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ATHENIAN SHIPBROKERS S.A. 107-109, Vas. Pavlou Str., GR 166 73, Voula, Athens, Greece Tel: +30 210 9659700 - Fax: +30 210 8996040 Email S & P : [email protected] Email Chartering : [email protected] www.atheniansa.gr July 2020 MONTHLY REPORT Prior 2017 76-78k dwt 0 500 1000 1500 2000 2500 Jul-15 Sep-15 Nov-15 Jan-16 Mar-16 May-16 Jul-16 Sep-16 Nov-16 Jan-17 Mar-17 May-17 Jul-17 Sep-17 Nov-17 Jan-18 Mar-18 May-18 Jul-18 Sep-18 Nov-18 Jan-19 Mar-19 May-19 Jul-19 Sep-19 Nov-19 Jan-20 Mar-20 May-20 Jul-20 Baltic Dry Index PRICES TANKERS ($ MIO) * Prices reflect Year’s End 2014 2015 2016 2017 2018 2019 Jul-20 VLCC 5Y 77.1 80 60 64 63 75 67 VLCC 10Y 52.1 55 40 41 40 53 46 SUEZMAX 5Y 56.8 60 40 43 42 53 47 AFRAMAX 5Y 41.9 46 29 32 32 41 36 AFRAMAX 10Y 26.8 31 18 22 22 30 25 PANAMAX 5Y 33.4 35 28 28 28 30 30 47K 5Y 23.8 28.9 22 25 25 30 26.5 45K 10Y 15.2 19.6 15.5 17.5 17.5 19 18 45K 20Y 6.5 8.5 5.1 5.5 5 6 5 PRICES BULKERS ($ MIO) * Prices reflect Year’s End 2014 2015 2016 2017 2018 2019 Jul-20 CAPESIZE 5Y 39.5 25 24 33 33 37.5 35 CAPESIZE 10Y 27.8 13.6 15 20.5 23.5 22 20.5 CAPESIZE 15Y 16.3 8.5 8 13 14 13.5 12.5 CAPESIZE 20Y 9 6.6 6.4 8.3 9.5 7 6.3 KAMSARMAX 5Y 20.1 14 14 22.5 23.5 23.5 22.5 KAMSARMAX 10Y 14.6 8.5 8.5 14.5 14.5 13.5 13.5 PANAMAX 15Y 10 5 5.4 11 11 9.5 8.5 PANAMAX 20Y 5.4 3.6 3.6 6.5 6.5 6 5.3 SUPRAMAX 5Y 20.8 13.6 14 17.5 17.5 17 18.5 SUPRAMAX 10Y 13.8 8 9.5 13.5 14 12.5 10.5 HANDYMAX 15Y 9.1 4.5 5.8 9.5 10.5 5.5 5 HANDYMAX 20Y 6.2 3.5 2.8 6.5 6.5 4.5 3.8
Transcript
Page 1: MONTHLY REPORT Baltic Dry Index - bluVerve (Pty) Ltd€¦ · SECOND HAND TONNAGE MARKET *Excluding demolition sales Sale and Purchase Market Ship Type Feb-20 Mar-20 Apr-20 May-20

ATHENIAN SHIPBROKERS S.A. 107-109, Vas. Pavlou Str., GR 166 73, Voula, Athens, Greece

Tel: +30 210 9659700 - Fax: +30 210 8996040

Email S & P : [email protected]

Email Chartering : [email protected]

www.atheniansa.gr

July 2020

M O N T H L Y R E P O R T

♦Prior 2017 76-78k dwt

0

500

1000

1500

2000

2500

Jul-

15

Sep

-15

No

v-1

5

Jan

-16

Ma

r-1

6

Ma

y-1

6

Jul-

16

Sep

-16

No

v-1

6

Jan

-17

Ma

r-1

7

Ma

y-1

7

Jul-

17

Sep

-17

No

v-1

7

Jan

-18

Ma

r-1

8

Ma

y-1

8

Jul-

18

Sep

-18

No

v-1

8

Jan

-19

Ma

r-1

9

Ma

y-1

9

Jul-

19

Sep

-19

No

v-1

9

Jan

-20

Ma

r-2

0

Ma

y-2

0

Jul-

20

Baltic Dry Index

PRICES TANKERS ($ MIO)

* Prices reflect Year’s End 2014 2015 2016 2017 2018 2019 Jul-20

VLCC 5Y 77.1 80 60 64 63 75 67

VLCC 10Y 52.1 55 40 41 40 53 46

SUEZMAX 5Y 56.8 60 40 43 42 53 47

AFRAMAX 5Y 41.9 46 29 32 32 41 36

AFRAMAX 10Y 26.8 31 18 22 22 30 25

PANAMAX 5Y 33.4 35 28 28 28 30 30

47K 5Y 23.8 28.9 22 25 25 30 26.5

45K 10Y 15.2 19.6 15.5 17.5 17.5 19 18

45K 20Y 6.5 8.5 5.1 5.5 5 6 5

PRICES BULKERS ($ MIO)

