Monthly Market Report - Hellenic Shipping News …...GOLDEN DESTINY established since 1994 SALE & PURCHASE - MARINE INSURANCE - SHIP VALUATIONS - MARKET RESEARCH NOVEMBER 2017 Page

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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

• BDI & 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 November 2017

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 since 1994

SALE & PURCHASE - MARINE INSURANCE - SHIP VALUATIONS - MARKET RESEARCH

Website: www.goldendestiny.com Research & Valuations: [email protected]

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WEEKLY PUBLICATIONS:

Weekly S&P Market Report

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Monthly S&P Market Report

Monthly Newbuilding Market Report

ANNUAL PUBLICATIONS:

Annual S&P Statistics for the pace of shipping investments

SPECIAL EDITIONS:

Weekly S&P Market Trends

Other Reports / Analysis concerning the outlook of Secondhand / Demolition / Newbuilding Transactions


SALE & PURCHASE - MARINE INSURANCE - SHIP VALUATIONS - MARKET RESEARCH NOVEMBER 2017

Page 1 MONTHLY MARKET REPORT

SECONDHAND MARKET - Overview of S&P Activity

Top Ranking of Buyers

m-o-m y-o-y

-23% 23%No. of Vessels Changed Hands

Nov-17

139

Previous Month Nov-16

181 113

12 yrs old built 2005

88 73.392

Bulkers 9% m-o-m 18% y-o-y

Units: 71

9 yrs old built 2008

49

Tankers -24% m-o-m 12% y-o-y 292.740.000

Average Age of Vessels Sold: 12 yrs old built 2005 Units: 28

14

Containers -53% m-o-m 129% y-o-y 166.900.000

Average Age of Vessels Sold: 9 yrs old built 2008 Units: 16

6

83.361

120.135

S&P deals reported at an undisclosed sale price:

Average Dwt Sold:

Total Invested Capital:


Average Dwt Sold:S&P deals reported at an undisclosed sale price: 43.390

Average Age of Vessels Sold: Total Invested Capital: 772.230.000

Average Age of Vessels Sold:


Total Invested Capital:

Average Dwt Sold:

Average Dwt Sold:

Total Invested Capital: 268.100.000

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

VLOC - - -

Newcastlemax - - -

Capesize 17 178.250 2010

Post Panamax - - -

Kamsarmax 8 81.780 2013

Panamax 8 74.882 2000

Ultramax 4 62.987 2015

Supramax 10 54.986 2007

Handymax 6 45.380 2000

Handysize 11 33.896 2008

Handy 7 26.873 2006

Small - - -

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

VLCC 5 301.352 2001

Suezmax 6 154.946 2012

Aframax 4 110.205 2008

Panamax 1 74.540 2010

MR/Handymax 8 45.175 2003

Handy 2 18.190 2003

Small 2 7.104 2002

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

Post Panamax - - -

Large Panamax - - -

Small-Panamax 12 51.950 2009

Sub-Panamax 1 33.662 2007

Handy 2 14.488 2002

Feeder 1 8.203 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 71 5.918.600 268.100.000 49 0 65 9% 60 18%

Tankers 28 3.363.785 292.740.000 14 0 37 -24% 25 12%

Gas Tankers 2 121.555 15.000.000 1 0 8 -75% 4 -50%

General Cargo/MPP 5 58.179 2.500.000 4 0 9 -44% 4 25%

Containers 16 694.237 166.900.000 6 0 34 -53% 7 129%

Reefers 0 0 0 0 0 0 0

Passenger/Cruise 1 1.626 0 1 0 1 0% 1 0%

Ro-Ro 1 4.250 0 1 0 12 -92% 3 -67%

Car Carrier 0 0 0 0 0 0 0

Combined 0 0 0 0 0 0 0

Special Projects 15 39.298 26.990.000 12 1 15 0% 9 67%

TOTAL 139 10.201.530 772.230.000 88 1 181 -23% 113 23%

GREEK PRESENCE 19% share to the total S&P Activity

Vessel Purchases (Secondhand Market)


Bulk Carriers 13 820.546 62.000.000 9 0 18 -28% 29 -55%

Tankers 9 1.349.970 145.350.000 4 0 8 13% 4 125%

Gas Tankers 0 0 0 0 0 1 -100% 0

General Cargo/MPP 0 0 0 0 0 0 1 -100%

Containers 5 237.230 104.700.000 0 0 7 -29% 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 1 -100% 1 -100%


