WEEKLY SHIPPING MARKET REPORT WEEK 1 1st January – to 7th January
Legal Disclamer The information contained herein has been obtained by various sources. Although every effort has been made to ensure that this information is accurate, complete and up to date, Shiptrade Services S.A. does not accept any responsibility whatsoever for any loss or damage occasioned or claimed, upon reliance on the information, opinions and analysis contained in this report. Researched and compiled by: Shiptrade Services SA, Market Research on behalf of the Sale & Purchase, Dry Cargo Chartering and Tanker Chartering Departments. For any questions please contact:
[email protected] Shiptrade Services SA 1st Floor, 110/112 Notara Street 185 35 Piraeus, Greece
Tel +30 210 4181814 Fax +30 210 4181142 www.shiptrade.gr
[email protected] [email protected] [email protected]
Shipping , Commodities & Financial News
Ships: Reshaping the underwater form Twenty years ago, it seemed that the underwater shape of any ships was a more or less settled science. Bulbous bows, (the benefits of which had been first identified by Italian naval architects in the 19th century), were widely fitted, with the most “extreme” bulbs fitted to the fastest ships. But hydrodynamics as a science has continued to develop and recent years have seen all manner of astonishing ship shapes entering service. The Ramform, the X-bow and the Axe bow, along with other dramatic ship shapes, all arrived amid claims of the superior sea-keeping qualities and operational economies they produced. The soaring price of fuel and tough economic times have produced another wave of hydrodynamic innovation, with naval architects looking hard at all aspects of the underwater shape and its relationship to the sea. The flow of water around the stern and the efficiency of propellers, the effect of trim on performance and the operation of rudders have all been studied afresh, while the fitting of Mewis ducts and various other appendages to beef up the bite of a propeller have been appearing in newbuilds. A regular scrub to freshen up the surface of a propeller, between dry-dockings has proved and demonstrable dividends. But what else can be done to make existing ships more economical? Obviously slowing them down is the most natural fuel-saving measure, but that brings its own problems, as a hullform that was designed for optimum efficiency at a speed of 25 knots is unlikely to work as well if the service speed is reduced by 5 or more knots. So it is interesting to note that Maersk has started to remove the bulbous bows from a number of its container ships now operating a slowed service speed regime. Maersk has worked out that these appendages can weigh up to 140 tons and while they were doing their job perfectly at the designed high service speed, they do the opposite to what they were intended with the ship slowed down, with resistance actually increased. As might be expected with a company that looks at these matters with an analytical eye, the strategy will not work for every ship, but if a business case can be made and the economics work, then a “nose job” will follow. If the surgery is done on the right ships, then the fuel savings from the reshaped bow can amount to some 2%. Not carrying around up to 140 tons will itself produce some savings. Ten ships have been so far scheduled for bulb removal and it will be interesting to see if any of the other major operators follow the Maersk example. Meanwhile, the science of hydrodynamics continues the search to optimise the underwater body and produce more fuel and energy savings. Computational fluid dynamics is a new weapon in the designer’s armoury, which it is hoped will produce further breakthroughs in the lowering of resistance and higher propulsive efficiency. We are given hints that exciting developments in the world of underwater coatings are soon to be revealed. Innovation flourishes when times are hard! (BIMCO) Tanker Companies Still Fighting an Uphill Battle
Despite a rebound in oil prices over the last few years, tanker stocks have been terrible performers on the stock market. Frontline, Nordic American Tankers, and Teekay Tankers are all down at least 47% in the last five years and Frontline has fallen into the abyss with an 85% drop.But this isn't just a matter of companies falling out of favor with the market. Tankers are in much less demand as U.S. oil production has increased and their financial performance only seems to be getting worse.Losing money hand over fist You can see below that Frontline, Nordic American Tankers, and Teekay have all seen losses for over two years and conditions don't look to be improving quickly.U.S. energy imports are down to 34% of consumption, off from 60.3% in 2005 and 40% just last year. That reduces the demand for tankers and the only way to replace it is hope that demand from India and China replaces the lost demand from the U.S. That's a stretch given the amount of oil available close to those countries.Pipelines replace tankers worldwide It may be surprising to find out that Russia is actually the world's largest oil producer and it's a direct neighbor to China, who is a major oil importer. Russia recently signed a deal that will send 200,000 barrels of oil per day to China's Sinopec Group. This is part of Russia's goal to export more than 1
