Tuesday, March 16, 2010

Sale and Purchase Market Report 12.3.10

Sale and Purchase Market Report for the Week Ending 12.03.2010
==============================================================
This week we again saw considerable activity in the sale and purchase
market,
with panamaxes and handies being the most popular sizes. Prices are heading
north and it is interesting to notice the lack of real sale candidates in
the
modern tonnage.

The attractive newbuilding prices have generated more orders for dry
tonnage.
According to reports two more 82,000 dwt kamasarmaxes have been ordered at
the
Korean shipyard SPP and two at the Korean Hyundai Mipo for a price of around
Usd 36 M each.

The demolition activity was increased compared to the previous week and the
prices remained firm. Three more single hull VLCC's have been sold to
Bangladesh, which is the most popular destination for wet tonnage.

Name Type Dwt Blt Price Buyer
-------------------------------------------------------
Sea Victory Cape 180,000 04 USD 63.00 M China
F. D. Cris De Angelis Pmax 74,500 07 USD 38.00 M India
(incl 35-37m mos tc attached at Usd 22250/d)
Pearl Seas Pmax 74,500 06 USD 38.00 M Undisclosed
Bahia Blanca Pmax 74,043 98 USD 27.80 M China
Catriena Pmax 73,829 98 USD 27.00 M Undisclosed
Glory Guangzhou Pmax 64,975 85 USD 12.00 M S.East Asia
Pax Hndy 31,850 09 USD 160.00 M Greece en bloc
Palawan Hndy 31,850 07 USD '' '' ''
Padre Hndy 31,850 08 USD '' '' ''
Patriarch Hndy 31,550 02 USD '' '' ''
Parat Hndy 31,550 03 USD '' '' ''
Patent Hndy 31,550 04 USD '' '' ''
UBC Stavanger Hndy 31,770 04 USD 23.60 M Switzerland
Eastwind Yates Hndy 29,800 10 - Undisclosed
Eastwind York Hndy 29,800 10 - Undisclosed
Costis Hndy 29,112 84 USD 5.70 M Turkey
Silvretta Hndy 29,721 03 USD 21.90 M Greece
Silvaplana Hndy 28,800 03 USD 21.90 M Greece
Sunny Royal Hndy 28,300 00 USD 19.25 M Korea
Pos Auckland Hndy 28,300 03 USD 20.60 M Greece
Armelle Hndy 26,771 84 USD 5.30 M Undisclosed
Clipper Sentosa Hndy 20,742 99 USD 13.75 M Undisclosed

Maritim Kiel 3348teu 44,585 94 USD 8.50 M China en bloc
Maritim Frankfurt 3348teu 41,570 93 USD '' '' ''
Asian Steamer 1118teu 13,760 03 USD 12.75 M Undisclosed
Vivaldi 908teu 12,750 83 USD 2.25 M Turkey
Polaris 1139teu 12,216 93 USD 8.80 M Turkey
Akrafell 1139teu 12,216 93 USD 8.80 M Turkey
Oak 1 797teu 9,866 99 USD 5.10 M Philippines

Southern Harvest Reef 8,946 90 USD 13.00 M Greece en bloc
Glorious Harvest Reef 8,830 89 USD '' '' ''
Galaxy Harvest Reef 8,800 88 USD '' '' ''

Boheme Roro 14,900 99 USD 50.00 M Singapore
(including 15yr tc at Usd 10M p/a)
Viire Roro 1,309 88 USD 4.00 M Cyprus

Miltiadis M Ii Tank 159,500 06 USD 71.25 M Undisclosed
Vijayanti Tank 31,259 98 USD 11.00 M Greece
Zoja II Tank 28,610 89 USD 8.50 M Nigeria en bloc
Zoja I Tank 28,610 88 USD '' '' ''
Lista Tank 27,892 95 USD 7.00 M Switzerland
Anna Johanne Tank 3,294 94 - Undisclosed

Territory Trader Twee 3,194 91 - Undisclosed

Demolition
==========
Khaled Muhieddine Bulk 4729/LDT 77 USD 380.00/ton Bangladesh
Atlantic Joy Bulk 2919/LDT 78 USD 352.00/ton India
Micro Bulk 4594/LDT 78 USD 380.00/ton India
Kerem Hantal Bulk 2705/LDT 69 USD 362.00/ton India
Sang Thai Lumber BULK 2317/LDT 74 USD 285.00/ton India

Primorye Maru Cont 3685/LDT 77 USD 326.00/ton China
Msc Calcutta Cont 9842/LDT 79 USD 387.00/ton India
Beauty Cont 5974/LDT 78 - China
Gati Suvidha Cont 2415/LDT 83 - Bangladesh
Zulka-1 Cont 2780/LDT 83 - Undisclosed
Borthwick Gas 77 - India
Vans Queen Roro 5432/LDT 78 USD 356.00/ton India
Menhir Roro 2520/LDT 68 - Undisclosed
Al Tahreer Tank 32025/LDT 92 USD 11.7M lumpsum Bangladesh
Al Awdah Tank 31519/LDT 91 USD 11.7M '' Bangladesh
Al Shuhadaa Tank 31440/LDT 92 USD 11.5M '' Bangladesh
Mont Ace Tank 7790/LDT 86 USD 410.00/ton India
Modec Venture 1 Tank 22350/LDT 75 USD 8.2M lumpsum Bangladesh
Bow Fighter Tank 9344/LDT 82 USD 570.00/ton India inc.600t
st/steel
Ocean Skill Tank 21464/LDT 83 USD 373.00/ton Bangladesh'as
is'Spore
Biz Tank 9415/LDT 84 - Bangladesh
Pisces 8 Tank 7200/LDT 82 - Bangladesh
Kanchana Silver Tank 2137/LDT 84 - Bangladesh
Abdurreis Twee 3990/LDT 78 USD 345.00/ton India
Al Shahd Twee 2186/LDT 69 - Pakistan
Radnor Twee 3855/LDT 75 USD 392.00/ton India
Tarpon Santiago Twee 5653/LDT 78 USD 360.00/ton China

(All details given in good faith but without guarantee)

Best regards
Vogt and Maguire Shipbroking Ltd


Vogt and Maguire Shipbroking Ltd is registered in England no. 4904031
Registered Office: 20 St. Dunstan's Hill, London, EC3R 8HL

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