Fearnleys Weekly - Newbuilding

General comment

Some activity in Korea and Japan this week. BW secured 6+2 LR2 tankers at Daehan. Delivery is scheduled in 2020. In addition, JMU received a single VLCC while Kawasaki received an order for a single VLGC. Finally, the Statoil Shuttle tender was concluded, resulting in two Afra sized Shuttle tankers at SHI placed by AET.

Activity level

Tankers Dry Bulkers Others
Moderate Low 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 44.00 44.00 41.00 44.00
Kamsarmax 82'dwt 25.00 25.00 23.00 25.50
Ultramax 64'dwt 23.00 23.00 21.00 23.00
LNGC 170'cbm - MEGI 184.50 184.50 184.00 184.50

Newbuilng contracts

Type No Size Yard Buyer Del Price Comm
Shuttle 2 125,000 dwt SHI AET 2019
MT 1 310,000 dwt JMU Kyoei Tanker 2020
PC 6 115,000 dwt Daehan BW 2020 +2 options
LPG 1 82,000 cbm KHI Kumiai Nav 2020