million barrels of oil per day to China. There's also an abundance of natural gas coming over the boarder, boosted by the recent completion of the Myanmar-China pipeline. Then there's the fact that the Middle East is simply a shorter trip to China and India than the U.S. and you have lower demand for tanker services. An already oversupplied market is only going to get worse over the next few years.Foolish bottom line Frontline's John Fredricksen may have had it right in September when he suggested competitors should shut down capacity. The problem is that no one is going to take him up on the offer.Long term, I think the trends are simply working against the tanker business and financial results will continue to suffer. We may see a rebound in rates here and there but demand is slowly drying up and that's why this is an industry to avoid in 2014 (Motley Fool ) Neutral outlook for shipping sector in 2014 With the Baltic Dry Index perking up in December, 2014 is poised to be a better year for overall freight rates as demand and supply within the shipping sector will be more balanced. The dry bulk sector’s valuation has somewhat priced in optimism of a recovery, with tankers expected to catch up eventually, highlights RHB Research Institute Sdn BHd (RHB Research), although caution is advocated due to weaker macro prospects. “In December, the Baltic Dry Index rose to its highest level in 27 months on the back of higher imports of iron ore in November (increase 18 per cent year on year (y-o-y)) and coal from China,” outlined analyst Ahmad Maghfur Usman in his note yesterday. “This rising demand also boosted iron ore and coal prices. “Dry freight rates in the spot market have climbed 40 to 70 per cent in the past 30 days, with Handymax and Supramax seeing strong demand. “The spike in rates for the smaller sized vessels will benefit maybulk given its 55 per cent exposure in these vessels by deadweight tonnage (DWT).” The six per cent growth in supply of total tonnage of dry bulk vessels in 2013 is expected to marginally exceed the five per cent growth in tonnage demand.Thus, Ahmad Maghfur believed 2014 is poised to be a better year for overall freight rates as demand and supply will be more balanced. Meanwhile, crude tanker rates remain volatile, with no clear indications of recovering in the near term as overall demand for oil continues to remain weak amid an oversupply of crude tankers.The research team behind MIDF Amanah Investment Bank Bhd (MIDF Research) affirmed the challenging outlook for crude tanker shipping amid the overcapacity issue which is still prevalent. “The booming of US shale oil production had eased the long haul demand of crude oil from the Middle East, impacting VLCC rates,” it said. “In contrast, Aframax chartering rate was relatively steady due to ramp up in US domestic oil production and lightering activities. “The prospect of product tanker is more promising as the fleet growth was slower at estimated at 2.5 per cent y-o-y for 2013.” RHB Research’s Ahmad Maghfur added that chemical tankers in Europe are still hit by a surplus of tonnage despite some activities on the Transatlantic Westbound route. Wood Mackenzie expects China’s oil imports to surpass that of the US in 2017, and be the key driver of a recovery in tanker rates by 2015 given that the longer distance from the Atlantic to China will absorb the excess capacity due to higher vessel utilisation. “Tanker rates are expected to remain volatile in 2014 but we see average rates inching up by 15 per cent in 2014 and 25 per cent in 2015 as the stronger demand eases the over-supply.” Looking at the shipping of liquefied natural gas (lng), the rhb research analyst forewarned that the shale gas boom in the us has not only dimmed the outlook for crude tankers but also that for lng shipping. “We have seen lng buyers show hesitation in signing long term contracts out of fears that lng prices and shipping costs will get cheaper in the future. “Moreover, the slew of new LNG vessels coming into the market next year will exacerbate the situation and inevitably result in a glut.” Source: The Borneo Post
1
Great expectations? The recent (reasonable) slowdown of the S&P market due to the Christmas holiday period is expected to come to an end soon, as market players return in their offices, warming up (or not) for their next moves. What remains to be seen is whether the positive sentiment we have witnessed during the last couple of months will make its’ appearance again, with the odds possibly being for this possibility, thus creating expectations amongst market players for 2014. This week, we are only reporting 2 transactions in the dry segment, one being the purchase of the 2011 built Supramax “Maja” from Greek buyers for $19.2 mill. and the other one being the 2011 built Handysize “B Handy”, which fetched $20 mill. from Greek buyers. In the wet segment, the Aframax sector drew our attention this week, with a total of 3 units changing hands. The 1993 built shuttle tanker “Tordis Knutsen” was sold to Norwegian buyers for $8.2 mill., while 2 very modern Italian-owned units were sold for a total price of $56 mill. to undisclosed buyers.
