ATHENIAN SHIPBROKERS S.A. 107-109, Vas. Pavlou Str., GR 166 73, Voula , Athens, Greece
Tel: 210 9659700 - Fax: 210 8996040
Internet Mail: athenian(at)atheniansa(dot)gr
www.atheniansa.gr
December 2018
M O N T H L Y R E P O R T
0
500
1000
1500
2000
2500
De
c-1
3
Feb
-14
Ap
r-1
4
Jun
-14
Au
g-1
4
Oct
-14
De
c-1
4
Feb
-15
Ap
r-1
5
Jun
-15
Au
g-1
5
Oct
-15
De
c-1
5
Feb
-16
Ap
r-1
6
Jun
-16
Au
g-1
6
Oct
-16
De
c-1
6
Feb
-17
Ap
r-1
7
Jun
-17
Au
g-1
7
Oct
-17
De
c-1
7
Feb
-18
Ap
r-1
8
Jun
-18
Au
g-1
8
Oct
-18
De
c-1
8
Baltic Dry Index
PRICES TANKERS ($ MIO)
* Prices reflect Year’s End 2012* 2013* 2014* 2015* 2016* 2017* Dec-18
VLCC 5Y 56.0 55.8 77.1 80 60 64 65.4
VLCC 10Y 35.0 35.0 52.1 55 40 41 42
SUEZMAX 5Y 40.2 39.5 56.8 60 40 43.5 43.5
AFRAMAX 5Y 28.0 27.8 41.9 46 29 32 32.5
AFRAMAX10Y 16.3 16.3 26.8 31 18 20 20
PANAMAX5Y 24.3 24.3 33.4 35 28 29 29.8
47K 5Y 23.0 23.3 23.8 28.9 22 26.8 26.6
45K 10Y 15.5 15.7 15.2 19.6 15.5 17 15.4
45K 20Y 6.2 6.2 6.5 8.5 5.1 5.1 5.7
PRICES BULKERS ($ MIO)
* Prices reflect Year’s End 2012* 2013* 2014* 2015* 2016* 2017* Dec-18
CAPESIZE 5Y 32.0 43.9 39.5 25 24 33 33.6
CAPESIZE 10Y 20.5 31.0 27.8 13.6 15 20.5 23.5
CAPESIZE 15Y 12.7 18.2 16.3 8.5 8 13 14.2
CAPESIZE 20Y 9.3 10.1 9.0 5.6 5.5 7 8.5
KAMSARMAX 5Y 18.0 25.6 20.1 14 14 22.5 22.8
PANAMAX 10Y 12.5 17.9 14.6 8.5 8.5 14.5 13.5
PANAMAX 15Y 8.3 12.0 10.0 5 5.4 11 9.6
PANAMAX 20Y 5.4 7.5 5.4 3.6 3.6 6.5 6.5
SUPRAMAX 5Y 23.3 24.3 20.8 13.6 14 17.5 17.1
SUPRAMAX 10Y 13.0 17.4 13.8 8 9.5 13.5 13
HANDYMAX15Y 8.7 10.9 9.1 4.5 5.8 9.5 9.3
HANDYMAX20Y 6.3 6.4 6.2 3.5 2.8 6.5 5
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2
♦Prior 2017 76-78k dwt
S E C O N D H A N D S A L E S & C H A R T E R F I X T U R E T R E N D S
0
10
20
30
40
50
60
70
80
90
Pri
ce (
US
D M
io)
Monthly Tanker Price Trend
VLCC 5Y VLCC 10Y SMAX 5Y AMAX 5Y
AMAX 10Y PMAX 5Y 47K 5Y 45K 10Y
0
10000
20000
30000
40000
50000
60000
70000
(US
D)
Monthly 1 Yr TC Rates
VLCC 1 Yr T/C SMAX 1 Yr T/C AMAX 1 Yr T/C
PMAX 1 Yr T/C MR 1 Yr T/C
0
10
20
30
40
50
60
Pri
ces
(US
D M
io)
Monthly Bulk Carrier Price Trend
CAPE 5Y CAPE 10Y CAPE 15Y
KMAX 5Y PMAX 10Y PMAX 15Y
SUPRA 5Y SUPRA 10Y HMAX 15Y
0
5000
10000
15000
20000
25000
30000
35000
(US
D)
Monthly 1 Yr TC Rates
CAPE 1 Yr T/C PMAX 1 Yr T/C
SUPRA 1 Yr T/C HMAX 1 Yr T/C
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3
S E C O N D H A N D T O N N A G E M A R K E T
*Excluding demolition sales
Sale and Purchase Market
