Newbuilding Prices Stable amid Slack Buying

first_imgPRICES Prices are based on payment terms 40/60 ACTIVITY LEVEL PCTC12000 PCTCJinlingAnji / Sinotrans2017 LowLowLow Cruise2+1154000 gtFincantieriMSC Cruise2017/18960 Suezmax150’dwtUSD 68.0 mUSD 68.0 m64.068.0 Aframax110’dwtUSD 54.0 mUSD 54.0 m52.054.0 Product50’dwtUSD 37.5 mUSD 37.5 m36.037.5 NEWBUILDING CONTRACTS Passenger/car ferry11750pax/350 carsLaNavalTexel Eigen Stoom2016Dual fuel zoom Slow newbuilding activity has been reported over the past week with no orders announced for Dry bulk and Tankers, according to Fearnleys.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. TypeNoSizeYardOwnerDelMill$Comm Handymax64’dwtUSD 29.0 mUSD 29.0 m28.029.0 PRICES (mill usd)ThisweekLastweekLow2014High2014 VLCC300’dwtUSD 102.0 mUSD 102.0 m96.0102.0 Average Far Eastern Prices Panamax82’dwtUSD 31.5 mUSD 31.5 m30.031.5 TankersDry BulkersOthers Capesize180’dwtUSD 56.0 mUSD 56.0 m55.056.0 May 30, 2014last_img read more