Despite the already ‘huge’ dry orderbook we see new orders been announced every single week

By Harry Vafias

Despite the already ‘huge’ dry orderbook we see new orders been announced every single week… IMC ordered four 62,000 dwt ultramaxes at oshima costing $36 mill apiece whereas COSCO agreed with chengxi to build six kamsarmaxes costing $31,5 mill each and four 208,000 dwt newcastlemaxes at SWS costing $58 mill each!

Newcastlemaxes were also ordered by kumiai senpaku at Nantong Cosco (2 units) costing $60 mill each. China Cosco holdings agreed with jiagnan changing to build five 14,500 teu containers costing $124 mill eachw while K line went to imabari for five more 14,000 teu containers, making 10 in total! Petronas ordered on more 150,000 cbm LNG carrier Moss type in Hyundai making 5 ships in total and 3 pending options and BW went to Daewoo for two 173,000 cbm LNG carriers with ME-GI (gas injection). Kawasaki won two orders for 155,000 cbm MOSS type LNG carriers from mitsui and china peace exercised two option in daewoo for VLGC’s making 6 in total costing $80 mill each. Astomos ordered a 3^rd VLGC in Mitsubishi while knutsen went to Hyundai for two 157,000 dwt DP2 shuttle tankers costing $123 mill each for long term charter to BG. Last but not least china merchants agreed to build 5 VLCC’s, dalian will build three and SWS the other two!

Lets continue with the 2^nd hand dry transactions: Norwegian maritime opportunities paid $38 mill to acquire enbloc the ‘emerald strait / endeavour strait’ both 56,000 cwt built 10 china 4x36 while ADS paid $18,4 mill for the ‘belmonte’ 75,000 dwt built 07 japan. The ‘sea elegance’ 51,000 dwt built 02 japan 4x30 got $12,5 mill, the ‘nikol H’ 24,000 dwt built 97 japan 3x30 got $4,5 mill and the ‘lady anthulla H’ 20,000 dwt built 99 japan 3x35 got $4,5 mill from turks. Navios paid $51 mill for the ‘berge mcclintock’ 180,000 dwt built 12 hanjin subic while ACT, India paid $10,7 mill for the ‘kwela’ 32,000 dwt built 02 japan 4x30. The ‘carribean frontier’ 28,000 dwt built 02 japan 4x30 got $10 mill while the ‘free jupiter’ 47,000 dwt built 02 china got $12,3 mill with 7 years BB back at $5,325 daily.

On the tanker side we see increased interest on crude carriers (especially aframaxes and suezmaxes) with firming values and firming day rates but there are very few sellers out there. The ‘song lin wan’ 105,000 dwt built 02 japan coated got $19 mill while the ‘SC sara’ 105,000 dwt built 01 japan got $17,2 mill. Navig8 paid $246 mill to acquire enbloc 6  hyundai vinashin MR resales all abt 50,000 dwt with 20 epoxy tanks and two stainless tanks. Last but not least the ‘ST nikolai’ 47,000 dwt built 05 japan got $18 mill.