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SaleandPurchaseHellasS&PWeeklyBulletin22May2020Page1of3VESSELDWTBLTDETAILSSS/DDPRICEBUYERCAPEBALTIC177,5362005MITSUIMAN-B&W6S70MCSS11/20DD11/20RGNUSD10.
7MU/DSWIFTNES35,5102015TSUNEISHICEBUMAN-B&W6S50ME-B8.
34x30TBWTSfittedSS08/20DD08/20RGNUSD26MENBLOCGREECE(c/oERASMUS)SHARPNESS35,510SS06/20DD06/20SAMPANTHER33,3952010ORIENTMAN-B&W6S42MC4x30TSS11/20DD11/20USD6.
9MU/DBULKCARRIERSTANKERS–CHEMICALS–LPG/LNGsVESSELDWTBLTDETAILSSS/DDPRICEBUYERCIELODIGUANGZHOU38,7882006GSIMAN-B&W6S46MC-CIMOIII,Epoxy,10PumpsSS01/21DD01/21USD8.
8MU/DSaleandPurchaseHellasS&PWeeklyBulletin22May2020Page2of3AcoupleofVLCCorderstoreportthisweek,withClientsofCentralShippingunderstoodtohaveorderedtwofirm300,000dwtscrubberfittedVLCCsatHHIwithdeliverywithinthefirsthalfof2022.
ItwasalsoannouncedthatChinaMerchantshavereturnedtoDalianShipbuildingandorderedtwofurther307,000dwtVLCCsfordeliverywithinthesecondhalfof2022.
Havingbeenunderdiscussionforsometime,Chinese-PolishJointStockShipping(Chipolbrok)havefinalisedordersatChengxiforfourfirm62,000dwtMPPsfordeliveryfromend2021.
RECYCLINGSoldieringOn!
TheweekhasonceagainendedwithlockdownextensionsannouncedacrosstheIndianSub-continent,withBangladeshannouncingfurthermeasuresuntilthe30thofMay,Indiauntil31stMayandPakistanuntil2ndJune.
Despitethis,wearestartingtoseeaneasingofrestrictionslocallyfortheShipRecyclingindustry,whereafewvesselshavenowbeenbeachedduringthelockdowninbothIndiaandBangladesh.
ItisimportanttostresshoweverthattheyhadIndiancrewonboardenablingthemtobeeasilyrepatriatedhomeoverland,whichiswhyvesselswithforeigncrewonboardarestillencounteringdifficultiesduetointernationalflightsremainingclosedfromthispartoftheworld.
Itdoeshoweverfeellikethereisanimprovementinmarketsentiment-wedoseemtoseemoreenquiryfromCashBuyers,butwewillhavetowaitandseeifthisfullymaterializestothewaterfront,astherespectiveGovernmentswillmostlylikelycontinuetheirfulllockdownrestrictionsuntilaftertheEidholidays.
Thereafter,andintraditionalfashion,wehaveseasonallywitnessedthemarketreboundpostEidholidaysandthepre-monsoonmonths,beforetherainsincapacitatethefunctioningoftherecyclingyards,howeverwiththisyearbeingratherextraordinary,wewillwaitandseehowthemarketsreactafterthefestivitiesifindeed,thesethreesub-continentalcountriesrelaxtheirlockdownfully.
MovingtoTurkey,whilstthelockdowncontinuestohamperactivitieswithonlythosevesselsundertowbeingallowedtoentertherecyclingyards,itisinterestingtoreportthatweareseeingpricelevelslocallystartingtocreepbackupafteraninitialfallduetotheCovid-19pandemic.
Itisreportedthatdomesticsteelpriceshaveimprovedaidingrenewedappetitefromtherecyclingyards.
Althoughasapreviouslyraisedconcern,thecapacityforEUflagged/ownedtonnageinTurkeyisstartingtofilluprapidlywithtwooutofthefouryardsthatareEUapprovedstatingtheyarebasicallyfulluntiltheendoftheyear.
DespitemuchtalkfromcertainauthoritiesstatingthereissufficientcapacityforEUflaggedvessels,thisisquiteapparentthatsomemisinformationisbeingprovidedtocertainsources-itisleavingOwnerstradinginEUwatersorunderEUflagwithverylittleoptionsindeedshouldtheyneedtorecycletheirunits.
ThisissettobeanareatokeepacloseeyeoninthecomingmonthsaheadastheeconomicimpactfromthisCovid-19outbreakstartstobefeltmoreseverelyandputOwnersundermorefinancialpressure.
-FollowingthedevastationthisweekintheBangladesh/EastCoastIndianregioncausedbyCycloneAmphan,thisisthelastthingtheseareasneededinlightoftheCovid-19virus,andourthoughtsandprayersgoouttothoseaffectedbythisdisasterandhopesomenormalitywillreturnsoon.
DEMOLITIONBULKCARRIERS–GCs-MPPsVESSELDWTBLTDETAILSPRICEBUYERTANKERS–CHEMICALS–LPGsVESSELDWTBLTDETAILSPRICEBUYERNEWBUILDINGBALTICINDEXEXCHANGERATEBUNKERPRICESBDI498+4EURO/USD1.
09632BUNKERSROTTERDAMSPOREFUJAIRAHBCI162-18YEN/USD0.
00929VLSFO241.
50266.
50271.
00BPI635+12BRENTIFO380192.
50210.
50192.
50BSI486+833.
78MGO276.
00311.
00381.
50SaleandPurchaseHellasS&PWeeklyBulletin22May2020Page3of3ContactsClarksonsPlatou(Hellas)Ltd.
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