Summary
    In February, influenced by the Chinese New Year and other factors, the international shipping market chain volume dropped significantly, traded a total of 124 new ships, 7.434 million and 3.043 million dwt CGT previous month decreased by 34.0%, 51.7% and 30.3 %. 8.4 Articles VLGC which the most actively traded, turnover reached 17, 1.175 million cubic meters, the other larger vessels auction also sold in large quantities, VLCC, 1.4 million TEU container ship, LNG ships and Capesize bulk carrier were traded 7, 6, 5 and 5. New ship price, Clarkson new ship price index rose slightly in February to 136 points, up 1 point from the previous month, in which the new tanker ship price index rose 2 points, a new bulk carrier ship price index rose 1 point, liquefied petroleum gas ship price index rose one point, container ship new ship prices were unchanged last month.

    Sub-national perspective, in February China, Korea and Japan and other major shipbuilding countries were received new ship orders for 2.333 million deadweight tons, 3.97 million deadweight tons and 1.009 million dwt, accounting for 31.4% of new ship orders the same period the world total, 53.4 % and 13.6%. Repair than watching from the carrier, China, Korea and Japan to undertake repair orders contained ratios were 0.25,0.35 and 0.59. Chinese shipyard orders mainly composed of bulk carriers, accounting for 87.6%. South Korean shipyard order includes seven VLCC, 13 Sou VLGC, 3 LNG vessels, six 14,000 TEU container ships and 2 production platforms, all high-end ship. Japanese shipyards orders is mainly composed of LNG carriers, car carriers and chemical tankers and other high-end ship repair load ratio to rise significantly.

    Afternoon, March market may gradually revive, orders are expected to more than two months, more than 10 million dwt again. But worthy of attention is on the market a certain number of recent resale boat, a small amount of new ship investors have a tendency to take profits, may cause some negative impact on investor confidence shipowners. Currently the amount of information on the market of new orders also decreased compared with January, if the market is not active in March, April pressure may be larger.

    Bulk freighter

    In February, the world's bulk carrier market traded a total of 26 new vessels, 2.483 million dwt, the number of vessels and tonnage of the previous month turnover obvious atrophy, decreased by 70.8% MoM and 74.9%. Ship from the transaction, the Capesize bulk carrier volume was 5, 1.082 million dwt. Panamax bulk carriers deal for six, 483,000 dwt. Handymax volume is 15, 917,000 dwt. This month bulk carrier orders have all been carved up by Chinese and Japanese shipyards, Korean shipyards not gain any new ship orders. Specifically, China's Shanghai Waigaoqiao Shipbuilding, and Jiangsu New Yangzi Shipbuilding Chengxi, Japan's shipbuilding village, new to the island shipbuilding etc. outstanding. Owner aspect, the Hong Kong shipping boat rental companies, as well as Greek shipping Cardiff Sinotrans become the main month new custom-made boat.

    January-February, the world's bulk carrier market traded a total of 115 new ships, 12,389,000 dwt vessels to a few dollars, down 10.2% in tonnage, an increase of 33.1%. Wherein Capesize volume accounted for 60.8%, Handymax volume accounted for 24.5%. Capesize bulk carriers aspect, very large ore carriers and 18 tons of bulk cargo turnover is more popular; Handymax transaction places 64,000 tons vessels based.

    New ship prices, February bulk carrier new ship price index last month rose 1 point to 134 points. Among them, the Capesize bulk carrier prices last month rose $ 50 million to $ 56 million; Panamax bulk carriers, Handymax and Handysize bulk carrier prices last month rose to $ 250,000, reached US $ 29.25 million, $ 27.5 million and $ 21.5 million.

    Market outlook, due to the amount of orders on hand continue to accumulate, difficult to see significant improvement in the freight shipping market is expected to Capesize bulk carrier Dingzao amount will drop slightly. Panamax bulk carrier supply and demand relative ease slightly, it is expected there will be custom-made compensatory demand for the release, but the total is more limited. Handymax rapid increase in the amount of orders on hand, shipping rates are still low, so the volume may be down. Due to the high age of the existing fleet ship, together with the existing fleet orderbook accounted for the proportion of smaller, shipping rates rising trend evident, anticipated future small handysize volume will experience some degree of rebound.

