Sale and Purchase Market Report for the Week Ending 13.11.2009
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As the dry bulk market continues its upward movement prices are also being
affected. Demand for older tonnage has risen and handymaxes like 'Ulcas'(42,244
dwt/Blt 85), 'World Trader I'(41,796 Dwt/Blt 86) and 'Marybelle'(42,569 dwt/Blt
87) have achieved very firm prices. In the wet market the modern MR's
'Gan-Venture'(46,600 Dwt/Blt 06) and 'Gan-Voyager'(Blt 07) have been sold for
Usd 53 M en bloc.
In the newbuilding sector according to reports three 36,000 dwt bulkers ex
South Korean shipyard Hyundai Mipo have been sold for Usd 30 Mill each. It came
also to light that an order for six 80,000 dwt bulkers has been placed at the
Chinese shipyard Yangfan for a total cost of Usd 240 M.
Demolition prices in the Indian sub-continent have improved with bulkers being
now sold at around Usd 300 per LDT and tankers between Usd 330 and Usd 345.
Name Type Dwt Blt Price Buyer
-------------------------------------------------------
Iguana Pmax 70,349 96 USD 23.75 M Undisclosed
Paschalis Pmax 69,171 84 USD 7.40 M China
Sun Harvest Pmax 64,714 82 USD 3.90 M China
Cape Courage Pmax 63,770 82 USD 4.50 M Undisclosed
Marybelle Hmax 42,569 87 USD 10.80 M Turkey
Sanko Rejoice Bulk 42,529 94 USD 14.50 M Undisclosed
Sanko Rose Bulk 42,529 95 USD 14.50 M Undisclosed
Sanko Reliance Bulk 42,529 95 USD 14.50 M Undisclosed
Ulcas Hmax 42,244 85 USD 8.50 M Undisclosed
World Trader I Hmax 41,796 86 USD 8.90 M China
Seaboxer II Hmax 41,525 83 USD 5.50 M Greece
Silver Sen Hmax 41,454 82 USD 5.10 M HK
Scanda Hmax 40,187 90 USD 8.90 M Undisclosed
Moon Sea Hndy 38,313 84 USD 6.50 M Undisclosed
Broadgate Hndy 35,287 84 USD 6.00 M Undisclosed
Nord Sincere Hndy 28,050 08 USD 25.00 M China
Borkum Bulk 18,355 94 USD 9.00 M Undisclosed
Marcatania 1687teu 23,150 94 USD 4.50 M Auction
Spring Canary Roro 8,125 95 USD 5.00 M Undisclosed
Cape Balboa Tank 164,000 02 USD 51.50 M USA
Maersk Privilege Tank 105,483 03 USD 44.00 M Undisclosed
Gan-Voyager Tank 46,600 07 USD 53.00 M Undisclosed en bloc
Gan-Venture Tank 46,616 06 USD '' '' ''
Sunny Falcon Tank 6,174 90 USD 3.00 M Vietnam
Cape Conway Twee 22,312 85 USD 4.45 M China
Demolition
==========
Madre Bulk 7923/LDT 83 - India
Al Waaliyu Bulk 8250/LDT 77 USD 300.00/ton Pakistan
Minoan Hope Bulk 10749/LDT 82 USD 310.00/ton Pakistan
Graceful Zhejiang Bulk 17370/LDT 86 USD 298.00/ton Bangladesh
Islas Uno Bulk 72 USD 175.00/ton Turkey
Lys Cont 80 USD 280.00/ton India
Oel Excellence Cont 85 -
Oel Enterprise Cont 85 -
Pyrihios Tank 6194/LDT 91 USD 345.00/ton Bangladesh
Keystone Texas Tank 10532/LDT 81 USD 375.00/ton India (1000t fuel ROB)
Captain Gurbachan-
Singh Salari Tank 13124/LDT 84 - Bangladesh
'as is' Kakinada
Company Havildar-
Major Piru Singh Tank 84 USD 292.20/ton Bangladesh
Halden Tank 89 USD 332.00/ton Bangladesh
(All details given in good faith but without guarantee)
Vogt and Maguire Shipbroking Ltd/Varenco Pty Ltd
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