ISSUE NO. 6/ JUNE LITION MONTHLY MARKET REPORT LITION ACTIVITY PER VESSEL TYPE LITION ACTIVITY PER UPDATE LITION ACTIVITY PRICES PER MAIN LITION COUNTRIES GOLDEN DESTINY LITION MONTHLY REPORT/ LITION ACTIVITY PER VESSEL TYPE highlights the popularity of each vessel type for scrapping by summarizing the volume of transactions reported in the Demolition market per vessel type of the current month in comparison with the demolition activity of the previous month of the current year and the respective/similar month of year and. GOLDEN DESTINY LITION MONTHLY REPORT/ LITION ACTIVITY PER highlights the presence of the main Demolition Countries in the market by summarizing the volume of transactions reported in the Demolition market per main demolition country in comparison with the demolition activity of the previous month of the current year and the respective/similar month of year and. GOLDEN DESTINY LITION MONTHLY REPORT/ UPDATE LITION ACTIVITY highlights the popularity of each vessel type for scrapping and the presence of the main Demolition Countries in the market by summarizing the volume of transactions reported per vessel type and demolition country over the first five months of in comparison with the demolition activity of the first five months of year and.
GOLDEN DESTINY LITION MONTHLY REPORT/ PRICES PER MAIN LITION COUNTRIES highlights the maximum, minimum and the average demo price of the main Demolition countries, Bangladesh, India, China and Pakistan per quarter of the current year in comparison with the demo prices of year and. All the information contained in this report is given in good faith but without guarantee based on our S&P Market Reports and Insight Market Information from various sources. Neither the Company nor its Directors or employees shall be liable in any way whatsoever for any loss incurred on the information contained herein. LITION COMMENTARY, JUNE In June, 79 vessels reported to have headed to the scrap yards of total deadweight of 1,605,994 tons indicating a negative monthly change of 22.5%. Tankers and liners represent the biggest share of the demolit ion market in terms of reported number of transactions while in the bulk carrier sector the demolition activity is still at low levels despite the continuous fall of the BDI since the end of May. BDI estimated to have dropped 41% whereas only 8 vessels reported to have gone for scrap equaling to a total deadweight of 127,775 tons. Tankers are estimated to hold 27.8% of the demolition market and liners with Pax/Ro carriers around 15% and 16% respectively. Bulk carriers and containers demolition activity is estimated around 10% and 7.6% respectively while in the other sectors no significant movements have been reported. In June, the demolition activity was standing at much lower levels with 52 vessels reported to have headed to the scrap yards of total deadweight 1,475,699 tons. In terms of reported number of transactions, the majority of the demolition activity had been recorded in the container market as the charter market activity was barely at subsistence level and the laid up container fleet was standing 10.3% of the existing fleet by capacity in early June. In total, 19 containers reported to have headed to the scrap yards equaling to a total deadweight of 550,667 tons whereas in today s market the container demolition activity is estimated to 6 vessels equaling to a total deadweight of 222,313 tons. Container charter rates started to be beyond minimum operating costs in May after the significant rise in freight volumes on the Asia-Europe trade witnessed in recent months with the laid up fleet represented just 3.6% of the container ship fleet in early June. Over the last 6 months, January to June, 508 vessels reported to have sent for scrap equaling to a total deadweight of 14,753,789 tons with tankers, liners and Pax/Ro carriers representing the highest demolition activity, estimated to hold