* Prices reflect Year’s End 2014 2015 2016 2017 2018 2019 Jul-20

CAPESIZE 5Y 39.5 25 24 33 33 37.5 35

CAPESIZE 10Y 27.8 13.6 15 20.5 23.5 22 20.5

CAPESIZE 15Y 16.3 8.5 8 13 14 13.5 12.5

CAPESIZE 20Y 9 6.6 6.4 8.3 9.5 7 6.3

KAMSARMAX 5Y 20.1 14 14 22.5 23.5 23.5 22.5

KAMSARMAX 10Y 14.6 8.5 8.5 14.5 14.5 13.5 13.5

PANAMAX 15Y 10 5 5.4 11 11 9.5 8.5

PANAMAX 20Y 5.4 3.6 3.6 6.5 6.5 6 5.3

SUPRAMAX 5Y 20.8 13.6 14 17.5 17.5 17 18.5

SUPRAMAX 10Y 13.8 8 9.5 13.5 14 12.5 10.5

HANDYMAX 15Y 9.1 4.5 5.8 9.5 10.5 5.5 5

HANDYMAX 20Y 6.2 3.5 2.8 6.5 6.5 4.5 3.8

Page 2: MONTHLY REPORT Baltic Dry Index - bluVerve (Pty) Ltd€¦ · SECOND HAND TONNAGE MARKET *Excluding demolition sales Sale and Purchase Market Ship Type Feb-20 Mar-20 Apr-20 May-20

S E C O N D H A N D S A L E S & C H A R T E R F I X T U R E T R E N D S

0

10

20

30

40

50

60

70

80

90

Pri

ce (

US

D M

io)

Monthly Tanker Price Trend

VLCC 5Y VLCC 10Y SMAX 5Y AMAX 5Y

AMAX 10Y PMAX 5Y 47K 5Y 45K 10Y

0

10000

20000

30000

40000

50000

60000

70000

(US

D)

Monthly 1 Yr TC Rates

VLCC 1 Yr T/C SMAX 1 Yr T/C AMAX 1 Yr T/C

PMAX 1 Yr T/C MR 1 Yr T/C

0

10

20

30

40

50

60

Pri

ces

(US

D M

io)

Monthly Bulk Carrier Price Trend

CAPE 5Y CAPE 10Y CAPE 15Y

KMAX 5Y PMAX 10Y PMAX 15Y

SUPRA 5Y SUPRA 10Y HMAX 15Y

0

5000

10000

15000

20000

25000

(US

D)

Monthly 1 Yr TC Rates

CAPE 1 Yr T/C PMAX 1 Yr T/C

SUPRA 1 Yr T/C HMAX 1 Yr T/C

Page 3: MONTHLY REPORT Baltic Dry Index - bluVerve (Pty) Ltd€¦ · SECOND HAND TONNAGE MARKET *Excluding demolition sales Sale and Purchase Market Ship Type Feb-20 Mar-20 Apr-20 May-20

S E C O N D H A N D T O N N A G E M A R K E T

*Excluding demolition sales

Sale and Purchase Market

Ship Type Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20 Total

BULK 44 17 6 13 22 41 143

TANK 52 10 8 9 15 9 103

GAS 3 2 0 1 2 4 12

CONT 20 10 1 0 1 9 41

TWEEN/MPP 7 3 1 1 0 0 12

REEF 0 0 0 0 0 0 0

RORO 0 0 0 0 0 0 0

FERRY 0 0 0 0 0 0 0

CRUISE 0 0 0 0 0 3 3

Total 126 42 16 24 40 66 314

365

41

354

22

0

100

200

300

400

THIS MONTH - PREVIOUS MONTH

S&P Activity Dry(>5,000 Dwt)

AVAILABLE FOR SALE

REPORTED SOLD

PREVIOUS MONTH A/BLE FORSALEPREVIOUS MONTH SALES

253

9

235

150

100

200

300

THIS MONTH - PREVIOUS MONTH

S&P Activity Tankers(>5,000 Dwt)

AVAILABLE FOR SALE

REPORTED SOLD

PREVIOUS MONTH A/BLE FORSALEPREVIOUS MONTH SALES

Page 4: MONTHLY REPORT Baltic Dry Index - bluVerve (Pty) Ltd€¦ · SECOND HAND TONNAGE MARKET *Excluding demolition sales Sale and Purchase Market Ship Type Feb-20 Mar-20 Apr-20 May-20