Ship Type Jul-18 Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 Total
BULK 43 35 27 64 54 26 249
TANK 26 15 20 22 54 22 159
GAS 11 2 1 1 3 0 18
CONT 6 3 3 12 6 12 42
TWEEN/MPP 4 0 0 2 7 0 13
REEF 0 0 0 0 0 0 0
RORO 0 0 0 0 0 0 0
FERRY 0 0 0 0 0 0 0
CRUISE 2 0 0 0 0 0 2
Total 92 55 51 101 101 101 501
330
26
384
54
0
200
400
600
THIS MONTH - PREVIOUS MONTH
S&P Activity Dry(>5,000 Dwt)
AVAILABLE FOR SALE
REPORTED SOLD
PREVIOUS MONTH A/BLE FORSALEPREVIOUS MONTH SALES
189
22
266
54
0
100
200
300
THIS MONTH - PREVIOUS MONTH
S&P Activity Tankers(>5,000 Dwt)
AVAILABLE FOR SALE
REPORTED SOLD
PREVIOUS MONTH A/BLE FORSALEPREVIOUS MONTH SALES
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4
TANKER SALES
NAME DWT BLT PRICE $ BUYER
TURQUOISE T 13947 2008 TURKEY DH 8.5 MIO CANADIAN (Phenolic Epoxy)
TOPAZ T 13966 2009 TURKEY DH 9 MIO CANADIAN (Phenolic Epoxy)
CHEMROAD FUJI 33888 2006 JAPAN DH 15.3 MIO NORWEGIAN (SUS 316L)
DUKHAN 40231 2003 KOREA DH * ENBLOC BSS▼
JINAN 40232 2003 KOREA DH 18.5 MIO UNDISCLOSED (Phenolic epoxy)
ARDMORE SEAMASTER 45840 2004 JAPAN DH 8.2 MIO UNDISCLOSED(Pure epoxy)
MAERSK MIZUSHIMA 45996 2009 JAPAN DH 16 MIO UNDISCLOSED
FALCON VICTORY 46473 1999 KOREA DH 5.8 MIO ENBLOC BSS▼
FALCON GRACE 46475 1999 KOREA DH 5.8 MIO UNDISCLOSED (Epoxy)
MR KENTAURUS 46763 2007 KOREA DH 13.7 MIO NORWEGIAN
AYESHA 47134 2008 KOREA DH 16.2 MIO GERMAN (Pure epoxy)
ARDMORE SEATRADER 47141 2002 JAPAN DH 8 MIO INDIAN
UNIQUE DEVELOPER 47366 2010 JAPAN DH 17 MIO UNDISCLOSED
MORNING HARUKA 47407 2005 JAPAN DH 10.5 MIO NORWEGIAN
NORD INSPIRATION 47987 2010 JAPAN DH 16.8 MIO JAPANESE (Incl 5 year TC)
HIGH TRADER 50020 2015 VIETNAM DH 27 MIO JAPANESE (Incl 10 yrs bbb with purchase
obligation)
CPO CHINA 51672 2010 KOREA DH 18.5 MIO ENBLOC BSS▼
CPO INDIA 51703 2010 KOREA DH 18.5 MIO UK
KIND DARWIN 73604 2007 CHINA DH 13 MIO SINGAPOREAN (Epoxy)
GULF VISION 114900 2012 KOREA DH * ENBLOC BSS▼
GULF VALOUR 114900 2013 KOREA DH 64 MIO GREEK
JIANGSU RONGSHENG
1161 156900 2018 CHINA DH 49.5 MIO GREEK (Dely 09/2019,scrubbers fitted)
519
594
910
350
450
550
650
750
850
950
1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52
WEEK NO
Baltic Clean Tanker - Yearly
20182017
707759
1152
450
650
850
1050
1250
1450
1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52
WEEK NO
Baltic Dirty Tanker - Yearly
20182017
894
909
833
750
800
850
900
950
03/12/2018 08/12/2018 13/12/2018 18/12/2018
Baltic Clean Tanker - Monthly
