Fearnleys Weekly - Newbuilding

General comment

Some bulker activity this week with Bulgarian owner, Navibulgar, placing 4+2 Handysize bulker orders at Chengxi shipyard, no price reported. In addition, Greek owner Pleiades returns to Namura for a pair of Kamsarmax bulkers. The 84kdwt vessels have been reported with USD 27.5 million price tag.

Activity level

Tankers Dry Bulkers Others
Low Slower 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
Panamax 82'dwt 25.00 25.00 23.00 25.50
Supramax 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
BC 2 45,000dwt Chengxi Navibulgar 2019 +2 options
BC 2 84,000dwt Namura Pleiades 2019 27.5
CONT 2 2700 TEU Zheijiang Ouhua Cape Shipping 2019