Fearnleys Weekly - Newbuilding

General comment

Low newbuilding activity this week. Box-ships continue to draw interest, Zodiac Maritime firmed up five container vessels, reported to be dual-fuel ready at a price above $ 100 m. Also, there are rumors that an order for 20 ultra-large container vessels from HMM is in the pipeline.

Activity level

Tankers Dry Bulkers Others
Low Low Slow

Prices

Average Far Eastern Prices
PRICES (mill usd) This week Last week Low 2018 High 2018
VLCC 300'dwt 86.00 85.00 82.00 86.00
Suezmax 150'dwt 58.00 57.00 55.00 58.00
Aframax 110'dwt 47.50 47.50 44.50 47.50
Product 50'dwt 35.00 34.50 33.50 35.00
Capesize 180'dwt 47.00 47.00 45.00 47.00
Kamsarmax 82'dwt 27.00 27.00 26.00 27.00
Ultramax 64'dwt 25.00 24.50 24.00 25.00
LNGC 170'cbm - MEGI 185.00 184.50 184.50 185.00

Newbuilng contracts

Type No Size Yard Buyer Del Price Comm
BC 1 7,990 dwt Keppel Singmarine Sinanju Tankers Holdings 2019 Dual-Fuelled
BC 3 63,690 dwt Mitsui Osaka Asahi Kaiun 2019 / 2020
CONT 2 1,800 teu CSBC TS Lines 2020 $ 24 m
CONT 5 14,300 teu Hyundai Zodiac Maritime 2019 Dual-Fuel Ready