Second hand ships more attractive proposition for ship owners at present

SHIP house owners are turning in the direction of second hand ships within the post-pandemic period, at the very least for now, turning their backs on new constructing orders. In its newest weekly report, shipbroker Allied Ship broking stated that “on the dry bulk facet, the comparatively good momentum within the SnP market continued for yet one more week, with each the exercise being famous and shopping for urge for food seemingly re-emerging at a quick tempo.

As of the previous week, we skilled a great circulation of transactions within the greater dimension segments too (and for extra fashionable models), helped (to a point at the very least) by the robust upward development famous in freight charges throughout the identical time-frame. All-in-all, with a much more bullish angle at present being portrayed by way of ahead returns, we will count on issues to ramp up additional within the near-term. On the tanker facet, complete exercise famous appears to be on a softening path as of the previous few weeks, given the comparatively mediocre variety of vessels altering palms. Whether that is circumstantial or a brand new development stays to be seen. Notwithstanding this, given the latest optimistic spikes in freight earnings, we will count on a vivid gross sales market as soon as extra”.

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In a separate be aware, shipbroker Banchero Costa stated that “within the dry market 2 x Capesize models have been reported offered in the course of the week: New Stage 177,000 dwt inbuilt 2008 at Namura was offered at $16.5m and Aqua Glory 171,000 dwt inbuilt 2003 at Sasebo at $9.5m to Jiangsu Steamship. In February Shinyo Alliance 176,000 dwt inbuilt 2005 at Universal was achieved at $14m.

Furthermore, a contemporary Kamsarmax Aquavita Air 81,000 dwt inbuilt 2020 at Oshima was bought at $28.5 mln by Greek purchaser. In the Supramax phase a Norwegian managed unit Rosita 52,000 dwt inbuilt 2004 at Tsuneishi Cebu was offered at $6.6 mln to Chinese purchaser, earlier week Odiris 53,000 dwt inbuilt 2005 by Imabari was achieved at $6.55 mln.

Concerning Handysize models, Ikaria Island 32,000 dwt inbuilt 1997 at Onomichi was offered at $3.4m to Lebanese purchaser foundation DD handed. Last month UBC Bremen 24,000 dwt inbuilt 1998 at Saiki was reported at $ 2.5 mln. In the tanker market, shopping for curiosity was centered within the Aframax phase: 2 x Aframax models, managed by Minerva, Minerva Zenia and Minerva Alexandra 105,000 dwt inbuilt 2002 and in 2000 at Daewoo and Samsung have been reported at $24m en bloc and Seadance 105,000 dwt inbuilt 1999 at HHI at $9.5m to Middle East Buyers. Furthermore, 2 x Chemical Tanker models Adfines Sky and Adfines Sun 19,000 dwt inbuilt 2011 at Yangfan (marine line coated, IGS and Ice class 1A) have been purchased by Swedish purchaser at $10 mln every”.

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