Saturday, November 14, 2009

Sale and Purchase Market Report for the Week Ending 13.11.2009

 

 

Sale and Purchase Market Report for the Week Ending 13.11.2009

==============================================================

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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