 Jul-16 Sep-16 Nov-16 Jan-17
$/D
ay
Period Market - Tankers 1 Year T/C
VLCC
SUEZMAX
AFRAMAX
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
6
BULKER SALES
NAME DWT BLT GEAR PRICE $ BUYER
TUO ZHAN 1 17832 1986 JAPAN CR 4X25 1.2 MIO ENBLOC BSS▼ TUO ZHAN 2 22271 1989 JAPAN CR 4X30 1.9 MIO CHINESE (Price each. Via Auction)
COMATCE STAR 23725 1995 JAPAN CR 4X30 2.3 MIO UNDISCLOSED BUYERS MAHONI 27239 1997 KOREA CR 4X30 2.43 MIO UNDISCLOSED (Via Auction) POAVOSA CHAMPION 27940 1996 JAPAN CR 4X30 2.7 MIO UNDISCLOSED PHOENIX ISLAND II 28202 2011 JAPAN CR 4X30 8 MIO GREEK CLIPPER ISE 28227 2012 JAPAN CR 4X30 8.5 MIO GREEK KRONOS ISLAND 28348 2013 JAPAN CR 4X30 9.3 MIO GREEK OCEAN BELLE 28418 2009 JAPAN CR 4X30 7 MIO GREEK JULES GARNIER 28656 2002 JAPAN CR 4X30 4.2 MIO UNDISCLOSED GENCO RELIANCE 29952 1999 JAPAN CR 4X30 3.5 MIO CHINESE
AEC DILIGENCE 31642 2002 JAPAN CR 4X30 5.4 MIO UNDISCLOSED (Incl TC Back to
Sellers) AZURE BAY 31700 2005 JAPAN CR 4X30 7 MIO GREEK ZHI JING 33076 2008 CHINA CR 4X25 4 MIO UNDISCLOSED
CHRISTIANE OLDENDORFF
33324 2010 CHINA CR 4X30 5.5 MIO ENBLOC BSS▼
CHRISTOFFER OLDENDORFF
33324 2010 CHINA CR 4X30 5.5 MIO GREEK (Price each)
ETERNAL OCEAN 33382 2013 JAPAN CR 4X30 13 MIO EUROPEAN
MARCAROLINA 33741 2010 KOREA CR 4X30 8.5 MIO ENBLOC BSS▼ MARCOLORADO 34904 2010 KOREA CR 4X30 8.5 MIO NORDIC (Price each)
TRADING FABRIZIA 35000 2011 KOREA CR 4X30 9 MIO GREEK BBC PLUTO 37495 2010 CHINA CR 4X30 8.5 MIO EUROPEAN HYUNDAI TREASURE 48821 2004 JAPAN CR 4X30 5 MIO UNDISCLOSED
559
448 402
390
440
490
540
590
03/01/2017 10/01/2017 17/01/2017 24/01/2017 31/01/2017
Baltic Handysize
2
843
722 679
660
710
760
810
860
03/01/2017 10/01/2017 17/01/2017 24/01/2017 31/01/2017
Baltic Supramax
2
807
1042
964
630
730
830
930
1030
1130
03/01/2017 10/01/2017 17/01/2017 24/01/2017 31/01/2017
Baltic Panamax
4
1759
1294 1167
900
1100
1300
1500
1700
1900
03/01/2017 10/01/2017 17/01/2017 24/01/2017 31/01/2017
Baltic Capesize
4 38
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
7
