Let's begin from the new orders front!

By

Harry Vafias

As usual lets begin from the new orders front! Aegean agreed with cosco zhoushan to build two option two crude aframaxes for $41 mill apiece with very tail heavy payments showing how hungry the yards are becoming… Tomasos went to hyundai mipo for two  option two 40,000 dwt products  for 2018 deliveries.

Lets continue with the 2^nd hand dry transactions. The ‘eternal power’ 97,000 dwt built 04 japan went for $5,5 mill, the ‘alam pesona’ 87,000 dwt built 05 japan fetched $7 mill and the ‘lion’ 32,000 dwt built 2000 japan 4x30 got $3,1 mill. The ‘kaien’ 88,000 dwt built 04 japan achieved $6,4 mill, the ‘sapphire’ 75,000 dwt built 99 japan got $3,2 mill while the ‘ocean spirit’ 73,000 dwt built 99 japan was sold for $3,1 mill. The ‘medi nagasaki’ 53,000 dwt built 03 japan 4x30 got $4,5 mill, the ‘armeria’ 48,000 dwt built 03 japan 4x30 fetched $4,3 mill and the ‘loyal union’ 48,000 dwt built 07 japan 4x30 got $6,25 mill. Italian buyers paid $8 mill for the ‘boronia K’ 33,000 dwt built 11 japan 4x30 while greeks agreed to pay $11, 3mill for the ‘an may’ 175,000 dwt built china. The ‘chitra prem’ 93,000 dwt built 10 china got $9,5 mill, the ‘archimedes’ 81,000 dwt built 11 korea was sold to katsikis and sigalas for $14,5 mill and the ‘jia yue’ hantong resale 63,000 dwt ex yard june 16 4x30 got $16,3 mill. The ‘oriental explorer / oriental phoenix’ both 56,000 dwt built 12 china 4x35 got $14,5 mill enbloc while marmaras bought the ‘klara selmer’ 175,000 dwt built 12 china for a mere $19 mill. finally the ‘fredreike selmer’ 56,000 dwt built 09 china 4x30 got $5,8 mill while the ‘maemi pioneer’ 53,000 dwt built 07 japan 4x30 got $7,2 mill from new vision in Greece.

Lets finish off with the wet sales. The ‘jag laxmi’ 105,000 dwt built 99 korea got $13,4 mill while the ‘isis’ 116,000 dwt built 07 japan got $28,5 mill. the ‘DS chief’ 311,000 dwt built 99 korea fetched $25 mill from winson oil, the ‘DHT target’ 165,000 dwt built 01 korea achieved $22,5 mill from ridgebury basis SS passed while NAT paid $106 mill to acquire enbloc four carras suezmaxes namely ’romantic / authentic / poetic / majestic’ all 150,000 dwt built 04/04/03/01 japan. The ‘jade’ 40,000 dwt built 07 korea coated got $21,5 mill, the ‘SKS tyne’ 110,000 dwt built 96 korea combo type got $7 mill from karadeniz while the ‘arabiyah’ 121,000 dwt built 89 korea coated got $8,5 mill from Onex!

MONTHLY SALE AND PURCHASE REPORT 19/5/16