Shiptrade’s enquiry index increased significantly compared to the situation two weeks ago, before the Christmas holidays. In the dry segment, interest for all sizes was there at levels well excess the ones of the pre-holiday period, except from the Panamax index, which remained unchanged. Handy enquiries increased by 30%, the ones for Handymaxes and Supramaxes more than doubled, while the enquiries for Capesize bulkers moved upwards by one fourth. In the tanker segment, the differential was bigger, as buying interest made its’ reappearance following a period of total absence, with MR enquiries increased by 85% compared to the ones seen before the holidays, with Aframaxes following the same direction (by about 70%). The relevant indices for Panamaxes, Suezmaxes and VLCCs have shown an impressive upward trend, however this would be attributed to the levels very close to zero that we’ve been facing during the past few weeks.
NEWBUILDINGS In the newbuilding market we have seen 17 vessels to have been contracted. 6 Bulk Carriers (VLOC, Capesize, Handysize) 1 Tanker (MR) 10 Containerships (10,000 TEU)
DEMOLITION The second highest year in history, following 2012, in terms of demolition activity has passed. India is back, despite the Christmas holidays, ready to compete and acquire tonnage, backed up by the well anticipated stability in the local currency, with expectations for prices being optimistic, mainly due to the fact that yards have remained empty during the last 2 months and the reasonable reaction would be trying to stock. In Bangladesh, everyone’s attention is on developments regarding the political crisis, with local elections creating uncertainty and trouble, with buying appetite even from speculators slowing down significantly. In Pakistan, the local market has not been competitive for yet another week, with uncertainty around the local currency being the biggest issue. In China, despite the recent complete absence, signs of recovery have made their appearance, however the lack of tonnage due to the holiday period has prevented those signs from forming an actual condition.
2
2 9 - 8/5 16--15/5//201 2 23- 22/5 20 12 30/ 29/5/2 01 5/2 2 6 5/6 012 13--12/6// 2012 20- 19/6/20 12 27/ 26/6 2 01 4 6- 3 /2 012 2 11//7- 10//7/ 201 77 2 18-17/7//2012 2 2 0 4 25- /7/ 12 2 3 1 1/7/ 012 8 - 7/8 2 012 15--14/8//201 2 22 21/8 20 1 29/ - 28/8/2 012 8/2 2 5 4/9 012 12--11/9/ 2012 19- 19/9//20 12 26/ 25/ 2 0 9- 2 9/2 12 3- 9/10 /2012 10- /10/2 012 17- 16/1 0 12 2 23 0 /1 31/4- 30//10 /12 10 10 2 7 -6/1 1//12 12 14--13/11 20 /1 282/1- 27/11 /12 11 - /11 2 5- 14/1 2/12 19/ 12- 11/12//12 12 / 8/1 1 2 12 2 /1 9 - 8/1 2 16--15/1 /13 23 22/1/13 30/- 29/1/1 3 1/1 6 5/2 3 13--12/2// 13 20- 19/2 13 2 27/ 6/2/1 3 2/1 6 5/3 3 13--12/3// 13 1 9 20 /3 13 27/- 26/3/1 3 3- 2 /1 3 3 /4 13 10- - 9/4//1 17- 16/4/ 3 24- 23/4/1 3 1 30 1 3 8- 1- 7/5//24/1 3 4 1 15- /5/20 0 3 22 21/5 13 29/- 28/5/1 3 5- 4 /1 3 5- 1 /6/ 1 3 1912- 11/6/1 26/ - 25/68/6/13 6- 2 /2 0 3 /7/ 2 13 - 9/7 013 103 17-- 16/7//201 3 24- 23/7 2 013 30/ /2 0 31 7/2 13 7 /7- 6 013 14--13/8/ /8/ 13 20 20 2 1 28/ - 27/8/2 013 8- /8 1 04-03/9//2 013 3 11- 10/9/ 2013 18- 17/9/2 013 25/ 24/ 2 0 9- 1 9/2 13 2 /10 013 9 - 8/1 /2013 /20 16--15/10 3 2 22 0/2 1 13 30/3- 29//10 /20 10 - 10 / 013 5/1 201 13- 6- 121/2013 1 / /11 3 1 / /1 3 27/ 20- 29 2 1 11 - 6/11 03 / 1 /20 0 3 4- 112/20 13 11- 0/11 13 18- 17/1 /1 3 /1 25- 24/12 31/ 2 /13 1- 712 /13 /1/1 3 4