NEMTAS 2 48857 2005 JAPAN CR 4X30 8 MIO BANGLADESHI OCEAN ETERNITY 50630 2011 JAPAN CR 4X30 9.5 MIO UNDISCLOSED OMICRON PRIDE 51029 2001 JAPAN CR 4X30 5.4 MIO FAR EASTERN STEEL COURAGE 51215 2002 CHINA CR 4X30 4.1 MIO UNDISCLOSED NAVIOS APOLLON 52073 2000 JAPAN CR 5X30 5 MIO UNDISCLOSED NITON COBALT 52471 2004 JAPAN CR 4X30 6.2 MIO UAE BASED (Via Auction) PACIFIC SEA 53589 2004 CHINA CR 4X30 4.9 MIO GREEK KARAWEIK 54049 2006 JAPAN CR 4X30 8.1 MIO GREEK (On subs) FEDERAL FRANKLIN 55303 2008 JAPAN CR 4X30 10.5 MIO GREEK ORIENT PHOENIX 55840 2007 JAPAN CR 4X30 9.5 MIO EUROPEAN SANTA ISABELLA 55862 2006 JAPAN CR 4X30 8.9 MIO GREEK MEDI IMABARI 56047 2008 JAPAN CR 4X30 10.5 MIO GREEK NEW CALEDONIA MARU 58086 2013 PHILIPPINES CR 4X30 14.2 MIO UNDISCLOSED HALICARNASSUS V 58729 2009 CHINA CR 4X30 11.1 MIO UNDISCLOSED HULL DY 161 63500 2017 CHINA CR 4X35 18.5 MIO GREEK MILOS ISLAND 63500 2016 CHINA CR 4X35 18.3 MIO GREEK AGIA PISTI 72493 1999 JAPAN GLESS 4.6 MIO UNDISCLOSED GENERAL GUISAN 73035 1999 CHINA GLESS 4.1 MIO CHINESE NYON 73035 1999 CHINA GLESS 4.1 MIO CHINESE JUN JIE 74005 2000 JAPAN GLESS 4.8 MIO CHINESE EVER SHINING 74346 1999 JAPAN GLESS 4.6 MIO CHINESE NORDELBE 75259 2001 KOREA GLESS 5.1 MIO CHINESE BUBALIN 76417 2004 JAPAN GLESS 7.3 MIO GREEK RED JASMINE 76596 2006 JAPAN GLESS 8 MIO GREEK MEDI VENEZIA 76602 2005 JAPAN GLESS 7.8 MIO GREEK MAVERICK GENESIS 80705 2010 KOREA GLESS 13 MIO UNDISCLOSED (Via Auction) EPSON TRADER II 82123 2009 JAPAN GLESS 12.3 MIO GREEK CATHRIN OLDENDORFF 93246 2011 CHINA GLESS 12.5 MIO ULTRAPETROL N ODESSA 114536 2012 CHINA GLESS 13 MIO GREEK N BUCHANAN 114688 2011 CHINA GLESS 13 MIO GREEK BULK PROSPERITY 172589 2001 JAPAN GLESS 8 MIO SHINYO N FOS 179147 2010 KOREA GLESS 21 MIO GREEK
DONG-A ETHER 179213 2011 KOREA GLESS * ENBLOC BSS▼ DONG-A ETHER 179221 2010 KOREA GLESS 45.6 MIO WINNING (Ttl Price)
FH ZHOUSHAN 180000 2017 CHINA GLESS 28.9 MIO OLDENDORFF CAPE RICH 180133 2011 CHINA GLESS 17.5 MIO WINNING PLEIADES DREAM 180140 2009 JAPAN GLESS 18.5 MIO GREEK
MORITZ OLDENDORFF 199989 2013 CHINA GLESS * ENBLOC BSS▼ VALLEY STAR 205123 2013 CHINA GLESS * ENBLOC BSS▼ WISH STAR 205797 2015 CHINA GLESS * ENBLOC BSS▼ SUPER STAR 205855 2014 CHINA GLESS 115.5 MIO HUNTER (Ttl Price)
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
8
CONTAINER SALES
NAME DWT BLT GEAR TEU PRICE $ BUYER
CANOPUS 9193 2004 GERMANY GLESS 750 2.8 MIO GERMAN CONTSHIP RAY 13760 2008 CHINA CR 2X45 1118 5 MIO UNDISCLOSED PERLA 13908 2007 CHINA GLESS 1115 4.5 MIO KOREA LINE