around 29.5%, 22.6% and 14% respectively of the demolition market in terms of reported number of transactions. Containers and bulk carriers seem to follow with lower reported number of transactions while in January to June were holding the first rankings in the demolition market as they were also the sectors who were suffering the most in the freight market. Demolition activity has recorded a 65.2% & 36.5% decline in bulk carrier and container sector respectively in terms of reported number of transactions in comparison with the first six months of. Although the demolition activity in January to June estimated to have been increased only by 10.4% in contrast to similar period in, is up by 379.2% in comparison with January to June when only 106 vessels reported for scrap equaling to a total deadweight of 3,357,735 tons. During January to June, tankers were the most popular scrap candidates as almost 50% of the total number of demolition transactions wer e reported in the tanker sector. In the bulk carrier sector, only one unit reported to have gone for scrap when the BDI was standing at 9,589 points at the end of June, showing signs of decrease from its peak at 11,793 points in May 20 th,. It remains to be seen how the market will react after the recent fall in the dry freight market depending on the seasonality of summer period, the general influence of the low freights and the inflow of newbuilding deliveries. Bangladesh demolition market remains inactive after High court decision for incoming vessels containing hazardous material with India and Pakistan taking the lead and China to follow. Month ended with demo countries paying $340- $370/ldt for dry and $365-$400/ldt for wet cargo. In June, the scrap rates were standing at much lower levels with Bangladesh and China offering the highest scrap rates, $220-$240/ldt for dry and $270-$310/ldt for wet cargo. In
June, scrap rates were fluctuating at the high levels of xs $600/ldt for dry and region $700/ldt for wet cargo with China offering only $370/ldt for dry and $425/ldt for wet cargo. LITION ACTIVITY PER VESSEL TYPE &, JUNE LITION ACTIVITY PER VESSEL TYPE MAY JUNE JUNE JUNE TYPE TYPE TYPE TYPE Bulkcarriers 12 546.896 Bulkcarriers 8 127.775 Bulkcarriers 6 281.963 Bulkcarriers 0 0 Tankers 20 918.069 Tankers 22 834.993 Tankers 8 357.980 Tankers 11 332.667 Gas Tankers 2 57.193 Gas Tankers 3 34.717 Gas Tankers 2 55.019 Gas Tankers 0 0 Liners 30 233.917 Liners 13 144.282 Liners 8 145.635 Liners 0 0 Containers 7 229.045 Containers 6 222.313 Containers 19 550.767 Containers 0 0 Combi 0 0 Combi 0 0 Combi 0 0 Combi 0 0 PAX/RO 20 158.969 PAX/RO 12 132.995 PAX/RO 7 70.075 PAX/RO 1 998 Reefers 5 33.882 Reefers 7 61.910 Reefers 2 14.260 Reefers 3 12.944 Sp.Projects 6 13.015 Sp.Projects 8 47.009 Sp.Projects 0 0 Sp.Projects 0 0 TOTAL 102 2.190.986 TOTAL 79 1.605.994 TOTAL 52 1.475.699 TOTAL 15 346.609 LITION ACTIVITY PER MAY JUNE JUNE JUNE Bangladesh 11 218.352 Bangladesh 1 62.153 Bangladesh 7 345.772 Bangladesh 4 154.652 India 30 493.054 India 41 677.414 India 29 628.794 India 10 183.064 China 20 834.420 China 13 263.444 China 12 405.470 China 0 0 Pakistan 8 192.741 Pakistan 7 449.551 Pakistan 1 19.035 Pakistan 0 0 Turkey 19 91.511 Turkey 9 41.317 Turkey 2 48.640 Turkey 0 0 Various 0 0 Various 0 0 Various 0 0 Various 1 8.893 Unknown 14 360.908 Unknown 8 112.115 Unknown 1 27.988 Unknown 0 0 TOTAL 102 2.190.986 TOTAL 79 1.605.994 TOTAL 52 1.475.699 TOTAL 15 346.609
