As always lets begin from the Newbuildings front. However I would like to stress that especially for dry/wet and containers the market is saturated and overbuilt so whoever wants to buy new ships please buy resales!!!

Its better for everyone and buyers will save on interest and supervision costs! Thenamaris has added a third 160,000 cbm LNG ship at Samsung costing $200 mill  while alpha/kanellakis has switched an order for two capes in STX to LNG’s and the price has remained unchanged!

Exxon ordered two aframaxes in aker Philadelphia for Alaskan trade costing $200 mill apiece and bergesen went to Hyundai for two opt two155,000 cbm LNG’s costing $200 mill each.

Full article, ELNAVI, Issue 454,  November 2011, Page. 54

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