TANKER SALES

NAME DWT BLT PRICE $ BUYER

SEAMULLET 32238 2001 GERMANY DH UAE

NAVIG8 AMESSI 37596 2015 KOREA DH 26.5 MIO NAVIG8 CHEM TANKERS

VALLE DI SIVIGLIA 42721 2001 KOREA DH 7.3 MIO FAR EASTERN

HIGH PROGRESS 51303 2005 KOREA DH 12.95 MIO MEDBULK

HIGH PERFORMANCE 51303 2005 KOREA DH 12.95 MIO MEDBULK

SEADANCE 105477 1999 KOREA DH 9 MIO MIDDLE EASTERN

BERGINA 105839 2007 JAPAN DH 19 MIO UNDISCLOSED

SEA CORAL 298321 1996 KOREA DH 18 MIO RUSSIAN

HRA 320105 2011 KOREA DH 48 MIO EUROTANKERS

GAS SALES

NAME DWT BLT CBM PRICE $ BUYER

NIJINSKY 16967 2008 KOREA 22154 XS 30 MIO INDONESIAN

FUJI GAS 29458 1995 JAPAN 36770 8 MIO UNDISCLOSED

LAVENDER PASSAGE 49708 1996 JAPAN 76882 O/A 16 MIO FGAS

CNTIC VPOWER ENERGY 67003 1992 JAPAN 124905 UNDISCLOSED CNTIC VPOWER

502 709

1688400

800

1200

1600

2000

31 34 37 40 43 46 49 52 3 6 9 12 15 18 21 24 27 30

WEEK NO

Baltic Clean Tanker - Yearly

20202019

1074

1021

632

502

300

700

1100

1500

31 34 37 40 43 46 49 52 3 6 9 12 15 18 21 24 27 30

WEEK NO

Baltic Dirty Tanker - Yearly

20202019

499

523

450

470

490

510

530

550

01/07/2020 08/07/2020 15/07/2020 22/07/2020 29/07/2020

Baltic Clean Tanker - Monthly

408

438

469

400

420

440

460

480

01/07/2020 08/07/2020 15/07/2020 22/07/2020 29/07/2020

Baltic Dirty Tanker - Monthly

Page 5: MONTHLY REPORT Baltic Dry Index - bluVerve (Pty) Ltd€¦ · SECOND HAND TONNAGE MARKET *Excluding demolition sales Sale and Purchase Market Ship Type Feb-20 Mar-20 Apr-20 May-20

27350

1500010850

0150003000045000600007500090000

105000120000135000150000165000180000

Jul-19 Sep-19 Nov-19 Jan-20 Mar-20 May-20 Jul-20

$/D

ay

Spot Market - TankersVLCC

SUEZMAX

AFRAMAX

10000

20000

30000

40000

50000

60000

Jul-19 Sep-19 Nov-19 Jan-20 Mar-20 May-20 Jul-20

Period Market - Tankers 1 Year T/C

VLCC SUEZMAX AFRAMAX

408

435

474

400

420

440

460

480

01/07/2020 08/07/2020 15/07/2020 22/07/2020 29/07/2020

Baltic Handysize

701

890

897

650

700

750

800

850

900

950

01/07/2020 08/07/2020 15/07/2020 22/07/2020 29/07/2020

Baltic Supramax

1316

1178

1600

1100

1200

1300

1400

1500

1600

01/07/2020 08/07/2020 15/07/2020 22/07/2020 29/07/2020

Baltic Panamax

1900

2400

2900

3400

3900

4400

01/07/2020 08/07/2020 15/07/2020 22/07/2020 29/07/2020

Baltic Capesize

Page 6: MONTHLY REPORT Baltic Dry Index - bluVerve (Pty) Ltd€¦ · SECOND HAND TONNAGE MARKET *Excluding demolition sales Sale and Purchase Market Ship Type Feb-20 Mar-20 Apr-20 May-20

BULKER SALES

NAME DWT BLT GEAR PRICE $ BUYER

GLOBAL TRINITY 28202 2011 JAPAN 4X30.5 MID 6 MIO GREEK

MARATHA PRUDENCE 32070 2012 JAPAN 4X30 UNDISCLOSED ENBLOC BSS ▼

MARATHA PARAMOUNT 32081 2011 JAPAN 4X30 GREEK BUYERS

ORIENT HOPE 32165 2009 JAPAN 4X30 MID 7 MIO UNDISCLOSED

SAM EAGLE 32581 2010 CHINA 4X30.5 4.73 MIO MELINDA MARITIME (Auction sale)

GLOBAL HEART 32964 2012 JAPAN 4X30 LOW 9 MIO TURKISH

ZAMBESI 34205 2013 CHINA 4X35 8.75 MIO UNDISCLOSED

PEGASUS OCEAN 34512 2015 JAPAN 4X30 13.5 MIO ERASMUS SHIPINVEST GROUP

NY TRADER II 37054 2014 JAPAN 4X30 25.5 MIO ENBLOC BSS ▼ (PRICE TTL)

