Monthly Market Report

Transcription

1 Secondhand Market page 1/2 Overview of S&P Activity page 1 Top Ranking of Buyers page 1 S&P Activity Statistics page 2 Greek Presence page 2 Chinese Presence page 2 Demolition Market page 3/4 Overview of Demo Activity page 3 Top Ranking of Demo Countries page 3 Demo Activity Statistics page 5 Demo Activity-Countries page 4/5 Pakistan /India/Bdesh page 4 China page 5 Special Feature-Dry Period page 6/7 Bulk Carriers Fixture Activity Capesize page 6 Post Panamax page 6 Kamsarmax page 6 Panamax page 6 Supramax page 7 Handymax page 7 Handysize page 7 Total Fixture Activity page 7 Freight Market Performance page 8/9 Dry Market - Charts Baltic Dry Indices page 8 BDI & TC Average Earnings page 8 Tanker Market - Charts Baltic Tanker Indices page 9 Summary of Baltic Indices page 9 Summary of Baltic TC Avg. Earnings page 9 SECONDHAND MARKET DEMOLITION MARKET BULK CARRIERS PERIOD MARKET FREIGHT RATES BALTIC INDICES GRAPHICAL ANALYSIS OF BALTIC INDICES Monthly Market Report Issue February 2019 All the information contained in this report is given in good faith, but without any guarantee from our part, and is based on our S&P Market Reports and Insight Market Information provided and/or collected from various sources. This report is presented for the sole and exclusive information of its recipients and whilst every care has been taken in the preparation of this report, no representation or warranty, express or implied, is made by Golden Destiny S.A. in respect of the accuracy, completeness or correctness of the information contained herein. Neither our company nor its directors or employees assumes or accepts any liability whatsoever for any loss or damage incurred by any person whatsoever in relation to and/or as a result of the use of and/or due to any person s reliance on the information contained in this report. Furthermore, no responsibility is accepted in respect of any errors or inaccuracies which may be contained in this report. 0

2 SALE & PURCHASE - MARINE INSURANCE - SHIP VALUATIONS - MARKET RESEARCH GOLDEN DESTINY RESEARCH SERVICES WEEKLY PUBLICATIONS: Weekly S&P Market Report MONTHLY PUBLICATIONS: Monthly S&P Market Report Monthly Newbuilding Market Report ANNUAL PUBLICATIONS: Annual S&P Statistics for the pace of shipping investments SPECIAL EDITIONS: Weekly S&P Market Trends Other Reports / Analysis concerning the outlook of Secondhand / Demolition / Newbuilding Transactions Website: Research & Valuations: snv@goldendestiny.com Sale & Purchase: snp@goldendestiny.com Marine Insurance: marins@goldendestiny.com GOLDEN DESTINY PIRAEUS: 57 AKTI MIAOULI TEL: FAX:

3 SECONDHAND MARKET - Overview of S&P Activity Top Ranking of Buyers No. of Vessels Changed Hands Feb Previous Month m-o-m Feb-18 y-o-y % % Average Age of Vessels Sold (in Total): 13 yrs old built 2006 Total Invested Capital: 665,560,000 S&P deals reported at an undisclosed sale price: 18 Average Dwt Sold: 53,972 Bulkers -55% m-o-m -50% y-o-y Average Age of Vessels Sold: S&P deals reported at an undisclosed sale price: 12 yrs old built Total Invested Capital: 235,650,000 Units: 20 Average Dwt Sold: 73,264 Tankers -40% m-o-m 45% y-o-y Total Invested Capital: 319,800,000 Average Age of Vessels Sold: 14 yrs old built 2005 Units: 29 S&P deals reported at an undisclosed sale price: 9 Average Dwt Sold: 58,595 Containers -56% m-o-m -81% y-o-y Total Invested Capital: 27,600,000 Average Age of Vessels Sold: 14 yrs old built 2005 Units: 7 S&P deals reported at an undisclosed sale price: 3 Average Dwt Sold: 77,612 Secondhand Buying Trends (S&P Activity Reported per Vessel Size - Current Month) Bulkers No. of S&P deals Average Dwt Average Built VLOC Newcastlemax Capesize 1 180, Post Panamax 2 96, Kamsarmax 2 82, Panamax 6 75, Ultramax 2 61, Supramax 5 53, Handymax 1 46, Handysize 1 36, Handy Small Tankers No. of S&P deals Average Dwt Average Built VLCC 1 298, Suezmax 2 158, Aframax 2 109, Panamax 3 74, MR/Handymax 13 43, Handy 2 23, Small 6 5, Containers No. of S&P deals Average Dwt Average Built ULCV 2 200, Neopanamax Post-Panamax Panamax 1 81, Feedermax Feeder 3 18, Small feeder 1 6, Page 1

