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Fearnleys: Newbuilding Prices Stabilized

Newbuilding prices seems to have stabilized somewhat. A shortfall and bleak outlook for offshore newbuilding orders forces yards to look harder at pure shipbuilding activity, shifting their exposure to their core business.

 

Newbuilding-Prices-Stabilized

 

 

Although too early to say, prices might be taking a breather after the hefty contracting activity in 2nd half of 2013, going sideways for the rest of the year. On the other side, there is an impressive list of ships reported this week, many of which are options declared by owners who signed contracts back in 2013.

ACTIVITY LEVEL
Tankers Dry Bulkers Others
Stable Active Slower
Average Far Eastern Prices
PRICES
PRICES (mill usd) This
week
Last
week
Low
2014
High
2014
? VLCC 300

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