| NEWBUILDING |
| GENERAL COMMENT |
| With the Chinese New Year celebration taken place over the last week, the newbuilding order activity has slowed down. We do however expect the activity to accelerate over the next weeks. Interesting to notice that Cosco shipping has released a 3 year fleet renewal program sparked by the Chinese government subsidy scheme for scrapping old tonnage and replacing them with new Eco-version vessels from state owned domestic yards. Their newbuilding plan consist of abt. 100 vessels, and their order confirmed this week at CSSC Hudong for five 9400 TEU Container vessels is a part of this program. We expect prices to continue the firm trend backed on the strong demand. |
| ACTIVITY LEVEL | | Tankers | Dry Bulkers | Others | | Moderate | Moderate | Moderate | |
| Average Far Eastern Prices |
| PRICES |
| PRICES (mill usd) | This
week | Last
week | Low
2014 | High
2014 | | VLCC | 300'dwt | USD 99.0 m | USD 98.0 m | 96.0 | 99.0 | | Suezmax | 150'dwt | USD 67.0 m | USD 66.0 m | 64.0 | 67.0 | | Aframax | 110'dwt | USD 54.0 m | USD 54.0 m | 52.0 | 54.0 | | Product | 50'dwt | USD 37.5 m | USD 37.0 m | 36.0 | 37.5 | | Capesize | 180'dwt | USD 56.0 m | USD 55.0 m | 55.0 | 56.0 | | Panamax | 82'dwt | USD 31.5 m | USD 31.0 m | 30.0 | 31.5 | | Handymax | 64'dwt | USD 28.0 m | USD 28.0 m | 28.0 | 28.0 | | Prices are based on payment terms 40/60 | |
| NEWBUILDING CONTRACTS |
| Type | No | Size | Yard | Owner | Del | Mill$ | Comm | | | | BC | 4 | 64000 dwt | Chengxi | China Merchants Energy | 2017 | 26.5 | Options declared | | CO | 5 | 9400 teu | Hudong | Cosco | 2016/17 | 86.5 | | | CO | 6 | 14000 teu | HHI | UASC | 2016/17 | | Options declared | | LNG | 2 | 173000 cbm | DSME | Maran Gas | 2016 | 203 | | | MT | 3 | 320000 dwt | HHI | DHT | 2016/17 | 97.3 | | | PCTC | 2 | 8000 ceu | Tianjin Xingang | Wallenius Lines | 2016 | | Options declared | |
