Job Search
  CV Search
Carnival Cruise ship has technical issue causing ship to tilt to one side It was pure chaos Screams Cries Panic
The 2020 Global Sulphur cap
Demand Keeps Momentum in the VLCC market
Tankers: New refining capacity in India to trigger crude demand
New emission regulations in shipping

Maritime News

Dry Bulk Market Handies Looking Attractive By Many Shipowners

Buying interest in the smaller dry bulkers, i.e. the Handysize/Handymax segment has been steadily building up over the course of the past few months, as more and more owners are actively looking for investment opportunities. In its latest weekly report, shipbroker Intermodal said that “the comparably small upside Handysize asset values have noted compared to other sizes since the historical lows of the dry bulk market in combination with the intense competition witnessed in the second-hand market for Panamax and Supramax vessels, have made a number of Buyers start looking at this size with increased interest during recent months”.

According to Intermodal’s Giannis Andritsopoulos, SnP Broker, “indeed, since the start of December and up until mid-February buying interest for Handies was particularly intense, with units bigger than 32kdwt built in Japan proving more popular. We even saw two such candidates being sold on a waving inspection basis in order for the respective Buyers to beat competition. As far as Vietnamese and Chinese built candidates, interest has been mainly expressed by companies looking to get bigger and achieve economies of scale consequently focusing on en-bloc deals involving mainly vessels bigger than 35kdwt with 3 generators”.

According to Andritsopoulos, “the interest in this size has in fact became so intense that such candidates are now harder to find, which paradoxically turned Buyers once again back to Supramax vessels. The later once again appeared attractive to those looking to invest, as secondhand prices were rather steady during the past couple of months and the strong momentum of 2017 q4 waned considerably throughout the Chinese New Year last month. The increased interest in the size is indeed very evident in the number of last week’s transactions involving such vessels, with Buyers not discouraged by the admittedly large fleet as very low earnings volatility compared to the bigger sizes is characterizing Supramaxes. At the same time the gap between Japanese and Chinese built candidates has increased massively and is currently calculated at more than 30% in some cases as buying interest for Chinese Supras remains very low indeed”.

Intermodal’s analyst added that “as far as Kamsarmax vessels are concerned, enquiry for 2009-2012 vessels is particularly firm and hard to satisfy at the moment as such candidates remain few. The gap between Japanese and Chinese vessels is in this case smaller compared to that of Supramaxes, further evidence of the strong appetite Buyers have for such units. A representative example of this can be found in comparing the end of January transaction involving the “KEY SPRING” (80kdwt built ’12 Japan), which was sold for USD 22.5 million and that of the “SEA ACE” (81kdwt built ’12 China) that fetched USD 18.5 million 5 weeks later, a difference of 21%”.

Meanwhile, “as far as Supramax and Panamax vessels built in early 2000, the number of sale candidates is substantially bigger mainly on the back of very low interest by Chinese buyers for 15-year old vessels with inspections and concluded deals on their side concerning almost exclusively vessels trading in the Far East. Talking about 15-year old vessels, the interest Greek buyers have been showing for Capesize candidates of this age is indeed very notable as up until the sale of the “AQUABEAUTY” (171kdwt built ’03 Japan) nobody really believed such interest even existed. The second quarter of the year, set to kick off in a few weeks, is traditionally considered a strong quarter for bulkers and it will be interesting to see how asset values and interest across the different sizes evolves then”, Andritsopoulos concluded.
Nikos Roussanoglou, Hellenic Shipping News Worldwide

Click Here To Read More.