Sale & Purchase
Indicative Market Values – ( 5 yrs old / Mill $ ) Bulk Carriers
Capesize Panamax Supramax Handysize
VLCC Suezmax Aframax Panamax MR Week 51 35 25.5 24 19
Tankers
52 42 30 27 25
SHIPTRADE P/E WEEKLY INDEX
Week 50 35 25.5 24 19 Change % 0,00 0,00 0,00 0,00
52 42 30 27 25 0,00 0,00 0,00 0,00 0,00
Weekly Purchase Enquiries Korea China Spore
Greece Other SUM KCS
400
350
300
250
200
150
100
50
0
-50
3
Sale & Purchase
Reported Second-hand Sales Bulk Carriers Name
Dwt
DoB
Yard
Maja
56.733
2011
B Handy
36.866
2011
Zhejiang Zengzhou, Chn HMD, Kr
Name
Dwt
DoB
Yard
SS
Engine
Gear
Price
Buyer
09/2016
B&W
4 X 30 T
$19.200.000
Greek (LMZ Shipping)
05/2016
B&W
4 X 30 T
$20.000.000
Greek
Engine
Hull
Price
Buyer
Tankers SS
Tordis Knutsen
123.848
1993
Aesa, Sp
-
B&W
DH
$8.200.000
Norwegian (Offshore Heavy Transport AS)
Valpiave
109.060
2010
Hudong, Chn
01/2015
B&W
DH
Valconca
109.060
2009
Hudong, Chn
07/2014
B&W
DH
$28.000.000 (each en bloc)
Undisclosed
Arctic Gas (LPG)
23.256
1993
Hyundai Heavy Ind. Kr
04/2015
B&W
-
$20.000.000
Undisclosed
Containers Name
Teu
DoB
Yard
SS
Engine
Gear
Price
Buyer
Mercur Star
2.604
1996
Flensburger, Ger
12/2015
B&W
-
$6.500.000
Chinese
4
Newbuildings
Newbuilding Orders No
Type
Dwt / Unit
Yard
Delivery
Owner
Price
2 2 2 10 1
BC BC BC Container Tanker
250.000 180.000 38.000 10.000 teu 39.000
Bohai Qingdao Dingheng DSME HMD
2016 2015 2016 2016 2015
Oak Undisclosed Diler Shipping Zodiac Top Ships
63 90 35
Newbuilding Prices (Mill $) – Japanese/ S. Korean Yards
Capesize Panamax Supramax Handysize VLCC Suezmax Aframax Panamax MR
Newbuilding Bulk Carriers 48 28 25 20 Tankers 90 57 46.5 40 34
Resale Prices 42 29 26 22 80 54 37 37.5 36
Newbuilding Resale Prices Bulk Carriers (2008 – Today)
Tankers (2008 – Today)
5
Demolitions
Demolition Sales Vessel
Type
Built
Dwt
Ldt
Buyer Country
Price
Maersk Miami Nedlloyd America Sunny Sailor Carpio Yun Tong
Container
1994
55.238
23.800
India
450
Container
1992
50.620
20.447
India
450
BC BC BC
1990 1989 1982
149.498 69.703 61.537
18.464 10.019 11.843
Bangladesh Bangladesh China
442 442 350
Demolition Prices ($ / Ldt) Dry Wet
Bangladesh
China
India
Pakistan
430 450
350 360
420 450
430 460
Demolition Prices Bulk Carriers (2008 – Today)
Tankers (2008 – Today)
6
Dry Bulk - Chartering
In Brief: Holiday mood
Capesize: ITS MORE LIKE A “ROCKY BOTTOM”. BCI during the last week of the year recover the losses of the week 51 reaching 4078 units after an increase of 203 units or 5% but still lower than week 50 (-168 units or -3%). In the Atlantic Capers fixed at USD 30.114(Tubarao – Qingdao) and USD 12.841 for the W. Australia to Qingdao. Finally the Average of the T/C routes marked at USD 38.999, a gain of about 8% from the previous week.
