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New shipbuilding orders enter "slow down mode"
New shipbuilding market
The pace of new shipbuilding contracts has slowed in the past few weeks.
Allied Shipproking, a shipbroker, said in its latest weekly report that new orders had fallen sharply in the past week as the new shipbuilding market appeared to enter its traditional summer lull. In the dry bulk sector, there have been some new developments in the Panamax and Big Flexibility types, with Chinese shipowners signing several new contracts at Chinese shipyards. In addition, more orders are expected to be in the pipeline given the overall bullish dry bulk shipping market. Future market prospects largely depend on the level of future freight rates.
In the tanker sector, Enesel has added a 115,000 DWT Avra for delivery in 2024, taking the series to three ships, according to Clarkson Platou Hellas, a shipbroker.
In the gas carrier sector, Hyundai LNG Shipping announced a 174,000 cubic meter LNG carrier ordered from Daewoo (DSME) for delivery in the second quarter of 2024. Phoenix Tankers has announced an order for 1+1 dual-fuel 87,000 m3 VLGC at Namura Shipbuilding with an expected delivery date of 2023.
In the container ship sector, TS Lines has ordered six 1100 TEU container ships in Mawei, Fujian province, for delivery in 2023.
In the automotive ships segment, MOL announced orders for four dual-fuel 7000 CEU automotive ships with two shipyards. Two of them will be delivered in 2024 and the other two in 2025.
In the cruise sector, Ocean Residences Development has announced a 1,000-passenger cruise ship order at Meyer Werft for delivery in 2025.
Second-hand boat market
Allied Shipproking said the dry bulk market, which is typically limited in summer, had seen modest activity over the past week, but that buying intentions remained strong, with ships of all sizes and ages in demand. The current market focus is the ship asset price level in the short term trend, which will determine the volume rebound.
The Greek buyer bought three bulk carriers, including the 95,000-dwT Harvest Sky vessel (fitted with BWTS) built in 2013 for $23.2 million, Banchero Costa said. 57,000 DWT Atlantic Merida (fitted with BWTS) built in 2012 for $16 million; The 82,000-dwT Camsa Am Express built in 2010 sold for $21.8 million. In addition, the 33,000 DWT SakuraKobe (fitted with BWTS) built by Japanese shipowners in 2011 received bids on August 2 and is expected to be sold for $16 million. Another ship on the market, the 82,000-dwT Kamsa Yarrawonga built in 2008, was sold for $17 million.
In the past week, the number of used tanker transactions was limited, the market sentiment was fully manifested, and the long-term low freight returns forced the second-hand ship trading market to deviate from the normal track. The price of the 105,000 DWT Avra StHelen round built in 2002 was $12.5 million.
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