Product oil tanker ship prices rose

International cargo ship transactions increased

On April 25, the Shanghai Shipping Exchange issued the Shanghai Ship Price Index of 787.65 points, a slight decrease of 0.07% from the previous quarter. Among them, the comprehensive index of the international oil tanker ship price index and the coastal bulk cargo ship price respectively increased slightly by 0.81% and 0.21%, and the international bulk cargo ship price index and the inland river bulk cargo ship price index fell by 1.07% and 0.38%, respectively.

Affected by the lagging of dry bulk freight rates and ship transactions in the previous period, although the spot freight rates have been turned up, the price of used bulk carriers is still falling. This week, five-year-old international bulk cargo typical ships were valued at 35,000DWT-$13.37 million, down 1.70% from the previous period; 57,000DWT-$14.93 million, and down 2.30% from the previous period; 75,000DWT--1985.85 million, down 0.37% from the previous month. ;170000DWT--3003 million US dollars, the chain fell 0.03%. Recently, in the Pacific market, iron ore and coal pallets were active. Capesize freight rates led the rise, and the freight rate of the Super Spirit Bulk Carriers stabilized and recovered. The BDI index rose to close at 1330 points (Tuesday) and rose by 26.43%. It is expected that the price of used bulk carriers will mainly stabilize in the short term. This week, due to the fact that the price of the ship was in the “depression zone”, the freight rate was bottoming out. The speculators took the boat and the transaction of used bulk carriers was extremely active. A total of 27 ships were traded (an increase of 6 ships), and the total capacity was 2.491 million DWT. The amount of 502.3 million US dollars, the average age of 7.33 years.

Due to the continuous growth of the global economy, OPEC's efficient production cuts and the geopolitical risks of oil-producing countries have contributed to the rise in oil prices. Brent crude oil futures closed at $74.71 (Tuesday), up 4.37% from the previous quarter. The overall demand for the international crude oil transportation market was stable, and the price of used oil tankers fluctuated at a low level. This week, the five-year-old international tanker typical ship valuation: 47000DWT--21690000 USdollars, up 3.27% over the chain; 74000DWT--23.88 million US dollars, the chain fell 0.03%; 105000DWT--2631 million US dollars, the chain rose 0.52%; 158000DWT--42.31 million US dollars, down 0.07%; 300,000DWT--58.03 million US dollars, down 0.24%. Some foreign media reported that Hussein had hijacked 19 tankers on the coast of Yemen and fired missiles at Jizan Province in the south of Saudi Arabia. This heightened fears of a shortage of supply in the crude oil market. The international oil price may be fluctuated at a high level. It is expected that the price of used oil tankers will oscillate. Mainly sideways. This week, the volume of second-hand international oil tankers was average, with a total turnover of 8 ships (a decrease of 3 vessels), a total transportation capacity of 511,800 DWT, a turnover of US$209.6 million, and an average ship age of 4.88 years.

Demand for bulk cargo transportation in coastal transportation was released. Coupled with the closure of the Yangtze River estuary due to heavy fog, the freight rate rebounded sharply and the price of used bulk carriers rose steadily. This week, the five-year-old domestic coastal bulk cargo typical ship valuation: 1000DWT - 1.14 million yuan, up 0.21%; 5000DWT - 7.51 million yuan, up 0.21%. The Politburo meeting held on April 23th proposed that the combination of accelerating the adjustment structure and continuously expanding domestic demand would show that the degree of emphasis on economic stability in the short term will be significantly improved. Specific to the black industry chain, the expansion of domestic demand will ensure the long-term future of coal and steel. Demand, continued rising demand and supply-side reforms will inevitably lead to higher prices for coal and steel, and encourage downstream traders to purchase coal and steel. The international bulk transportation market has risen more than China's domestic freight rates. Domestic and foreign ships operating concurrently have fought in foreign countries. Available capacity is tight, and shipping prices are expected to continue to rise. It is expected that bulk carrier prices will continue to rebound in the short term. This week, there were fewer transactions of bulk bulk carriers and the market was mainly wait-and-see.

The demand for inland shipping is normal, and the freight rate fluctuates slightly. The price of used bulk carriers has risen and fell. This week, the five-year-old domestic inland river bulk cargo typical vessel valuation: 500DWT - 51 million yuan, the chain rose 2.02%; 1000DWT - 99 million yuan, the chain rose 0.82%; 2000DWT - 1.82 million yuan, the chain fell 0.08 %; 3000DWT - 292 million yuan, down 3.95%. On April 20, the central bank issued a statistics report on the lending of financial institutions in the first quarter of 2018. At the end of the first quarter, the balance of personal housing loans was 22.86 trillion yuan, a year-on-year increase of 20%, and the growth rate was 2.2 percentage points lower than at the end of the previous year. . From the capital point of view, the real estate industry funds significantly tightened, tightening the capital will limit the ability of housing enterprises to get the land, so the follow-up real estate investment high growth rate may not be maintained, inland water infrastructure materials may be affected, is expected to river bulk carriers The price will oscillate back and forth. This week, the trade volume of inland river bulk carriers was relatively active, with a total turnover of 59 ships (a decrease of 59 vessels), a total capacity of 84,700 DWT, and a turnover of 70.38 million yuan.