Panamax: Negative sentiment still on. BPI index at the beginning of the week was at 1780 points and at the end of the week closed at 1750 points decreasing by 30 points. In the Atlantic basin tonnages for the usual TA round were fixed at USD about 17.500 – 18.000. In the Pacific market remain in the same negative mood, tonnages for Pacific RV were fixed at USD 11.000-12.000 and for back hauls at USD 2000.
Supramax: China in free fall. The week began with the index falling at 1330 points and closed at 1276 points. In the Atlantic basin tonnages for the usual TA round were fixed at USD 19.500 – 20.500. In the Pacific market remain in the same negative mood China is falling badly, tonnages for Pacific RV were fixed at USD 8.100 – 8.700 and for back hauls at USD 4.500 – 5.000.
Handysize: : Following the down going trend As expected the rates in the handy size market dropped following the trend during this week. In the Pacific Basin the rounds close at mid 8’s region and owners kept their ships spot instead of fixing very low period rates. No much backhaul activity either. In the Atlantic basin the rates are still decent but decreased considerably compared with last week. The transatlantic round rate closed at low-mid teens and the fronthaul rates closed at mid-high teens for the clean cargoes and at high teens for the dirty ones. No period activity in the Atlantic either in light of the holiday mood and the lower rates during last 3 months.
7
Dry Bulk - Chartering
Baltic Indices – Dry Market (*Friday’s closing values) Index BDI BCI BPI BSI BHSI
Week 1 2036 3531 1750 1276 763
Week 52 2330 4246 2096 1553 814
Change (%) -12,62 -16,84 -16,51 -17,84 -6,27
T/C Rates (1 yr - $/day) Type Capesize Panamax Supramax Handysize
Size 160 / 175,000 72 / 76,000 52 / 57,000 30 / 35,000
Week 1
Week 52
35886 14100 13000 10400
21150 14250 13000 10400
Change (%) 69,67 -1,05 0,00 0,00
Average Spot Rates
Type
Size
Capesize
160 / 175,000
Panamax
72 / 76,000
Supramax
52 / 57,000
Handysize
30 / 35,000
Route Far East – ATL Cont/Med – Far East Far East RV TransAtlantic RV Far East – ATL ATL / Far East Pacific RV TransAtlantic RV Far East – ATL ATL / Far East Pacific RV TransAtlantic RV Far East – ATL ATL / Far East Pacific RV TransAtlantic RV
Week 1 14500 56000 24000 15750 2000
25000 11600 17700 4850 22300 8400 20000 6750 18000 8400 13000
Week 52 17500 74900 40700 42000 3500 30000 14500 21000 8300 26000 11750 20000 8750 20750 11000 13750
Change % -17,14 -25,23 -41,03 -62,50 -42,86 -16,67 -20,00 -15,71 -41,57 -14,23 -28,51 0,00 -22,86 -13,25 -23,64 -5,45
8
Dry Bulk - Chartering
ANNUAL
SEPTEMBER 2013 – DECEMBER 2013
9
Dry Bulk - Chartering
Capesize Routes – Atlantic 2012 / 13
$40.000,00 C2 TUB / ROT
$35.000,00 $30.000,00
C4 RBAY / ROT C7 BOL / ROT
$25.000,00 $20.000,00 $15.000,00