4 SECONDHAND MARKET S&P Activity (No of Units Changed Hands, Dwt, Invested Capital) Greek Presence (No of Vessel Purchases, Dwt, Invested Capital) Chinese Presence (No of Vessel Purchases, Dwt, Invested Capital) S&P Activity (Secondhand Market) Vessel Type Units Dwt ($) Invested P&C Auction Units %m-o-m Units %y-o-y Bulk Carriers 20 1,465, ,650, % 40-50% Tankers 29 1,699, ,800, % 20 45% Gas Tankers 3 33,730 53,000, % 5-40% General Cargo/MPP % 7-100% Containers 7 543,287 27,600, % 37-81% Reefers Passenger/Cruise % 3-100% Ro-Ro 1 10, Car Carrier Combined Special Projects 10 25,653 29,510, % 13-23% 70 3,778, ,560, % % GREEK PRESENCE 9% share to the total S&P Activity Vessel Purchases (Secondhand Market) Vessel Type Units Dwt ($) Invested P&C Auction Units %m-o-m Units %y-o-y Bulk Carriers 2 116,685 34,600, % 9-78% Tankers % 2-100% Gas Tankers % General Cargo/MPP Containers 3 123,119 26,500, % 3 0% Reefers Passenger/Cruise % 1-100% Ro-Ro Car Carrier Combined Special Projects 1 1, ,140 61,100, % 16-63% CHINESE PRESENCE 9% share to the total S&P Activity Vessel Purchases (Secondhand Market) Vessel Type Units Dwt ($) Invested P&C Auction Units %m-o-m Units %y-o-y Bulk Carriers 4 259,312 21,600, % 10-60% Tankers 1 298,641 24,750, % 2-50% Gas Tankers % 0 General Cargo/MPP % 2-100% Containers 1 13, % 3-67% Reefers Passenger/Cruise Ro-Ro Car Carrier Combined Special Projects % 6 571,053 46,350, % 19-68% Page 2

5 DEMOLITION MARKET - Overview of Demo Activity Top Ranking of Demo Countries Feb-19 Previous Month m-o-m Feb-18 y-o-y No. of Vessel Demolitions % 53-34% Average Age of Vessels Scrapped: 30 yrs old built 1989 Total Deadweight: 1,707,824 Average Dwt : 48,795 Bulkers 29% m-o-m 125% y-o-y Total Deadweight: 802,895 Units: 9 Average Age of Vessels Scrapped: 32.9 yrs old built 1986 Average Dwt : 89,211 Tankers -50% m-o-m -81% y-o-y Total Deadweight: 107,163 Units: 4 Average Age of Vessels Scrapped: 29 yrs old built 1990 Average Dwt : 26,791 Containers -25% m-o-m 29% y-o-y Total Deadweight: 308,680 Units: 9 Average Age of Vessels Scrapped: 21 yrs old built 1998 Average Dwt : 34,298 Demolition Trends (Scrapping Activity Reported per Vessel Size - Current Month) Bulkers No. of Demolitions Average Dwt Average Built VLOC Newcastlemax 1 250, Capesize 3 157, Post Panamax Panamax Handymax Handysize Handy 4 17, Small 1 8, Tankers No. of Demolitions Average Dwt Average Built VLCC Suezmax Aframax Panamax MR/Handymax 2 43, Handy 1 13, Small 1 6, Containers No. of Demolitions Average Dwt Average Built ULCV Neopanamax Post-Panamax Panamax 1 66, Feedermax 2 48, Feeder 6 24, Small feeder Page 3

6 Demo Activity (No of Units Demolished, Dwt) per vessel type Demo Activity per Demolition Country (Bangladesh, India) DEMOLITION MARKET Demo Activity (Demoltion Market) Vessel Type Units Dwt Units %m-o-m Units %y-o-y Bulk Carriers 9 802, % 4 125% Tankers 4 107, % 21-81% Gas Tankers % 2-100% General Cargo/MPP 1 43, % Containers 9 308, % 7 29% Reefers % 2-100% Passenger/Cruise 1 3, % 0 Ro-Ro 4 32, % 3 33% Car Carrier Combined Special Projects 7 410, % 13-46% 35 1,707, % 53-34% India 17% share of total Demo Activity Vessel Type Units Dwt Units %m-o-m Units %y-o-y Bulk Carriers 2 268, % Tankers % 3-100% Gas Tankers % General Cargo/MPP Containers 2 47, % 2 0% Reefers % Passenger/Cruise Ro-Ro 1 15, % 1 0% Car Carrier Combined Special Projects % 10-90% 6 332, % 19-68% Bangladesh 37% share of total Demo Activity Vessel Type Units Dwt Units %m-o-m Units %y-o-y Bulk Carriers 6 363, % 1 500% Tankers 2 86, % 6-67% Gas Tankers % 0 General Cargo/MPP % Containers 3 110, % 2 50% Reefers % 0 Passenger/Cruise Ro-Ro 1 2, % 1 0% Car Carrier Combined Special Projects 1 46, % 1 0% , % 12 8% Page 4