NY TRADER I 38271 2014 JAPAN 4X30.5 TRISTAR TRANSPORT

NIKKEI VERDE 51658 2011 JAPAN 4X30 10.5 MIO CHINESE

ROSITA 52292 2004 PHILIPPINES 4X30 14 MIO ENBLOC BSS ▼ (PRICE TTL)

FAVORITA 52292 2005 PHILIPPINES 4X30 UNDISCLOSED

GOLDENEYE 52421 2002 JAPAN 4X30 4.9 MIO UNDISCLOSED

BULK PARAISO 53503 2007 JAPAN 4X30.5 8 MIO SINGAPOREAN

PANWORLD 55675 2011 KOREA 4X25 10 MIO CHINESE

PARNON 56498 2011 CHINA 4X30 15.5 MIO ENBLOC BSS ▼ (PRICE TTL)

ITHOMI 57000 2011 CHINA 4X30 ALLSEAS

SUN LUCIA 56568 2012 CHINA 4X36 LOW 9 MIO CHINESE

XENOFON XL 57005 2010 CHINA 4X30 7.45 MIO UNDISCLOSED

FULHAM 57047 2010 CHINA 4X30 7.5 MIO UNDISCLOSED

MIKA MANX 57893 2013 PHILIPPINES 4X30 12.5 MIO GREEK

OCEAN JORF 61269 2016 JAPAN 4X30.7 HIGH 18 MIO GREEK

MI HARMONY 61617 2014 CHINA 4X30 15 MIO NORDEN A/S

ARETHUSA 73593 2007 CHIN 7.8 MIO CASTOR MARITIME

SANTA ROSALIA 75886 2008 JAPAN 10.5 MIO UNDISCLOSED

LORETO 76737 2004 JAPAN 8 MIO UNDISCLOSED

BW EINKORN 81502 2010 JAPAN 28.5 MIO ENBLOC BSS ▼ (PRICE TTL)

BW BARLEY 83369 2010 JAPAN CENTROFIN

AQUAVITA AIR 82192 2020 JAPAN 28.5 MIO GREEK

BW ACORN 82589 2010 JAPAN 13.83 MIO ORION REEDEREI

MEDI LAUSANNE 83002 2006 JAPAN HIGH 9 MIO GREEK

KM YOKOHAMA 83480 2011 JAPAN 15 MIO GREEK

TAIPOWER PROSPERITY I 88005 2000 CHINA 5.3 MIO CHINESE (AUCTION SALE)

TAIPOWER PROSPERITY II 88018 2000 CHINA 5 MIO CHINESE (AUCTION SALE)

CORONA HORIZON 88315 2000 JAPAN 5.2 MIO FAR EASTERN

ALPHA ERA 170387 2000 JAPAN 8 MIO CHINESE

NEW STAGE 176877 2008 JAPAN 16.3 MIO CENTROFIN

CAPE LEONIDAS 180149 2010 KOREA 18.4 MIO MOUNDREAS GROUP

GRACEFUL MADONNA 180242 2010 JAPAN 20.5 MIO EASTERN PACIFIC

CAPE ROSA 203163 2005 JAPAN XS 13.5 MIO SINGAPOREAN

Page 7: MONTHLY REPORT Baltic Dry Index - bluVerve (Pty) Ltd€¦ · SECOND HAND TONNAGE MARKET *Excluding demolition sales Sale and Purchase Market Ship Type Feb-20 Mar-20 Apr-20 May-20

CONTAINER SALES

NAME DWT BLT GEAR TEU PRICE $ BUYER

CMA CGM CARRIER 11804 2007 CHINA 2X45 966 2.1 MIO JENS + WALLER

MARCARRIER 12788 2007 KOREA GLESS 1043 5.2 MIO ENBLOC BSS ▼ (PRICE EACH)

SITC PROSPECT 12773 2007 KOREA GLESS 1043 CHINESE

MAGNUS F 13760 2006 CHINA GLESS 1118 1.71 MIO UNDICLOSED

MARUBA ZONDA 23732 2006 CHINA 2X45 1732 4 MIO LOMAR SHIPPING

MAERSK JAKOBSTAD 35358 2007 CHINA 3X40 2872 6.5 MIO UNDISCLOSED (AUCTION SALE)

NELSON 44239 2007 KOREA - 3398 5.2 MIO UNDISCLOSED

APL PARADISE 72968 2005 JAPAN - 6350 MID 10 MIO ENBLOC BSS ▼ (PRICE EACH)

MOL PARTNER 72968 2005 JAPAN - 6350 MID 9 MIO COSTAMARE

MPP SALES

NAME DWT BLT GEAR TEU PRICE $ BUYER

- - - - - - - -

Ro-Ro SALES

NAME GT BLT Lane Mts/Cars/Pax PRICE $ BUYER

RCGS RESOLUTE 8445 1991 FINLAND -/-/184 0.6 MIO UNDISCLOSED (AUCTION)