WEHR WARNOW 33691 2002 GERMANY CR 3X45 2524 3.9 MIO ENBLOC BSS▼ WEHR TRAVE 33795 2002 GERMANY CR 3X45 2524 3.8 MIO ISTC (Price each)
HAMMONIA PESCARA 50849 2009 KOREA GLESS 4253 6.3 MIO KOREA LINE
NORTHERN GENIUS 53874 2008 KOREA GLESS 4294 6.5 MIO ENBLOC BSS▼ NORTHERN GLEAM 53874 2008 KOREA GLESS 4294 6.5 MIO CHINESE (Price each)
DIGNITY 54254 2010 KOREA GLESS 4380 6.9 MIO CMB
MPP/TWEEN SALES
NAME DWT BLT GEAR TEU PRICE $ BUYER
HR MARGARETHA 17539 1999 NETHERLANDS CR 3X60 962 2 MIO ENBLOC BSS▼ HR MARION 17539 1999 NETHERLANDS CR 3X60 962 2 MIO UNDSCLSD (Price each)
RORO/PASS SALES
NAME GT BLT LMTRS/CARS PAX PRICE $ BUYER
REGULA 3774 1971 GERMANY 350/105 800 4 MIO ESTONIAN ALASTAIR 3633 1970 GERMANY 372/… 24 1.2 MIO GREEK SLOMAN PROVIDER 7260 2000 TURKEY 375/… 12 2 MIO GREEK
10450
7300
6450
02000400060008000
100001200014000160001800020000
Jan-16 Mar-16 May-16 Jul-16 Sep-16 Nov-16 Jan-17
$/D
ay
Spot Market - Bulkers CAPESIZE
PANAMAX
HANDYMAX
12600
8350
7250
4100
5100
6100
7100
8100
9100
10100
11100
12100
13100
Jan-16 Mar-16 May-16 Jul-16 Sep-16 Nov-16 Jan-17
$/D
ay
Period Market - Bulkers 1 Year T/C CAPE
PMAX
HANDYMAX
44
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
9
N E W B U I L D I N G M A R K E T A N D R E P O R T E D C O N T R A C T S
Ship Type 2017 2018 2019+ Total
Capesize 87 52 25 164
Panamax 152 32 5 189
Supra/Hmax 279 35 10 324
Handies 204 50 22 276
Total 722 169 62 953
Ship Type 2017 2018 2019+ Total
ULCC/VLCC 53 44 2 99
Suezmax 73 18 0 91
Aframax 83 46 4 133
Panamax 36 16 3 55
MR+Small 212 75 57 344
Total 457 199 66 722
Ship Type 2017 2018 2019+ Total
VLGC 31 6 8 45
LGC 0 0 0 0
MR 28 12 1 41
Handy 15 6 0 21
Small 5 2 0 7
Total 79 26 9 114
82
53.5
43.5
32.5
20
40
60
80
100
120
Jan-15 May-15 Sep-15 Jan-16 May-16 Sep-16 Jan-17
$m
Tanker Prices VLCC Suezmax
Aframax MR
1
5
3
42
24.5
22.3
19.5
10
15
20
25
30
35
40
45
50
55
60
Jan-15 May-15 Sep-15 Jan-16 May-16 Sep-16 Jan-17
$m
Bulker Prices Capesize Panamax
Handymax Handysize
5
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
10
398
79
8
235
47
0
208
80
3 0
100
200
300
400
500
2015 2016 Jan-17
No
. o
f V
es
se
ls
Newbuilding Sales Tankers >10,000 dwt
Bulkers >10,000 dwt
Containerships
58.1
19.4
8
35.6
22.2
1.6
0
10
20
30
40
50
60
70
Jan-17 2018 2019+
m. d
wt
Delivery Schedule Bulkers >10,000 dwt.
