Saturday, October 9, 2010

Sale and Purchase Market Report for the Week Ending 08.10.2010

The big news this week was that the Export-Import Bank of China has signed (for
the first time) loan agreements with a number of Greek shipowners. Otherwise,
there was plenty of activity in the Sale and Purchase market with a number of
older bulkers fetching very firm prices.


In the newbuilding sector it has been reported that Zodiac Maritime has placed
an order for ten 13,000 teu container ships at STX Offshore & Shipbuilding for
an estimated Usd 120/125 m each.


The demolition market has also been very firm with the 17406 ldt cape 'Swift
Resolute' fetching an above market Usd 460 per ldt from Chinese scrap Buyers.


Name Type Dwt Blt Price Buyer
----------------------------------------------------------
Ata Cape 194,226 85 USD 12.50 M China
Konmax Pmax 73,900 00 USD 31.50 M Undisclosed
Haoning Glory Hmax 45,208 94 USD 21.70 M Auction Hong Kong
Assimina Hmax 41,096 84 USD 9.30 M Indonesia
Albatross Hmax 40,507 81 USD 5.25 M Undisclosed
New Sailing Star Hmax 32,000 10 USD 24.50 M Undisclosed
Pantanassa Hndy 31,774 83 USD 5.50 M China
Friendship Hndy 29,135 84 USD 6.20 M Greece
Clipper Mermaid Hndy 27,000 01 USD 19.00 M Undisclosed
Thor Confidence Hndy 24,900 83 USD 4.00 M Undisclosed
Seven Seas Hndy 24,290 96 USD 14.00 M Europe
William Hndy 23,829 95 USD 14.30 M Lebanon
Zenobia Hndy 21,339 84 USD 4.60 M East Mediterranean

Swan 4706teu 61,489 95 - Greece
Lautan Mas 1308teu 22,210 92 - Greece
Sinar Bontang 932teu 11,810 02 USD 14.00 M Argentina

Frio Nikolayev Reef 5,290 93 USD 5.00 M Russia
Eurofrost Reef 5,250 91 USD 5.00 M Russia

Genmar Victory Vlcc 316,000 01 USD 72.00 M Norway incl 5 years bbb
Genmar Vision Vlcc 316,000 01 USD 72.00 M '' '' '' ''
Morning Glory III Afra 84,991 96 USD 14.00 M Greece
Payal Tank 37,000 07 USD 30.00 M Undisclosed
Samho Freedom Tank 17,000 09 - Undisclosed
Golden Georgia Tank 16,337 96 USD 6.00 M Far East
Aegean Force Tank 6,679 80 USD 1.10 M Undisclosed

Demolition
==========
Ireex Bulk 5615/LDT 78 USD 475.00/ton India
Grand Fortune Bulk 5404/LDT 71 USD 370.00/ton China
Swift Resolute Bulk 17406/LDT 82 USD 460.00/ton China (incl 1600t ifo rob)
Vilyandi Roro 6015/LDT 78 USD 470.00/ton India
Alf Armar Tank 2600/LDT 85 USD 475.00/ton India (incl 50t st steel)
Orange Star Tank 7128/LDT 76 USD 485.00/ton India (incl 230t st steel)


(All details given in good faith but without guarantee)

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