MONTHLY S&P REPORT 4/4/2014

Despite the weakening day rates for both bulkers and tankers values continue to firm especially for modern crude tankers and bulkers of all sizes especially the ones that are Japanese built!
On the newbuidlings front dalian tiger agreed with shanhaiguan new to build two more 38,000 dwt bulkers making a total of 10 similar units while blue wall exercised an option for two more 43,000 dwt handies at qingshan making 4 in total costing abt $24 mill each. Shandong bohai went to sinopacific for two option two 82,000 dwt kamsarmaxes costing $30 mill each and jingling won an order from densay for two 64,000 dwt ultramaxes.
RGL agreed with nantong cosco to build two 210,000 dwt newcastlemaxes, oldendorff exercised options for six ultramaxes at qingshan, making 12 in total and costing abt $25,5 mill each, and sainty won orders from precious for twelve ultramaxes costing $28 mill each! Spar went to hantong for four similar ships while paragon agreed with Jiangsu yangzijiang to build 3 kamsarmaxes priced at $30 mill each and two ultramaxes at dayang. Trafigura agreed to build newcastlemaxes in Qingdao yangfan while golden union went to hanjin for two capes costing $57 mill each. Quintana decided to order one postpanamax at sasebo, Laskaridis ordered two kamsarmaxes at penglai for $27 mill each and euroseas ordered two similar ships in Jiangsu for $30 mill apiece.

Full article, ELNAVI, April 2014, Issue 484, Page. 56

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