Ship Owners Turn to Second Hand Bulkers, Instead of Newbuildings
In a separate note, Banchero Costa added that “Everest Venture Capital China placed a Newbuilding order for 7 x 300,000 dwt VLCC units at Hyundai Heavy (South Korea) for dely from 2nd half 2022 until August 2023; furthermore, they placed orders for 3 x 300,000 dwt units at Samho Heavy (South Korea) for dely from 2nd half 2022 until August 2023 at a level of $85 mln per unit: all vessels will be scrubber fitted and built to high specifications. Latsco Shipping ordered 2 x 300,000 dwt VLCC scrubber fitted units at Hyundai Heavy for dely 6- 9/2022 at $89.3 mln per unit. Centrofin Greece placed an order at Samsung for 3 + 2 157,000 dwt Suezmax units (scrubber fitted) for dely within 4Q 2022 and 1Q 2023 at level of $58.2 mln per unit”.
Meanwhile, in the S&P market, Allied Shipbroking said that “on the dry bulk side, a very strong week was noted in terms of activity, despite the slight slowdown seen just the week prior. The good momentum and buying appetite now seems “abundant” in the SnP market for the time being, especially when given the slight support coming from the side of earnings. Interest for dry units lacks any given direction, given the considerable number of units changing hands across all different size segments and age groups. All-in-all, as we are just few weeks away from the year’s close, we can expect this robust volume to be sustained in the near term. On the tankers side, a good flow of transactions was due the past week. This can be seen as a mere reflection of a very firm MR market, with buying appetite seemingly ample at this point. Bigger size segments have witnessed a rather sluggish mood, relatively attuned with the uninspiring freight market. Given the current state of play, these trends look likely to follow us through till the year’s close”.
In a separate note, Banchero Costa added that “3 x Japanese controlled Kamsarmaxes were inviting for offers: Leda 82,000 dwt built in 2013 at Tsuneishi (SS/DD due 2023/2021), Cetus Ocean 82,000 dwt built in 2013 at Sanoyas (BWTS fitted) and Key Evolution 83,000 dwt built in 2010 at Sanoyas. Client of Newport were behind purchase of Bacco 82,000 dwt built in 2011 at Tsuneishi (BWTS fitted) sold at $15.4 mln. Scorpio sold 4 x Kamsarmaxes: SBI Jive, SBI Swing, Sbi Mazurka 81,000 dwt built in 2017 at Shanghai Shipyard and Sbi Reggae 81,000 dwt built in 2016 at Hudong to client of Centrofin at $81 mln en bloc: all vessels were BWTS fitted and first three scrubber fitted. In the Supramax segment, there was a strong appetite from Chinese buyers. After offers were invited, Asia Emerald I 58,000 dwt built in 2011 at Dayang & IV 58,000 dwt built in 2012 at Dayang (Crown design tier II) are now sold en bloc at $18.2 mln to Chinese buyers. Greek controlled Kavo Platanos 57,000 dwt built in 2011 at Jingling was purchased by Chinese interest at $9.4 mln. Niton Cobalt 52,000 dwt built in 2004 at Tsuneishi was sold at $5.5 mln, last week we reported sale of V Petrel 52,000 dwt built in 2004 at Oshima (BWTS fitted) at $6.3 mln. Offers were invited to the Handysize bc Asia Pearl V 35,000 dwt built in 2010 at Nantong: vessel is now committed at $5.2 mln to Chinese buyers. One month ago, always from German 2 x Great Eastern controlled Suezmaxes Jag Laadki’ 150,000 dwt built in 2000 at Nippon Kokan (SS/DD passed) & ‘Lag Lateef’ 147,000 dwt built in 2000 at Samsung (DD 8/2021, SS 8/2023) were sold at $12.4 mln each en bloc. Sri Vishnu 152,000 dwt built in 2000 at Hyundai was sold at $11.5 mln basis DD due”, the shipbroker concluded.
Nikos Roussanoglou, Hellenic Shipping News Worldwide