Newbuilding Orders on the Rise, But S&P Deals Scarce
In a separate note this week, Banchero Costa said that “OOCL went for 5 x 23,000 teu to be built at Nacks and Cosco Dalian. No price emerged yet whilst deliveries are set into 2023. Hapag Lloyd was out with a tender for 6 x 23,000 teu and the best placed yards looked to be HudongZhongua and Jiangnan which were supported by CSC Leasing who will act providing an attractive financing package. Competing on the project were also Korean and Japanese yards. There was an interesting activity in the tanker market, driven by the spike in charter rates and still tail of older newbuilding contracts with competitively priced options attached. Bocom Financial Leasing together with Shell was building up a major project for 12 x 120,000 dwt LR2 to be built at GSI and SWS under a 15 yrs chartering contract. Price was reported to be around $ 54 mln (option to build with LNG propulsion, at additional cost). In the larger VLCC segment, Dynacom placed an order for 2 units at price of $ 83 mln each at Dalian which sensibly softer when compared to other VLCC orders placed recently”.
Meanwhile, in the S&P Market, Intermodal added that “the explosive spread of coronavirus in a number of countries and the consequent panic selling in markets around the world seems to have pushed more Buyers to the sidelines last week, with fewer sales concluding in both the dry bulk and tanker sectors. In the tanker sector we had the sale of the “AQUABLISS” (112,930dwt-blt ‘19, S. Korea), which was sold to Norwegian owner, Viken Shipping, for a price in the region of $56.0m. On the dry bulker side sector we had the sale of the “OCEAN PRIDE” (72,416dwt-blt ‘97, Japan), which was sold to Chinese buyers, for a price in the region of $4.4m”.
Similarly, Banchero Costa noted a “very low activity in the S&P market, especially in the wet segment where the only sale that took place was the one of the ‘Sea Faith’ 46,000 dwt built in 2003 by Hanjin Busan which went to undisclosed buyers for $11.2 mln. In the dry segment, the Capesize ‘Great Challenger’ 176,000 dwt built in 2005 at Universal changed hands for $14 mln and the buyers remained undisclosed. Chinese buyers were reported as the buyers of the ‘Ocean Pride’ 72,000 dwt built in 1997 by Sasebo for $4.5 mln with dry dock due this June. The modern Ultramax ‘African Bari Bird’ 63,000 dwt built in 2017 at Imabari was sold to undisclosed buyers for $24.5 mln. The Japanese Supramax ‘Bridgegate’ 53,000 dwt built in 2010 by Imabari was sold to undisclosed buyers for $10 mln, the price seemed low if compared to the sale of the 3 years older ‘Torenia’ which was sold at $9.7mln. Again, undisclosed buyers behind the sale of the ‘Umm Ad Dalkh’ and ‘Shah’ 36,000 dwt built in 2011- 2010 by Hyundai Mipo which were sold en bloc for high $8 mln each”, the shipbroker concluded.
Nikos Roussanoglou, Hellenic Shipping News Worldwide