1160
12231258
1000
1050
1100
1150
1200
1250
1300
03/12/2018 08/12/2018 13/12/2018 18/12/2018
Baltic Dirty Tanker - Monthly
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
5
39700
45800
47750
0
10000
20000
30000
40000
50000
60000
Dec-17 Feb-18 Apr-18 Jun-18 Aug-18 Oct-18 Dec-18
$/D
ay
Spot Market - Tankers
VLCC
SUEZMAX
AFRAMAX
32750
23950
18850
10000
15000
20000
25000
30000
35000
Dec-17 Feb-18 Apr-18 Jun-18 Aug-18 Oct-18 Dec-18
$/D
ay
Period Market - Tankers 1 Year T/C
VLCC
SUEZMAX
AFRAMAX
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6
BULKER SALES
NAME DWT BLT GEAR PRICE $ BUYER
CENTURY PEARL 16383 2008 JAPAN CR 4X30.5 7 MIO TURKISH
CHANG LING HAI 23444 2010 CHINA GLESS * ENBLOC BSS▼
CHANG HENG HAI 23772 2009 CHINA GLESS 11.2 MIO CSC PHOENIX
AMSEL 27308 1994 JAPAN CR 4X30.5 2.2 MIO UNDISCLOSED (At auction)
MOUNT TRAVERS 28484 2002 JAPAN CR 4X30.5 6 MIO UNDISCLOSED
BONNIE VENTURE 32500 2012 CHINA CR 4X30 9.5 MIO EUROPEAN (USCG & IMO exemption
til 11/2021, A60 Bulkhead,no logger)
STELLA T 48224 1997 JAPAN CR 4X25 4.7 MIO CHINESE (DD due)
CONDOR 50296 2000 JAPAN CR 4X30 6.8 MIO INDONESIAN (DD due 01/2019)
JIN QUAN 51104 2002 JAPAN CR 4X30 6.9 MIO CHINESE (DD due 06/2019)
TIGRIS 52454 2003 JAPAN CR 4X30 8.9 MIO UNDISCLOSED (USG BWTS til
05/2021)
MERCURY OCEAN 53452 2008 JAPAN CR 4X30.5 11.3 MIO UNDISCLOSED
LUISIA COLOSSUS 55455 2010 JAPAN CR 4X30.5 14.8 MIO GREEK
CONTI LAPISLAZULI 57001 2011 CHINA CR 4X30 10.5 MIO UNDISCLOSED
PM HAYABUSA 58065 2013 PHILIPPINES CR 4X30 17.2 MIO UNDISCLOSED
VERONIQUE D 58698 2012 CHINA CR 4X30 16 MIO ENBLOC BSS▼
ANJELIQUE D 58689 2012 CHINA CR 4X30 16 MIO GREEK
SHUN YI 73461 2001 JAPAN CR 4X30 9.5 MIO FAR EASTERN
JANNA S 75200 2010 CHINA GLESS 10.5 MIO UNDISCLOSED
TINA 75933 2000 JAPAN GLESS 5.8 MIO UNDISCLOSED (At auction)
SEATRIBUTE 81642 2012 KOREA GLESS 20.3 MIO MINSHENG FINANCIAL LEASING
KARLOVASI 82354 2016 JAPAN GLESS 28 MIO UNDISCLOSED
AMORITO 179322 2012 KOREA GLESS 32.5 MIO KOREAN
SHAGANG HONGFA 179461 2011 KOREA GLESS 33 MIO ENBLOC BSS▼
624
614
596
550
570
590
610
630
650
03/12/2018 12/12/2018 21/12/2018
Baltic Handysize
953 968 975
850
900
950
1000
1050
1100
03/12/2018 12/12/2018 21/12/2018
Baltic Supramax
1474
1445
1492
1350
1400
1450
1500
1550
03/12/2018 12/12/2018 21/12/2018
Baltic Panamax
1925
2433
1905
1400
1700
2000
2300
2600
03/12/2018 12/12/2018 21/12/2018
Baltic Capesize
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7