Combined 0 0 0 0 0 0 0

Special Projects 0 0 0 0 0 0 0

TOTAL 27 2.407.746 312.050.000 13 0 35 -23% 36 -25%

CHINESE PRESENCE 13% share to the total S&P Activity

Vessel Purchases (Secondhand Market)


Bulk Carriers 9 509.347 26.600.000 6 0 14 -36% 9 0%

Tankers 1 48.700 14.140.000 0 0 6 -83% 1 0%

Gas Tankers 0 0 0 0 0 2 -100% 0

General Cargo/MPP 1 5.508 0 1 0 3 -67% 1 0%

Containers 4 213.722 44.400.000 1 0 5 -20% 3 33%

Reefers 0 0 0 0 0 0 0

Passenger/Cruise 1 1.626 0 1 0 0 0

Ro-Ro 0 0 0 0 0 0 0


Combined 0 0 0 0 0 0 0

Special Projects 2 19.360 24.100.000 0 0 1 100% 0

TOTAL 18 798.263 109.240.000 9 0 31 -42% 14 29%

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

-25% -26%No. of Vessel Demolitions 54 72 73

Nov-17 Previous Month Nov-16

Average Age of Vessels Scrapped: 29 yrs old built 1988

49.930

Bulkers -29% m-o-m -20% y-o-y

Units: 12

26 yrs old built 1991 92.922

Tankers -27% m-o-m 1000% y-o-y

Units: 11

23 yrs old built 1994 111.086

Containers -14% m-o-m -74% y-o-y 183.473

Units: 6

22 yrs old built 1996 30.579

Total Deadweight:

Total Deadweight:

Total Deadweight:

Total Deadweight:

2.696.214

1.115.068

Average Dwt :

Average Age of Vessels Scrapped:


1.221.951


Average Dwt :

Average Dwt :

Average Dwt :Demolition Trends (Scrapping Activity Reported per Vessel Size - Current Month)

Bulkers No. of Demolitions Average Dwt Average Built

VLOC - - -

Newcastlemax 2 208.291 1993

Capesize 2 159.664 1996

Post Panamax - - -

Panamax 3 71.153 1995

Handymax 2 46.722 1993

Handysize - - -

Handy 3 24.086 1983

Small - - -

Tankers No. of Demolitions Average Dwt Average Built

VLCC 1 298.960 1996

Suezmax 2 152.011 1995

Aframax 5 103.643 1997

Panamax 1 60.963 1983

MR/Handymax - - -

Handy 1 34.793 1993

Small 1 4.999 1984

Containers No. of Demolitions Average Dwt Average Built

Post Panamax - - -

Large Panamax - - -

Small-Panamax 2 49.999 1998

Sub-Panamax 2 30.552 1997

Handy 1 15.166 1994

Feeder 1 7.207 1990




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 12 1.115.068 17 -29% 15 -20%

Tankers 11 1.221.951 15 -27% 1 1000%

Gas Tankers 1 2.004 2 -50% 0

General Cargo/MPP 10 80.148 13 -23% 19 -47%

Containers 6 183.473 7 -14% 23 -74%

Reefers 3 20.441 3 0% 0

Passenger/Cruise 0 0 0 1 -100%

Ro-Ro 1 18.541 3 -67% 3 -67%

Car Carrier 0 0 0 0

Combined 0 0 0 0

Special Projects 10 54.588 12 -17% 11 -9%

TOTAL 54 2.696.214 72 -25% 73 -26%


India 19%


Bulk Carriers 1 21.437 0 1 0%

Tankers 0 0 5 -100% 0

Gas Tankers 0 0 1 -100% 0

General Cargo/MPP 4 20.569 1 300% 9 -56%

Containers 2 61.103 0 8 -75%

Reefers 1 12.570 1 0% 0

Passenger/Cruise 0 0 0 0

Ro-Ro 1 18.541 2 -50% 0

Car Carrier 0 0 0 0

Combined 0 0 0 0

Special Projects 1 1.040 5 -80% 0

TOTAL 10 135.260 15 -33% 18 -44%


share of total Demo Activity

Bangladesh 26%


Bulk Carriers 1 41.090 4 -75% 6 -83%

Tankers 6 641.107 7 -14% 0

Gas Tankers 0 0 0 0

General Cargo/MPP 1 7.148 3 -67% 0

Containers 2 22.373 2 0% 4 -50%

Reefers 2 7.871 1 100% 0


Ro-Ro 0 0 1 -100% 0

Car Carrier 0 0 0 0

Combined 0 0 0 0

Special Projects 2 2.570 0 0

TOTAL 14 722.159 18 -22% 10 40%






DEMOLITION MARKET

� Demo Activity per Demolition Country (Pakistan, China)

