Analysis
5/3/2012

Helikon Shipping places bulker order at STX Dalian


Japanese controlled handysize M/V LUPINUS (31,700 dwt 2005 blt Saiki) which has been reported sold for a 2nd time this week at a price region US$ 16.25m to Greek buyers, the Clarkson Hellas Weekly Bulletin notes. The vessel was initially committed last week to Turkish interests at xs US$ 17m, but the deal failed when Buyers Board of Directors approval was declined. Meanwhile, clients of “Helikon Shipping” are understood to have placed an order for one further 57K bulker at STX Dalian, with this latest unit due for delivery in 2Q 2014.

Download: REPORT 5-3-12.pdf

Analysis

The freight rate war currently taking place between Asia and Europe, and between Asia and the US, and the further addition of new ships, will force carriers to resort to more slow steaming.
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