Sale & Purchase Market is Set to Boom

Hopp Market Weekly Newsletter observed trade market meticulously

News ID: 78316

Date: 27 January 2018 - 14:56

Sale & Purchase

In dry market, Key Spring | 80k/2012 was sold to Greek buyer for USD 22.5m. Saiki 710 | 60k/2018 was sold to Kasuga Kaiun for USD 25.5m. DN Millet | 58k/2011 was sold to Greek buyer for USD 14.9m. Chinese buyer took Sea Dias | 57k/2010 & Sea Athena | 57k/2010 for USD 11.2m/ship on enbloc basis. Load Line Marine was reported as buyer for Tasman Castle | 56k/2011 for USD 11.7m. Ocean Pearl | 55k/2004 was sold to undisclosed buyer for USD 10.3m. Ho Fong | 46k/2001 was sold to Chinese buyer for USD 7.6m. In tanker market, Ridgebury Alice M | 104k/2003 was sold to Greek buyer for USD 11m. Team Oslo | 13k/2008 was sold to Winson Oil for USD 8.8m. In containership market, Haian Fair | 1,688 TEU/2007 was sold to an undisclosed buyer for USD 8.5m. Portline was reported as buyer for Windhoek | 1,577 TEU/2009 for USD 10.5m.

New Building

In the new building market, DSD Shipping ordered 50k dwt tanker at Hyundai Vinashin, Vietnam for USD 32m, with delivery expected in 2019-2020. Odfjell ordered 2 units of 36k dwt tanker at Fukuoka, Japan with delivery expected in 2019-2020. China Ore Shipping ordered 4 units of 325k VLOC at Tianjin Xingang, China for USD 75m per ship, with delivery expected in 2020. China Steel Express ordered 2 units of 208k dwt bulkers at CSBC, Taiwan for USD 46.5m per ship, with delivery expected in 2019. Fredriksen Group ordered 2+2 units of 82k dwt bulkers at Shanghai Guan, China for USD 24-25m per ship, with delivery expected in 2019. Nisshin Shipping ordered 10 units of 63k dwt bulkers at Nantong Xiangyu, China for USD 24.5m per ship, with delivery expected in 2020-2021. COSCO Shipping ordered 2 units of PCC (2,200 CEU) at Wuchang SB, China, with delivery expected in 2020.

Time Charter

In tanker market, Polar Cod | 74k/2007 was fixed to Koch for 6 months at USD 13,500 pdpr. Stena Bulk took 3 x MR tankers (Stenaweco Marjorie K | 49k/2013, Stenaweco Julia L | 49k/2013 & Stenaweco Gladys W | 49k/2013) @ 12 months/14,750 pdpr. In dry market, Great Song | 180k/2011 was fixed to Cargill for 12 months at USD 17,400 pdpr. Simon LD | 179k/2014 was fixed to LD Bulk for 12 months at USD 19,850 pdpr. Rio Tinto took Buccleuch | 179k/2016 for 12 months at USD 20,000 pdpr. Phaeton Shipping took Alpha Faith | 178k/2008 for 12months at USD 18,500 pdpr. Shinyo Diligence | 177k/2006 was fixed to Oldendorff for 12 months at USD 14,000 pdpr. Aquabreeze | 171k/2003 was fixed to Rio Tinto for 12 months at USD 16,750 pdpr. Phaidra | 87k/2013 was fixed to Uniper for 12 months at USD 12,700 pdpr. MBA Future | 82k/2009 was fixed to BG Group for 6 months at USD 12,250 pdpr. ADMI took RB Ariana | 81k/2017 for 12 months at USD 13,500 pdpr. Panstar | 76k/2005 was fixed to Panoceanic Bulk Carriers for 6 months at USD 12,250 pdpr.

Demolition

In the demolition market, VLCC tanker Plata Sunrise | 42,048 LDT/1999 was sold to Indian Breakers for USD 447/LDT LT. Cape bulker Innovator | 17,109 LDT/1993 was sold to Pakistani Breakers for USD 490/LDT LT. Handymax bulker Vadibel | 7,618 LDT/1984 was sold as is Qatar for USD 442/LDT LT.