C8 T/A RV
$10.000,00 $5.000,00
AVG ALL TC
$0,00 1
4
7
10 13 16 19 22 25 28 31 34 37 40 43 46 49 52 55
Capesize Routes – Pacific 2012 / 13 $60.000,00 C3 TUB / PRC
$50.000,00 $40.000,00
$20.000,00
C5 W AUST / PRC C9 CONT / FE
$10.000,00
C10 FE R/V
$30.000,00
$0,00 1
4
7
10 13 16 19 22 25 28 31 34 37 40 43 46 49 52 55
Panamax Routes – Atlantic 2012 / 13 30000 25000 20000
P1A T/A RV
15000 P2A CONT/FE
10000 5000 0 1
4
7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52 55
10
Dry Bulk - Chartering
Panamax Routes – Pacific 2012 /13
$20.000,00
$15.000,00 P3A FE R/V $10.000,00 P4 FE/CON $5.000,00 AVG ALL TC $0,00 1
4
7
10 13 16 19 22 25 28 31 34 37 40 43 46 49 52 55
$5.000,00
Supramax Routes – Atlantic 2012 /13 35000 30000
S1A CON / FE
25000
S1B BSEA / FE
20000 15000
S4A USG / CONT
10000
S4B CONT / USG S5 WAFR / FE
5000
55
52
49
46
43
40
37
34
31
28
25
22
19
16
13
10
7
4
1
0
Supramax Routes – Pacific 2012 / 13
$18.000,00 $16.000,00
S2 FE R/V
$14.000,00 $12.000,00 $10.000,00
S3 FE / CON
$8.000,00 $6.000,00 $4.000,00
AVG ALL TC
$2.000,00 $0,00 1
4
7
10 13
16 19
22 25
28
31 34
37 40
43 46
49 52
55
11
Tanker - Chartering
VLCC: -
Suezmax: -
Aframax: -
Panamax: -
Products: -
Baltic Indices – Wet Market (*Friday’s closing values) Index
Week 1 932 628
BCTI BDTI
Week 52 823 632
Change (%) 13,24 -0,63
T/C Rates (1 yr - $/day) Type
Size
Week 1
Week 52
Change (%)
VLCC
300.000
26,000
26,000
0,00
Suezmax
150.000
16,000
15,000
6,67
Aframax
105.000
16,000
16,000
0,00
Panamax
70.000
15,750
15,750
0,00
MR
47.000
14,500
14,500
0,00
12
Tanker - Chartering
Crude Tanker Average Spot Rates Type
VLCC
Size (Dwt)
Route
Week 1 WS
Week 52 WS
280,000
AG – USG
-
-
260,000
W.AFR – USG
-
-
260,000
AG – East / Japan
-
-
135,000
B.Sea – Med
-
-
130,000
WAF – USAC
-
-
80,000
Med – Med
-
-
80,000
N. Sea – UKC
-
-
80,000
AG – East
-
-
70,000
Caribs – USG
-
-
Change %
Suezmax
Aframax
Product Tanker Average Spot Rates Type
Clean
Size (Dwt)
Route
Week 1 WS
Week 52 WS
75,000
AG – Japan
-
-
55,000
AG – Japan
-
-
38,000
Caribs – USAC
-
-
37,000
Cont – TA
-
-
55,000
Cont – TA
-
-
50,000
Caribs – USAC
-
-
Change %
Dirty
13
Tanker - Chartering
VLCC Trading Routes 2012 / 13
80,00 70,00 60,00
AG EAST JAPAN
50,00
AG - USG
40,00 WAFR - USG 30,00 20,00 10,00 0,00 1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49 51 53 55 57 59 61 63 65
Suezmax Trading Routes 2012 / 13 120,00
100,00
80,00 B. SEA - MED 60,00 WAF - USAC 40,00
20,00
0,00 1
3
5
7
9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49 51 53 55 57 59 61 63 65
Aframax Trading Routes 2012 / 13
160,00 140,00
120,00
MED - MED
100,00
N.SEA - UKC AG - EAST
80,00
CARIBS USG 60,00 40,00
20,00 0,00 1
3
5
7
9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49 51 53 55 57 59 61 63 65
14
Tanker - Chartering
Clean Trading Routes – 2012 / 13