 Featured Company
Marine World ,India Nessa Ship Management,India MV SHIPPING MANEGEMENT SERVICES PVT LTD,India
HOLY ANGEL MARINE SERVICES PVT LTD,India Oceanwharf Shipping Services Pvt. Ltd.,India Cromwell Ship Mangement Pvt Ltd,India
BAMS MARINE SERVICES PVT LTD,India Accord Marine Management Pvt Ltd,India Sea Wealth Marine Solutions,India
Westline Ship Management Pvt Ltd,India Yak Marine Pvt Ltd. ,India Jude Enterprises & Marine Services Pvt. Ltd.,India
Mehdi Bros Ship Services Pvt. Ltd.,India RAS SHIP MANAGEMENT Pvt.Ltd ,India K.R. Marine Services Pvt. Ltd.,India
AL-HUZAIR MARINE SERVICES PVT.LTD,India West Zone Marine Pvt Ltd,India Admiral Marine Services Pvt. Ltd.,India
Udya Shipping Services Pvt. Ltd. ,India CCrescent,India Nimbus Maritime Services Private Limited,India
Trycon Marine Services Private Limited,India ASIA MARITIME SERVICES PVT.LTD.,India ASP Ship Management (India) Pvt Ltd,India
Aark Shipping And Manning Pvt. Ltd.,India Euro Crewing Service LLC,India Ocean Offshore Marine India,India
AMAZE MARITIME SERVICES PVT. LTD. ,India BD Shipping,India Global Jobs Pool. ,India
CORPORATE MARITIME SER PVT LTD,India Arctic Offshore & Manning Company Pvt. Ltd.,India Vigil Marine Services Private Limited,India
NAAVEX MARINE SERVICES,India World Ships Management Pvt Ltd,India Sea Wealth Maine Solutions,India
Trinitas Ship Management Private Limited,India OLIVE CREW MANAGEMENT,India Nams Ship Management Pvt.Ltd,India
IMS SHIP MANAGEMENT Pvt Ltd,India vencen marine solution,India SS Maritime Services,India
Seastrom Marine Pvt. Ltd.,India Malawat Ship Management Pvt.Ltd.,India Mariners Community Ship Management Private Limited,India
Primanav ship management pvt. ltd,India Oceanic Star Shipping Pvt. Ltd. ,India SEASON SHIP MANAGEMENT & MARITIME SERVICES,India
Tapti Waterways Private Limited,India Naz Maritime Services Pvt.Ltd.,India Swar India Shipping Services Pvt. Ltd,India
Quadrant Maritime Pvt Ltd,India Tangar Ship Management Pvt Ltd,India Glance One Ship Management Pvt. Ltd.,India
Oath Marine Services Pvt Ltd,India MARVIN INTERNATIONAL SHIP MANAGEMENT,India Rassiya Shipping Services Pvt Ltd,India
AUBURN SHIPMANAGEMENT DMCC,India Mr.Sushant,India Summai Shipping Pvt.Ltd.,India
Pelorus shipping,India SVS MARINE SERVICES PRIVATE LIMITED,India Seashell Marine Service Pvt. Ltd,India
East India Shipping Agency,India Campbell Shipping Pvt. Ltd.,India Phelix Shipping Ventures Pvt. Ltd,India
I-Marine Infratech (India) Pvt. Ltd,India SHODEN MARITIME & SHIPPING VENTURES PVT LTD,India Coastal Shipping Links(India) Pvt.Ltd,India
DMC SHIP MANAGMENT PVT LTD ,India Unimar Marine Services Pvt. Ltd.,India Three Bees Shipping Pvt. Ltd,India
Ocean Glaxy Marine Pvt. Ltd.,India VR MARITIME SERVICES PVT LTD,India Seaprime Marine Mgmt Pvt.Ltd,India
sarwamangla Marine Pvt Ltd,India Twilight Shipping,India Indocean Maritime Services Pvt Ltd,India
Valaf DMCC,India Lilly Maritime Pvt. Ltd.,India Neptune Ship Management ,India
Nimbusmaritime Service,India MMS Americas LLC,India Amag Ships Pvt. Ltd.,India
gwl maritime services india pvt ltd ,India Blue Whale Maritime,India PRATISHTHA MARINE SERVICES,India
INTER OCEANIC MARINE SERVICES PVT LTD,India Royal Shipping Services,India Join Hands Marine Services Private Limited,India
DEMENTUS SHIP MANAGEMENT INDIA PVT LTD,India Meridian Marine Management Private Limited,India Penta Crystal Ship Management,India
Oceanic Shipping Services Private Limited,India Synergy Maritime Recruitment Services Pvt Ltd,India MAERSK ,India
Oceans Pride Marine Services Pvt. Ltd.,India RAMAN MARITIME ACADEMY PVT. LTD.,India SeaJobhunt,India
APAC Marine Services Pvt. Ltd,India Angel Maritime (India) Services ,India Albatross  Marine Services  ,India
AET Shipmanagement (India) Pvt. Ltd,India Helm Shipping Management Private Limited,India SHRI MAHAVIR MARINE SERVICES PVT LTD,India
Ind-Aust Maritime Pvt. Ltd,India Bridgeview Maritime Pvt.Ltd,India Calm Seas Shipping and Maritime Services,India
Ad Ship Management pvt. Ltd,India Tristarr Maritime And Shipping Private Limited,India

Copyrights © 2012
Terms and Conditions  -   Sitemap  -   Private Policy  -   FAQ  -   Contact Us
Site By : Pheunix