Pakistan 24%


Bulk Carriers 9 1.000.188 5 80% 5 80%

Tankers 0 0 0 0

Gas Tankers 0 0 0 0

General Cargo/MPP 2 34.858 1 100% 0

Containers 0 0 2 -100% 1 -100%

Reefers 0 0 0 0


Ro-Ro 0 0 0 0

Car Carrier 0 0 0 0

Combined 0 0 0 0

Special Projects 2 45.668 0 0

TOTAL 13 1.080.714 8 63% 6 117%



China 6%


Bulk Carriers 1 52.353 7 -86% 0

Tankers 0 0 0 0

Gas Tankers 0 0 0 0

General Cargo/MPP 1 12.218 2 -50% 0

Containers 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

Special Projects 1 1.969 1 0% 0

TOTAL 3 66.540 10 -70% 3 0%






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 1 0 1 0 0 0

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

2001-2005 UP TO 15YRS 1 0 0 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

6 2 2 2 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 1 0 0 0 0

2006-2010 UP TO 10YRS 1 1 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

2 2 0 0 0 0

3-6

MONTHS

6-12

MONTHS

12-24

M0NTHS

24-36

M0NTHS

>36

MONTHS

>=2016 N/B 2 2 0 0 0 0

2011-2015 UP TO 5YRS 7 7 0 0 0 0

2006-2010 UP TO 10YRS 1 1 0 0 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

11 11 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 2 1 0 1 0 0

2001-2005 UP TO 15YRS 5 3 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

8 4 2 2 0 0

BULK CARRIERS FIXTURE ACTIVITY IN NOVEMBER 2017

CAPESIZE (120,000-219,999 DWT) - 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

TOTAL

KAMSARMAX - FIXTURES PER VESSEL'S AGE

BUILT VESSEL'S AGE

FIXTURES

NO.

FIXTURE PERIOD

TOTAL

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

BUILT VESSEL'S AGE

FIXTURES

NO.

FIXTURE PERIOD

TOTAL




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 3 2 1 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

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 0 0 0 0 0 0

2006-2010 UP TO 10YRS 1 1 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

1 1 0 0 0 0

SUPRAMAX (50,000-59,999 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

TOTAL

TOTAL

HANDYSIZE (22,000-37,9999 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 1 4 1 0 0 6 6 0%

POST PANAMAX 0 1 1 0 0 0 2 1 100%

KAMSARMAX 2 7 1 1 0 0 11 13 -15%

PANAMAX 0 1 2 5 0 0 8 19 -58%

SUPRAMAX 0 0 3 0 0 0 3 5 -40%

HANDYMAX 0 0 0 0 0 0 0 1 0%

HANDYSIZE 0 0 1 0 0 0 1 0 -

TOTAL 2 10 12 7 0 0 31 45 -31%

PERIOD MARKET - TOTAL BULK CARRIERS FIXTURE ACTIVITY, NOVEMBER 2017 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

� BALTIC 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 Nov-16 Change % y-o-y Low High

BDI 1.454 1.484 -30 -2% 1.072 382 36% 1.361 1.578

BCI 3.304 3.006 297 10% 2.158 1.146 53% 3.036 3.848

BPI 1.391 1.512 -121 -8% 1.167 224 19% 1.275 1.567

BSI 924 1.058 -134 -13% 782 142 18% 845 1.043

BHSI 639 651 -12 -2% 464 175 38% 619 673

Wet Current Previous Change % m-o-m Nov-16 Change % y-o-y Low High

Dirty-BDTI 813 860 -47 -5% 777 36 5% 787 867

Clean-BCTI 576 564 12 2% 435 141 32% 534 634

Average T/C routes Current Previous Change % m-o-m Nov-16 Change % y-o-y Low High

Capesize 22.385 20.913 1.472 7% 14.706 7.679 52% 20.563 26.545

Panamax 11.160 12.155 -995 -8% 9.319 1.841 20% 10.223 12.583

Supramax 10.516 11.089 -573 -5% 8.170 2.346 29% 10.111 11.263

Handy 9.332 9.563 -231 -2% 6.656 2.676 40% 9.047 9.847

Nov-17

Nov-17

Nov-17

Documents

Monthly Market Report - Hellenic Shipping News …...GOLDEN DESTINY established since 1994 SALE & PURCHASE - MARINE INSURANCE - SHIP VALUATIONS - MARKET RESEARCH NOVEMBER 2017 Page