Rates are largely unchanged among the Aframax and VLCC segments, while the Suezmaxe segment have experienced a decline of approx. 13%. Due to large upswings in steel values, there are currently good trends among shipyard prices. The upswings come as a result of the limited space at the shipyards. This means that the shipbrokers, who have contact with the shipowners, report significantly higher prices. Yard prices are now slots for a standard unit of $100m. pr. Stk. It is approx. $6m. above suggested retail prices for early May.
Aframax – 12 month TC: $16,000 pr. day
Aframax – Average spot market rate: $10,328 pr. day
The Capesize segment experienced a decline because of a fall in prices of approx. 17% last week. This was due to holidays in several regions. Despite the decline, earnings are approximentely 96% above the average measured from 2009. There are no major changes among the Panamax segment, as they are also affected by the calmer market trends.
Capesize 12 month TC: $28,000
Kamsarmax 12 month TC: $23,750
A 2003 built Aframax was sold for $13.5 last week. The transaction is $1.5m larger than the sale of a similar vessel back in February. The sale of the Aframax is an example of one of the many successful trades that recently has happened.
Two Kamsarmax vessels from 2012 were sold for $21m and $21.3m with BWTS monitored on the last ship. This is thus an example of two strong transactions in the market.