According to Lion Shipbrokers’ weekly report, despite low expectations anent the international Labour Day holiday, numerous transactions marked last week (April 28-May 2nd).
With respect to bulkers, two panamaxes, five supramaxes and three handies changed hands in the said period, illustrating healthy buying interest, while dry asset values seem to have stabilized or even starting to soften.
Nineties vintage panamaxes COYOTE (72K BLT 1994 HYUNDAI/S.KOREA) and RZS JOY (69K BLT 1995 IMABARI/JAPAN) have been sold both to Chinese buyers for $6.5-$6.9 mill and $8-$8.1 mill respectively, at levels slightly lower than recent deals of CORONA ACE (77K BLT 1994 KAWASAKI/JAPAN) for $6.8 mill and EVER YOUNG (73K BLT 1995 SAMSUNG/S.KOREA) for $8.3 mill.
An American fund is said to have acquired en bloc Marmaras’ controlled supramax quartet (4 X 51K BLT 2002 STX/S.KOREA CR 4X30T) at the price of $18.5 mill each while one year younger and Japanese built supramax MALTO BLOSSOM (50K BLT 2003 KAWASAKI/JAPAN CR 4X30.5T) was committed to undisclosed interests for one million less at $17.5 mill.
Prices achieved are showing correction of the market.
Following their purchase of ORIENT SINGAPORE (33K BLT 2011 SHIN KURUSHIMA/JAPAN CR 4X30T) for $23.1 mill back in April, clients of Dalex of Greece have also acquired off market modern handy MATISSE (34K BLT 2011 STX/S.KOREA CR 4X35T) basis drydocking surveys due next month for a firm $23.5 mill.
Japanese controlled handy logger MOON RIVER (28K BLT 2002 KANDA/JAPAN CR 4X35T) went for $11 mill basis special & dry-docking surveys due this December, two million less than April’s sale of one year older similar unit CITRUS VENUS (28K BLT 2001 IMABARI/JAPAN CR 4X30.5T) for $13 mill.
Japanese controlled handy KEN ZUI (23.5K BLT 1996 SAIKI/JAPAN CR 4X30T) was snapped for $5.9 mill by South Korean buyers, in line with March sales of BAVARIAN TRADER (23K BLT 1995 MITSUBISHI) for $6.2 mill and GLOBAL ARROW (24K BLT 1997 KANASASHI/JAPAN) for $6 mill.
CONTAINERS /MPP
Five containers changed their owners over the week those being:
TANKERS
With regard to tanker markets six tankers were sold last week. Those are as follows: