According to China Water Transport, Shanghai Ship Price Index (SPI) has declined by 1.14% to 765.96 points. Domestic secondhand transaction activities have been warmed up with domestic trading shipping market see mild recovery.
According to data from cn-eship, about 547 secondhand ships of 477,000dwt were traded with a total value of CNY770m in March, increasing by 47.04% and 21.37% in volume and tonnage while declining by 9.41% month on month. The top three shipping exchange market in trading value are Shang Shipping Exchange (CNY87.36m), Wuhu Yangtze River Shipping Exchange Market (CNY73.65m) and Nanjing Ship Trading Management Co., Ltd (CNY64.30 m). Top three in ship volume are respectively Huzhou Shipping Exchange Market Co., Ltd (72 vessels), Wuhu Yangtze River Shipping Exchange Market (55 vessels) and Jiaxing Antong Shipping Exchange Market Co., Ltd. (49 vessels).
With the recovery of coal and building materials transporting market, prices for coastal 5,000dwt bulkers and other inland bulkers witness mild increase. Totally 389 bulker of 330,681 dwt with a trading value of CNY342.55m, increasing by 32.76% and 18.90% in ship volume and tonnage, falling by 29.05% in value against last month. The average ship tonnage and age are about 850dwt and 7.89 years, decreasing by 10.61% and 1.97% separately.
In March, domestic secondhand tanker assessment has declined while coastal tanker value goes upturn. 25 secondhand tankers of 32,527dwt worth CNY148.32m were changed hands monthly, rising by 150.00% and 70.75% in volume and tonnage while dropping by 31.70% in value compared with last month. The average ship tonnage and ship age is 1,301dwt and 7.45 years, declining by 31.70% and 46.19% month on month.