Monthly Market Report · 2021. 7. 19. · sale & purchase - marine insurance - ship valuations - market research june 2021 page 3 monthly market report demolition market - overview

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Secondhand Market page 1/2

Overview of S&P Activity page 1

Top Ranking of Buyers page 1

S&P Activity –Statistics page 2

Greek Presence page 2

Chinese Presence page 2

Demolition Market page 3/4

Overview of Demo Activity page 3

Top Ranking of Demo Countries page 3

Demo Activity –Statistics page 5

Demo Activity-Countries page 4/5

Pakistan /India/Bdesh page 4

China page 5

Special Feature-Dry Period page 6/7 Bulk Carriers Fixture Activity

Capesize page 6

Post Panamax page 6

Kamsarmax page 6

Panamax page 6

Supramax page 7

Handymax page 7

Handysize page 7

Total Fixture Activity page 7

Freight Market Performance page 8/9 Dry Market - Charts

Baltic Dry Indices page 8

TC Average Earnings page 8 Tanker Market - Charts

Baltic Tanker Indices page 9 Summary of Baltic Indices page 9 Summary of Baltic TC Avg. Earnings page 9

SECONDHAND MARKET

DEMOLITION MARKET

BULK CARRIERS – PERIOD

MARKET

FREIGHT RATES –BALTIC

INDICES

GRAPHICAL ANALYSIS OF

BALTIC INDICES

Monthly

Market

Report Issue June 2021

All the information contained in this report is given in good faith, but without

any guarantee from our part, and is based on our S&P Market Reports and

Insight Market Information provided and/or collected from various sources.

This report is presented for the sole and exclusive information of its

recipients and whilst every care has been taken in the preparation of this

report, no representation or warranty, express or implied, is made by Golden

Destiny S.A. in respect of the accuracy, completeness or correctness of the

information contained herein. Neither our company nor its directors or

employees assumes or accepts any liability whatsoever for any loss or

damage incurred by any person whatsoever in relation to and/or as a result

of the use of and/or due to any person’s reliance on the information

contained in this report. Furthermore, no responsibility is accepted in

respect of any errors or inaccuracies which may be contained in this report.

GOLDEN DESTINY established in 1994 SALE & PURCHASE - MARINE INSURANCE - SHIP VALUATIONS - MARKET RESEARCH

Website: www.goldendestiny.com Research & Valuations: [email protected] Sale & Purchase: [email protected] Marine Insurance: [email protected] GOLDEN DESTINY PIRAEUS: 57 AKTI MIAOULI 18536 TEL: +30 210 4295000 FAX: +30 210 4292346

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GOLDEN DESTINY established since 1994 SALE & PURCHASE - MARINE INSURANCE - SHIP VALUATIONS - MARKET RESEARCH June 2021

Page 1 MONTHLY MARKET REPORT

SECONDHAND MARKET - Overview of S&P Activity

Top Ranking of Buyers

m-o-m y-o-y

-14% 69%

Jun-21

196

Previous Month Jun-20

227 116No. of Vessels Changed Hands

12 yrs old built 2009

29 62,827

Bulkers -6% m-o-m 70% y-o-y

Units: 102

11 yrs old built 20105

Tankers -46% m-o-m 21% y-o-y 826,900,000

Average Age of Vessels Sold: 10 yrs old built 2011 Units: 34

6

Containers 34% m-o-m 1075% y-o-y 890,750,000

Average Age of Vessels Sold: 13 yrs old built 2008 Units: 47

12 Average Dwt Sold:S&P deals reported at an undisclosed sale price: 39,551

Average Age of Vessels Sold (in Total): Total Invested Capital: 3,379,300,000

Average Age of Vessels Sold:S&P deals reported at an undisclosed sale price:

Total Invested Capital:

Average Dwt Sold:

Average Dwt Sold:

Total Invested Capital: 1,543,400,000

65,374

103,767

S&P deals reported at an undisclosed sale price:

Average Dwt Sold:

Total Invested Capital:

S&P deals reported at an undisclosed sale price:

