45 Vessels Traded in Shipping Market

Hopp Market Report Weekly Newsletter focused on Sale & Purchase, New Building, Time Charter and Demolition markets.

News ID: 78731

Date: 10 March 2018 - 13:48

Sale & Purchase

In dry market, New Dalian | 180k/2010 was sold to undisclosed buyer for USD 24m. A Chinese buyer was linked to purchase of bulker fleet from Rewood Ocean Shipping, which includes a cape and 10 k’max. The enbloc deal was reported at USD 185m. New Yangtze Navigation was reported as buyer of Agenor | 82k/2016 for USD 13.7m. Zhejiang Hongxin Shipping purchased Archon | 82k/2018 for USD 13.1m. Greek buyer was linked to purchase of Sea Ace | 81k/2012 for USD 18.4m. Eleftheria | 76k/2001 was sold to Chinese buyer for USD 9.4m. Taiwanese buyer Eddie Steamship was linked to purchase of Jiangsu Hongqiang HQ109 | 64k/2018 for USD 23.3m. BW Durum | 61k/2016 was sold to Navigare Capital Partners for USD 25m. In yet another enbloc deal, Ocean Yield purchased 5 modern h’max bulkers for USD 75m (inc. 12-year BBB). In tanker market, VLCC Mistral | 306k/2000 was reported sold to an undisclosed buyer for USD 20.5m. In containership market, Frisia Bruessel | 3,414 TEU/2010 & Centaurus | 3,414 TEU/2010 were sold to MPC Container Ships for USD 12.3m/ship. Valerie Schulte | 2,824 TEU/2005 was sold to UK based Global Ship Lease for USD 11.3m. Chinese buyer was linked to purchase of Heung-A Asia | 1,032 TEU/1998 for USD 3.7m.

New Building

In the new building market, Norway based Apollo ordered 3 units of 318k dwt tankers (scrubber fitted) at DSME, S. Korea for USD 86.5m per ship with delivery expected in 2020. China Development Bank Leasing ordered 5 units of 208k dwt bulkers at YZJ, China for USD 47m per ship, with delivery expected in 2019-2020. Ocean. Longevity ordered 2 units of 82k dwt bulkers at Yangzijiang, China for USD 25m per ship, with delivery expected in 2019. Cardiff ordered 1+1 units of 174k cbm LNGC at Samsung HI, S. Korea for USD 184m per ship, with delivery expected in 2020. Pantheon Tankers ordered 2 units of 170k cbm LNGC at DSME, S. Korea for USD 182m per ship, with delivery expected in 2020. Nanjing Yangyang ordered 6,500 cbm gas carrier at CSC Jinling, China for USD 31m, with delivery expected in 2020.

Time Charter

In tanker market, LR3 SKS Sinni | 159k/2003 was fixed to Trafigura for 6 months at USD 14,500 pdpr. In dry market, Seafighter | 181k/2015 was fixed to JERA for 12 months at USD 23,000 pdpr. LDA took Cape Providence | 179k/2009 for 12 months at USD 20,000 pdpr. DHL took Big Fish | 177k/2004 for 12 months at USD 20,500 pdpr. Cargill took Delos | 176k/2012 for 12 months at USD 18,500 pdpr. Taho Asia | 83k/2018 was fixed to Cargill for 6 months at USD 16,000 pdpr. Roberta | 63k/2015 was fixed to Norden for 6 months at USD 14,250 pdpr.

Demolition

In the demolition market, tanker Pacific Sunrise | 16,761 LDT/1998 was sold for USD 490/LDT LT with delivery to Indian Subcontinent. Bulker Balkar Trust | 9,664 LDT/1997 was sold to Pakistani Breakers for USD 459/LDT LT. General Cargo Esi Anax | 4,473 LDT/2001 was sold for USD 457/LDT LT with delivery to Indian Subcontinent. Containership Sinokor Incheon | 2,560 LDT/1987 was sold for USD 462/LDT LT with delivery to Indian Subcontinent.