SALE & PURCHASE

Clarksons Hellas Weekly Bulletin 05 Jan 2024

Bulk Carriers

Vessel DWT Built Details SS/DD Price Buyer

MAN B & W 7G60ME-
CAPT TASOS 180,288 2023 NAMURA SS 10/28
C10.5 USD 70.5 M NORDEN
DD 10/26
BWTS fitted

HIGHLAND PARK 174,092 2006 SWS MAN B. & W. 6S70MC6.1 SS 03/26

LOW USD 15 M U/D
BWTS fitted DD 06/24
SS 03/26
XING HE HAI 61, 473 2016 DACKS DD 12/23
MAN B & W 6S50ME-B9.2
USD 26 M EACH CHINESE
XING HAO HAI 61,452 2016 DACKS BWTS fitted
SS 03/26
DD 03/24
SS 01/27
XING XI HAI 60,498 2017 MITSUI DD 01/25 USD 29 M
MAN B & W 6S50ME-B9.3
GREEKS
XING SHOU HAI 60,172 2016 MITSUI BWTS fitted
SS 10/26 USD 28 M
DD 10/24

HAI YANG ZHI HUA 56,603 2011 JIANGSU MAN B & W 6S50MC-C8.2 SS 09/26
RGN USD 12.5 M EUROPEAN
BWTS fitted DD 12/24

2011 TAIZHOU
IKAN PARANG 56,618 Mitsubishi 6UEC52LS SS 01/27 HIGH USD 11 M U/D
KOUAN BWTS fitted DD 04/25

Tankers – Chemicals – LPG/LNGs

Vessel DWT Built Details SS/DD Price Buyer

- - - - - - -

New Building
In tankers this week, clients of Minerva ordered two firm LNG dual-fuel 114k dwt LR2 product tankers at New Times, with the vessels set to
deliver in 1Q and 2Q 2027.
In dry bulk, COSCO Shipping ordered two firm 325k dwt VLOCs at their affiliated yard COSCO Yangzhou. The vessels will have Methanol dual-
fuel propulsion, will be shaft generator and scrubber fitted and are expected to deliver in 4Q 2026 and 2Q 2027. Beihai announced that EPS
exercised options for four 210k dwt Newcastlemaxes. The vessels will hold an Ammonia ready class notation and are set to deliver in 2027,
bringing their series to ten at the yard.
In the gas carrier market, Hyundai HI announced contracts for two firm panamax beam 88k CBM VLGC’s for an unnamed owner, reported
to be Solvang. The vessels are both slated for delivery in 1H 2027.
Finally, in Ro-Ro’s, Wuchang announced orders for three firm methanol dual-fuel 6k dwt Ro-Ro’s for Louis Dreyfus, with all three vessels
expected to deliver within 2026.
 Sale & Purchase | Clarksons Hellas Weekly Bulletin | 05 Jan 24

Recycling
Happy New Year / Talking Turkey!
2023 was a gloomy year for the ship recycling yards in the Indian sub. Continent as low demand for scrap steel domestically and
financial restrictions (Bangladesh and Pakistan) ensured the market was volatile and uncertain throughout the year, especially in the
second half of 2023.
Strong rates in the tanker sector guaranteed a slim supply of such units arrived at the waterfront, whilst owners of the larger bulk carriers
were also reluctant to sell as rates fluctuated, but in a positive manner for the owners. The well documented situation caused by the
Houthi rebels in the Yemen/Red Sea area has probably put an end to owners thinking about selling their aging container units for
recycling for a several months too, therefore, we are expecting the first half of 2024 to continue to see limited activity, a similar pattern
to those of the last six months of 2023.
Turkey appears to be the market of the moment with several vessels having been sold, or circulated, for EU recycling. There is strong
demand for the steel at this current time with price levels now pushing into the high 300’s towards the USD 400/ldt levels. These could
be busy times for the Turkish recyclers.
Moving Eastwards, there is a real lack of demand for steel from the domestic mills in India which is creating negative feedback for any
potential tonnage for sale. As can be evidenced from the sale reported below, a strong price can be achieved for a suitable candidate
but must hasten to add that, the container sale contains a large quantity of bunkers included in the sale. Bangladesh and Pakistan
continue to be overcome with their financial restrictions which looks set to continue for some time. Whether the elections in Bangladesh,
scheduled this coming weekend, will aide any assistance will remain to be seen, although many in the industry doubt this very much.

Demolition
Bulk Carriers – GCs – CVs

Vessel DWT Built Details Price Delivery

CV MSC SOPHIE 43,378 1994 KOREA 13,401 LDT USD 565/LT INDIA

Tankers – Chemicals – LPGs

Vessel DWT Built Details Price Delivery

- - - - - -

Baltic Index Exchange Rate Bunker Prices (USD)

BDI 2110 + 24 Euro/USD 1.0913 BUNKERS ROTTERDAM SPORE FUJAIRAH

BCI 3798 + 147 YEN/USD 0.0068 VLSFO 563.50 606.00 616.00

BPI 1666 - 61 Brent (USD) MGO 750.00 759.50 892.00

BSI 1212 - 24 IFO 380 455.50 476.00 428.50

77.96
BHSI 695 - 21

2
 Sale & Purchase | Clarksons Hellas Weekly Bulletin | 05 Jan 24

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