Week 5 - January 30, 2019
Market Commentary
The shipping market continues to mark time and sentiment shifts to the downside. Pacific and Atlantic rate levels have continued their downward trajectory throughout the week despite the market seeing a pickup in vessel requirements, the impact on availability? Minimal as there are plenty of open ships. Looking ahead, the market may see an upturn after the celebrations of Chinese New Year. Until then, the vessel availability list looks likely to continue to lengthen. In the Middle East, the odd requirement can be witnessed whilst in the Atlantic, portfolio players remain well serviced by vessels delivering into Europe, that said, there is interest from parties with specific needs. Turning to the Pacific, it looks mildly more optimistic for Owners, yet requirements fall short of the number of vessels sitting prompt and it’s probably fair to say idle time will mount up as requirements turn their focus to second half-Feb or even March. Second hand prices remain flat as do New Build prices as we welcome two new high spec, fuel efficient vessels scheduled for delivery in 2021.
Outstanding Carg o Bids / Offers
Start date Buyer / (Seller)
05/03 -
15/03/2019
(PNG)
08/03 -
25/03/2019
/ (DSLNG)
From
Port Moresby
Luwuk
To Comment
. 1*DES
FOB or DES, Delivery
Window 8th March and 25th March 2019
Spot Charter Rates
West of Suez 138-14 5k CBM ST
$50,000
-$2,000
Avg. YT D
$59,400
Avg. 2018 Avg. 2017
$54,788 $27,635
East of Suez 138-14 5k CBM ST
$45,000
-$2,000
Avg. YT D
$54,600
Avg. 2018 Avg. 2017
$52,337 $25,250
West of Suez 155-165k CBM T FDE
$65,000
-$5,000
Avg. YT D
$78,600
Avg. 2018 Avg. 2017
$86,173 $47,135
East of Suez 155-165k cbm T DFE
$58,000
-$4,000
Avg. YT D
$73,000
Avg. 2018 Avg. 2017
$82,615 $39,990

1 Year T erm Charter Rates
138-14 5k ST
$47,000
-$1,000
Avg. YT D
$49,800
Avg. 2018 Avg. 2017
$39,692 $22,490
Ballast Bonus Sentiment
155-165k T DFE
$84,000
-$1,000
Avg. YT D
$87,100
Avg. 2018 Avg. 2017
$73,721 $36,750
One Way only: Delivery at loadport and redelivery at disport – no additional payments.
Full Ballas t Bonus : Delivery at loadport and redelivery at disport with fuel and hire back to Singapore, Fujairah, Gibraltar.
Full Round Voyag e: Delivery at loadport or hub and redelivery at disport with fuel and hire back to delivery location.
Full Pos Fee + RV: Delivery at Owner's last discharge port and redelivery at Charterers' disport with fuel and hire back to loadport.
Averag e LNG Spot Charter Rates
LNG 1 Year Charter Rates

Number of Available Vessels in Spot Market
Gas Markets
NYMEX Henry Hub
2.884
-0.415
NBP
7.274
-0.408
Far East Estimate
7.395-7.745

Recent Vessel T ransactions and New Orders
XDF
Seller / Yard Buyer
SHI Celsius Shipping
Price Del. / BLT Comments
188 2021 2*180,000m3
Newbuilding Price Indicators
17 4 k CBM - MEGI/XDF
$188.0
$0
Avg. YT D
$188.0
Avg. 2018 Avg. 2017
$186.0
$184.0
Secondhand Price Indicators

Per Christian Fett
+47 958 82 120
Christian Steimler
+47 951 70 029
Alexander Nilsen
+47 952 27 208
Patrick O'Neill
+44 7586 836 731
T ristian Jones
+44 7852 919 314
Georgia Stefou
+44 7476 844 367
T atsuo 'T om' Osakabe
+81 90 1530 7679
Shinobu Nakagawa
+81 80 5652 2215
Dino Saputra
+65 9125 7888
Matthew Quek
+65 8228 6442
T uomas Maljanen
+65 9170 2009
Gao Bo
+86 13811 536170
All rates pu blis h ed in th is report do n ot n eces s arily reflect actu al tran s action s occu rrin g in th e m arket. Certain es tim ates m ay be bas ed on prevailin g m arket con dition s . In s om e circu m s tan ces , rates for certain ves s el types are bas ed on th eoretical as s u m ption s of prem iu m or dis cou n t for particu lar ves s el vers u s oth er ves s el types .
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