Newbuilding Market Picks Up Pace
In a separate weekly note, shipbroker Banchero Costa said that “in the dry bulk segment, Ukrainian owner Ocean Agencies placed an order for 2 x Crown 63,000 dwt units at New Dayang with delivery 2022 (vessels to be Tier II) at $23.5 mln. In Japan, Fukuoka shipyard received two orders from Fairfield Chemical Carriers for stainless steel chemical carriers: the first was an order for 4 x 19,000 dwt units with delivery during 2nd half 2021-1st half of 2022 and the second one for 2 x 25,000 dwt units with delivery during 2022. Were rumoured respectively prices around $42 mln for 25,000 dwt units and around $33 mln for 19,000 dwt units. In South Korea Bahri placed an impressive order at Hyundai Mipo for 6 straight + 4 optional IMO 2 MR tankers (20 cargo tanks) delivery staring from Q1 2020. Vessel to be priced at $41 mln each”, the shipbroker said.
Meanwhile, in the S&P market this week, Banchero Costa noted that “the tanker segment kept showing a depressed tone in term of sales, while in the dry bulk segment a decent number of sales was recorded, as Japanese sales entered the market. Lowlands Erica 176,000 dwt built in 2007 at Namura BWTS fitted was reported sold between $14.5/15 mln to undisclosed buyers. The Western Monaco 81,000 dwt built in 2016 at Jiangsu with SS/DD due in February 2021 was reported sold for $18.8 mln. In the Supramax segment, Fukuyama Star 64,000 dwt built in 2017 at Tsuneishi Cebu was sold at $21 mln to undisclosed buyers. Few Handysize units were reported sold, majority Japanese built: Ikan Jubal 33,000 dwt built in 2012 at Kanda was sold to clients of Erasmus basis BBHP structure with SS/DD due March 2022 and Moonlight Serenade 31,000 dwt built in 2008 at Saiki (with SS/DD passed and BWTS fitted) was reported sold to undisclosed Buyers at $7.8 mln. In the tanker segment, Stolt Nielsen was back the acquisition of 5 x 25,000 dwt Chemical Tankers all built between 2016/2017 at AVIC Dingheng for a price of $137.5 mln en bloc”, Banchero Costa concluded.
Allied added that “on the dry bulk side, a strong push in total volumes was noted as of the past couple of weeks or so. The general upward trend in realized returns for over a 3-month period now, as well as, the overall better sentiment, have helped to restore (partially at least) a balance of sorts in terms of activity noted. At this point, we see activity varying across different size segments and age groups, indicating a rather robust buying appetite for dry bulk units. However, given the fragile state since the start of the Covid-19 pandemic, we can expect asymmetries in both price levels and volume of transactions to hold. On the tankers side, it was an interesting period for the SnP market, with a fair number of units changing hands. Given the uninspiring trends noted in freight returns for a while now, the SnP market has been struggling to sustain a more stable path. For the time being, we see focus being concentrated in the medium to smaller size units of different age groups”, the shipbroker concluded.
Nikos Roussanoglou, Hellenic Shipping News Worldwide