Tankers >10,000 dwt
30.5
14.3 15
4
12
0
5
10
15
20
25
30
35
January 2017
m.
dw
t
Tanker Newbuildings on Order VLCC Suezmax
Aframax Panamax
Products
40.6
15.5
19.6
9.9
0
5
10
15
20
25
30
35
40
45
January 2017
m. d
wt
Bulker Newbuildings on Order Capesize Panamax
Handymax Handysize
Newbuilding Historical Prices ($m)
Tankers Jan-17 2016 2015 2014 2013 2012 2011 2010 2008 2005 2000 1995 1990 1985
310,000 DWT1 82 84.5 93.7 97.3 93.8 93.2 98.9 104.8 150 120 76.5 85.3 87.4 2 38.2
170,000 DWT1 53.5 54.5 63 65.5 59.6 57.1 60.3 66.3 90 71.5 52.5 54 66.1 2 28.2
110,000 DWT1 43.5 44.5 52 53.6 52.2 48.5 52.2 56 74 58 41.5 43.3 53.2 2 18.1
47,000 DWT1 32.5 32.5 35.4 36.8 34.6 33.8 35.2 36.1 46.5 43 29.5 33.2 3 32.1 3 13.3
Bulkers
180,000 DWT1 42 42 46 54.2 53.6 45.7 48.4 57.2 87 58.5 40.5 42.3 60.2 29.3
73,000 DWT1 24.5 24.5 25.7 29 27.8 25.6 28.7 34.3 45.5 36 22.5 27.9 30 13.4
45,000 DWT 22.3 22.3 24.1 27.2 26.5 23.7 26.7 31.1 41 31 20.5 24.1 25.3 12.4
29,000 DWT 19.5 19.5 20.3 22.8 22.2 20.5 22.2 26.3 31 25.5 15 19.2 21.3 9.7 1 Before 2001 sizes to read 280,000 - 140,000 - 95,000 - 40,000 respectively for tankers and 150,000 - 69,000 for Bulkers 2 Single Hull 3 30,000
DWT (note: above is for vessels built Japan / Korea, you should also consider US$ / Yen / Won relation for the years mentioned)
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
11
The Shipbuilding Market TYPE DWT BUILDER DELIVERY PRICE $ OWNER NOTES
Accom. Unit 3200 Ulstein Ulsteinvik 2018 Acta Group
Bunkering 7500 Huangpu Wenchong 2018 Harley Marine
Bunkering 7500 Huangpu Wenchong 2018 Harley Marine
Chem & Oil 50000 Hyundai Mipo 2018 Sangji Shipping
Chem & Oil 51000 Minami Nippon 2019 Asahi Tanker Co.
Chem & Oil 19700 Jinhai Heavy Ind 2019 Wilmar International
Chem & Oil 19700 Jinhai Heavy Ind 2019 Wilmar International
Chem & Oil 19700 Jinhai Heavy Ind 2019 Wilmar International Option
Chem & Oil 19700 Jinhai Heavy Ind 2019 Wilmar International Option
Chem & Oil 19700 Jinhai Heavy Ind 2019 Wilmar International Option
Chem & Oil 19700 Jinhai Heavy Ind 2019 Wilmar International Option
Chem & Oil 51000 Minami Nippon 2019 Asahi Tanker Co.
Container 30000 Huangpu Wenchong 2018 Eimskip
Container 30000 Huangpu Wenchong 2018 Eimskip
Container 30000 Huangpu Wenchong 2019 Eimskip
Container 30000 Huangpu Wenchong 2019 Eimskip Option
Container 30000 Huangpu Wenchong 2019 Eimskip Option
Container 30000 Huangpu Wenchong 2019 Eimskip Option
Hydrographic 3357 Fr. Fassmer 2020 114.00 BSH Euro
L.N.G. 94600 Daewoo (DSME) 2020 Maran Gas Maritime Option
L.N.G. 94600 Daewoo (DSME) 2020 Maran Gas Maritime Option
L.P.G. 16000 Jiangnan SY Group 2019 Hyproc Shipping Co.