Bulkers No. of S&P deals Average Dwt Average Built

VLOC - - -

Newcastlemax - - -

Capesize 9 178,507 2009

Post Panamax 3 97,066 2007

Kamsarmax 5 82,028 2013

Panamax 16 76,543 2007

Ultramax 15 63,037 2016

Supramax 15 56,799 2010

Handymax 3 46,847 2001

Handysize 29 34,732 2011

Handy 7 27,182 2008

Small - - -

Tankers No. of S&P deals Average Dwt Average Built

VLCC 7 311,131 2008

Suezmax - - -

Aframax 4 109,170 2006

Panamax 2 74,743 2009

MR/Handymax 15 48,732 2016

Handy 1 13,209 2018

Small 5 3,959 2001

Containers No. of S&P deals Average Dwt Average Built

ULCV - - -

Neopanamax - - -

Post-Panamax - - -

Panamax 7 65,656 2008

Feedermax 29 41,149 2007

Feeder 9 20,173 2011

Small feeder 2 12,224 2007

Secondhand Buying Trends (S&P Activity Reported per Vessel Size - Current Month)



SECONDHAND MARKET

S&P Activity (No of Units Changed Hands, Dwt, Invested Capital) Greek Presence (No of Vessel Purchases, Dwt, Invested Capital) Chinese Presence (No of Vessel Purchases, Dwt, Invested Capital)

S&P Activity (Secondhand Market)

Vessel Type Units Dwt ($) Invested P&C Auction Units %m-o-m Units %y-o-y

Bulk Carriers 102 6,668,166 1,543,400,000 5 1 108 -6% 60 70%

Tankers 34 3,528,068 826,900,000 6 1 63 -46% 28 21%

Gas Tankers 5 178,254 94,000,000 3 0 0 4 25%

General Cargo/MPP 5 69,372 24,250,000 0 0 6 -17% 3 67%

Containers 47 1,858,898 890,750,000 12 0 35 34% 4 1075%

Reefers 0 0 0 0 0 0 2 -100%

Passenger/Cruise 0 0 0 0 0 0 2 -100%

Ro-Ro 0 0 0 0 0 0 0

Car Carrier 0 0 0 0 0 0 0

Combined 0 0 0 0 0 0 0

Special Projects 3 11,313 0 3 0 15 -80% 13 -77%

TOTAL 196 12,314,071 3,379,300,000 29 2 227 -14% 116 69%

GREEK PRESENCE 16% share to the total S&P Activity

Vessel Purchases (Secondhand Market)


Bulk Carriers 28 1,865,320 467,350,000 1 0 21 33% 11 155%

Tankers 3 415,095 60,400,000 0 0 13 -77% 0

Gas Tankers 0 0 0 0 0 0 0

General Cargo/MPP 0 0 0 0 0 0 0

Containers 1 11,807 0 1 0 2 -50% 0

Reefers 0 0 0 0 0 0 0

Passenger/Cruise 0 0 0 0 0 0 0

Ro-Ro 0 0 0 0 0 0 0


Combined 0 0 0 0 0 0 0

Special Projects 0 0 0 0 0 0 0

TOTAL 32 2,292,222 527,750,000 2 0 36 -11% 11 191%

CHINESE PRESENCE 27% share to the total S&P Activity

Vessel Purchases (Secondhand Market)


Bulk Carriers 33 2,102,467 517,650,000 0 0 12 175% 11 200%

Tankers 11 798,561 409,000,000 0 0 6 83% 4 175%

Gas Tankers 0 0 0 0 0 0 0

General Cargo/MPP 3 36,983 16,450,000 0 0 1 200% 0

Containers 5 296,537 148,000,000 1 0 2 150% 1 400%

Reefers 0 0 0 0 0 0 0

Passenger/Cruise 0 0 0 0 0 0 0

Ro-Ro 0 0 0 0 0 0 0


Combined 0 0 0 0 0 0 0

Special Projects 1 2,463 0 1 0 1 0% 6 -83%

TOTAL 53 3,237,011 1,091,100,000 2 0 22 141% 22 141%

Previous Year

Previous Month Previous Year

Previous YearPrevious Month

Previous Month



DEMOLITION MARKET - Overview of Demo Activity

Top Ranking of Demo Countries

m-o-m y-o-y

11% -27%No. of Vessel Demolitions 40 36 55

Jun-21 Previous Month Jun-20

Average Age of Vessels Scrapped: 28 yrs old built 1993

38,702

Bulkers 200% m-o-m -73% y-o-y

Units: 3

27 yrs old built 1994 63,952

Tankers 0% m-o-m 667% y-o-y

Units: 23

26 yrs old built 1995 53,074

Containers m-o-m -94% y-o-y 11,800

Units: 1

30 yrs old built 1991 11,800

1,583,594

191,855

Average Dwt :

Average Age of Vessels Scrapped:

