Fearnleys Weekly newbuilding report said that in total 31 ships were ordered last week. Navig8, who recently made contracts for potentially up to 20 wide beam LR1 type product carriers, have added another six VLCCs to their orderbook. A Suezmax order surfaced as CM Lemos went to Hyundai Heavy for two plus two optional two 160,000 dwt. Turning to bulkers, Cosco placed orders domestically for a total of four Capesizes and four handysizes, and the ultramax orderlist increased further by six firm units. The newbuilding activity for smaller size container ships has remained dormant for quite some time; therefore interesting to note Reederei Nord’s activity in China for 2500 and 1700 teu sizes. ACTIVITY LEVEL | Tankers | Dry Bulkers | Others | Firm | Firm | Moderate |
Average Far Eastern Prices PRICES
PRICES (mill usd) | This
week | Last
week | Low
2014 | High
2014 | VLCC | 300′dwt | USD 102.0 m | USD 100.0 m | 96.0 | 102.0 | Suezmax | 150′dwt | USD 68.0 m | USD 67.0 m | 64.0 | 68.0 | Aframax | 110′dwt | USD 54.0 m | USD 54.0 m | 52.0 | 54.0 | Product | 50′dwt | USD 37.5 m | USD 37.5 m | 36.0 | 37.5 | Capesize | 180′dwt | USD 56.0 m | USD 56.0 m | 55.0 | 56.0 | Panamax | 82′dwt | USD 31.5 m | USD 31.5 m | 30.0 | 31.5 | Handymax | 64′dwt | USD 28.0 m | USD 28.0 m | 28.0 | 28.0 | Prices are based on payment terms 40/60 |
NEWBUILDING CONTRACTS Type | No | Size | Yard | Owner | Del | Mill$ | Comm | | MT | 2 | 300000 dwt | HHI | Navig8 | 2016 | | | MT | 2 | 300000 dwt | SWS | Navig8 | 2016 | | | MT | 2 | 300000 dwt | Hanjin-Subic | Navig8 | 2016 | | | MT | 2+2 | 160000 dwt | HSHI | CM Lemos | 2016 | | | LPG | 2 | 38000 cbm | H.Mipo | Eastern Pacific | 2016 | | | BC | 4 | 180000 dwt | Xingang | Cosco | 2016 | | | BC | 2 | 64000 dwt | Jinling | Densay | 2016/17 | | | BC | 4 | 63800 dwt | Hantong | Conti | 2015/16 | | opt.decl. | BC | 4 | 40000 dwt | Xingang | Cosco | 2015/16 | | | CO | 3 | 2500 teu | Huangpu Wenchong | Nord | 2016 | | | CO | 4 | 1730 teu | Ouhua | Nord | 2015/16 |
Fearnleys, March 27, 2014; Image: Wikimedia
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