L.P.G. 16000 Jiangnan SY Group 2019 Hyproc Shipping Co. Option
LNG Bunker. 7500 Unknown S'pore 2018 Pavilion
LNG Bunker. 7500 Unknown S'pore 2018 Pavilion
LNG/Regas 80000 Daewoo (DSME) 2020 Maran Gas Maritime
LNG/Regas 92000 Hyundai HI (Ulsan) 2018 Hoegh LNG
LNG/Regas 92000 Samsung HI 2019 Hoegh LNG
LNG/Regas 92000 Samsung HI 2019 Hoegh LNG Option
LNG/Regas 92000 Samsung HI 2020 Hoegh LNG Option
LNG/Regas 92000 Samsung HI 2020 Hoegh LNG Option
Pass/Car F. 3100 Bonny Fair Hvy Ind 2019 Zhanjiang Shpg
Pass/Car F. 3100 Bonny Fair Hvy Ind 2019 Zhanjiang Shpg
Pass/Car F. Havyard Leirvik 2018 166.67 Fjord1 AS NKM
Pass/Car F. Havyard Leirvik 2018 166.67 Fjord1 AS NKM
Pass/Car F. Havyard Leirvik 2018 166.67 Fjord1 AS NKM
Pass/Car F. VARD Brevik 2018 300.00 Torghatten Nord AS NKM
Pass/Car F. VARD Brevik 2018 300.00 Torghatten Nord AS NKM
Products 114000 Daehan Shipbuilding 2018 Ship Finance Intl
Products 114000 Daehan Shipbuilding 2018 Ship Finance Intl
Products 114000 Daehan Shipbuilding 2018 Ship Finance Intl Option
Products 114000 Daehan Shipbuilding 2018 Ship Finance Intl Option
RoPax 6420 Amur Shipyard 2018 JSC STLC
RoPax 6420 Amur Shipyard 2018 JSC STLC
TSH Dredger 15000 Huangpu Wenchong 2019 Shenhua Huanghua
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
12
D E M O L I T I O N M A R K E T
Demolition Historical Data
330
180
230
280
330
380
430
480
530
580
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
USD
/to
n
Price Tankers* 2014 2015
2016 2017
*India month's end prices
315
180
230
280
330
380
430
480
530
580
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
USD
/to
n
Price Bulkers* 2014 2015
2016 2017
*India month's end prices
25.6
14.5
4.9 2.35
4.6 3.8
15.9 16.7 18.9
15.5 18
15.6
25
30.5
22.4
28.4 28.5 27
10 5.5 6.5 5
12
28.9 25.7
31.58
50.3
41.8
34.3 38.8
44.6
4
0
10
20
30
40
50
60
Mill
ion
dw
t
Total Demolition (Dwt)
* Bss reported sales
Demolition Prices Gen Cargo Tanker
India USD 315 /lt Ldt USD 330 /lt Ldt
Bangladesh USD 325 /lt Ldt USD 340 /lt Ldt
Pakistan USD 315 /lt Ldt USD 335 /lt Ldt
China USD 240 /lt Ldt USD 250 /lt Ldt
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
13
HISTORICAL DEMOLITION PRICES (*Indian Year’s End)
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 CURR.