Average Age of Vessels Scrapped:

1,220,704

Average Dwt :

Average Dwt :

Total Deadweight:

Total Deadweight:

Total Deadweight:

Total Deadweight:

Average Age of Vessels Scrapped: Average Dwt : Bulkers No. of Demolitions Average Dwt Average Built

VLOC - - -

Newcastlemax - - -

Capesize 1 170,085 2001

Post Panamax - - -

Kamsarmax - - -

Panamax - - -

Ultramax - - -

Supramax - - -

Handymax - - -

Handysize - - -

Handy 1 18,520 1984

Small 1 3,250 1997

Tankers No. of Demolitions Average Dwt Average Built

VLCC 1 298,982 1998

Suezmax 1 152,680 1991

Aframax 3 105,168 1998

Panamax - - -

MR/Handymax 8 44,779 1998

Handy 4 15,376 1993

Small 6 5,634 1992

Containers No. of Demolitions Average Dwt Average Built

ULCV - - -

Neopanamax - - -

Post-Panamax - - -

Panamax - - -

Feedermax - - -

Feeder - - -

Small Feeder 1 11,800 1991



DEMOLITION MARKET

Demo Activity (No of Units Demolished, Dwt) per vessel type Demo Activity per Demolition Country (Bangladesh, India)

Demo Activity (Demoltion Market)

Vessel Type Units Dwt Units %m-o-m Units %y-o-y

Bulk Carriers 3 191,855 1 200% 11 -73%

Tankers 23 1,220,704 23 0% 3 667%

Gas Tankers 3 80,962 1 200% 0

General Cargo/MPP 4 20,027 3 33% 9 -56%

Containers 1 11,800 0 17 -94%

Reefers 3 21,309 1 200% 0

Passenger/Cruise 0 0 4 -100% 1 -100%

Ro-Ro 1 4,050 1 0% 8 -88%

Car Carrier 0 0 0 0

Combined 0 0 0 0

Special Projects 2 32,887 2 0% 6 -67%

TOTAL 40 1,583,594 36 11% 55 -27%


India 18%


Bulk Carriers 1 3,250 0 5 -80%

Tankers 2 12,671 5 -60% 2 0%

Gas Tankers 1 4,444 1 0% 0

General Cargo/MPP 0 0 0 5 -100%

Containers 1 11,800 0 12 -92%

Reefers 1 14,933 1 0% 0

Passenger/Cruise 0 0 2 -100% 0

Ro-Ro 1 4,050 0 4 -75%

Car Carrier 0 0 0 0

Combined 0 0 0 0

Special Projects 0 0 0 6 -100%

TOTAL 7 51,148 9 -22% 34 -79%


share of total Demo Activity

Bangladesh 33%


Bulk Carriers 2 188,605 0 3 -33%

Tankers 7 408,086 6 17% 0

Gas Tankers 1 2,999 0 0

General Cargo/MPP 2 3,759 0 2 0%

Containers 0 0 0 4 -100%

Reefers 0 0 0 0

Passenger/Cruise 0 0 0 0

Ro-Ro 0 0 1 -100% 3 -100%

Car Carrier 0 0 0 0

Combined 0 0 0 0

Special Projects 1 30,126 1 0% 0

TOTAL 13 633,575 8 63% 12 8%





DEMOLITION MARKET

Demo Activity per Demolition Country (Pakistan, China)

Pakistan 28%


Bulk Carriers 0 0 1 -100% 6 -100%

Tankers 9 249,508 5 80% 1 800%

Gas Tankers 0 0 0 0

General Cargo/MPP 2 16,268 2 0% 4 -50%


Reefers 0 0 0 0


Ro-Ro 0 0 0 0

Car Carrier 0 0 0 0

Combined 0 0 0 0


TOTAL 11 265,776 8 38% 22 -50%



China 0%


Bulk Carriers 0 0 0 4 -100%

Tankers 0 0 0 1 -100%

Gas Tankers 0 0 0 0

General Cargo/MPP 0 0 0 3 -100%


Reefers 0 0 0 0


Ro-Ro 0 0 0 0

Car Carrier 0 0 0 0

Combined 0 0 0 0


TOTAL 0 0 0 18 -100%





SPECIAL FEATURE – DRY PERIOD MARKET

Bulk Carriers Fixture Activity ( No. of Fixtures per vessel size /age and type of fixture period) CAPESIZE / POST PANAMAX/ KAMSARAMAX / PANAMAX

