Fearnleys Weekly newbuilding report said that in total 7 ships were ordered last week.
The market seems to be «out for lunch» for the time being with just a few fresh contracts hitting the headlines. Croatian yard Uljanik secured a pair of MR type product carriers from domestic owners. In another MR deal, d’Amico went to HMD Vietnam for two units for delivery in 2016 at a price reflecting close to 5 pct rebate compared with Korea.
Average Far Eastern Prices PRICES PRICES (mill usd) This week Last week Low 2014 High 2014 VLCC 300’dwt USD 102.0 m USD 102.0 m 96.0 102.0 Suezmax 150’dwt USD 68.0 m USD 68.0 m 64.0 68.0 Aframax 110’dwt USD 54.0 m USD 54.0 m 52.0 54.0 Product 50’dwt USD 37.5 m USD 37.5 m 36.0 37.5 Capesize 180’dwt USD 56.0 m USD 56.0 m 55.0 56.0 Panamax 82’dwt USD 31.5 m USD 31.5 m 30.0 31.5 Handymax 64’dwt USD 28.0 m USD 28.0 m 28.0 28.0 Prices are based on payment terms 40/60
NEWBUILDING CONTRACTS Type No Size Yard Owner Del Mill$ Comm PC 2 49500 dwt Uljanik Trogir Maritime 2015/16 PC 2 50000 dwt HMD Vietnam D’Amico 2016 36,6 BC 1 208000 dwt Yangzijiang Oldendorff 2017 opt.decl. BC 2 206000 dwt Yangfan Trafigura opt.decl.
Fearnleys, April 10, 2014; Image: Uljanik