Mobilia Industrial

Activity has continued to be more than healthy, in both the newbuilding and S&P markets over the course of the past week. In its latest weekly report, shipbroker Allied Shipbroking said that “things continue to look encouraging on the newbuilding market front, with a fair number of transactions emerging again this past week. The recent trend noted in terms of activity, has given a fair boost on the pricing front as well, with a fair increase in all prices having already been observed since the start of 2021. In part this has also helped shipbuilders absorb some of the extra construction cost that has accumulated from the rapid increases being noted in steel plate prices over the past few months. In terms of dry bulkers, we continue to see activity emerge though at a slower pace and with the main focus having shifted considerably towards Kamsarmax designs.

On the side of tanker, things seem to have slowed down considerably, something that has been more or less expected given the state of the market in terms of earnings right now. The big ticket item this week has been Gas carriers, with a fresh flurry of activity having come to light and a major focus on the LPG front. This, along with keen interest on the container front, are likely to feed a fair portion of the market over the coming weeks, with both these markets showing very promising indications, both in terms of sentiment and current earnings performance”, Allied said.

major Owner Zodiac Maritime exercised option for 4 x 15.500 teu at Daewoo at prices of usd 108.3 Mio per unit for delivery as from 04/2024 till 04/2025. The other driving force this week was in the gas sector. NYK Japan added four 170.520 cum. LNG carriers to the Samsung orderbook with deliveries starting from January 2024. The quartet, ordered at unknown levels, is stemmed for charter to Total and will serve the Mozambique project”.

It is looking very promising indeed.

(Source Hellenic Shipping News)