3-6

MONTHS

6-12

MONTHS

12-24

M0NTHS

24-36

M0NTHS

>36

MONTHS

>=2016 N/B 0 0 0 0 0 0

2011-2015 UP TO 5YRS 0 0 0 0 0 0

2006-2010 UP TO 10YRS 0 0 0 0 0 0

2001-2005 UP TO 15YRS 2 0 1 1 0 0

1996-2000 UP TO 20YRS 0 0 0 0 0 0

1986-1995 UP TO 30YRS 0 0 0 0 0 0

2 0 1 1 0 0

3-6

MONTHS

6-12

MONTHS

12-24

M0NTHS

24-36

M0NTHS

>36

MONTHS

>=2016 N/B 0 0 0 0 0 0

2011-2015 UP TO 5YRS 0 0 0 0 0 0

2006-2010 UP TO 10YRS 0 0 0 0 0 0

2001-2005 UP TO 15YRS 0 0 0 0 0 0

1996-2000 UP TO 20YRS 0 0 0 0 0 0

1986-1995 UP TO 30YRS 0 0 0 0 0 0

0 0 0 0 0 0

3-6

MONTHS

6-12

MONTHS

12-24

M0NTHS

24-36

M0NTHS

>36

MONTHS

>=2016 N/B 1 0 0 1 0 0

2011-2015 UP TO 5YRS 3 0 0 2 1 0

2006-2010 UP TO 10YRS 4 1 2 1 0 0

2001-2005 UP TO 15YRS 1 1 0 0 0 0

1996-2000 UP TO 20YRS 0 0 0 0 0 0

1986-1995 UP TO 30YRS 0 0 0 0 0 0

9 2 2 4 1 0

3-6

MONTHS

6-12

MONTHS

12-24

M0NTHS

24-36

M0NTHS

>36

MONTHS

>=2016 N/B 0 0 0 0 0 0

2011-2015 UP TO 5YRS 2 2 0 0 0 0

2006-2010 UP TO 10YRS 4 2 1 1 0 0

2001-2005 UP TO 15YRS 1 0 1 0 0 0

1996-2000 UP TO 20YRS 0 0 0 0 0 0

1986-1995 UP TO 30YRS 0 0 0 0 0 0

7 4 2 1 0 0TOTAL

TOTAL

ULTRAMAX/PANAMAX (60,000-76,999 DWT) - FIXTURES PER VESSEL'S AGE

BUILT VESSEL'S AGE

FIXTURES

NO.

FIXTURE PERIOD

TOTAL

KAMSARMAX - FIXTURES PER VESSEL'S AGE

BUILT VESSEL'S AGE

FIXTURES

NO.

FIXTURE PERIOD

TOTAL

POST PANAMAX - FIXTURES PER VESSEL'S AGE

BUILT VESSEL'S AGE

FIXTURES

NO.

FIXTURE PERIOD

BULK CARRIERS FIXTURE ACTIVITY IN JUNE 2021

CAPESIZE (120,000-219,999 DWT) - FIXTURES PER VESSEL'S AGE

BUILT VESSEL'S AGE

FIXTURES

NO.

FIXTURE PERIOD



SPECIAL FEATURE – DRY PERIOD MARKET

Bulk Carriers Fixture Activity ( No. of Fixtures per vessel size /age and type of fixture period) SUPRAMAX / HANDYMAX/ HANDYSIZE