    Tanker

    In February, the total volume reached 16 tankers, 2.446 million dwt, down 51.5% from last month and 17.9%, respectively. Fell sharply this month Handymax tanker market volume is mainly due to lower, Handymax turnover 9, 306,000 dwt the previous month decreased by 13 and 478,000 dwt. This month VLCC trading volume picked up, traded 7 214 million dwt the previous month increased by two and 64 million dwt. This month Suezmax, Aframax, Panamax tanker zero turnover. In all VLCC 2 Yuefen deal, the Hyundai Heavy Industries won orders for five, Daewoo Shipbuilding gained two.

    New ship prices, in February, a new oil tanker ship price index rose 2 points to 162 points, including VLCC rose $ 2.5 million to $ 98.5 million; Suezmax tankers rose $ 50 million to $ 64 million; 11.5 million dwt Aframax tanker prices at US $ 54 million; 51,000 tons of finished oil tanker prices rose $ 25 million to $ 37.25 million.

    Market outlook, taking into account the needs of new and updated global demand for tanker capacity, the volume of oil tanker in 2014 to maintain a certain level, but the turnover structure changed significantly, VLCC trading volume continued to grow, product tanker turnover will fall. Crude oil ship, the investment value of crude oil imports continued to grow, India and other developing countries and their increasing focus on energy transport safety, and cost-effective generation of VLCC VLCC market will maintain a good momentum, Scorpio and other shipowners worth attention. Product tankers, it is expected 2014 and 2015 turnover was 6.4 million dwt and 4.5 million dwt, due to the concentration of the release of pre-orders, product tanker volume will appear larger drop. With the release of refining capacity in the Middle East, in a remote oil products traffic growth, taking into account economies of scale, orders for LR2 type MR type product tanker will be a certain degree of substitution.

    Container Ship 

    In February, the global container ship market traded a total of seven new ships, 85,000 TEU, with the number of vessels and container capacity meter, respectively, an increase of 75.0% and 441.9%. This month only traded two pen orders for new ships, including the United Arab Shipping at Hyundai Heavy Industries 6 14000TEU alternative orders into effect this month to become the largest pen orders. Plus last August the number of new custom-made boat, bringing the size of the orderbook Owner million boxes Very Large Container Ship has reached 16, 244,000 TEU. Japanese Shipowners Imoto Shoun in the national shipbuilding shipyard Xu Yang has ordered a 540TEU feeder container vessels.

    January-February, the global container ship market traded a total of 22 new ships, 234,000 TEU, to ship a few dollars, down 15.4%, to load boxes meter, an increase of 9.0%. Wherein, 8000TEU of large container ships to 19, 230,000 TEU, accounting for 98.3%; and large-scale vessels million boxes above the level is to reach 11, 156 000 TEU, its contributors are Greek container ship East Costamare and United Arab shipping.

    New ship prices, in February, Clarkson container ship new ship price index was 80 points, unchanged from last month. Wherein the Post-Panamax (13000TEU) prices last month rose $ 100 million to $ 116 million; Panamax (5100TEU) and Asia and Panama price type (2750TEU) prices were unchanged last month, they were maintained at US $ 55.17 million and US $ 31.5 million ; 1100TEU container ship prices last month rose $ 25 million to $ 19.75 million.

    Market outlook, the current Evergreen Marine has officially joined the CKYH alliance, and the establishment of new CKYHE Union. Alliance future global shipping market trend will be further strengthened, and showed P3, G6 and CKYHE three pillars of the situation. And each alliance to protect its own market share, will actively layout very large container ship force. Currently, G6 members NYK has clearly indicated that custom-made 10 14000TEU container ships, while MOL also re-leased by leasing six 10000TEU container ships. However, as most shipowners have basically implement large custom-made boat, in 2014 the amount of custom-made container ship new ship may be a certain degree of decline, but the wide-body and 3000TEU 9000TEU about the following container ships are still some demand for custom-made .