Fearnleys Weekly - Newbuilding

General comment

Interest in containers are picking up as we see 12 firm container orders this week, eight for Evergreen and four for Eastern Pacific. Also, it is reported that Yang Ming Marine will contract ten 11,000 teu vessels and ten 2800 teu vessels. DFDS firmed up an order for two RoPax vessels at Guangzhou, with scrubbers to be installed. In the LNG segment, BW LNG ordered two firm LNG carriers at Koreas DSME, the price is reported to USD 183 million per vessel.

Activity level

Tankers Dry Bulkers Others
Low Moderate Moderate

Prices

Average Far Eastern Prices
PRICES (mill usd) This week Last week Low 2018 High 2018
VLCC 300'dwt 84.00 84.00 82.00 84.00
Suezmax 150'dwt 56.00 56.00 55.00 56.00
Aframax 110'dwt 45.50 45.50 44.50 45.50
Product 50'dwt 34.00 34.00 33.50 34.00
Capesize 180'dwt 46.50 46.50 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 63,000 dwt Cosco Union Maritime 2019 + 1 option
BC 1 82,000 dwt Taizhou Kouan W Marine 2020
BC 2 82,000 dwt Dalian Shipbuilding Seatankers 2019 abt. $ 25 m Options declared
Cruise 1 3,000 Pax Meyer Turku TUI Cruises 2023
CONT 4 2,700 teu Shanhaiguan Eastern Pacific 2020 + 4 options
CONT 8 12,000 teu Samsung HI Evergreen 2021 abt. $ 94 m
LNGC 2 173,400 cbm DSME BW LNG 2020 $ 183 m
PT 2 50,000 dwt Hyundai Mipo Marinvest 2019 Methanol Carriers
RoPax 2 4,500 lm / 600 Pax GSI DFDS 2021 abt. $ 148 m With Scrubbers