3-6

MONTHS

6-12

MONTHS

12-24

M0NTHS

24-36

M0NTHS

>36

MONTHS

>=2016 N/B 0 0 0 0 0 0

2011-2015 UP TO 5YRS 0 0 0 0 0 0

2006-2010 UP TO 10YRS 1 1 0 0 0 0

2001-2005 UP TO 15YRS 2 1 1 0 0 0

1996-2000 UP TO 20YRS 0 0 0 0 0 0

1986-1995 UP TO 30YRS 0 0 0 0 0 0

3 2 1 0 0 0

3-6

MONTHS

6-12

MONTHS

12-24

M0NTHS

24-36

M0NTHS

>36

MONTHS

>=2016 N/B 0 0 0 0 0 0

2011-2015 UP TO 5YRS 0 0 0 0 0 0

2006-2010 UP TO 10YRS 0 0 0 0 0 0

2001-2005 UP TO 15YRS 0 0 0 0 0 0

1996-2000 UP TO 20YRS 0 0 0 0 0 0

1986-1995 UP TO 30YRS 0 0 0 0 0 0

0 0 0 0 0 0

3-6

MONTHS

6-12

MONTHS

12-24

M0NTHS

24-36

M0NTHS

>36

MONTHS

>=2016 N/B 0 0 0 0 0 0

2011-2015 UP TO 5YRS 1 0 1 0 0 0

2006-2010 UP TO 10YRS 4 4 0 0 0 0

2001-2005 UP TO 15YRS 4 4 0 0 0 0

1996-2000 UP TO 20YRS 1 0 1 0 0 0

1986-1995 UP TO 30YRS 0 0 0 0 0 0

10 8 2 0 0 0TOTAL

TOTAL

HANDYSIZE (22,000-37,9999 DWT) - FIXTURES PER VESSEL'S AGE

BUILT VESSEL'S AGE

FIXTURES

NO.

FIXTURE PERIOD

TOTAL

HANDYMAX (38,000-49,999 DWT) - FIXTURES PER VESSEL'S AGE

BUILT VESSEL'S AGE

FIXTURES

NO.

FIXTURE PERIOD

SUPRAMAX (50,000-59,999 DWT) - FIXTURES PER VESSEL'S AGE

BUILT VESSEL'S AGE

FIXTURES

NO.

FIXTURE PERIOD

TOTAL BULK CARRIERS FIXTURE ACTIVITY

N/B UP TO 5YRS UP TO 10YRS UP TO 15YRS UP TO 20YRS UP TO 30YRS

>=2017 2012-2016 2007-2011 2002-2006 1997-2001 1987-1996

CAPESIZE 0 0 0 2 0 0 2 0 -

POST PANAMAX 0 0 0 0 0 0 0 0 -

KAMSARMAX 1 3 4 1 0 0 9 10 -10%

PANAMAX 0 2 4 1 0 0 7 3 133%

SUPRAMAX 0 0 1 2 0 0 3 3 0%

HANDYMAX 0 0 0 0 0 0 0 0 -

HANDYSIZE 0 1 4 4 1 0 10 12 -17%

TOTAL 1 6 13 10 1 0 31 28 11%

PERIOD MARKET - TOTAL BULK CARRIERS FIXTURE ACTIVITY, JUNE 2021 Previous Month

TOTAL Units % m-o-m



FREIGHT MARKET PERFORMANCE

DRY MARKET-BALTIC DRY INDICES-CHARTS

BALTIC DRY INDEX / BALTIC CAPESIZE / BALTIC PANAMAX INDEX / BALTIC SUPRAMAX / BALTIC HANDYSIZE INDEX

TC AVERAGE EARNINGS – CAPESIZE / PANAMAX / SUPRAMAX / HANDYSIZE



FREIGHT MARKET PERFORMANCE

TANKER MARKET-BALTIC INDICES-CHARTS

BALTIC TANKER INDICES – (BALTIC CLEAN AND BALTIC DIRTY)

Summary of Baltic Indices & Average Time Charter Earnings

Dry Current Previous Change % m-o-m Jun-20 Change % y-o-y Low High

BDI 2,911 2,965 -55 -2% 1,146 1,764 154% 2,420 3,418

BCI 3,417 4,282 -864 -20% 2,267 1,150 51% 2,393 4,212

BPI 3,320 2,886 434 15% 997 2,323 233% 2,801 4,010

BSI 2,668 2,320 348 15% 598 2,070 346% 2,441 2,921

BHSI 1,396 1,265 131 10% 336 1,060 316% 1,336 1,533

Wet Current Previous Change % m-o-m Jun-20 Change % y-o-y Low High

Dirty-BDTI 596 608 -13 -2% 541 54 10% 579 624

Clean-BCTI 463 508 -46 -9% 438 25 6% 449 516

Average T/C routes Current Previous Change % m-o-m Jun-20 Change % y-o-y Low High

Capesize 28,339 35,508 -7,169 -20% 16,972 11,368 67% 19,845 34,930

Panamax 28,546 24,638 3,908 16% 7,635 20,911 274% 23,876 33,111

Supramax 29,349 25,524 3,826 15% 7,514 21,835 291% 26,852 31,885

Handy 25,128 22,776 2,352 10% 6,045 19,082 316% 24,049 27,318

Figures represent monthly average values

Jun-21

Jun-21

Jun-21

Documents

Monthly Market Report · 2021. 7. 19. · sale & purchase - marine insurance - ship valuations - market research june 2021 page 3 monthly market report demolition market - overview