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Dry Bulk Carriers Newbuilding Orders Slowing Down - Allied Shipbroking

Logistic News - Published on Thu, 18 Jul 2019

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Despite the latest surge in the dry bulk market, ship owners seem to prefer the short-term gains, opting for second hand tonnage, rather than investing in more newbuildings. In its latest weekly report, shipbroker Allied Shipbroking said that “new ordering activity seems to have slowed for dry bulkers for now, with a mere 3 units being added to the global orderbook this past week. Interestingly enough, all 3 vessels were Capesizes, reflecting the revived appetite for this specific segment, in line somehow with the improved earnings being noted of late. With the current bullish trend being seen in the freight market, owners are likely to continue to be ever more attracted to the new ordering route. However, it will be of little surprise if we see this interest spill over to the smaller segments as well. In terms of the tanker segment, the newbuilding activity gear up seen this past week past week seems to have been overdue. The positive outlook for the tanker market as a whole has pushed buyers to act in both the crude oil and oil products segments. Last week, focus was given to Suezmaxes and Aframaxes, but with some slight activity being seen in the MR space as well.”

According to Banchero Costa’s latest weekly report, in the newbuilding market, “JMU of Japan received an order for a single bulk carrier of 211,000 dwt from NYK against 15 years TC to JFE Steel Corporation. Another single order, this time for Kamsarmax bulker of 81,600 dwt, was placed at Tsuneishi Cebu, Philippines dely mid-2021 at undisclosed price by Helikon of Greece. It was a rich week for tankers orders in general. JMU of Japan took orders also for tankers with 2 VLCC of 300,000 dwt each with undisclosed price, buyers are also unknown but apparently the order is handled locally in Japan. Enesel of Greece has agreed for 2×157,000 dwt Suezmax with Samsung HI, dely set for early 2021 at a price of USD 62.2 million each. The order brings the total of 6 Suezmax ordered by the Owners this year in South Korea. In the LR2 sector, Union Maritime of UK went to Cosco Shipping Heavy Industries for 2+2 115,000 dwt coated tankers for dely H2 2021. Yasa Shipping of Turkey has ordered 2×50,000 dwt product carriers +2 options at Hyundai Mipo, South Korea for dely early 2021. Prices are going higher and this time it was agreed USD 38 million apiece.

Nikos Roussanoglou, Hellenic Shipping News Worldwide

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Posted By : Ratan Singh on Thu, 18 Jul 2019
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