Alack of available tonnage is pushing ship prices higher, with demand still growing. In its latest weekly report, shipbroker Banchero Costa said that “newbuilding orders continued to flow this week. In the dry bulk sector, Chinese owner Yangzijiang Maritime reportedly placed an order for 6x 64,500 dwt bulk carriers at Jingjiang Nanyang, with deliveries scheduled for March 2029. The vessels are priced at around USD 35 million each. South Korean owner HMM placed an order for 8x 210,000 dwt ore carriers at Yangzijiang Shipbuilding for around USD 105 million each, with deliveries scheduled for March 2030. The vessels are backed by 25-year contracts with Brazilian mining company Vale. Chinese owner Fujian Shipping Group also ordered 2x 82,000 dwt bulk carriers at Jiangsu Haitong Offshore Engineering for around USD 41.2 million each, with delivery scheduled for May 2028. In the container sector, MSC ordered 6x 21,700 teu containerships at Zhoushan Changhong for around USD 225 million each, with deliveries scheduled for June 2029. The vessels will feature dual-fuel LNG propulsion. In the tanker sector, Greek owner Aegean Shipping reportedly placed an order for 1x 306,000 dwt VLCC at Hengli H.I. for around USD 120 million, with delivery scheduled for September 2029. Swiss/Turkish owner Advantage Tankers reportedly ordered 2x 50,000 dwt MR2 product tankers at Guangzhou Shipyard International for around USD 45 million each, with delivery scheduled for June 2029. Greek owner Dynacom also ordered 6x 93,000 cbm LPG/ammonia carriers at Hengli H.I., with deliveries scheduled between April 2028 and April 2031. Prices were not reported”.
Source: Banchero Costa Shipbroker
Meanwhile, in the S&P market this week, shipbroker Xclusiv commented that “in dry bulk, activity was spread across all major size segments this week. On the Newcastlemax sector, the “Houheng 6” – 262K/2017 Zhoushan Changhong and the “Houheng 5” – 262K/2017 GSI were sold for excess USD 70 mills each. On the Capesize sector, the “Highland” – 174K/2006 SWS changed hands for excess USD 25 mills. Moving down the sizes, the Kamsarmax “Bora” – 82K/2014 Sainty was sold for region USD 22 mills. On the Panamax sector, the “King Loong” – 77K/2006 Oshima was sold for USD 13 mills basis surveys passed. The Ultramax “Aeriko” – 63K/2013 Yangzhou Dayang changed hands for USD 24 mills, while the Supramax “Vela” – 54K/2007 Nam Trieu was sold for high USD 10 mills. Finally, on the Handysize sector, the OHBS “Sider Bellezza” – 40K/2026 Naikai Zosen was sold for USD 38.5 mills, while the “Crimson Wyoming” – 33K/2015 Kanda changed hands for low USD 18 mills, also basis OHBS”.
“Tanker S&P activity was firm this week. On the VLCC sector, the “Sea Leopard” – 314K/2011 Daewoo was sold for USD 135 mills. On the Suezmax sector, the “Montestena” – 159K/2012 Samsung Heavy was sold for USD 87 mills, while Greek buyers acquired the “Graff” – 151K/2001 NKK for excess USD 45 mills. Moving down the sizes, the Aframax “Vienna Wood” – 105K/2010 Sumitomo found new owners for USD 49.4 mills.
Source: Xclusiv Shipbroker
On the LR1 sector, the sister vessels “Marlin Hestia” – 74K/2017 Sungdong and “Marlin Hera” – 74K/2017 Sungdong were sold for USD 49 mills each. On the MR sector, the “Ardmore Endeavour” – 50K/2013 STX was sold for USD 34.5 mills and the “Dylan” – 50K/2009 Guangzhou was sold for USD 19.5 mills. Finally, French buyers acquired the small tanker “BS Haiphong” – 13K/2024 Pha Rung for USD 29 mills”, Xclusiv concluded.
