Fearnleys Weekly - Newbuilding

General comment

High activity within the dry bulk segment, 17 firm orders with 10 options. As expected, most bulkers are ordered at Chinese yards, one at a Japanese yard. Interesting to note is Pan Ocean’s order at New Times, the 6 firm VLOC’s will be chartered to Vale, LNG-ready. In the tanker segment, Hyundai had a good week with four firm VLCC orders, two from Kyklades and two from Sinokor. Two new cruise orders at Fincantieri from MSC Cruises, the price is reported to be abt. € 900 m per vessel. With abt. 60 cruise vessels on order at present, the cruise segment continues to grow.

Activity level

Tankers Dry Bulkers Others
Moderate Firm 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
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 20,500 dwt Fujian Southeast Fujian Anda 2019
BC 1 20,500 dwt Fujian Southeast Fujian Shenda 2019
BC 1 63,700 dwt Tsuneishi Wisdom Marine 2020
BC 3 86,000 dwt Qingdao Wuchuan Fujian Guohang 2019 abt. $ 30 m + 5 options
BC 5 208,000 dwt Yangzijiang China Dev. Bank 2019/2020 $ 47 m + 5 options
Cruise 2 154,000 gt Fincantieri MSC Cruises 2021/2023
VLCC 2 319,000 dwt Hyundai Kyklades 2019/2020 + 2 options
VLCC 2 319,000 dwt Hyundai Sinokor Tier III
VLOC 6 New Times Pan Ocean 2019/2021 $ 74 m LNG-ready