Market Keeps Growing

Published at https://www.marinedealnews.com/market-keeps-growing/ @ 31st May 2022

Market keeps growing:

Bulkers:
Capesize “AQUADIVA” (182,060 dwt, Built 2010 Odense, MAN-B&W) is sold for US$ 31 million. This reflects an increase on the price, Ceres sold one-year older sister “AQUAMARINE” (Built 2009 Odense) last month for US$ 26.5 million. Valhal Shipping is buying a further Japan-built Cape size following purchase of “RED SAGE” (182,443 dwt, Built 2015 Japan Marine United) in early April. They are now paying excess US$ 50 million for the one year younger “MINERAL YARDEN” (181,218 dwt, Built 2016 Imabari – ss passed 5/2021). Vsl is fixed to Bunge for 5 years at US$ 26,000 per day. Older Caper “FORMOSABULK CLEMENT” (170,085 dwt, Built 2001 IHI – next ss 7/2026, dd 1/2024) has been concluded at US$ 13.8 million.
Post Panamax “GREAT ASPIRATION” (93,412 dwt, Built 2010 Jiangsu Jinling – ss 1/2025, dd 8/2022) and “GREAT CHEER” (93,297 dwt, Built Jiangsu Jinling 2009, ss 10/2024, dd 11/2022) are sold for US$ 17.9 million/US$ 16.8 million resp.
Kamsarmax “RICH RAINFOREST” (82,300 dwt, Built 1/2022 Jiangsu Yangzi-Mitsui ) is sold for US$ 40.8 million. “SEA HERMES” (81,708 dwt, Built 2013 Xiamen – ss/dd 1/2023) is sold for US$ 23.5 million to Turkish buyers. “COVENTRY” (82,464 dwt, Built 2011 Oshima ) is sold for US$ 26 million . A year older, “MBA LIBERTY” (82,217 dwt, Built 2010 Tsuneishi Zhoushan ) has gone for US$ 23 million. Jebsen sold their couple of Kamsarmax sisters, “BTG OLYMPOS” (81,086 dwt, Built 2015 Japan Marine – ss 10/2025) and “BTG KAILASH” (also built 2015, ss 2/2025) for US$ 35.5 million each to TMS. “ORIENT UNION” (79,754 tdw, Built 2011 Fujian Crown, BWTS, Wartsila – next ss 8/2026) is reported sold at US$ 17.7 million. Panamax “ROSCO OLIVE” (74,951 dwt, Built 2010 Sasebo ) is believed to have obtained more than US$ 24 million; an older CSBC-built, “CHAILEASE BLOSSOM” (77,684 dwt, Built 2004 China Shipbuilding ) is sold for US$ 13.5 million with ss/dd due 8/2022.
Ultramax “ATLANTIC MANZANILLO” (63,590 tdw, Built 2016 – ss passed 4/2021) has obtained US$ 33 million, “BELPAREIL” (63,242 tdw, Built 2015 Jiangsu Hantong – ss 5/2020) has gone at US$ 29.5 million with a one-year timecharter back at US$ 27,250 pd. “NORD BALTIC” (62,625 tdw, Built 2018 Oshima ) is sold for US$ 36 million. “YANGZHOU CONFIDENCE” (63,165 tdw, Built 2017 Yangzhou Dayang ) is sold with s/dd passed and BWTS fitted for US$ 31 million;
Supramax “AMOY DREAM” (56,873 dwt, Built 2010/07 Xiamen ) has been concluded to Greek buyers for reg. US$ 17 million. Seaenergy has agreed to pay US$ 18 million for “PAN CROCUS” (57,269 dwt, Built 2009 STX Dalian Shipbuilding – dd 5/2024). At a sale by auction, “HUA RONG 3” (56,467 dwt, Built 2013 Zhejiang Zhenghe – last ss 5/2018) was sold against a bid of US$ 17.85 million. “AP STON” (57,239 tdw, Built 2012 STX Jinhae ) has been finalized at US$ 19.5 million; delivery is not scheduled until end year when ss/dd will be due. For delivery July/August with ss/dd passed, buyers are paying US$ 17.5 million for “THERESE SELMER” (55,682 dwt, Built 2006 Mitsui). Chinese are paying US$ 14.25 million for “AM OCEAN PRIDE” (53,553 dwt, Built 2003 Iwagi Zosen – ss 12/2025). According to our records they paid US$ 4.5 million when they bought her in 2016. “NICOLAOS A” (53,806 dwt, Built 2003 New Century – ss 3/2023) has received a price of US$ 14 million. “SERENE JUNIPER” (57,185 dwt, Built 2011 STX Dalian ) is sold to Norwegians for US$ 19.2 million with one year timecharter at US$ 26,000 pd.
