Fearnleys Weekly - Newbuilding

General comment

Newbuilding activity in the Dry Bulk segment continues into the second week of 2018. 10 firm bulkers have been reported. Berge Bulk and Fredriksen have both ordered two firm Newcastlemaxes, with two options, at CSIC Bohai. RGL has also firmed up an order at Bohai, for one Newcastlemax. TMS Cardiff Gas and Sovcomflot have both ordered a LNG carrier at Hyundai on the back of a Total time charter. It is also reported that TMS Cardiff Gas booked two LNGCs on top of the first.

Activity level

Tankers Dry Bulkers Others
Weak Moderate Moderate

Prices

Average Far Eastern Prices
PRICES (mill usd) This week Last week Low 2018 High 2018
VLCC 300'dwt 82.00 82.00 82.00 82.00
Suezmax 150'dwt 55.00 55.00 55.00 55.00
Aframax 110'dwt 44.50 44.50 44.50 44.50
Product 50'dwt 33.50 33.50 33.50 33.50
Capesize 180'dwt 45.00 45.00 45.00 45.00
Kamsarmax 82'dwt 26.00 26.00 26.00 26.00
Ultramax 64'dwt 24.00 24.00 24.00 24.00
LNGC 170'cbm - MEGI 184.50 184.50 184.50 184.50

Newbuilng contracts

Type No Size Yard Buyer Del Price Comm
BC 3 81,500 dwt Penglai Zhongbai Jinglu Lavinia + 1 option
BC 2 82,000 dwt Huangpu Wenchong Seacon Shipping 2019
BC 2 208,000 dwt CSIC Bohai Berge Bulk 2020 + 2 options / Tier II
BC 2 208,000 dwt CSIC Bohai Fredriksen Group 2019 + 2 options / Tier II
BC 1 208,000 dwt CSIC Bohai RGL 2020 Tier II
Ferry 1 3,000 gt / 199 PAX / 60 Cars Vard Brevik Boreal 2019
LNGC 3 174,000 cbm Hyundai TMS Cardiff Gas
LNGC 1 174,000 cbm Hyundai Sovcomflot
VLGC 2 84,000 cbm Jiangnan Fortune Oil