The bulk of the newbuilding orders positioned thus far in 2022 seems to be for LNG and container ships, which provide fairly constructive funadmentals for the time being. In its newest weekly report, shipgroker Allied Shipbroking mentioned that “the shipbuilding market continued to indicate momentum for one more week, given the agency variety of recent initiatives coming to mild. This, on the similar time, may be seen as a mere reflection of the fervent containership market, with quite a few orders being positioned as of late. Furthermore, provided that we see shopping for urge for food being distributed amply throughout the totally different dimension segments of various specs, we are able to count on this market to proceed supporting the general shipbuilding market within the close to time period. However, the dry bulk sector appeared softened as of late, that got here as a slight shock (to some extent), given the latest development from the aspect of earnings and the final bullish sentiment surrounding this explicit market. It appears as if, that we are able to anticipate some attention-grabbing offers showing on the horizon. In different core sectors, the tanker market appeared sluggish as nicely, with simply a few new orders for smaller dwt models being reported”.
In a separate notice, Banchero Costa added that “LNG and container orderbooks proceed to develop, filling the headlines of our NB report this week as nicely, with rising costs and later deliveries. Within the container market, extra feeder was ordered, once more Korean yards acquired the desire. Hyundai Mipo acquired 3 x 1800 teu feeder priced at $34.4 mln from Euroseas, supply 1H 2024 and a couple of x 1800 teu at related value of $34.6 mln by EPS for similar supply 1H 2024.
ONE (Ocean Community Categorical) is engaged on a undertaking for 10 x 13,000 teu which can be probably be distributed equally to Imabari in Japan and Hyundai in South Korea; the deliveries are anticipated from mid 2025, no value reported for the order. LNG Korean shipyards are busy on the LNG entrance, 3 x 200,000 cbm orders have been positioned at Daewoo at a reported value of $236-237 mln vary every for supply by finish 2025. Order positioned by Enterprise World LNG. Identical constructing yard Daewoo acquired choices declared by BW LNG for two x 174,000 cbm for a value of $215 mln foundation dely finish 2025, pulling the agency order to a complete of 6 models”, the shipbroker famous.
In the meantime, within the S&P market, Allied mentioned that “on the dry bulk aspect, issues shifted in the direction of a stronger tempo as of the previous week, given the honest variety of models altering arms. Occupied with the final bullish sentiment characterizing the marketplace for a chronic interval now, this has come hardly as a shock. At this level, we see although that exercise is targeting the smaller dimension segments, particularly for Handysize vessels.
This, on the similar time, appears attuned from the latest traits seen from the aspect of earnings. All-in-all, given the final turmoil in world markets, we might witness a extra unstable market take maintain within the close to time period. On the tanker aspect, the sluggish SnP market continued throughout the previous week as nicely, with very restricted variety of transactions coming to mild. This, alternatively, appeared inline with the latest corrections famous by way of freight charges. It’s true that the final market’s uninspiring momentum throughout the previous couple of years or so, can hardly help a extra sturdy gross sales market at this level”.
Banchero Costa added that “in dry bulk, it has been reported that undisclosed Patrons bought the M/v Jin Fan 92,500 dwt Blt Jinling at public sale for a stage of $18.62 mln. 2 Kamsarmaxes Japan blt reported offered: M/v Majestic Sky 82,000 dwt Blt 2014 Tsuneishi for $31.5 mln and M/v Azur 82,000 dwt Blt 2007 Tsuneishi reported offered for $20 mln.
Shoppers of Meadway Transport bought the Ultramax M/v Nicon Fortune 63,000 dwt Blt 2019 Shin Kashado for $36 mln. 2 previous supramaxes reported offered final week: M/v Shangrila 52,300 dwt Blt 2001 Tsuneishi reported offered for $12.75 mln and M/v Fortunate Sea 52,000 dwt Blt 2005 Yangzhou Dayang for $12 mln. Moist MR M/t Maersk Tokyo 46,000 dwt Blt 2016 Sungdong reported offered to undisclosed at $31 mln, whereas 2 x 13,000 dwt Marine Line coated M/t DL Aster 2007 and DL Violet 2008 each ble twenty first Century reported offered to Vietnamese Patrons at respectively $4.8 and 5.0 mln. Japanese financiers bought 2 x 82,400 cbm LNG Carriers. Vessels are blt in Daewoo 2015, scrubber fitted. The acquisition relies on 9 yrs constitution again with buy possibility from yr 2025 on bb foundation. Buy value is $70 mln per unit”, the shipbroker concluded.
Nikos Roussanoglou, Hellenic Transport Information Worldwide