Handy – Swire has sold “EREDINE” (39,855 dwt, Built 2014 Chengxi – ss/dd 5/2024) for US$ 24.5 million. Sister “ERISKAY” (39,810 dwt, Built 2015 Chengxi, cranes 4 x 36 tons, Wartsila – ss 1/2020) for US$ 25.5 million, ie a million dollars moreJanchart, Denmark is buying “IONIC HUNTRESS” (34,062 tdw, Built 2012 Dae Sun) for US$ 19 million with surveys and BWTS due. “TAN BINH 239” (32,912 dwt, Built 2010 Zhejiang Zhenxing – ss 42025, dd 6/2023) has been sold for US$ 13 million, “TEAM CHALLENGE” (28,710 dwt, Built 2004 Shin Kochi) is going to Greeks for US$ 9 million with ss/dd due 12/2022. “JIN DA” (35,212 dwt, Built 2011 Nanjing Dongze – ss 9/2026) has received a price in the low US$ 17 millions. A recent vintage Imabari 28, “IRONGATE” (28,316 tdw, Built 2015 I-S Shipyard – ss 4/2025, dd 6/2023) has commanded a price of US$ 18 million for delivery September. Janchart is selling “MERAY GLYFADA” (28,471 dwt, Built 2002 Kanda – ss/dd due 11/2022) for US$ 10 million. Nomikos has obtained US$ 10.5 million for “AQUATA” (46,685 dwt, Built 1999 Sanoyas – ss 1/2024). “LION” (27,917 dwt, Built 1996 Naikai Zosen) has been sold for US$ 8 million with ss/dd passed 10/2021. 1994-built “SENSEI” (21,955 dwt, Built 1994 Saiki H.I – IS/DD passed 4/2022) is sold to Syrian buyers at US$ 6 million.
Tankers:
Sovcomflot is forced to sell their vessels due to EU sanctions but we do not yet know the price levels :
“SCF SHANGHAI” (320,701 dwt, Built 2014 Bohai,9) is sold to Al Seer Marine, UAE
“SVET” (321,039 dwt, Built 2013 Bohai) is sold to Al Seer Marine, UAE
“LOMONOSOV PROSPECT” (113,226 dwt, Buit 2018 Hyundai Samho) is sold to Capital
“MENDELEEV PROSPECT” (113,189 dwt, Built 2018 Hyundai Samho) is sold to Capital
“GAGARIN PROSPECT” (113,170 dwt, Built 2018 Hyundai Samho) is sold to Capital
“SAMUEL PROSPECT” (113,095 dwt, Built 2019 Hyundai Samho) is sold to Capital
(the four Aframaxes above are LNG dual fueled)
“SIBUR VORONEZH” (20,310 cbm, Built 2013 Hyundai Mipo) is sold to Al Seer Marine, UAE
“SIBUR TOBOL” (20,310 cbm, Built 2013 Hyundai Mipo) is sold to Al Seer Marine, UAE
(the above two are LPG carriers)
In other sales, Andriaki Shipping has sold their VLCC “LEONIDAS” (318,325 dwt, Built 2009 Hyundai H.I., passed ss 10/2019) to Sinokor for US$ 42 million. “NEW TALISMAN” (296,068 dwt, Built 2009 Bohai – passed dd 9/2022) received US$ 38.2 million.
