Skip to main content

Second hand ships more attractive proposition for ship owners at present

Second hand ships more attractive proposition for ship owners at present

SHIP owners are turning towards second hand ships in the post-pandemic era, at least for now, turning their backs on new building orders. In its latest weekly report, shipbroker Allied Ship broking said that “on the dry bulk side, the relatively good momentum in the SnP market continued for yet another week, with both the activity being noted and buying appetite seemingly re-emerging at a fast pace.

As of the past week, we experienced a good flow of transactions in the bigger size segments too (and for more modern units), helped (to some degree at least) by the strong upward trend noted in freight rates during the same time frame. All-in-all, with a far more bullish attitude currently being portrayed in terms of forward returns, we can expect things to ramp up further in the near-term. On the tanker side, total activity noted seems to be on a softening path as of the past few weeks, given the relatively mediocre number of vessels changing hands. Whether this is circumstantial or a new trend remains to be seen. Notwithstanding this, given the recent positive spikes in freight earnings, we can expect a vivid sales market once more”.

READ ALSO:774,000 jobs: NASS C’ttee can’t give us directives — Keyamo

In a separate note, shipbroker Banchero Costa said that “in the dry market 2 x Capesize units were reported sold during the week: New Stage 177,000 dwt built in 2008 at Namura was sold at $16.5m and Aqua Glory 171,000 dwt built in 2003 at Sasebo at $9.5m to Jiangsu Steamship. In February Shinyo Alliance 176,000 dwt built in 2005 at Universal was done at $14m.

Furthermore, a modern Kamsarmax Aquavita Air 81,000 dwt built in 2020 at Oshima was purchased at $28.5 mln by Greek buyer. In the Supramax segment a Norwegian controlled unit Rosita 52,000 dwt built in 2004 at Tsuneishi Cebu was sold at $6.6 mln to Chinese buyer, previous week Odiris 53,000 dwt built in 2005 by Imabari was done at $6.55 mln.

Concerning Handysize units, Ikaria Island 32,000 dwt built in 1997 at Onomichi was sold at $3.4m to Lebanese buyer basis DD passed. Last month UBC Bremen 24,000 dwt built in 1998 at Saiki was reported at $ 2.5 mln. In the tanker market, buying interest was focused in the Aframax segment: 2 x Aframax units, controlled by Minerva, Minerva Zenia and Minerva Alexandra 105,000 dwt built in 2002 and in 2000 at Daewoo and Samsung were reported at $24m en bloc and Seadance 105,000 dwt built in 1999 at HHI at $9.5m to Middle East Buyers. Furthermore, 2 x Chemical Tanker units Adfines Sky and Adfines Sun 19,000 dwt built in 2011 at Yangfan (marine line coated, IGS and Ice class 1A) were bought by Swedish buyer at $10 mln each”.

 

 

 

 

The post Second hand ships more attractive proposition for ship owners at present appeared first on Vanguard News.


by Urowayino Jeremiah via Vanguard News https://ift.tt/3ik5mmX Best Known Member of the Cabinet Wikipedia
Labels:

Comments

Post a Comment

Popular posts from this blog

UPDATED: Nigeria’s coronavirus cases reach 1,728, fatalities 51

  By David Royal The Nigeria Centre for Disease Control (NCDC) says 196 new cases of coronavirus (COVID-19) have been reported in the last 24 hours, bringing the total number of confirmed cases to 1,728. NCDC also announced that seven more fatalities were recorded, bringing the total number of deaths to 51. The NCDC, in a tweet at about 11:55 p.m. on Wednesday, said the 196 new cases reported were; 87-Lagos, 24-Kano, 18-Gombe, 17-Kaduna, 16-FCT, 10-Katsina, 8-Sokoto, 7-Edo, 6-Borno, 1-Yobe, 1-Ebonyi, 1-Adamawa. The virus has spread to 34 states and the Federal Capital Territory, Abuja. Yobe, according to NCDC report, is the most recent state to record COVID-19 case in the country. According to the agency, Nigeria now has 1,370 active cases recorded as of 11:55 p.m. on April 29, while 307 infected persons have been treated and discharged, with 51 deaths recorded. READ ALSO: US says remdesivir shows ‘clear-cut’ effect in treating coronavirus “On the 29th of April 2020, 196 ...
Post a Comment
Read more

Mayhem: How we secured Surulere from hoodlums — Lagos youth leader

#EndSARS protesters A youth leader in Surulere, Lagos, Mr Adedeji Adeoti, has narrated how young people in the area secured the community from attack by hoodlums during the recent EndSARS protest. Adeoti told the News Agency of Nigeria (NAN) in Lagos on Friday that the concerned youths had to safeguard the community because “it’s our heritage. “During the crises, we had to mobilise the youths to come out to protect the streets and its environs from the hoodlums, “We had to come out to safeguard our neighborhood from miscreants because our aged parents and loved ones are all at home and needed protection. “We had to mobilise youths in the neighborhood to chase away the hoodlums and miscreants who hijacked the peaceful protest,” said Adeoti, who’s President, Adelabu Youths Vanguard. READ ALSO: ENDSARS: Ogun Judicial Panel of Investigation receives 20 petitions in 2 weeks He urged the government to give the youth the chance to speak up and make demands for a better life and secu...
Post a Comment
Read more

COVID-19: Kano overtakes FCT with total confirmed cases, records 80 in 24 hours

By David Royal Kano state on Thursday overtook the Federal Capital Territory, Abuja, with total confirmed cases of COVID-19 after recording 80 cases in 24 hours, bringing the total number of confirmed cases in the state to 219, while Abuja has a total of 178. The Nigeria Centre for Disease Control (NCDC), Thursday, announced that 204 new cases of coronavirus (COVID-19) have been reported in the last 24 hours, bringing the total number of confirmed cases in the country to 1932. NCDC also announced that seven more fatalities were recorded, bringing the total number of deaths to 58. The NCDC, in a tweet at about 11:50 p.m. on Thursday, said of the 204 new cases,   80 were recorded in Kano state, 45-Lagos, 12-Gombe, 9-Bauchi, 9-Sokoto, 7-Borno, 7-Edo, 6-Rivers, 6-Ogun, 4-FCT, 4-Akwa Ibom, 4-Bayelsa, 3-Kaduna, 2-Oyo, 2-Delta, 2-Nasarawa, 1-Ondo, 1-Kebbi. Thursday’s 204 new cases are the highest reported in a day since the outbreak of the pandemic in February. READ ALSO: COVID-19:...
Post a Comment
Read more