Newbuilding Prices Stable amid Slack Buying

Slow newbuilding activity has been reported over the past week with no orders announced for Dry bulk and Tankers, according to Fearnleys.

Newbuilding Prices Stable amid Slack Buying

Fincantieri has secured an order from MSC Cruises for two 154,000gt cruise vessels which will be the largest cruise vessels yet to be built by the Italian yard with a price tag of 700 mill EUR each.

The Spanish shipyard LaNaval has entered the Ferry market after securing contract for delivery of a 1750pax/350cars dual fuel ferry from the Dutch company Texel Eigen.

In its latest weekly report, Fearnleys also said that more orders could be expected within the LPG segment over the next weeks as yards are reporting high enquiry activity for this ship type.

Newbuilding prices remain stable.

Tankers Dry Bulkers Others
Low Low Low

Average Far Eastern Prices

PRICES (mill usd) This
VLCC 300’dwt USD 102.0 m USD 102.0 m 96.0 102.0
Suezmax 150’dwt USD 68.0 m USD 68.0 m 64.0 68.0
Aframax 110’dwt USD 54.0 m USD 54.0 m 52.0 54.0
Product 50’dwt USD 37.5 m USD 37.5 m 36.0 37.5
Capesize 180’dwt USD 56.0 m USD 56.0 m 55.0 56.0
Panamax 82’dwt USD 31.5 m USD 31.5 m 30.0 31.5
Handymax 64’dwt USD 29.0 m USD 29.0 m 28.0 29.0
Prices are based on payment terms 40/60
Type No Size Yard Owner Del Mill$ Comm
PCTC 1 2000 PCTC Jinling Anji / Sinotrans 2017
Passenger/car ferry 1 1750pax/350 cars LaNaval Texel Eigen Stoom 2016 Dual fuel
Cruise 2+1 154000 gt Fincantieri MSC Cruise 2017/18 960



May 30, 2014

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