Fearnleys Weekly - Newbuilding

General comment

This week we see several orders, despite national holidays in both China and Korea. Interocean made a debut for newbuildings with an order of one Kamsarmax at Yangzijiang, with one option.

Activity level

Tankers Dry Bulkers Others
Low Moderate Low

Prices

Average Far Eastern Prices
PRICES (mill usd) This week Last week Low 2017 High 2017
VLCC 300'dwt 81.00 81.00 81.00 82.00
Suezmax 150'dwt 54.00 54.00 53.00 54.00
Aframax 110'dwt 44.00 44.00 44.00 45.00
Product 50'dwt 33.00 33.00 32.00 33.00
Capesize 180'dwt 45.00 45.00 41.00 45.00
Panamax 82'dwt 25.50 25.50 23.00 25.50
Supramax 64'dwt 23.50 23.50 21.00 23.50
LNGC 170'cbm - MEGI 184.50 184.50 184.00 184.50

Newbuilng contracts

Type No Size Yard Buyer Del Price Comm
BC 4 45,000 dwt Yangzijiang Navibulgar 2019/2020 + 2 options, Ice Class 1C
BC 2 61,000 dwt DACKS Eastern Pacific 2019
BC 1 82,000 dwt Yangzijiang Interocean 2019 + 1 option
Pax 1 230 Pax Brodrene Aa Chinese owner 2019
Pax 2 300 Pax Brodrene Aa Chinese owner 2019
RoPax 2 1,100 Pax / 276 Cars Austal Fred Olsen SA 2020/2021 $74m