Saturday, October 31, 2009

FW: Sale and Purchase Market Report Vogt and Maguire Shipbroking Ltd

A relatively active week in the sale and purchase market with Buyers
focusing
mainly in handymaxes and supramaxes. Price levels have slightly reduced
compared to the prices achieved in July and August for similar tonnage. In
the
tanker sector no activity has been reported this week except four single
hull
units commited for demolition and heading to the sub continent.

Although in the newbuilding sector prices have fallen considerably the
market
remains depressed.

The demolition market has been quieter and prices have droped compared to
few
weeks ago which has also generated a number of renegotiations. Overall,
prices
for wet tonnage are ranging between USD 320 and 340 for Bangladesh and
prices
for dry tonnage are approximately 280 to 300 for Pakistan and/or India.


Name Type Dwt Blt Price Buyer
-------------------------------------------------------
Mineral Azalea Cape 170,000 99 USD 42.50 M Korea
Anna-Elisabeth Smax 55,518 08 - Undisclosed
Anna-Barbara Smax 55,100 08 - Undisclosed
Anna-Dorothea Smax 55,000 08 - Undisclosed
E. Duckling Hmax 53,587 06 USD 29.50 M Undisclosed
PL Star Hmax 53,074 03 USD 25.75 M Greece
Coral Globe Hmax 43,246 94 USD 35.00 M Russia en bloc
Sea Globe Hmax 43,246 85 '' '' '' ''
Yick Wing Hmax 42,943 83 USD 4.75 M China
Broadgate Hndy 35,287 84 USD 6.00 M Undisclosed
Imandra Hndy 32,813 85 - Undisclosed
Global Alliance Hndy 28,436 04 USD 20.75 M Russia
Clipper Lancelot Hndy 28,426 97 USD 14.25 M Undisclosed
Delta Salus Hndy 26,598 85 USD 5.30 M China
Gui Shun Bulk 18,380 79 USD 1.60 M Taiwan
Queen Stella Bulk 6,914 97 USD 5.20 M Undisclosed
Aslar Bulk 6,251 82 - Undisclosed

Freemantle Bridge 1064teu 16,567 98 USD M Undisclosed

Logan Reef 7,934 93 USD 10.00 M China (Auction Gib)
EW Snowdon Reef 6,386 84 USD 2.80 M China (Auction UK)

Thor Sailor Twee 16,248 86 USD 2.60 M Singpore

Demolition
==========
Pine Trader Bulk 7777/LDT 79 USD 270.00/ton India
EEC America Bulk 77 USD 295.00/ton Bangladesh
Gardenia Cont 80 USD 284.00/ton India
Msc Selin Roro 81 USD 282.00/ton India
Samaria Tank 11501/LDT 85 USD 330.00/ton Bangladesh
Trust Friendship Tank 17112/LDT 86 USD 330.00/ton Pakistan
Pedoulas Tank 14250/LDT 90 USD 340.00/ton Bangladesh
Produce Tank 7500/LDT 84 USD 323.00/ton Bangladesh
Front Sabang Tank 90 USD 325.00/ton Bangladesh
Thousand Sunny Twee 78 USD 250.00/ton China

(All details given in good faith but without guarantee)

Best regards
Vogt and Maguire Shipbroking Ltd / VARENCO PTY LTD

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