SHAGANG
HONGCHANG 179469 2011 KOREA GLESS 33 MIO UNDISCLOSED ( Incl TC til 09/2021)
FIVE STARS BEIJING 181417 2010 JAPAN GLESS 23.1 MIO ZHUNUO SHIPPING (At auction)
FRONTIER CORONET 182674 2011 JAPAN GLESS 29.5 MIO GREEK
CONTAINER SALES
NAME DWT BLT GEAR TEU PRICE $ BUYER
ALSTERDIJK 21150 2011 CHINA GLESS 1436 * ENBLOC BSS▼
AMERDIJK 21231 2011 CHINA GLESS 1436 * ENBLOC BSS▼
AALDERDIJK 21298 2011 CHINA GLESS 1436 * ENBLOC BSS▼
AKERDIJK 21293 2011 CHINA GLESS 1436 37 DUTCH
AS SAVONIA 21614 2000 KOREA GLESS 1679 4 GERMAN
CAFER DEDE 26811 2008 TURKEY GLESS 1849 9 ENBLOC BSS▼
IBRAHIM DEDE 26811 2008 TURKEY GLESS 1849 9 GREEK
MAUNALEI 34026 2006 USA GLESS 2526 10.6 UNDISCLOSED
CAP BON 34457 2006 KOREA GLESS 2602 13 UK
CAP SAN JUAN 123101 2015 KOREA GLESS 10600 * ENBLOC BSS▼
CAP SAN LAZARO 123205 2015 KOREA GLESS 10600 * ENBLOC BSS▼
CAP SAN VINCENT 123383 2015 KOREA GLESS 10600 90 UNDISCLOSED
14000
13750
9370
0
5000
10000
15000
20000
25000
30000
Dec-17 Feb-18 Apr-18 Jun-18 Aug-18 Oct-18 Dec-18
$/D
ay
Spot Market - BulkersCAPESIZE
PANAMAX
HANDYMAX
17350
13000
12100
4100
6100
8100
10100
12100
14100
16100
18100
20100
22100
Dec-17 Feb-18 Apr-18 Jun-18 Aug-18 Oct-18 Dec-18
$/D
ay
Period Market - Bulkers 1 Year T/CCAPESIZE
PANAMAX
SUPRAMAX
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8
N E W B U I L D I N G M A R K E T A N D R E P O R T E D C O N T R A C T S
Ship Type 2018 2019 2020+ Total
Capesize 8 93 98 199
Kamsarmax 9 158 101 268
Supra/Hmax 5 138 81 224
Handies 15 151 58 224
Total 37 540 338 915
Ship Type 2018 2019 2020+ Total
ULCC/VLCC 2 59 34 95
Suezmax 3 26 23 52
Aframax 6 59 38 103
Panamax 1 13 18 32
MR+Small 12 82 20 114
Total 24 239 133 396
Ship Type 2018 2019 2020+ Total
VLGC 1 18 21 40
LGC 0 0 0 0
MR 0 10 2 12
Handy 2 9 6 17
Small 1 5 7 13
Total 4 42 36 82
92.4
60.6
48.1
36.7
20
40
60
80
100
Dec-16 Apr-17 Aug-17 Dec-17 Apr-18 Aug-18 Dec-18
$m
Tanker Prices VLCC Suezmax
Aframax MR
50.4
28.1
26.2
23.9
10
15
20
25
30
35
40
45
50
55
Dec-16 Apr-17 Aug-17 Dec-17 Apr-18 Aug-18 Dec-18
$m
Bulker Prices Capesize Kamsarmax
Supramax Handysize
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
9
79
250
201
47
248277
80 104
192
0
100
200
300
2016 2017 Dec-18
No
. o
f V
es
se
ls
Newbuilding Sales Tankers
Bulkers
Containerships
3.9
37.6
41.2
3.2
39.5
22.9
0
5
10
15
20
25
30
35
40
45
Dec-18 2019 2020+
m. d
wt
Delivery Schedule Bulkers
Tankers
31
8.912.8
2.8
10.8
0
5
10
15
20
25
30
35
December 2018
m.