250,00
200,00
AG - JAPAN (75,000) AG - JAPAN (55,000)
150,00
CARIBS - USAC (37,000) 100,00 CONT - TA (37,000)
50,00
0,00 1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49 51 53 55 57 59 61 63 65
Dirty Trading Routes – 2012 / 13
200 180 160 CONT - TA (50,000) 140 120 100
CARIBS - USAC (50,000)
80 60 40 20 0 1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49 51 53 55 57 59 61 63 65
15
Financial Market Data
Shipping Stocks
Company Baltic Trading Ltd (BALT) Diana Shipping Inc (DSX) Dryships Inc (DRYS) Euroseas Ltd (ESEA) Excel Maritime Carriers (EXM) Eagle Bulk Shipping Inc (EGLE) Freeseas Inc (FREESE) Genco Shipping (GNK) Navios Maritime (NM) Navios Maritime PTN (NMM) Paragon Shipping Inc (PRGN) Star Bulk Carriers Corp (SBLK) Seanergy Maritime Holdings Corp (SHIP) Safe Bulkers Inc (SB) Golden Ocean (GOGL)
Dry Bulk Stock Exchange
Week 1
Week 52
Change %
NYSE NASDAQ NASDAQ NASDAQ NYSE NASDAQ NASDAQ NYSE NYSE NYSE NASDAQ NASDAQ NASDAQ NYSE Oslo Bors (NOK)
6,39 13,31 4,26 1,39 0,22 4,34 2,25 2,42 10,43 18,63 7,35 12,89 1,89 10,17 11,10
5.64 12.27 3.66 1.23 0.12 3.23 1.33 1.93 9.42 17.81 6.37 10.45 1.44 8.93 11.10
13,30 8,48 16,39 13,01 83,33 34,37 69,17 25,39 10,72 4,60 15,38 23,35 31,25 13,89 0,00
8,84 1,78 5,94
9.24 1.62 5.44
-4,33 9,88 9,19
10,93 5,49 10,22 55,11 14,33 43,19 67,52
10.47 4.60 10.57 51.78 14.67 40.34 63.74
4,39 19,35 -3,31 6,43 -2,32 7,06 5,93
Tankers Capital Product Partners LP (CPLP) TOP Ships Inc (TOPS) Tsakos Energy Navigation (TNP)
NASDAQ NASDAQ NYSE
Aegean Maritime Petrol (ANW) Danaos Corporation (DAC) StealthGas Inc (GASS) Rio Tinto (RIO) Vale (VALE) ADM Archer Daniels Midland (ADM) BHP Billiton (BHP)
NYSE NYSE NASDAQ NYSE NYSE NYSE NYSE
Other
Commodities Commodity Brent Crude (BZ) Natural Gas (NG) Gold (GC) Copper Wheat (W)
Week 1
Week 52
Change (%)
107,07 4,37 1227 335 278,88
110.56 4.24 1231 332.80 289.35
-3,16 3,07 -0,32 0,66 -3,62
16
Financial Market Data / Bunker Prices / Port Congestion
Currencies EUR / USD USD / JPY USD / KRW USD / NOK
Week 1
Week 52
Change (%)
1,36 104,86 1055 6,16
1.37 103.1 1052 6.18
-0,73 1,71 0,29 -0,32
Bunker Prices Piraeus Fujairah Singapore Rotterdam Houston
IFO 380
IFO 180
MGO
599 610 600 567 585
630 635 615 590 660
935 985 905 880 970
Port Congestion* Port
No of Vessels China
Rizhao Lianyungang Qingdao Zhanjiang Yantai
22 19 33 44 28
India Chennai Haldia New Mangalore Kakinada Krishnapatnam Mormugao Kandla Mundra Paradip Vizag
31 42 27 29 13 25 12 23 11 24 South America
River Plate Paranagua Praia Mole
137 24 20
* The information above exhibits the number of vessels, of various types and sizes, that are at berth, awaiting anchorage, at anchorage, working, loading or expected to arrive in various ports of China, India and South America during Week 51 of year 2013.
17