Job Search
 
 
  CV Search
 
 
  News
Shipbrokers Expect Increased Interest for Product Tanker Newbuildings
  
2019 Prospects are Rosy for the Handy Supramax Bulker Segment
  
Dry Bulk Market Long Haul Cargoes of Iron Ore Could Dwindle
  
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
  
 
 

Maritime News

Tanker Market Ships Prices Start to Follow Freight Market Rates to Lower Ground

Where there’s crisis, there’s also opportunity. As such, prices for tankers are starting to face further downward pressure, which could prove to be beneficial to cash-rich investors. In its latest weekly report, shipbroker Intermodal said that “the tanker market is undoubtedly passing one of its’ roughest times over the last years. T/C rates have fallen to very low levels and as a result the resistance that vessels were showing to further decrease on asset prices has started to show signs of cracking. The correction on prices has been evident on mostly larger tonnage”.

According to Intermodal’s Konstantinos Kontomichis, SnP Broker, “on the VLCCs, which are 15-yrs old we have witnessed a large correction on asset prices, which was most pronounced during q2 of 2017. To put things into perspective the “GOOD NEWS” (319,430dwt-blt ’02, S. Korean) was sold to New Shipping in May 2017 for $21.0m, while the price for similar aged unit today remains at the same levels. An example of this is the “ROKKOSAN” (300,257dwt-blt ’03, Japan), which was recently sold to Greek buyers for $21.0 million”.

Kontomichis noted that “in the Suezmax sector, similar price elasticities are also explored. The 12-yr old “EUROGLORY” (166,647dwt-blt ’05, Croatia) was sold to Eurotankers in June 2017 for $20.5m, while the 13-yrs old sisters “UNITED KALAVRYTA” (159,156 dwt-blt ’05, S. Korea) and the “UNITED LEADERSHIP” (159,062 dwt-blt ’05, S.Korea), were sold to Greeks in May 2018 for region $18.0m”.

“In the Aframax sector we have noted a similar situation with regards to asset prices. However the number of transactions is greater compared to larger segments. This specific size has traditionally attracted the interest of the buyers looking at the bigger tonnages (Vls, Suezmaxes and Afras). Despite the big interest on the specific segment and the competition amongst buyers, asset values remained steadily negative. The “EUROFORCE” (106,361 dwt-blt ’02, Japan) was bought by Eurotankers on February 2017 for $11.5m, while on April 2017 both “BULL SUMATERA” (106,560 dwt-blt ’02, Japan) and the “KALIMANTAN” (106,548 dwt-blt ’02, Japan) were bought by Indonesian buyers for $10.5 each. On the contrary within April 2018 the “GENER8 DEFIANCE” (105,538 dwt-blt ’02, Japan) sold for $10.2m and two weeks ago the “KRASNODAR” (115,605 dwt-blt ’03, S.Korea) was sold for $9.5million.”, Intermodal’s broker said.

He added that, “the MR prices showed the biggest resistance. For a long period of time, sellers of 13-yrs old Korean/Japanese build MRs were declining offers below $10.0. An example is the “BORA” (46,718 dwt-blt ’04, S. Korea), which bought by Unibros during March 2017 for $11.4. The same prices have been noticed during q4 2017. The ex-“SEAWAYS ANDROMAR” (46,195 dwt-blt ’04, S. Korea) and the ex-“SEAWAYS ARIADMAR” (46,205 dwt-blt ’04, S. Korea), were sold to different Greek buyers for $11.2m each. However the picture is changing in 2018. The pressure and the low expectations in wet market have caused a reduction in asset values to levels below $10.0. Within June we have witnessed the below deals: The “ENDEAVOUR” (46,101 dwt-blt ’04, S. Korea) was sold to Greeks for $9.8m and the “BIENDONG MELODY” (45,937 dwt-blt ’04, Japan) was sold for $9.0m”.

According to Intermodal’s broker, “it is clear that the current asset prices are at a 2-year low. How much further down they can go remains to be seen. Tankers at current prices are definitely the segment that owners and investors should be looking at. While no one is a prophet, you can’t go wrong with the age-old adage of “buy low; sell high”.
Nikos Roussanoglou, Hellenic Shipping News Worldwide

Published On July 07th,2018 @ www.seajobhunt.com !!!

 Featured Company
Indiana Maritime Services Pvt. Ltd,India SIDDHI OCEAN SERVICES PVT. LTD.,India Olympia Ship Management Pvt.Ltd,India
SHAMS SHIP MANAGEMENT PVT.LTD,India INTEGRITY SHIPPING PVT LTD.,India Blue Bird Shipping Management Pvt. Ltd.,India
Sea Rise Marine Services Pvt. Ltd.,India AN-Line Shipping Pvt. Ltd.,India Global Tankers Pvt. Ltd.,India
Galaxy Mariners & Shipping Company,India TARKASH MARINE SERVICES,India Shipteck Marine Solutions Pvt. Ltd.,India
Seaways Offshore Marine India Pvt.  Ltd.,India Rudraksh Marine Services Pvt. Ltd.,India Fleet Line Navigation Marine Management Pvt. Ltd.,India
Blackhull Maritime Services Private Limited,India CASABLANCA SHIPPING PVT LTD ,India TANKER SHIP MANAGEMENT & OFFSHORE PVT. LTD.,India
NAVYLINE SHIP MANAGMENT PVT LTD,India 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 S S OFFSHORE 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 S K ENGINEERING SHIPPING I PVT LTD,India
Vrinda Global Pvt. Ltd.,India AUBURN SHIPMANAGEMENT DMCC,India Trycon Marine Services Private Limited,India
ASIA MARITIME SERVICES PVT.LTD.,India ASP Ship Management (India) 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 TEJAS MARITIME PVT. LTD. ( MAC SHIP DESIGN AND CONSTRUCTION PRIVATE LIMITED ),India DP SHIP MANAGEMENT PVT. LTD,India
DS MARINE,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
SHOROX SHIPPING OPC 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 MMS Maritime (India) Pvt.Ltd,India AMSWAY SHIP MANAGEMENT PRIVATE LIMITED,India
AG. MARITIME PRIVATE LIMITED,India Pelorus shipping pvt.ltd,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  ABB Ship Management Pvt. Ltd,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 RAMAN MARITIME ACADEMY PVT. LTD.,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 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 Pvt.ltd,India Ad Ship Management pvt. Ltd,India
Tristarr Maritime And Shipping Private Limited,India

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