ROTTERDAM 61849 1997 ITALY -/-/1825 37 MIO ENBLOC BSS ▼ (PRICE TTL)

AMSTERDAM 62735 2000 ITALY -/-/1772 FRED OLSEN CRUISE LINE

0

5000

10000

15000

20000

25000

30000

35000

Jul-19 Sep-19 Nov-19 Jan-20 Mar-20 May-20 Jul-20

$/D

ay

Spot Market - BulkersCAPESIZE

PANAMAX

HANDYMAX

17370

9870

8100

10100

12100

14100

16100

18100

20100

22100

24100

Jul-19 Sep-19 Nov-19 Jan-20 Mar-20 May-20 Jul-20

$/D

ay

Period Market - Bulkers 1 Year T/CCAPESIZE

PANAMAX

SUPRAMAX

Page 8: MONTHLY REPORT Baltic Dry Index - bluVerve (Pty) Ltd€¦ · SECOND HAND TONNAGE MARKET *Excluding demolition sales Sale and Purchase Market Ship Type Feb-20 Mar-20 Apr-20 May-20

N E W B U I L D I N G M A R K E T A N D R E P O R T E D C O N T R A C T S

Dry Bulk Orderbook

Ship Type 2020 2021 2022+ Total

Capesize 59 70 24 153

Kamsarmax 81 96 18 195

Supra/Hmax 74 99 34 207

Handies 59 59 13 131

Total 273 324 89 686

Tanker Orderbook

Ship Type 2020 2021 2022+ Total

ULCC/VLCC 22 28 11 61

Suezmax 22 26 18 66

Aframax 14 52 31 97

Panamax 13 6 3 22

MR + Small 86 108 33 227

Total 157 220 96 473

LPG Orderbook

Ship Type 2020 2021 2022+ Total

VLGC 10 25 6 41

LGC 0 0 0 0

MR 0 7 7 14

Handy 7 2 5 14

Small 12 8 0 20

Total 29 42 18 89

88

57.4

48.2

33.8

20

40

60

80

100

Jul-18 Nov-18 Mar-19 Jul-19 Nov-19 Mar-20 Jul-20

$m

Tanker Prices VLCC Suezmax

Aframax MR

50.8

26

24

15

20

25

30

35

40

45

50

55

Jul-18 Nov-18 Mar-19 Jul-19 Nov-19 Mar-20 Jul-20

$m

Bulker Prices Capesize Kamsarmax

Supramax Handysize

Page 9: MONTHLY REPORT Baltic Dry Index - bluVerve (Pty) Ltd€¦ · SECOND HAND TONNAGE MARKET *Excluding demolition sales Sale and Purchase Market Ship Type Feb-20 Mar-20 Apr-20 May-20

201

277

192

176

245

878681

19

0

100

200

300

Tankers Bulkers Containerships

No

. o

f V

es

se

ls

Newbuilding Sales 2018 2019 Jul-20

26

31.5

9

22.4

23.2

11

0

5

10

15

20

25

30

35

Jul-20 2021 2022+

m. d

wt

Delivery Schedule Bulkers

Tankers

18.6

10.211

1.4

8

0

2

4

6

8

10

12

14

16

18

20

July 2020

m.

dw

t

Tanker Newbuildings on OrderVLCC Suezmax

Aframax Panamax

Products

34.6

16.312

4

0

5

10

15

20

25

30

35

40

July 2020

m. d

wt

Bulker Newbuildings on OrderCapesizeKamsarmaxSupramaxHandysize

Newbuilding Historical Prices ($m)

Tankers Jul-20 2019 2018 2017 2016 2015 2014 2012 2010 2005 2000 1995 1990 1985

320,000

DWT1

88.1 95.6 92.4 81.5 84.5 93.7 97.3 93.2 104.8 120 76.5 85.3 87.4 2 38.2

170,000

DWT1

57.7 71.7 60.6 55 54.5 63 65.5 57.1 66.3 71.5 52.5 54 66.1 2 28.2

115,000

DWT1

48.4 55.1 48.1 44 44.5 52 53.6 48.5 56 58 41.5 43.3 53.2 2 18.1

50,000 DWT1 34.1 38.8 36.7 33.8 32.5 35.4 36.8 33.8 36.1 43 29.5 33.2

3 32.1

3 13.3

Bulkers

185,000

DWT1

47.1 51.8 50.4 44 42 46 54.2 45.7 57.2 58.5 40.5 42.3 60.2 29.3

83,000

DWT1 ♦

26.2 30.6 28.1 25.5 24.5 25.7 29 25.6 34.3 36 22.5 27.9 30 13.4

64,000 DWT♦ 24.1 27.4 26.2 24 22.3 24.1 27.2 23.7 31.1 31 20.5 24.1 25.3 12.4

35,000 DWT♦ 23.1 22.6 23.9 22 19.5 20.3 22.8 20.5 26.3 25.5 15 19.2 21.3 9.7

1 Before 2001 sizes to read 280,000 - 140,000 - 95,000 - 40,000 respectively for tankers and 150,000 - 69,000 for Bulkers