TANK 136 174 135 174 262 362 302 405 507 287 338 485 482 405 435 425 300 300 330 BULK 143 170 135 181 267 381 332 392 472 268 328 437 456 375 410 400 285 280 315
India
TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS
BULK CHENAN 25554 1992 9300 310 Guaranteed green recycling
BULK ATOUT 72873 1994 10654 340 Sub-cont options. Incl 500T ROB
BULK ORE BRUCUTU 251191 1986 29122 296 Delivery India
CONT RT DAGR 20976 1998 7413 337
CONT ELENI I 22250 1996 7400 330 As is Yantian
CONT SONOMA 22384 1997 7430 341
CONT OEL DUBAI 34894 1997 11800 340
CONT AL ENTERPRISE 61441 2003 22444 336 As is Davao incl ROB for voy
CONT MSC EUGENIA 65535 1992 22078 325 Inward clearance Buyers' account
CONT ZIM SAVANNAH 66937 2004 20896 330 As is Singapore incl ROB for voy
CONT HS COLUMBIA 68100 2001 23312 330 As is Singapore incl ROB for voy
CONT HAMMONIA FRANCIA 73325 2004 23762 344
TANK PACIFIC STREAM 24728 1985 7711 540 Incl 1130T STST
TWEEN HAMRA 8729 2001 3290 295 Heavylift. As is Singapore
Bangladesh
TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS
BULK MERATUS SPIRIT 1 13226 1988 5337 285
BULK PIRI REIS 28515 1997 6295 273
BULK NATTY 159829 1997 21223 347 Incl 1200T ROB
BULK TANGO 160013 1997 21039 347 En bloc with Natty.
BULK EVA N 218283 1997 27547 320 As is Singapore incl ROB for voy.
BULK BING N 322941 1992 36027 320 As is Singapore incl 1000T ROB.
COMCO BERGE FJORD 310698 1987 46250 345
CONT CRESCO 22900 1996 7700 335
CONT KOTA WISATA 24155 1994 7005 322
CONT UTE OLTMANN 33964 1998 10561 305
CONT MARE BRITANNICUM 52181 2000 16175 325
CONT VENEZIA 68086 2001 23326 325
RORO STRAITS VOYAGER 13491 1987 10290 308 Car Carrier
TANK HUA MING 28809 1988 7221 300 TANK HUA SHENG 32325 1987 10268 300
0
100
200
300
400
500
600
USD
/to
n
Historical Demolition Prices (India Year's End)
TANKERS
BULKERS
Avg. Trend
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
14
China
TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS
CONT SEA-LAND INTREPID 59840 1997 18895 235 Guaranteed green recycling
Pakistan
TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS
BULK EASTGATE S 27877 1990 6058 310 BULK CORNAVIN 169963 1999 20535 344 Full sub-cont options
Turkey
TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS
N/A N/A N/A
Other
TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS
BULK LONG FU STAR 171039 1996 19992 329 Option Bangladesh/Pakistan
CONT BALTRUM TRADER 34017 1999 10555 327 As is Singapore incl 300T ROB
CONT OEL KHALEEJ EXPRESS 59840 1995 18895 327 As is Fujairah incl ROB for voy
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
15
H I S T O R I C A L B U N K E R P R I C E S
HISTORICAL BUNKER PRICES
Rotterdam Fujeirah Houston
380 cst MGO 380 cst MGO 380 cst MGO
1993 67 150.5 70 202.5 71.1 160.6
1994 86 133.2 80.9 182.6 80.8 148.8
1995 97 140.6 94.6 175.8 93.2 148
1996 107 175.1 104.4 207.5 105.8 186
1997 92 155.4 99.3 205.6 97.3 179.9
1998 66.5 112.2 69.2 152.2 67.2 136.9
1999 94 133 98.5 157.2 93.3 143.9
2000 139 231.6 155.3 263.5 136 255.7
2001 116 192.4 129.7 244.7 112.8 227.5
