Fresh Newbuilding orders on the rise
In its latest weekly report,
shipbroker Allied Shipbroking said that it was “a rather interesting week for
the newbuilding market, given the fair number of fresh orders coming to light.
In the dry bulk sector, buying appetite seems to be on the rise, nourished by
the general improved sentiment, as well as, the relatively firm freight returns
(especially for the medium and smaller sizes). During the past week, we saw new
ordering activity being somehow skewed solely for smaller size units.
Notwithstanding this, if newbuilding price levels manage to hold fairly stead,
we can expect things to remain lively in the newbuilding market for dry
In the tanker sector, we
witnessed a modest flow of newbuilding orders for yet another week. Seeing a
relatively “good” buying interest came as a surprise for some market
participants, given the general uninspiring trends being noted from the side of
earnings right now. We have however started to see a slowly emerging optimism
for the longer-term prospects of this market, something that has likely driven
many buyers to look for the opportunity to order now at these prices rather
than wait for later. All-in-all, with the Containership and Gas sectors moving
on a positive tone in terms of activity noted, this could lead to a further and
quicker price hikes to be offered down the line”.
In a separate note, shipbroker
Banchero Costa commented on the newbuilding market that “the tanker segment has
seen Atlas Maritime of Greece adding 1 more Aframax 115,000 dwt by declaring an
option at Daehan Shipbuilding, South Korea for delivery in 2023. Price in the
range of USD 46 mln. Nanjing Tankers, China have ordered 4 x 49,700 dwt MR2
(two units will fly Chinese flag and two units a nonChinese one) at GSI
(Guangzhou Shipyard), China for delivery 2022- 2023.
Total price approx USD 140 mln.
Finally Raffles Shipping Group, Singapore has declared its option for one more
MR2 with Penglai Jinlu, China for delivery end 2022 at around USD 33 mln. A
special word goes to the container newbuilding market, where there is strong
demolition activity, the passage to the new – low emissions – era and major
charterers looking for green ships push Owners to new investments”.
Meanwhile, in the S&P
market, Banchero Costa said that “in the dry sector, a resale SWS scrubber
fitted Newcastlemax Atlantic Bear abt 210k blt 2020 SWS has been purchased by
C. of Maran Dry at USD 53 mln. Due to the strong chartering market a strong
appetite was recorded for Supramax and Handysize tonnage. Two Winning
controlled Supramaxes Winning Angel and Winning Bright abt 58k blt 2012 Nacks
were sold at USD 14.4 mln each while a Japanese controlled Mitsui 56 Luminous
Nova abt 56k blt 2013 (Tier II no BWTS) has been sold at USD 15.25 mln to
Indian buyers. Back in January Western Seattle abt 58k blt 2014 Tsuneishi
Zhoushan was reported sold at USD 14.5 mln. A Tier II Dolphin 57 Eastern
Edelweiss abt 57k blt 2012 Jiangsu was reported at USD 11.8 mln, in the past
weeks Nordic Tinajin and Nordic Harbin abt 57k blt 2012 Yangzhou Guoyu were
done at USD 18.55 mln. In the handy segment Alam Sejathera abt 33k blt 2016
Shin Kochi (BWTS fitted) is reported sold to Greek buyers at USD 14.9 mln.
Back in January Furness Fortland
abt 37k blt 2014 Saiki was done at USD 13.25 mln. In the tanker sector more
activity was recorded during the week. When it comes to crude tankers, two ten
years old Suezmaxes Suez Hans and Suez Rajan abt 160k blt 2011 HHI have been
sold en bloc to Greek buyers at USD 50 mln two weeks ago. SksSegura abt 158k
blt 2007 Hyundai Samho (coated) was reported at USD 20 mln while a vintage
Aframax Aegean Freedom abt 106k blt 2003 HHI (CAP 1 SS/DD due 2023) was
purchased by C. of Spring Marine at USD 10.75 mln. In the product tanker
sector, MR Pat Brown abt 50k blt 2009 SPP (BWTS fitted) was reported committed
at USD 14.25 mln and a zinc coated MR FPMC 24 abt 50k blt 2010 STX was sold to
Greek buyers at USD 12 mln”, the shipbroker concluded.