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

Five things to watch for in the Canadian business world in the

TORONTO — Five things to watch for in the Canadian business world in the coming week:Crypto in courtThe Nova Scotia Supreme Court will hear arguments on Tuesday regarding a stay order protecting QuadrigaCX from lawsuits. The widow of the failed cryptocurrency exchange’s CEO asked that a chief restructuring officer be appointed to oversee what remains of the company, saying her role as director has drawn “unwanted” online commentary suggesting she is trying to hide assets.Interest rate decisionThe Bank of Canada will make an announcement regarding its benchmark interest rate on Wednesday. Cooling economic growth and a slowing rate of inflation have analysts expecting the central bank to leave the interest rate unchanged at 1.75 per cent.Huawei dramaMeng Wanzhou, CFO of Huawei Technologies, will appear in B.C. Supreme Court on Wednesday, where Canada’s authority to proceed with extradition to the United States will be discussed. Huawei said in February that it won’t abandon Canadian consumers, telecommunications companies and universities, even if the country’s government bans its 5G technology.Jobs numbersStatistics Canada will release its labour force survey for February and industrial capacity utilization rates for the fourth quarter of 2018 on Friday. The country saw a rush of 66,800 net new jobs in January in a gain fuelled by a hiring surge in the private sector, surprising analysts and economists, who had expected a gain of 8,000 jobs for the month.Housing startsCanada Mortgage and Housing Corp. will release preliminary housing start data for February on Friday. The federal housing agency previously reported that the annual pace of housing starts slowed in January, dropping less than was expected for the start of the year.The Canadian Press read more