2002 135 188.2 145.9 222.8 134 196
2003 151 230.4 166.3 265.2 160.2 265.1
2004 154 313.4 176.7 359.3 167.3 328.7
2005 236 458.4 256.6 500.1 248.3 508.5
2006 195 524.1 310.9 631.8 303 562.3
2007 347 571.3 373.7 664.7 351.8 608.6
2008 469 850.7 509.4 1037.7 496.8 933.2
2009 355 490.6 372.8 657 360.7 525
2010 452 667.1 468.2 712.9 449.3 683
2011 548 848.6 587.5 897.5 542.1 862.4
2012 585 920 606 1005 610 1005
2013 585 920 620 1010 580 985
2014 310 570 350 880 315 695
2015 140 311 170 560 140 360
2016 307 472 340 546 310 525
Jan-17 297 474 319 555 292 515
0
100
200
300
400
500
600
700
800
USD
/to
n
Bunkers Cost (380 cst)
Rotterdam
Fujeirah
Houston
Average Trend
0
200
400
600
800
1000
1200
USD
/to
n
Bunkers Cost (MGO)
Rotterdam
Fujeirah
Houston
Average Trend
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
16
M A R K E T I N D I C A T O R S
GBP CAD EUR JPY CHF USD
AUD
GBP 1 0.61098 0.85762 0.00705 0.80469 0.79919 0.6047
CAD 1.63615 1 1.40338 0.01153 1.31677 1.30782 0.98955
EUR 1.16576 0.71235 1 0.00822 0.93823 0.93178 0.70506
JPY 141.83 86.67 121.66 1 114.15 113.37 85.78
CHF 1.24231 0.75914 1.06561 0.00876 1 0.99298 0.75133
USD 1.25105 0.7645 1.07307 0.00882 1.00685 1 0.75664
AUD 1.65312 1.0102 1.41799 0.01165 1.33043 1.32139 1 * 01/02/2017 values
60
70
80
90
100
110
120
130
0.40
0.60
0.80
1.00
1.20
1.40
1.60
1.80
USD
-JP
Y
USD
-EU
R
Currencies USD-EUR
USD-JPY
0.00
20.00
40.00
60.00
80.00
100.00
120.00
140.00
160.00
$/B
arre
l
Brent Oil
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
17
S T O C K W A T C H
NAME TICKER THIS MONTH* LAST MONTH CHANGE % 52w HIGH 52w LOW
Capital Product Partners CPLP 3.69 3.20 15.3 4.76 2.41
Diana Shipping Inc. DSX 4.14 3.08 34.4 4.97 1.95
Dryships Inc. DRYS 5.05 3.75 34.7 2227.20 1.97
Dynagas LNG Partners LP DLNG 16.42 15.84 3.7 17.60 7.06
Eagle Bulk Shipping Inc. EGLE 6.29 5.87 7.2 70.00 4.06
Euroseas Ltd. ESEA 1.77 1.84 -3.8 8.07 1.04
Freeseas Inc. FREE 0.00 0.00 0 528.00 0.00
Costamare Inc. CMRE 5.31 5.61 -5.3 11.00 5.07
Navios Maritime Holdings NM 1.96 1.40 40 2.40 0.57
GasLog Ltd. GLOG 16.70 16.30 2.5 17.85 6.03
Paragon Shipping Inc. PRGN 0.11 0.11 0 4.66 0.08
Safe Bulkers Inc. SB 1.50 1.15 30.4 2.38 0.36
Star Bulk Carriers Corp. SBLK 8.69 5.09 70.7 9.50 1.95
Stealthgas Inc. GASS 3.89 3.50 11.1 5.18 2.45
TEN Inc. TNP 4.73 4.68 1.1 6.79 3.92
TOP Ships Inc. TOPS 2.21 2.32 -4.7 8.40 1.45
Box Ships Inc. TEUFD 0.36 0.01 2933.6 10.00 0.25
Diana Containerships Inc. DCIX 3.05 2.91 4.8 26.17 2.00
Danaos Corporation DAC 2.55 2.70 -5.6 5.49 2.15
Aegean Marine Petroleum ANW 11.05 10.10 9.4 13.10 5.00 31/01/2017 closing values
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Disclaimer: Information and data that appear in this report have been obtained from various sources which are believed to be correct and reliable. However, Athenian Shipbrokers S.A. does not guarantee their accuracy or completeness and therefore cannot be held liable for any loss incurred as a result of reliance in any way whatsoever on the information contained herein. Kind Regards,
ATHENIAN SHIPBROKERS S.A.