dw
t
Tanker Newbuildings on Order VLCC Suezmax
Aframax Panamax
Products
48.9
20.9
12.5
4.2
0
10
20
30
40
50
60
December 2018
m. d
wt
Bulker Newbuildings on Order CapesizeKamsarmaxSupramaxHandysize
Newbuilding Historical Prices ($m)
Tankers Dec-18 2017 2016 2015 2014 2013 2012 2010 2008 2005 2000 1995 1990 1985
320,000 DWT1 92.4 81.5 84.5 93.7 97.3 93.8 93.2 104.8 150 120 76.5 85.3 87.4
2 38.2
170,000 DWT1 60.6 55 54.5 63 65.5 59.6 57.1 66.3 90 71.5 52.5 54 66.1
2 28.2
115,000 DWT1 48.1 44 44.5 52 53.6 52.2 48.5 56 74 58 41.5 43.3 53.2
2 18.1
50,000 DWT1 36.7 33.8 32.5 35.4 36.8 34.6 33.8 36.1 46.5 43 29.5 33.2
3 32.1
3 13.3
Bulkers
185,000 DWT1 50.4 44 42 46 54.2 53.6 45.7 57.2 87 58.5 40.5 42.3 60.2 29.3
83,000 DWT1 ♦
28.1 25.5 24.5 25.7 29 27.8 25.6 34.3 45.5 36 22.5 27.9 30 13.4
64,000 DWT♦ 26.2 24 22.3 24.1 27.2 26.5 23.7 31.1 41 31 20.5 24.1 25.3 12.4
35,000 DWT♦ 23.9 22 19.5 20.3 22.8 22.2 20.5 26.3 31 25.5 15 19.2 21.3 9.7
1 Before 2001 sizes to read 280,000 - 140,000 - 95,000 - 40,000 respectively for tankers and 150,000 - 69,000 for Bulkers
2 Single Hull
3 30,000
DWT ♦Prior 2017 to read 73 – 76k dwt, 45k dwt & 30k dwt
(note: above is for vessels built Japan / Korea, you should also consider US$ / Yen / Won relation for the years mentioned)
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10
The Shipbuilding Market
TYPE DWT BUILDER DELIVERY PRICE $ OWNER NOTES
Accom. Unit Hayvard Leirvik 2021 ESVAGT
Bulk 210000 New Times SB 2020 Polaris Shipping Co
Bulk 210000 New Times SB 2020 Polaris Shipping Co
Bulk 210000 New Times SB 2021 Polaris Shipping Co Option
Bulk 210000 New Times SB 2021 Polaris Shipping Co Option
Bulk 59990 Taizhou Kouan SB 2020 Nanjing Twin Rivers
Bulk 59990 Taizhou Kouan SB 2020 Nanjing Twin Rivers
Chem & Oil 22000 Wuhu Shipyard 2021 Donsotank Rederi
Chem & Oil 22000 Wuhu Shipyard 2021 Donsotank Rederi
Chem & Oil 49700 GSI Nansha 2020 CSC Nanjing Tanker
Container 30000 Zhoushan Changhong 2020 Gerchicon
Container 30000 Zhoushan Changhong 2020 Gerchicon
Container 30000 Zhoushan Changhong 2020 Gerchicon Option
Container 30000 Zhoushan Changhong 2020 Gerchicon Option
Container 30000 Zhoushan Changhong 2020 Gerchicon Option
Container 30000 Zhoushan Changhong 2021 Gerchicon Option
Container 30000 Zhoushan Changhong 2021 Gerchicon Option
Container 30000 Zhoushan Changhong 2021 Gerchicon Option
Container 30000 Zhoushan Changhong 2021 Gerchicon Option
LNG 96000 Samsung HI 2021 179.8 mio Nippon Yusen Kaisha
LNG 96000 Samsung HI 2021 179.8 mio Nippon Yusen Kaisha
LNG 20000 Hyundai Mipo 2021 77.4 mio Knutsen OAS Shipping
LNG 20000 Hyundai Mipo 2021 77.4 mio Knutsen OAS Shipping Option
LNG 96000 Daewoo (DSME) 2021 185 mio BW Gas
LNG 96000 Daewoo (DSME) 2021 185 mio BW Gas
