China News Service, Ningbo, September 2 (Lin Bo, Song Bing) The ship auction market continues to be hot.
At 21:21 on September 1, a special bulk carrier was auctioned at a high price of US$36.03 million (approximately 233 million yuan) on the “Paichuan.com” under the Zhejiang Shipping Market, which exceeded the starting price of US$5.85 million (approximately). 37.85 million yuan), buyers from China, the United Kingdom, the United States, Greece, Japan and other countries participated in the onlookers and bidding.
The hull number of the auction bulk carrier is "B85K-9", which is an international CCS class and is suitable for international routes. The estimated transaction time is June 30, 2022.
Why was this bulk carrier "snatched wildly"?
"If a new ship is currently ordered, from construction to completion, at least until the end of 2023, this will affect the shipowner’s profitability." Building a ship can save shipbuilding time, grasp the market high, and put it into operation as soon as possible. "Simple understanding, the buyer is equivalent to buying a'futures ship'."
In recent years, "Paichuan.com" has sold a large number of bulk carriers.
The special feature of this auction ship is that this ship is an unfinished bulk carrier and is currently in the stage of building blocks.
Due to the high transaction volume of second-hand ships in the first half of 2021, the number of ships currently on sale decreased rapidly, so ship owners turned their attention to ships under construction.
According to data from Clarksons Research, the newbuilding market has been on the rise since 2021. A total of 776 new ships were signed in the first half of the year, the highest level in the past seven years.
The large number of newbuilding orders not only caused the price of newbuildings to rise, but also put pressure on the shipyard's construction schedule.
The construction completion time of the "B85K-9" ship is now about 10 months, so once the announcement of the bidding for the ship was released, it attracted strong attention from global buyers.
Also on September 1, the 56381-dwt bulk carrier "Huarong 1" started bidding on "Paichuan.com" for 95 million yuan. After 115 rounds of bidding, the final transaction price was 124.1 million yuan, a premium of 29.1 million yuan. Yuan Renminbi, the premium rate is 30.6%.
"Next, there will be two super handy bulk carriers underway, and a number of vessels including a 12,000 dwt multi-purpose ship." According to Wang Qijun, there are currently more than 10 international vessels. The shipping company consulted the "Paiship.com" about auction related matters through telephone and email, and buyers from many countries and regions in Europe and Asia signed up to participate in the auction.
The hot scenes of ship auctions that have continued from the beginning of 2021 to the present have once again demonstrated that the global shipping market has been hot since the second half of 2020.
Affected by factors such as typhoons and epidemics, ship congestion in global ports has led to further tensions in global transportation capacity.
According to Wang Qijun’s analysis, the lack of capacity and the increase in freight rates in the dry bulk market have strongly stimulated shipowners’ willingness to purchase ships, “leading to a surge in the trading price of second-hand bulk carriers and also stimulating the newbuilding market.”
In the first half of 2021, ship auctions on "Paichuan.com" have repeatedly set "new highs".
On April 8th, the 9-year-old bulk carrier "Huarong 5" started the auction on "Paichuan.com" with a price of RMB 76.6 million and sold at RMB 113.4 million. The newbuilding price of the ship was approximately RMB 160 million. Yuan Renminbi; on April 20, a 31-year-old "RUI JIN" bulk carrier, which is more "old", was bought by foreign buyers after 51 bids at the starting price of 1.67 million U.S. dollars on "Paiship.com" Grabbed at US$2.025 million, the premium rate reached 21.3%.
Up to now, the China Ship Transaction Price Index SSPI Dry Bulk Carrier Composite Index has exceeded the 1,000-point mark, an increase of about 35% compared with the beginning of 2021, setting a 10-year high.
The Clarksons Research report also showed that the 5-year-old second-hand ship price index increased by 43% from the beginning of the year, the highest index level since March 2014.
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