The following vsls are reported sold to Navigazione Montanari but we cld not yet find out the price levels:
“NEVERLAND DREAM” ( 115,909 dwt, Built 2010 Samsung)
“MISS BENEDETTA” (50,895 dwt, Built 2012 STX Jinhae)
“MISS MARINA” (47,499 dwt, Built 2011 STX Jinhae)
“KORSARO” ( 25,997 dwt, Built 2008 Cicek)
“AETHALIA” (19,991 dwt, Built 2008 Soli)
VLCC “DHT HAWK” (298,923 dwt, Built 2007 Nantong Cosco KHI ) is sold for US$ 40 million and sister “DHT FALCON” (Built 2006) is sold for US$ 38 million. “NEW SPIRIT” (298,972 dwt, Built 2005 Universal Japan ) has been sold at US$ 33.85 million.
Suezmax “CAP PIERRE” (159,083 dwt, Built 2004 Samsung – ss 1/2024) is sold to Metrostar for US$ 21.5 million. The sale took place a few weeks ago, delivery was last week, new name “HUELVA STAR”.
Aframax “FSL HONG KONG” (115,940 dwt, Built 2007 Samsung ) has been sold with ss/dd and BWTS all due, price US$ 19.5 million. A sister, Teekay’s “HELGA SPIRIT” (115,515 dwt, Built 2005 Samsung – ss 1/2025) has received US$ 17.5 million.
LR2 “ALMI STAR” (114,880 dwt, Built 2005 Daewoo – next ss 8/2025) is said to have achieved US$ 18.25 million. Castor Maritime is reported to have sold “WONDER ARCTURUS” (106,149 dwt, Built 2002 Hyundai H.I – trading DPP) for US$ 13.15 million. She is Cap 1 but due for ss/dd 5/2022. The epoxy coated “ALMI SPIRIT” (105,547 dwt, Built 2007 Hyundai H.I.) has achieved US$ 20 million from Chinese buyers. Vintage “TORM GUDRUN” (101,155 dwt, Built 2000 Hyundai H.I ) is sold for US$ 10 million.
LR1 Buyers are paying US$ 10.6 million for LR1 “AMALIA” (73,869 dwt, Built 2006 New Century – ss 12/2026).
MR A sale of pumproom type “MAERSK MESSINA” (48,056 dwt, Built 2009/06 Iwagi Zosen – last ss 7/2019) is reported at US$ 16.5 million with dd due. Sisters “ISOLDE” (37,527 dwt, Built 2008 Hyundai Mipo, Ice 1A, IMO II/III – next ss/dd 7/2023) and “LUGANO” (Built 2007) are sold to Greek buyers for about US$ 11 million each. A pair of 2020/2021 built MRs are sold to UK buyers for US$ 78.5 million en bloc, they are “GWN 2” (50,192 dwt, Built 2020 Samsung, IMO II/III ) and sister “GWN 3” (Built 2021); so an average US$ 39.25 each. “ST. PAULI” (49,999 tdw, Built 2017 Hyundai Mipo, IMO II/III ) has been concluded at US$ 33.3 million. “FALCON NOSTOS” (51,371 tdw, Built 2006 Shin A, IMO III – ss 6/2026, dd 6/2024) has achieved US$ 13.3 million, pumproom type “SANMAR SOPRANO” (45,861 tdw, Built 2002 Shin Kurushima) is sold for US$ 6.1 million which reflects her ss/dd due status (5/2022) and is not far from a best estimate of her recycling value. “CLAXTON BAY” (36,686 tdw, Built 2010 Hyundai Mipo, IMO II ) for US$ 15.5 million. “GOLD OCEAN” (37,320 tdw, Built 2007 STX Jinhae, IMO II) is sold to European buyers for US$ 10 million – note ss due 1/2027, dd due 9/2025.
Handy Stolt-Nielsen has acquired three stainless steel chemical tankers from Kawasaki, “GENUINE HERCULES” (33,559 dwt, Built 2013 Kitanihon, IMO II/III – ss 3/2023) and “GENUINE VENUS” (33,552 dwt, Built 2013, ss 7/2023) at US$ 25.8 million each and sister “GENUINE GALAXY” (33,591 dwt, Built 2012, next ss 3/2027) at US$ 24.5 million.