LNG 96000 Daewoo (DSME) 2022 185 mio BW Gas Option
LNG 96000 Daewoo (DSME) 2022 185 mio BW Gas Option
LNG 96000 Daewoo (DSME) 2022 185 mio BW Gas Option
LNG 96000 Daewoo (DSME) 2022 185 mio BW Gas Option
LNG 96000 Samsung HI 2021 187 mio Undisclosed
LNG 96000 Hyundai Samho HI 2020 Nippon Yusen Kaisha
LNG 96000 Hyundai Samho HI 2021 Nippon Yusen Kaisha
LNG 96000 Hyundai Samho HI 2021 Nippon Yusen Kaisha
LNG 95000 Daewoo (DSME) 2021 Maran Gas Maritime
LNG 96000 Samsung HI 2021 185.5 mio Undisclosed
LNG 95000 Daewoo (DSME) 2021 Undisclosed
Pass/Car Cat Austal Vietnam 2020 72.2 mio NIDCO
Products 10000 AVIC Dingheng SB 2020 Ningbo Marine Co Ltd
Products 114000 COSCO HI Yangzhou 2020 48.8 mio First Ship Lease
Products 114000 COSCO HI Yangzhou 2021 48.8 mio First Ship Lease
Products 114000 COSCO HI Yangzhou 2021 48.8 mio First Ship Lease Option
Products 114000 COSCO HI Yangzhou 2021 48.8 mio First Ship Lease Option
PSV 4000 Wuchang SB Group 2020 COSL
PSV 4000 Wuchang SB Group 2020 COSL
PSV 4000 Wuchang SB Group 2020 COSL
PSV 4000 Wuchang SB Group 2020 COSL
PSV 4000 Wuchang SB Group 2021 COSL
PSV 4000 Wuchang SB Group 2021 COSL
PSV 4000 Wuchang SB Group 2021 COSL
Tanker 158000 Hyundai HI (Ulsan) 2020 Ciner Denizcilik
Tanker 158000 Hyundai HI (Ulsan) 2020 Ciner Denizcilik
Tanker 158000 Hyundai HI (Ulsan) 2020 Ciner Denizcilik
Tanker 158000 Hyundai HI (Ulsan) 2021 Ciner Denizcilik
Tanker 158000 Daehan Shipbuilding 2020 Enesel SA
Tanker 158000 Daehan Shipbuilding 2020 Enesel SA
Tanker 158000 Daehan Shipbuilding 2021 Enesel SA Option
Tanker 158000 Daehan Shipbuilding 2021 Enesel SA Option
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11
D E M O L I T I O N M A R K E T
* M O N T H ’ S E N D P R I C E S
Demolition Historical Data
445 450 455 450440 440 430 430 435
450 445435
180
230
280
330
380
430
480
530
580
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
US
D/t
on
Price Tankers* 2015 2016
2017 2018
*India month's end prices
425 435 440 430 430 430410 415 425 440 430 425
180
230
280
330
380
430
480
530
580
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
US
D/t
on
Price Bulkers*2015 2016
2017 2018
*India month's end prices
25.6
14.5
4.9 2.354.6 3.8
15.916.7
18.915.5
1815.6
25
30.5
22.4
28.4 28.5 27
10 5.56.5 5
12
28.925.7
31.58
50.3
41.8
34.3
38.844.6
35.2
30.4
0
10
20
30
40
50
60
Mil
lio
n d
wt
Total Demolition (Dwt)
* Bss reported sales
Demolition Prices
Gen Cargo Tanker
India USD 425 /lt Ldt USD 435 /lt Ldt
Bangladesh USD 425 /lt Ldt USD 440 /lt Ldt
Pakistan USD 415 /lt Ldt USD 430 /lt Ldt
China USD 150 /lt Ldt USD 160 /lt Ldt
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HISTORICAL DEMOLITION PRICES (*Indian Year’s End)
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 CURR.