7 Demo Activity per Demolition Country (Pakistan, China) Pakistan 9% share of total Demo Activity Vessel Type Units Dwt Units %m-o-m Units %y-o-y Bulk Carriers % Tankers 1 13, Gas Tankers General Cargo/MPP Containers Reefers Passenger/Cruise 1 3, Ro-Ro Car Carrier Combined Special Projects % , % 2 50% DEMOLITION MARKET China 0% share of total Demo Activity Vessel Type Units Dwt Units %m-o-m Units %y-o-y Bulk Carriers Tankers % Gas Tankers General Cargo/MPP Containers % Reefers Passenger/Cruise Ro-Ro Car Carrier Combined Special Projects % Page 5

8 SPECIAL FEATURE DRY PERIOD MARKET Bulk Carriers Fixture Activity ( No. of Fixtures per vessel size /age and type of fixture period) CAPESIZE / POST PANAMAX/ KAMSARAMAX / PANAMAX BULK CARRIERS FIXTURE ACTIVITY IN FEBRUARY 2019 CAPESIZE (120, ,999 DWT) - PER VESSEL'S AGE UP TO 5YRS UP TO 10YRS UP TO 15YRS POST PANAMAX - PER VESSEL'S AGE UP TO 5YRS UP TO 10YRS UP TO 15YRS KAMSARMAX - PER VESSEL'S AGE UP TO 5YRS UP TO 10YRS UP TO 15YRS ULTRAMAX/PANAMAX (60,000-76,999 DWT) - PER VESSEL'S AGE UP TO 5YRS UP TO 10YRS UP TO 15YRS UP TO 20YRS Page 6

9 SPECIAL FEATURE DRY PERIOD MARKET Bulk Carriers Fixture Activity ( No. of Fixtures per vessel size /age and type of fixture period) SUPRAMAX / HANDYMAX/ HANDYSIZE SUPRAMAX (50,000-59,999 DWT) - PER VESSEL'S AGE UP TO 5YRS UP TO 10YRS UP TO 15YRS HANDYMAX (38,000-49,999 DWT) - PER VESSEL'S AGE UP TO 5YRS UP TO 10YRS UP TO 15YRS HANDYSIZE (22,000-37,9999 DWT) - PER VESSEL'S AGE UP TO 5YRS UP TO 10YRS UP TO 15YRS BULK CARRIERS FIXTURE ACTIVITY PERIOD MARKET - BULK CARRIERS FIXTURE ACTIVITY,FEBRUARY 2019 Previous Month N/B UP TO 5YRS UP TO 10YRS UP TO 15YRS UP TO 20YRS UP TO 30YRS Units % m-o-m >= CAPESIZE % POST PANAMAX % KAMSARMAX % PANAMAX % SUPRAMAX HANDYMAX % HANDYSIZE % % Page 7

10 FREIGHT MARKET PERFORMANCE DRY MARKET-BALTIC DRY INDICES-CHARTS BALTIC DRY INDEX / BALTIC CAPESIZE / BALTIC PANAMAX INDEX / BALTIC SUPRAMAX / BALTIC HANDYSIZE INDEX BDI & TC AVERAGE EARNINGS CAPESIZE / PANAMAX / SUPRAMAX / HANDYSIZE Page 8

11 FREIGHT MARKET PERFORMANCE TANKER MARKET-BALTIC INDICES-CHARTS BALTIC TANKER INDICES (BALTIC CLEAN AND BALTIC DIRTY) Summary of Baltic Indices & Average Time Charter Earnings Feb-19 Dry Current Previous Change % m-o-m Feb-18 Change % y-o-y Low High BDI 629 1, % 1, % BCI 710 2,106-1,396-66% 1, % 459 1,014 BPI 630 1, % 1, % BSI % % BHSI % % Feb-19 Wet Current Previous Change % m-o-m Feb-18 Change % y-o-y Low High Dirty-BDTI 809 1, % % Clean-BCTI % % Feb-19 Average T/C routes Current Previous Change % m-o-m Feb-18 Change % y-o-y Low High Capesize 7,111 16,212-9,101-56% 12,846-5,735-45% 5,290 8,877 Panamax 5,069 11,733-6,664-57% 10,782-5,713-53% 4,435 6,548 Supramax 6,410 10,857-4,447-41% 9,787-3,377-35% 4,837 8,329 Handy 4,721 8,914-4,193-47% 7,761-3,040-39% 4,198 5,646 Page 9