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Newbuilding activity lacklustre, but second hand ships sales rather Vivid - Allied Shipbroking

Logistic News - Published on Thu, 18 Apr 2019

Image Source: SteelGuru
With Easter Holidays expected to dominate a large part of the ship owning community in the next couple of weeks, newbuilding activity appears to have slowed down, compared to the past couple of weeks. In its latest weekly report, shipbroker Allied Shipbroking said that it was “a rather mediocre week for the newbuilding market in terms of activity, with just a handful of fresh orders coming to light these past few days. The increased level of uncertainty being expressed by most market players across all the main sectors continues to derail interest for fresh orders. Given its vulnerability to the ups and down noted in the freight market, as well as the tighter finance conditions, it seems self evident and of little surprise if this trend continues on for most of the first if not the second half of the year.”

Allied said “Now, more specifically, for the dry bulk sector, we noted a fairly interesting week (or at least more interesting than the week prior), with a good flow of new order being placed, especially for the Kamsarmax size (which has shown increased new ordering appetite amongst owners this year). Things on the tanker side were relatively subdued, with the market still struggling to sustain a more stable sentiment as to the future prospects.”

In a separate newbuilding note, shipbroker Banchero Costa added that “In the dry segment, ICBC placed an order for 4 additional Kamsarmax at COSCO Yangzhou. Vessels will be SDARI design 82,000 dwt. In Japan, 2 x Ultramax (around 66,000 dwt) were signed by Doun Kisen at Mitsui for delivery end 2020 and beginning 2021. Furthermore, Hakodate received an order from Kobe Shipping and Sato Steamship with delivery during October 2020 and January 2021. In the gas sector, NYK Lines has ordered a 174,000cbm LNG carrier at Hyundai Samho with delivery during July 2022. She has secured an employment for 20 years from Edison Utility. In the tanker segment, Greek Owners Pantheon Tankers has signed a letter of intent for 2 + 2 (optional) Aframax tankers with delivery in 2021 at Shanghai Waigaoqiao. Price to be around $44 mln. Finally, Japan’s Shoei Kisen Kaisha exercised the option for 4 additional 11,000 TEUs units at Imabari for delivery 2022, in agreement with YANG Ming Marine Transport that will charter them for a long period.”

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Posted By : Rabi Wangkhem on Thu, 18 Apr 2019
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