TANK 174 135 174 262 362 302 405 507 287 338 485 482 405 435 425 300 300 440 435
BULK 170 135 181 267 381 332 392 472 268 328 437 456 375 410 400 285 280 425 425
India
TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS
GAS GAS PUFFIN 9433 1991 4426 505
GAS BW HELIOS 44995 1992 16094 430
GAS GAZ SUPPLIER 49996 1990 17122 425
Bangladesh
TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS
BULK ORANGE WIND 4944 1994 2340 435
BULK ARKAIM 5 5327 1982 3712 427
CONT KOTA JELITA 22330 1997 22330 475 Incl 300t ROB
CONT PAUL ABRAO 22026 1996 7393 460 As is Colombo incl 300t ROB
GAS TENAGA LIMA 29492 1981 29492 453
REEF CHAN HAN 6 4392 1980 2202 435
TANK BUNGA KELANA 4 105815 1999 17060 464
TANK BUNKA KELANA 6 105811 1999 17064 463
China
TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS
N/A N/A N/A
Pakistan
TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS
N/A N/A N/A
0
100
200
300
400
500
600
US
D/t
on
Historical Demolition Prices (India Year's End)
TANKERS
BULKERS
Avg. Trend
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13
Turkey
TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS
N/A N/A N/A
Other
TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS
BULK SHINYO BRILLIANCE 172589 2001 21198 440 As is Singapore
BULK VAN CHERRY 12249 1994 16042 485 As is Singapore incl 400t ROB
CONT ANL WAHROONGA 68063 2002 23349 462 As is Singapore
CONT TVL XIAMEN 1164 1997 4700 382 As is Taiwan
TANK PEARL 44500 1997 12615 450 As is Singapore
TANK ZHEN HUA 8 44926 1980 15488 415 As is Fujairah
TANK BELOKAMENKA 360700 1980 52285 409 As is Belawan incl 1200t ROB
TANK CHEMTRANS SKY 63381 2000 13310 435 As is Singapore
TANK EAGLE ATLANTA 107160 1999 16717 445 As is Singapore
TANK EAGLE ANAHEIM 107160 1999 16717 443 As is Singapore
TANK EAGLE AUSUSTA 105345 1999 16830 445 As is Singapore
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14
H I S T O R I C A L B U N K E R P R I C E S
HISTORICAL BUNKER PRICES
Rotterdam Fujairah Houston
380 cst MGO 380 cst MGO 380 cst MGO
1993 67 150.5 70 202.5 71.1 160.6
1994 86 133.2 80.9 182.6 80.8 148.8
1995 97 140.6 94.6 175.8 93.2 148
1996 107 175.1 104.4 207.5 105.8 186
1997 92 155.4 99.3 205.6 97.3 179.9
1998 66.5 112.2 69.2 152.2 67.2 136.9
1999 94 133 98.5 157.2 93.3 143.9
2000 139 231.6 155.3 263.5 136 255.7
2001 116 192.4 129.7 244.7 112.8 227.5
2002 135 188.2 145.9 222.8 134 196
2003 151 230.4 166.3 265.2 160.2 265.1
2004 154 313.4 176.7 359.3 167.3 328.7
2005 236 458.4 256.6 500.1 248.3 508.5
2006 195 524.1 310.9 631.8 303 562.3
2007 347 571.3 373.7 664.7 351.8 608.6
2008 469 850.7 509.4 1037.7 496.8 933.2
2009 355 490.6 372.8 657 360.7 525
2010 452 667.1 468.2 712.9 449.3 683
2011 548 848.6 587.5 897.5 542.1 862.4
2012 585 920 606 1005 610 1005
