Fearnleys: Newbuilding Prices Stabilized

first_img  Product50’dwtUSD 37.5 mUSD 37.5 m36.037.5 Prices are based on payment terms 40/60 MT4112700 dwtDSME MangaliaTsakos2016-201751 BC337300 dwtNanjing DongzeNordic Hamburg2015options declared TankersDry BulkersOthers PRICES PRICES (mill usd)ThisweekLastweekLow2014High2014 CO210000 teuJiangsu Yangzi XinfuSeaspan2016100options declared Average Far Eastern Prices TypeNoSizeYardOwnerDelMill$Comm BC133000 dwtShin KurushimaSesoda2016   Handymax64’dwtUSD 28.0 mUSD 28.0 m28.028.0 LPG183000 cbmMHIAstomos2016 BC180500 dwtZhejiang OuhuaT. Klaveness2017 zoom 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.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.   Capesize180’dwtUSD 56.0 mUSD 56.0 m55.056.0   Aframax110’dwtUSD 54.0 mUSD 54.0 m52.054.0 NEWBUILDING CONTRACTS BC282000 dwtYZJT. Klaveness2014/2017options declared StableActiveSlower   VLCC300’dwtUSD 102.0 mUSD 102.0 m96.0102.0 BC284000 dwtSaseboSantoku2016 ACTIVITY LEVEL   Suezmax150’dwtUSD 68.0 mUSD 68.0 m64.068.0   Panamax82’dwtUSD 31.5 mUSD 31.5 m30.031.5 Fearnleys, April 3, 2014; Image: HHI BC338500 dwtHuataiInterlink2016 CO210000 teuYZJSeaspan2016100options declared Chem5+525000 dwtDinghengGenmar201642/43last_img read more

Brookfield Business Partners and Macquarie sell Quadrant Energy for 28 billion

TORONTO — Brookfield Business Partners and Macquarie Capital have signed a deal to sell Australian oil and gas company Quadrant Energy to Santos Limited for $2.8 billion (US$2.15 billion).The agreement also includes a contingent payment in connection with the recent significant Dorado-1 oil discovery and a royalty over all other future hydrocarbons produced in Quadrant’s Bedout Basin tenements.Brookfield Infrastructure says more deals ahead after $4.3-billion Enercare purchaseEnbridge sells assets worth $4.3 billion to Brookfield consortium in bid to reduce $61-billion debt pileThe sale is subject to certain consents and approvals including from the Australian Competition and Consumer Commission.Quadrant is focused on the Exmouth and Carnarvon Basins off the coast of Western Australia.Brookfield Business Partners and its institutional partners hold a 48.3 per cent stake in Quadrant, while Macquarie Capital and its partners hold a 21.8 per cent.Wesfarmers and AMB Holdings each hold a 13.2 per cent stake and Quadrant management holds 3.4 per cent. read more