Second hand vessel sales keep firming up, as ship owners are actively looking and in many cases finding attractive deals. In its weekly report, Shiptrade Services said that purchase interest continues to be firm, with buyers looking mostly for Handies,
Handymaxes and Panamaxes in the dry sector and Handy, MR, LR1 and VLCC tonnage being of more interest in the wet sector. Container vessels continued to be if interest. In a similar earlier report, Golden Destiny said that 21 vessels changed hands last week, for a total invested amount of $444.3 million, while an additional two transactions were report with an undisclosed sale price. “In terms of the reported number of transactions, the S&P activity has been marked with a 50% positive w-o-w change, while is up also by 50% comparable with previous year’s weekly S&P activity when again 14 vessels induced buyers’ interest with bulk carriers and tankers grasping 79% share of the total volume of S&P activity. In terms of invested capital, the most overweight sector for this week is the special projects sector, through the sale of 2 oil intervention vessels, grasping 49% of the total amount of money invested” said Golden Destiny.
According to Shiptrade’s findings, the highlights of the week were the following: “The sale of Handysize sisters M/V “Nordic Bulker” (about 28.000 dwt, Built 2002 Imabari, JPN) & “Ace Bulker” (about 28.000 dwt, Built 2003 Imabari, JPN) which have been reported sold for USD 18.7 mill and 19.75 mill respectively.
The reported sale of the pumproom fitted MR tanker M/T Sakura Express (about 47.000 dwt, Built 2004 Minami, JPN) for USD 23.8 mill to Greek Buyers.
The interesting news this week concern Samho shipping which is facing some financial troubles and which is believed to have recently been involved in some ship sale & purchase transactions for this reason.
The M/V “Samho Nicole” (about 77.000 dwt, Built Namura, JPN 2007) has been pushed on the market by their financiers, KDB Capital Korea, and will be sold at best obtainable price after inspection of the vessel in Hong Kong . She has been arrested in Hong Kong and will be inspectable there for about two weeks. Furthermore and from the same owners, the VLCC “Samho Dream” (about 319.000 dwt, Built Huyndai, KR 2002), which is inspectable at Dubai Drydock world, will be sold as well.
Furthermore and despite market rumours that the vessel has been committed for USD 22 mill, “Eagle Bulk” has not yet sold the M/V “Merlin” (abt 50.000 dwt. Built Mitsui JPN 2001), which is loading in Cambodia for discharging in Singapore around the 29th of June, where owners are inviting inspections” concluded Shiptrade.
In terms of demolition activity, Golden Destiny said that, “there is still uncertainty with the situation in the Bangladesh after the expire date of its extension on the onset of the July, while in India there seems to be lack of interest from the scrap buyers who have filled their yards with a sheer number of vessels coming for beaching the last weeks. Thus, this seems to be the time for China
The week ended with 18 vessels reported to have been headed to the scrap yards of total deadweight 849,780 tons. In terms of the reported number of transactions, the demolition activity has been marked with a 80% week-on-week increase and regarding the total deadweight sent for scrap there has been a 47% increase. In terms of scrap rates, the highest scrap rate has been achieved this week in the bulkcarrier sector by India China
Source: Hellenic Shipping News Worldwide. . Nikos Roussanoglou. Saturday, 25 June 2011
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