A.P.Moller is reported to have sold “BRO NYBORG” (16,564 dwt, Built 2007 Qiuxin S/Y, IMO II, Marineline ) and three sisters, all built in the same year, “BRO NIBE”, “BRO NORDBY” and “BRO NAKSKOV”. Buyers Norwegian, price tba. Korean buyers are purchasing the stainless steel chemical carrier “ORIENTAL ROSE” (14,351 dwt, Built 2006 Asakawa, IMO II/III) – price US$ 10.8 million.
“ORKIM AMBITION” (6,921 dwt, Built 2009 Ningbo Dongfang, epoxy ) is sold tt Indonesian buyers, price US$ 3.25 million. “ORKIM WISDOM” (9,220 dwt, Built 2008 Dongfang, IMO II – ss 9/2023) is going to Indonesian buyers for US$ 3.6 million, Chinese buyer paid US$ 3.9 million for “GAO CHENG 5” (9,039 dwt, Built 2011 Zhejiang Taitong, IMO II ), “SANTA PAWLINA” (5,717 dwt, Built 2005 Torlak Turkey, IMO II, epoxy – ss 5/2020) is sold for US$ 4.5 million. Taiwanese buyer paid US$ 4.5 million for “NEWOCEAN 6” (4,679 dwt, Built 2014 Chongqing Chuandong, epoxy),“LS EVA” (4,726 dwt, Built 2007 Tersan, IMO II/III, Marineline ) is sold to Kaptanoglu for US$ 2.85 million, most likely with ss/BWTS overdue.
Gas:
“JAG VIJAYA” (35,420 cbm, Built 1997 Mitsubishi ) has been sold at excess US$ 8 million with ss due 7/2022. The Sanmar Group has paid US$ 9 million for LPG carrier “CLIPPER HARALD” (12,660 cbm, Built 1999 Thyssen Nordseewerke ). Eastern Pacific is acquiring Sovcomflot’s LNG carriers “SCF MITRE” and “ (170,200 cbm, Built STX 2015, 4 x MAN – ss 4/2025) and sister “SCF MELAMPUS” for US$ 150 million each including transfer of long term employment to Shell. Similarly the newer “SCF TIMMERMAN” and “SCF BARENTS” (170,614 cbm, Built 2021/2020 resp. Hyundai Samho) are going to Eastern Pacific as well, price US$ 200 million each, also including Shell employment. “EUPEN” (38,000 cbm, Built 1999 Mitsubishi, main eng Mitsubishi – next ss 1/2024). Latsco is selling LPG carrier “HELLAS SERENITY” (80,791 cbm, Built 2008 Hyundai H.I – ss 8/2023) to Indonesians for US$ 47.5 million.
Containers:
MSC is paying US$ 70 million for “XIN FENG YANG PU” (5,089 TEU, 68,383 dwt, Built 2006 Hanjin, gearless, MAN-B&W) The Chinese sellers were paid US$ 7.2 million for the vessel back in 2017.
Owners of “MSC PARIS” (8,204 TEU, 102,761 dwt, Built 2006 Hyundai H.I – ss 1/2021) have sold her for US$ 31 million including a timecharter to MSC until early 2025.
Euroseas is buying two Seaspan vsls at discounted prices reflecting below market rates on existing employment attached to the vessels, “SEASPAN MANILA” (4,248 TEU, 50,869 dwt, Built 2007 Samsung) and “SEASPAN MELBOURNE” (Built 2005) – price US$ 37 million en bloc. For comparison, a sister “CHESAPEAKE BAY” (Built Samsung 2003) was sold back in January for US$ 55 million; she is two years older than the Seaspan vessels.
CMA CGM paid around US$ 40 million for “STELLAR WINDSOR” (1,708 TEU, 21,419 dwt, Built 2009 Imabari – ss 12/2019). Mount Street is the buyer of “SMILEY LADY” (1,730 TEU, 23,075 dwt, Built 1999 Szczecin ) – price US$ 20 million. Briese Schiffahrts has sold their “NORDEROOG” (1,402 TEU, 16,921 dwt, Built 2004 Shandong Weihai – ss 11/2024) to MSC for US$ 21 million.
