Newbuilding: 2022 Starts With a Bang
Banhcero Costa added in a separate note that in drybulk, “Bocimar, Belgium have placed an order with Qingdao Beihai for 2 x 210,000 dwt bulkers for delivery 2024. Price remains undisclosed. Wisdom Marine, Taiwan has agreed for a single order of 40,000 dwt bulker with Hakodate for delivery 2024 as well, price not reported”. In the gas segment, “several VLOG newbuilding orders have been placed across the New Year’s Eve by Mitsui OSK, Maran Gas and SK Shipping; LNG 3+3x 174,000 cbm at Hudong-Zhonghua, China delivery between 2024/2025 (GTT NO96 Super+ containment) – $196 mln each (Mitsui OSK with long term charter to CNOOC). LNG 2x 174,000 cbm at Daewoo, Korea delivery mid 2025 (Me-Gi engine) – $210 mln each (Maran Gas, options declared).
LNG 1x 174,000 cbm at Hyundai Samho for delivery in 09/2024 at a cost of $217.9 million (SK Shipping)”. Finally, in the container market, “Capital Maritime & Trading have inked for three more 1,800 teu (gearless, LNG-ready) container vessels with Korea Shipbuilding & Offshore Engineering (KSOE) at around $32 mln each. Deliveries begin in 2023. The total numbers of ships on order are 9 now”.
Meanwhile, in the S&P market, Allied noted that “on the dry bulk side, a modest start took place in the SnP market, given the fair number of units changing hands during the first few days of the year. We already see that buying appetite is firm, while being relatively fairly distributed across the different size segments and age groups. Given that we are only at onset of the year, a lot will depend on how things develop from the side of earnings in the near term. To be more precise, as to whether we are about to witness a continuation of the robust momentum, similar to that took place during the previous year or so, or if things are on the verge of a shift. On the tanker side, it was a relatively strong start in terms of activity taking place. We have repeatedly mentioned that given the current freight market regime, we can hardly expect any sort of balance in the SnP market as well for the near term (at least). However, given the recent trend noted, we may well being amidst a more sustainable path with an improvement to be noted during the course of the year”.
Banchero Costa added that “the interest stayed high despite the end of the year with bulkers in the headlines. The most interesting sales have been Kamsarmax ‘Scarlett Albatross’ abt 82,000 dwt 2015 Tsuneishi has achieved $31.5 mln from Greek buyers. Panamax ‘SCORPIO’ abt 75000 dwt 2012 Sasebo has achieved $23.55 mln from Castor Maritime, delivery with DD freshly passed and BWTS fitted. Ultramax ‘IKAN SENYUR’ abt 61500 dwt 2010 Shin Kasado has been bought by Vietnamese buyers for $22 mln (BWTS fitted). Supramax ‘TANIKAZE’ abt 56000 dwt 2013 Minaminippon has been sold to undisclosed buyers for $23 mln.
In the tanker market, “the markets remain weak, but optimism for a new cycle, possibly beginning this New Year, is driving demand, with several interesting deals registered in the last two weeks. Among those was a block of two LR2 ‘PROSTAR’ and ‘PROSKY’ abt 115640 dwt 2019 Daehan sold for 52 mln each with a TC attached (we understand 6+6 months) to Shell”, the shipbroker concluded
Nikos Roussanoglou, Hellenic Shipping News Worldwide