2 Single Hull

3 30,000 DWT ♦Prior 2017 to read 73 – 76k dwt, 45k dwt & 30k dwt

(note: above is for vessels built Japan / Korea, you should also consider US$ / Yen / Won relation for the years mentioned)

Page 10: MONTHLY REPORT Baltic Dry Index - bluVerve (Pty) Ltd€¦ · SECOND HAND TONNAGE MARKET *Excluding demolition sales Sale and Purchase Market Ship Type Feb-20 Mar-20 Apr-20 May-20

The Shipbuilding Market

TYPE DWT BUILDER DELIVERY PRICE $ OWNER NOTES

Pass Sefine Shipyard 2022 Boreal Transport

Pass Sefine Shipyard 2022 Boreal Transport

Pass Sefine Shipyard 2022 Boreal Transport

Pass Sefine Shipyard 2022 Boreal Transport

Pass Sefine Shipyard 2022 Boreal Transport

LNG 96000 Hudong Zhonghua 2022 United Liquefied Gas

LNG 96000 Hudong Zhonghua 2023 United Liquefied Gas

LNG 96000 Hudong Zhonghua 2023 United Liquefied Gas

Bulk 61000 Nantong COSCO KHI 2022 Norden A/S

Bulk 61000 Nantong COSCO KHI 2022 Norden A/S

Bulk 61000 Nantong COSCO KHI 2022 Norden A/S

Bulk 61000 Nantong COSCO KHI 2022 Norden A/S

Container 12000 Dae Sun Shipbuilding 2021 Namsung Shipping

Container 12000 Dae Sun Shipbuilding 2021 Namsung Shipping

Tanker 112000 Sumitomo (Yokosuka) 2022 Samos Steamship

Deck Cargo Carr. 13000 Wuchang SB Group 2021 Sinarmas LDA

Deck Cargo Carr. 13000 Wuchang SB Group 2021 Sinarmas LDA

Deck Cargo Carr. 13000 Wuchang SB Group 2021 Sinarmas LDA

Hvy L/Crane Yangzhou Wanlong 2021 Jialong Salvage

Hvy L/Crane Shanghai Zhenhua 2021 CRCC Bridge Eng

Chem & Oil 50000 Hyundai Mipo 2021 Intl Andromeda Shpg

Chem & Oil 50000 Hyundai Mipo 2021 Intl Andromeda Shpg

LPG 55000 Kawasaki HI Sakaide 2022 Kumiai Navigation

Bulk 51000 New Dayang SB 2022 Zhejiang Seaport

Bulk 51000 New Dayang SB 2022 Zhejiang Seaport

Ro-Ro 1000 Cochin Shipyard 2022 ASKO Maritime

Ro-Ro 1000 Cochin Shipyard 2022 ASKO Maritime

Ro-Ro 1000 Cochin Shipyard 2022 ASKO Maritime Option Ro-Ro 1000 Cochin Shipyard 2022 ASKO Maritime Option Bulk 75000 New Dayang SB 2022 Shishi Dingsheng

Bulk 75000 New Dayang SB 2022 Shishi Dingsheng

Bulk 75000 New Dayang SB 2022 Shishi Dingsheng Option Bulk 75000 New Dayang SB 2022 Shishi Dingsheng Option

Hvy L/Crane CSBC (Kaohsiung) 2022 CSBC-DEME Wind Eng

Gcargo 8000 Jiangsu Dajin HI 2021 9.4 Aston Enterprise

Gcargo 8001 Jiangsu Dajin HI 2021 9.4 Aston Enterprise

Chem & Oil 50000 Hyundai Mipo 2021 36 E4C Shipping

Chem & Oil 50000 Hyundai Mipo 2021 36 E4C Shipping Chem & Oil 50000 Hyundai Mipo 2022 36 E4C Shipping Option Chem & Oil 50000 Hyundai Mipo 2022 36 E4C Shipping Option Chem & Oil 50000 Hyundai Mipo 2021 35.7 Benelux Overseas

Chem & Oil 50000 Hyundai Mipo 2021 35.7 Benelux Overseas Chem & Oil 50000 Hyundai Mipo 2022 35.7 Benelux Overseas Option

TSH Dredger Gebr. Kooiman Yard 2022 Detlef Hegemann

MPP 8800 Damen Yichang 2021 Shanghai Changjiang

Page 11: MONTHLY REPORT Baltic Dry Index - bluVerve (Pty) Ltd€¦ · SECOND HAND TONNAGE MARKET *Excluding demolition sales Sale and Purchase Market Ship Type Feb-20 Mar-20 Apr-20 May-20

