Fearnleys Weekly - Newbuilding

General comment

In the Dry Bulk segment, Foremost group firmed up four more Newcastlemaxes at Shanghai Waigaqiao, with delivery due in 2020/2021. In the LNG segment, DSME received an order for two firm LNG carriers from an unnamed owner. Also, CSSC's Hudong Zhonghua received an order for one 18,600 cbm LNG Bunkering Vessel from MOL. MOL has a contract with Total, it is reported that the vessel will deliver LNG to CMA CGM's 22,000 teu vessels.

Activity level

Tankers Dry Bulkers Others
Slow Low Low

Prices

Average Far Eastern Prices
PRICES (mill usd) This week Last week Low 2018 High 2018
VLCC 300'dwt 84.00 83.00 82.00 84.00
Suezmax 150'dwt 56.00 55.50 55.00 56.00
Aframax 110'dwt 45.50 45.00 44.50 45.50
Product 50'dwt 34.00 34.00 33.50 34.00
Capesize 180'dwt 46.50 46.00 45.00 46.50
Kamsarmax 82'dwt 27.00 27.00 26.00 27.00
Ultramax 64'dwt 24.50 24.50 24.00 24.50
LNGC 170'cbm - MEGI 184.50 184.50 184.50 184.50

Newbuilng contracts

Type No Size Yard Buyer Del Price Comm
BC 2 2,600 dwt Wuxue Janda Wilson 2019 abt. $ 5 m
BC 4 210,000 dwt SWS Foremost Group
CHEM 2 50,000 dwt STX Offshore Pantheon Tankers 2019 $ 33 m
LNG 1 18,600 cbm Hudong Zhonghua MOL 2020 Contract to Total
LPG 1 13,000 cbm Jiangnan Sonatrach 2019 Option declared
PT 2 75,000 dwt GSI TORM 2020 abt. 38 m