UPDATE LITION ACTIVITY, JAN- JUNE, JAN-JUNE & JAN-JUNE VESSELS SOLD FOR LITION JAN-FEB-MAR-APR-MAY-JUNE UNITS DWT BDESH INDIA CHINA PAKISTAN TURKEY VARIOUS UNKNOWN UNITS UNITS UNITS UNITS UNITS UNITS UNITS Bulkcarriers 48 1.912.781 6 17 14 4 2 0 5 Tankers 150 8.689.091 44 57 6 19 5 0 19 Gas Tankers 20 426.923 4 13 2 1 0 0 0 Liners 115 1.151.270 8 54 9 11 25 0 8 Containers 52 1.392.770 6 26 14 0 0 0 6 Combi 0 0 0 0 0 0 0 0 0 PAX/RO 71 618.907 6 35 8 1 9 0 12 Reefers 30 239.742 2 23 4 0 0 0 1 Sp.Projects 22 322.305 0 7 7 0 0 0 8 TOTAL 508 14.753.789 76 232 64 36 41 0 59 VESSELS SOLD FOR LITION JAN-FEB-MAR-APR-MAY-JUNE UNITS DWT BDESH INDIA CHINA PAKISTAN TURKEY VARIOUS UNKNOWN UNITS UNITS UNITS UNITS UNITS UNITS UNITS Bulkcarriers 138 6.063.723 36 60 15 21 5 0 1 Tankers 42 2.308.225 26 6 2 6 0 0 2 Gas Tankers 12 379.291 2 6 0 1 1 0 2 Liners 106 1.987.230 10 63 12 18 1 0 2 Containers 82 2.285.525 8 47 15 6 2 1 3 Combi 4 241.273 0 1 1 2 0 0 0 PAX/RO 59 650.959 9 32 14 0 0 1 3 Reefers 14 144.037 1 10 0 0 1 0 2 Sp.Projects 3 24.176 1 1 0 1 0 0 0 TOTAL 460 14.084.439 93 226 59 55 10 2 15 VESSELS SOLD FOR LITION JAN-FEB-MAR-APR-MAY-JUNE UNITS DWT BDESH INDIA CHINA PAKISTAN TURKEY VARIOUS UNKNOWN UNITS UNITS UNITS UNITS UNITS UNITS UNITS Bulkcarriers 1 6.910 0 0 0 1 0 0 0 Tankers 52 2.577.156 27 18 0 4 0 1 2 Gas Tankers 12 418.743 5 4 0 0 0 1 2
Liners 9 71.686 5 3 0 0 0 0 1 Containers 7 136.856 5 2 0 0 0 0 0 Combi 0 0 0 0 0 0 0 0 0 PAX/RO 10 32.847 2 7 0 0 0 0 1 Reefers 15 113.537 3 10 0 0 0 0 2 Sp.Projects 0 0 0 0 0 0 0 0 0 TOTAL 106 3.357.735 47 44 0 5 0 2 8 DRY PRICES PER MAIN LITION COUNTRIES BANGLADESH YEAR DRY UNITS(*) SCRAP RATES ($/LDT) 01- QUARTER 02-QUARTER 03-QUARTER 04-QUARTER JAN -FEB-MAR APR -MAY-JUN JUL-AUG-SEP OCT-NOV -DEC MIN -MAX -AVERAGE MIN -MAX -AVERAGE MIN -MAX -AVERAGE MIN -MAX -AVERAGE $/LDT 487-$/LDT 630- $/LDT 700 - $/7LDT 745 - $/LDT 725 - $/LDT 740 - $/LDT 190 - $/LDT 305 - $/LDT 544 $/LDT 722 $/LDT 732 $/LDT 250 $/LDT 260-$/LDT 277 - $/LDT 215-$/LDT 290- $/LDT 240 - $/LDT 335 - $/LDT 280 - $/LDT 355 - $/LDT 268 $/LDT 242 $/LDT 282 $/LDT 300 $/LDT 348 - $/LDT 483 - $/LDT 398 - $/LDT 460 - $/LDT 404 $/LDT 438 INDIA N/A-N/A-N/A N/A-N/A-N/A $/LDT 235 -$/LDT 285 - $/LDT 220 -$/LDT 300- $/LDT 262 $/LDT 244 $/LDT 257 - $/LDT 432 - $/LDT 325 - $/LDT 450 - $/LDT 360 $/LDT 395 $/LDT 233 - $/LDT 345 - $/LDT 270 $/LDT 190 - $/LDT 352 - $/LDT 256 $/LDT 270 - $/LDT 380 - $/LDT 312 CHINA $/LDT 235 - $/LDT 240 - $/LDT 238 $/LDT 300 - $/LDT 460 - $/LDT 350 REPORT ED $/LDT 210-$/LDT 245- $/LDT 228 $/LDT 330 - $/LDT 450 - $/LDT 406 $/LDT 210 - $/LDT 314 - $/LDT 265 $/LDT 180 - $/LDT 235 - $/LDT 220 $/LDT 250 - $/LDT 337 - $/LDT 290 PAKISTAN $/LDT 244 - $/LDT 277 - $/LDT 262 $/LDT 350 - $/LDT 410 - $/LDT 380 $/LDT 225- $/LDT 290- $/LDT 254 N/A-N/A-N/A $/LDT 230 - $/LDT 315 - $/LDT 270 $/LDT 220 - $/LDT 290 - $/LDT 238 $/LDT 275 - $/LDT 310 - $/LDT 293 N/A: Price not applicable due to lack of volume of demolition transactions reported with revealed demo price $/LDT. (*) Dry Units: Bulk Carriers, Liners & Containers
WET PRICES PER MAIN LITION COUNTRIES BANGLADESH YEAR WET UNITS(**) SCRAP RATES ($/LDT) 01- QUARTER 02-QUARTER 03-QUARTER 04-QUARTER JAN-FEB-MAR APR-MAY-JUN JUL-AUG -SEP OCT-NOV -DEC MIN -MAX -AVERAGE MIN -MAX -AVERAGE MIN -MAX -AVERAGE MIN -MAX -AVERAGE $/LDT 605- $/LDT 770- $/LDT 700 - $/LDT 765 - $/LDT 725 - $/LDT 800 - $/LDT 285- $/LDT 475 - $/LDT 630 $/LDT 730 $/LDT 746 $/LDT 330 $/LDT 258-$/LDT 375- $/LDT 285-$/LDT 320- $/LDT 288 - $/LDT 393 - $/LDT 289 - $/LDT 400 - $/LDT 318 $/LDT 294 $/LDT 353 $/LDT 343 $/LDT 380 - $/LDT 451 - $/LDT 390-$/LDT 425 - $/LDT 411 $/LDT 400 INDIA $LDT 535 - $/LDT 665 - $/LDT 582 N/A-N/A-N/A $/LDT 357 - $/LDT 470 - $/LDT 398 $/LDT 390-$/LDT 440 - $/LDT 422 $/LDT 725 - $/LDT 765 - $/LDT 740 $/LDT 265 - $/LDT 280 - $/LDT 273 $/LDT 275 - $/LDT 280 - $/LDT 278 $/LDT 285 - $/LDT 410 - $/LDT 342 CHINA N/A-N/A-N/A N/A-N/A-N/A $/LDT 185 $/LDT 325 N/A-N/A-N/A $/LDT 387-$/LDT 435 - $/LDT 410 PAKISTAN $/LDT 540 - $/LDT 610- $/LDT 575 N/A-N/A-N/A $/LDT 403 - $/LDT 410 - $/LDT 401 $/LDT 690 - $/LDT 700 - $/LDT 690 $/LDT 215-$/LDT 290 - $/LDT 270 $/LDT 380-$/LDT 512 - $/LDT 448 $/LDT 535 $/LDT 310 - $/LDT 315 - $/LDT 310 $/LDT 231 - $/LDT 340 - $/LDT 312 N/A: Price not applicable due to lack of volume of demolition transactions reported with revealed demo price $/LDT. (**) Wet Units: Gas Tankers are not included