D E M O L I T I O N M A R K E T

* M O N T H ’ S E N D P R I C E S

Demolition Historical Data

410 400

370

315 310 295 305

180

230

280

330

380

430

480

530

580

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC

US

D/t

on

Price Tankers* 2017 2018

2019 2020

*India month's end prices

400 390

360

305

295 285 295

180

230

280

330

380

430

480

530

580

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC

US

D/t

on

Price Bulkers*2017 2018

2019 2020

*India month's end prices

Demolition Prices

Gen Cargo Tanker

India USD 295/lt Ldt USD 305/lt Ldt

Bangladesh USD 305/lt Ldt USD 315/lt Ldt

Pakistan USD 330/lt Ldt USD 340/lt Ldt

Turkey USD 185/lt Ldt USD 190/lt Ldt

Page 12: MONTHLY REPORT Baltic Dry Index - bluVerve (Pty) Ltd€¦ · SECOND HAND TONNAGE MARKET *Excluding demolition sales Sale and Purchase Market Ship Type Feb-20 Mar-20 Apr-20 May-20

HISTORICAL DEMOLITION PRICES (*Indian Year’s End)

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 CURR

TANK 174 262 362 302 405 507 287 338 485 482 405 435 425 300 300 440 435 380 305

BULK 181 267 381 332 392 472 268 328 437 456 375 410 400 285 280 425 425 370 295

14.54.9

2.354.6

3.815.9

16.718.9

15.518

15.625

30.522.4

28.428.5

2710

5.56.5

512

28.925.7

31.5850.3

41.834.3

38.844.6

35.230.4

16.913.2

0 10 20 30 40 50 60

1987

1990

1993

1996

1999

2002

2005

2008

2011

2014

2017

2020

Million dwt

Yea

r

Total Demolition (Dwt)

* Bss reported sales

0

100

200

300

400

500

600

US

D/t

on

Historical Demolition Prices (India Year's End)

TANKERS

BULKERS

Avg. Trend

Page 13: MONTHLY REPORT Baltic Dry Index - bluVerve (Pty) Ltd€¦ · SECOND HAND TONNAGE MARKET *Excluding demolition sales Sale and Purchase Market Ship Type Feb-20 Mar-20 Apr-20 May-20

India

TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS

CONT AHLAM 5660 1995 2471 285/ton -

BULK POLARIS ACE 15522 1997 12700 291/ton -

BULK PEGASUS HIGHWAY 15553 1994 12738 287/ton -

CONT SETUBA 16727 1997 5251 326/ton -

BULK OCEAN HIGHWAY 16733 2000 13400 270/ton -

BULK BALTIC HIGHWAY 17828 2001 12937 283/ton -

CONT KOTA JUTA 24935 2001 7500 310/ton -

BULK STELLAR EXPRESS 48821 1990 9400 322/ton -

CONT MSC ANTARES 67557 2000 24882 298/ton -

BULK PACIFIC RUBY 265647 1993 32792 290/ton -

Bangladesh

TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS

BULK HANDAN STEEL 264971 1994 39152 274/ton -

China

TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS

- - - - - - -

Pakistan

TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS

BULK ELIT 11816 1992 4360 310/ton -

CONT KUO HSIUNG 18372 1993 5822 340/ton -

BULK MASTER 24112 1997 6772 336.3/ton -

CONT EM OINOUSSES 32321 2000 11191 344/ton -

BULK BOLD VOYAGER 43469 1991 8211 340/ton -

BULK MJ BULKER 45304 1995 8071 352/ton -

BULK PACIFIC CORAL 265278 1995 40161 295/ton -

Turkey

TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS

- - - - - - -

Other

TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS

- - - - - - -

Page 14: MONTHLY REPORT Baltic Dry Index - bluVerve (Pty) Ltd€¦ · SECOND HAND TONNAGE MARKET *Excluding demolition sales Sale and Purchase Market Ship Type Feb-20 Mar-20 Apr-20 May-20

