Fearnleys Weekly - Newbuilding

General comment

A slow week for tankers and dry bulkers, but some activity still. Eight firm orders reported in the container segment and five firm orders in the ferry and cruise segments. Interesting to note, it is confirmed that the 22,000 teu vessels ordered by CMA CGM at Hudong-Zhonggua and Shanghai Waigoqiao will be LNG-fuelled.

Activity level

Tankers Dry Bulkers Others
Low Low Moderate

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
Kamsarmax 82'dwt 26.00 26.00 23.00 26.00
Ultramax 64'dwt 24.00 24.00 21.00 24.00
LNGC 170'cbm - MEGI 184.50 184.50 184.00 184.50

Newbuilng contracts

Type No Size Yard Buyer Del Price Comm
BC 1 82,000 dwt Yangzijiang Chartworld 2019 Declared option
CONT 2 1,668 teu Yangzijiang RCL 2019 $ 19.6 m + 2 options
CONT 6 1,900 teu Jinling Zhonggu 2019 -
Cruise 1 12,300 gt Ulstein Lindblad Expeditions 2020 $ 134.6 m + 2 options
PAX 4 350 PAX Astilleros Gondan Balearia 2017/2018 eco-ships
PAX 2 68 m / 98 m Damen Govt. of Ontario 2019/2020