NEWBUILDING:
LR2 tankers – four option two of 115,000 dwt ordered by Navios Maritime Partners at a shipbuilder believed to be K Shipbuilding. Price US$ 58.5 million each plus extras of US$ 4.2 million per vessel. The two first vessels, due in 2024 are chartered to Chevron for 5 years at US$ 25,576 per day plus five one-year options.
Cont 8,000 TEU – CMA-CGM has contracted eight with LNG dual fuel at Hyundai H.I., price US$ 120 million per vessel, 2,800 TEU – options for two at Hyundai Mipo declared by Euroseas, delivery 4Q 2024, price US$ 86 million each,1,100 TEU – four ordered from Wuchang by CA Shipping, deliveries 2023, price US$ 23 million apiece. 13,000 TEU – Ocean Network Express (ONE) has ordered two batches of five vessels at excess US$ 160 million each, split between Imabari and Hyundai H.I., five each. Deliveries will commence from SH 2024. 7,700 TEU – four option four LNG dual-fueled units contracted by Seaspan at K Shipbuilding for deliveries 2024-2025. Price reg. US$ 125 million apiece. 1,800 TEU – an order for ten of this size has been at placed by SITC at Huanghai Shipbuilding, deliveries commencing FH 2024, unit price reg. US$ 30 million.
Ultramax – one 64,000 dwt Ultramax ordered by Globus Maritime, Greece from Nihon Shipyard for delivery FH 2024, price US$ 37.5 million. two of 64,000 dwt ordered by Globus Maritime at Nacks, US$ 35.15 million per vessel for deliveries SH 2024. This follows the same Owners’ recent order for one Ultramax from Nihon Shipyard, Japan – price US$ 37.5 million.
Handymax – Namura has won an order from Taiwan Navigation for two 40,000 dwt log-fitted handymax types, price US$ 32.2 million each, delivery SH 2024. Meadway Shipping has ordered two from Namura as well. Delivery 3Q 2024, price undisclosed.
PCTCs – Mitsui OSK has contracted four PCTC types with 7,000 CEU capacity, two from Nihon Shipyard and two from Shin Kurushima. The vessels will be LNG fuelled with deliveries 2024 & 2025.
LNG – multiple orders placed by various Owners on the back of charters from Petronas, Malaysia:
– 3 x 180,000 cbm at Samsung for H-Line, Korea – US$ 224.5 million each – 1/2026
– 3 x 180,000 cbm at Samsung for TMS Cardiff Gas – US$ 230.7 million each – 3/2006
– 2 x 174,000 cbm at Hyundai H.I. for SK Shipping, Korea – US$ 222.5 million each – 2025+
– 2 x 174,000 cbm at Hyundai Samho for SK Shipping, Korea – US$ 222.5 million each – 2025+
– 4 x 174,000 cbm at Hudong Zhonghua for K-Line, Japan – price tba
LNG 174,000 cbm – CNOOC has ordered twelve of these at Hudong Zhonghua. Deliveries stretching from 2024 through 2027, price US$ 201.6 million per vessel
DEMOLITION:
Tankers:
“LYDIA” LDT 24,520 DWT 164,274 2002 Price/ldt: tba, Delivery Pakistan
“SAAVI” LDT 22,349 DWT 147,467 1995 Price/ldt tba,Delivery Pakistan
“ODYSSEY” LDT 24,901 DWT 164,286 2002 Price/ldt tba,Delivery Pakistan
“MASCOT 8” LDT 16,616 DWT 107,261 1998 Price/ldtUS$ 640 Delivery as is Singapore (incl. about 250 tons bunkers) gas free for hot work
Bulkcarrier:
“HL RICHARDS BAY” LDT 18,109 DWT 149,350 1997 Price/ldt tba, Delivery S, Korea or (eventually India for HKC green recycling) Singapore