H I S T O R I C A L B U N K E R P R I C E S

HISTORICAL BUNKER PRICES

Rotterdam Fujairah Houston

380 cst MGO 380 cst MGO 380 cst MGO

1993 67 150.5 70 202.5 71.1 160.6

1994 86 133.2 80.9 182.6 80.8 148.8

1995 97 140.6 94.6 175.8 93.2 148

1996 107 175.1 104.4 207.5 105.8 186

1997 92 155.4 99.3 205.6 97.3 179.9

1998 66.5 112.2 69.2 152.2 67.2 136.9

1999 94 133 98.5 157.2 93.3 143.9

2000 139 231.6 155.3 263.5 136 255.7

2001 116 192.4 129.7 244.7 112.8 227.5

2002 135 188.2 145.9 222.8 134 196

2003 151 230.4 166.3 265.2 160.2 265.1

2004 154 313.4 176.7 359.3 167.3 328.7

2005 236 458.4 256.6 500.1 248.3 508.5

2006 195 524.1 310.9 631.8 303 562.3

2007 347 571.3 373.7 664.7 351.8 608.6

2008 469 850.7 509.4 1037.7 496.8 933.2

2009 355 490.6 372.8 657 360.7 525

2010 452 667.1 468.2 712.9 449.3 683

2011 548 848.6 587.5 897.5 542.1 862.4

2012 585 920 606 1005 610 1005

2013 585 920 620 1010 580 985

2014 310 570 350 880 315 695

2015 140 311 170 560 140 360

2016 307 472 340 546 310 525

2017 367 579 376 627.5 356 612

2018 315 490 335 732 362 567

2019 290.4 607.2 290.3 760.3 342 647.8

30-07-20 267.2 372.7 266.5 455 265 382.7

0

100

200

300

400

500

600

700

800

US

D/t

on

Bunkers Cost (380 cst)

Rotterdam

Fujairah

Houston

Average Trend

0

200

400

600

800

1000

1200

US

D/t

on

Bunkers Cost (MGO)

Rotterdam

Fujairah

Houston

Average Trend

Page 15: MONTHLY REPORT Baltic Dry Index - bluVerve (Pty) Ltd€¦ · SECOND HAND TONNAGE MARKET *Excluding demolition sales Sale and Purchase Market Ship Type Feb-20 Mar-20 Apr-20 May-20

M A R K E T I N D I C A T O R S

GBP CAD EUR JPY CHF USD

AUD

GBP 1 1.705957 1.104848 134.903417 1.181757 1.261682 1.800007

CAD 0.585864 1 0.647467 79.052436 0.692468 0.739347 1.054864

EUR 0.904656 1.543787 1 122.08339 1.069397 1.141765 1.629086

JPY 0.007410 0.012644 0.008189 1 0.008758 0.009351 0.013342

CHF 0.845818 1.443207 0.934780 114.123013 1 1.067356 1.522783

USD 0.792455 1.352210 0.875797 106.925409 0.936648 1 1.426846

AUD 0.555149 0.947335 0.613614 74.916262 0.656169 0.700629 1 * 30/07/2020 values

60

70

80

90

100

110

120

130

0.00

0.20

0.40

0.60

0.80

1.00

1.20

1.40

1.60

1.80

USD

-JP

Y

USD

-EU

R

CurrenciesUSD-EUR

USD-JPY

0.00

20.00

40.00

60.00

80.00

100.00

120.00

140.00

160.00

$/B

arr

el

Brent Oil

Page 16: MONTHLY REPORT Baltic Dry Index - bluVerve (Pty) Ltd€¦ · SECOND HAND TONNAGE MARKET *Excluding demolition sales Sale and Purchase Market Ship Type Feb-20 Mar-20 Apr-20 May-20

S T O C K W A T C H

NAME TICKET THIS MONTH* LAST MONTH CHANGE % 52w HIGH 52w LOW

Capital Product Partners CPLP 7.04 8.28 -14.97 14.20 5.18

Diana Shipping Inc. DSX 1.42 1.55 -8.38 4.15 1.25

Dynagas LNG Partners LP DLNG 3.43 3.75 -6.93 3.97 0.98

Eagle Bulk Shipping Inc. EGLE 2.44 2.25 8.44 5.15 1.27

Euroseas Ltd. ESEA 2.71 2.51 7.96 6.56 1.23

Costamare Inc. CMRE 4.78 5.54 -13.71 10.84 3.16

Navios Maritime Holdings NM 1.88 2.20 -14.54 6.98 1.30

GasLog Ltd. GLOG 3.19 3.16 0.94 15.16 2.55

Safe Bulkers Inc. SB 1.30 1.27 2.36 2.24 0.74

Star Bulk Carriers Corp. SBLK 7.21 6.49 11.09 12.09 3.86

Stealthgas Inc. GASS 2.48 2.03 22.16 3.97 1.51

TEN Inc. TNP 9.31 8.80 5.79 23.85 8.48

TOP Ships Inc. TOPS 0.10 0.14 -28.57 9.71 0.075

Performance Shipping Inc. PSHG 0.64 0.62 3.22 1.11 0.36

Danaos Corporation DAC 3.56 3.70 -3.78 13.12 2.50 * 30/07/2020 closing values

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Disclaimer: Information and data that appear in this report have been obtained from various sources which are believed to be

correct and reliable. However, Athenian Shipbrokers S.A. does not guarantee their accuracy or completeness and therefore cannot

be held liable for any loss incurred as a result of reliance in any way whatsoever on the information contained herein.

Kind Regards,

ATHENIAN SHIPBROKERS S.A.


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