Vessels Value:

Monthly Market Review

Vessels Value published a monthly market review with the focus on value analysis, total second hand S&P activity, newbuilding activity, demolition activity and charter rate analysis.

News ID: 72261

Date: 12 February 2017 - 10:32

According to MANA, Bulker values have been variable this month. Capesize and Panamax values have firmed for modern tonnage. Both Supramax and Handysize values have softened across all ages, throughout January.

Capesize

• Values have firmed for modern tonnage.

• 10 sales have been concluded this month.

Panamax

• Values have firmed across all ages.

• 15 sales have taken place this month.

Supramax

• Values have softened throughout the month.

• 12 sales have taken place this month.

Handy

• Values have softened for modern tonnage and firmed for older.

• 19 sales have taken place this month.

All Tanker values have softened throughout January with the exception of LR1 Tankers which have firmed for older tonnage.

VLCC Values have remained relatively stable this month. 5 sales have occurred this month.

Suezmax Values have softened throughout the month. 4 sales have taken place this month.

Aframax Values have softened throughout the month. 7 sales have occurred this month.

LR1

• Values have firmed for older tonnage.

MR2

• 2 sales have taken place this month.

Values have fluctuated throughout the month. Post Panamax and Panamax values have firmed for older tonnage whilst Handy and Feedermax values have softened for older tonnage.

Post PMax

• Values have softened for newer tonnage and firmed for older.

• No sales have occurred this month.

• Rates have fallen while scrapping levels have increased.

Panamax

• 2 sales have taken place this month.

Handy

• Values have firmed for modern tonnage and softened for older.

• 3 Sub Panamax vessels have been sold.

Feedermax

• There has been 1 sale this month.

LPG values have softened for larger tonnage and firmed for smaller tonnage.

VLGC

• Values have softened for older tonnage.

• 1 sale has taken place this month with an undisclosed price

SPFR

• Values have firmed for modern tonnage over January 2017.

• No sales have been concluded this month.

OSV Values have firmed slightly this month due to the rallying of the price of oil alongside several market transactions.

PSV

• Values for large PSV have firmed throughout the month, whilst small PSV values have softened.

AHTS

& AHT

• Values have remained stable throughout January.

TOTAL 2ND HAND S&P ACTIVITY JANUARY 2017

Total value of 2nd hand sales in January 2017 vs January 2016

• Total activity by transaction value is up by 3% in January 2017 compared to January 2016.

• Tanker transaction values have doubled for January 2017 compared January 2016.

• There have been no disclosed prices for Gas sales.

Total number of 2nd hand sales taken place in January 2017 vs January 2016

• Total sales by number count are down 4% for January 2017 compared to January 2016.

• Both Bulker and Tanker sales by count are down for January 2017 compared to 2016.

• There have been 13 OSV sales this month however only 6 sale prices have been disclosed.

NEWBUILDING ACTIVITY JANUARY 2017 VS 2016

Total number of newbuilding orders are down 83% in January 2017 compared to January 2016

• Tanker newbuilding orders are down 82% from January 2016.

• 3 Sub Panamax Containers (2,150 TEU) were ordered in January 2017 with delivery 2019.

• Bulker and OSV vessels had no newbuilding orders in January 2017.

DEMOLITION ACTIVITY JANUARY 2017 VS 2016

Total demolition sales for all ship types are down 36% for January 2017 compared to January 2016

• Containers have seen a 178% increase in demolition numbers for January 2017 compared to January 2016.

• Bulker demolition sales are down by 70% compared to January last year.

CHARTER RATES

Dry

• Capesize rates have been highly volatile over January 2017, a considerable drop in rates was seen mid January.

• Panamax rates have also been volatile with a firming in rates occurring mid month.

• Supramax and Handysize Bulker values have softened consistently throughout the month.

Wet

• Tanker rates have been volatile over January 2017.

• VLCC rates have softened throughout January 2017.

• Suezmax rates have softened consistently throughout January 2017.

• Aframax rates have continued to soften throughout January 2017.