2013 585 920 620 1010 580 985
2014 310 570 350 880 315 695
2015 140 311 170 560 140 360
2016 307 472 340 546 310 525
2017 367 579 376 627.5 356 612
28-Dec-18 315 490 335 732 362 567
0
100
200
300
400
500
600
700
800
US
D/t
on
Bunkers Cost (380 cst)
Rotterdam
Fujairah
Houston
Average Trend
0
200
400
600
800
1000
1200
19
94
19
95
19
96
19
97
19
98
19
99
20
00
20
01
20
02
20
03
20
04
20
05
20
06
20
07
20
08
20
09
20
10
20
11
20
12
20
13
20
14
20
15
20
16
20
17
De
c-1
8
US
D/t
on
Bunkers Cost (MGO)
Rotterdam
Fujairah
Houston
Average Trend
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
15
M A R K E T I N D I C A T O R S
GBP CAD EUR JPY CHF USD
AUD
GBP 1 0.58062 0.901396 0.007128 0.79822 0.790582 0.55666
CAD 1.721706 1 1.55234 0.012278 1.374502 1.361411 0.958588
EUR 1.108912 0.644008 1 0.007905 0.885393 0.876892 0.617466
JPY 140.251259 81.423105 126.482944 1 112.000397 110.867127 78.066937
CHF 1.252386 0.727259 1.12919 0.008925 1 0.990249 0.697247
USD 1.264648 0.734421 1.140243 0.009019 1.009615 1 0.704113
AUD 1.795699 1.042818 1.619177 0.012806 1.433573 1.419919 1 * 27/12/2018 values
60
70
80
90
100
110
120
130
0.40
0.60
0.80
1.00
1.20
1.40
1.60
1.80
USD
-JP
Y
USD
-EU
R
CurrenciesUSD-EUR
USD-JPY
0.00
20.00
40.00
60.00
80.00
100.00
120.00
140.00
160.00
$/B
arr
el
Brent Oil
www.atheniansa.gr ATHENIAN SHIPBROKERS S.A.
16
S T O C K W A T C H
NAME TICKER THIS MONTH* LAST MONTH CHANGE % 52w HIGH 52w LOW
Capital Product Partners CPLP 2.14 2.40 -10.8 3.60 2.05
Diana Shipping Inc. DSX 3.22 3.42 -5.8 5.16 3.03
Dryships Inc. DRYS 5.51 5.87 -6.1 6.90 2.74
Dynagas LNG Partners LP DLNG 3.30 4.09 -19.3 12.69 2.98
Eagle Bulk Shipping Inc. EGLE 4.43 4.65 -4.7 6.14 4.03
Euroseas Ltd. ESEA 0.61 1.01 -39.6 3.87 0.53
Costamare Inc. CMRE 4.51 5.28 -14.6 8.39 4.20
Navios Maritime Holdings NM 0.32 0.38 -15.8 1.48 0.20
GasLog Ltd. GLOG 16.89 20.46 -17.4 23.14 15.75
Safe Bulkers Inc. SB 1.80 2.08 -13.5 4.00 1.61
Star Bulk Carriers Corp. SBLK 8.95 9.63 -7.1 15.38 8.00
Stealthgas Inc. GASS 2.98 3.56 -16.3 4.70 2.76
TEN Inc. TNP 2.74 3.37 -18.7 4.15 2.61
TOP Ships Inc. TOPS 0.81 1.18 -31.4 3.49 0.69
Diana Containerships Inc. DCIX 0.70 0.96 -27.1 4.56 0.56
Danaos Corporation DAC 0.66 1.10 -40 2.50 0.56
Aegean Marine Petroleum ANW 0.03 0.04 -30 5.10 0.03 * 27/12/2018 closing values
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Disclaimer: Information and data that appear in this report have been obtained from various sources which are believed to be
correct and reliable. However, Athenian Shipbrokers S.A. does not guarantee their accuracy or completeness and therefore cannot
be held liable for any loss incurred as a result of reliance in any way whatsoever on the information contained herein.
Kind Regards,
ATHENIAN SHIPBROKERS S.A.