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Dry Bulk Newbuildings Back in Demand

More newbuilding orders for dry bulk carriers were reported during the past week. In its latest weekly report, shipbroker Banchero Costa said that “in the bulk sector, Singaporean owner Winning International placed an order for 2 x 325,000 dwt ore carriers to Hengli H.I. in China. The ship design is in collaboration with SDRARI in China and she will be dualfuel methanol ready. No price was disclosed, and deliveries will span end-2027 to Q3 2028. Japan’s Itochu Corp. placed an order of 1 x 82,092 dwt kamsarmax vessel to Tsuneishi Zhoushan shipyard. No price was disclosed, and delivery is set for Q4 2026. Shimanami Shipyard of Japan has confirmed the speculative construction of 10 x 40,100 dwt vessels. Deliveries will start Q1 2026 and end late-2028. In the tanker sector, Israeli owner Ray Car Carriers placed an order of 4 x 320,000 dwt VLCCs to Hyundai Samho in Korea. The price for each vessel is $130.2 mln and deliveries will span from mid-2028 until mid2029. Greek company Maran Tankers placed an order of 2 x 320,00 dwt VLCCs to Korean yard Hanwha Ocean. Deliveries will start Q2 2028 and finish Q3 2028. Netherland-based Trafigura Beheer placed an order of 1 x 310,000 dwt VLCC to Jiangsu New Hantong shipyard. The price is $120 mln and delivery is scheduled for June 2030. In the gas sector, China’s Jiangnan Shipyard secured an order for 2 x 100,000 cu.m. gas carriers from Canada’s Seaspan Corp. Both vessels are ethane carriers and will be delivered Q2 2028. In the container sector, Japanese owner Nissen Kaiun placed an order of 2 x 5,900 teu carriers to Tsuneishi Zhoushan shipyard. No price was disclosed, and deliveries are set for Q2 and Q3 2026”, the shipbroker said.

Source: Banchero Costa

Meanwhile, in the S&P market, shipbroker Xclusiv commented that “in the Capesize sector, the “PACIFIST” – 181K/2011 Koyo was sold for USD 32 mills, with surveys due in January 2026. Additionally, the “LAKE DOLPHIN” – 179K/2011 Hanjin Heavy changed hands for USD 30 mills. Moving to the Post Panamax segment, MSPL Ltd acquired en bloc the sister vessels “INDUS PROSPERITY” – 93K/2011 Taizhou Sanfu and “INDUS FORTUNE” – 93K/2011 Taizhou Sanfu for mid USD 11 mills each, with surveys due in April and July 2026 respectively. On the Kamsarmax sector, the Japanese-built “KEY FRONTIER” – 81K/2011 Universal was sold at mid USD 18 mills, while Chinese buyers acquired the Panamax “THE STRONG” – 75K/2004 Hudong Zhonghua for USD 6.85 mills.

The 2019-built Ultramax “CMB JORDAENS” – 63K/2019 Tadotsu was sold for USD 30 mills, basis purchase obligation on a TC at USD 13K/day with delivery scheduled for Sept/Oct 2026. Further activity includes the auction sale of the Supramax “SEACON 7” – 57K/2012 Ningbo at USD 12.58 mills, and the sale of the Supramax “INCE KASTAMONU” – 57K/2010 Cosco Zhoushan at USD 12.75 mills. Moving to more Supramax sales, the “WARISA NAREE” – 54K/2010 Hindustan fetched USD 9.5 mills, while the “JIN SUI” – 57K/2008 Chengxi was sold for USD 10.3 mills. Chinese buyers acquired the “LEONIDAS” – 54K/2005 Xiamen for USD 8.5 mills. At the lower end of the size range, the Ice classed II “COSCO WUYISHAN” – 32K/2010 Fujian Mawei was reported sold for USD 8.8 mills, via auction. The Japanese-built “SOFIA K” – 32K/2009 Hakodate changed hands for USD 11 mills. Finally, the “SHIMANAMI STAR” – 28K/2006 Shimanami was sold to Chinese buyers for USD 6 mills”.

Source: Xclusiv

In the tanker segment, Xclusiv added that “in the VLCC sector, the two sister vessels “MERMAID HOPE” – 297K/2011 Universal and “MERCURY HOPE” – 297K/2011 Universal have reportedly changed hands at USD 60 mills each, with details on buyers remaining undisclosed. Chinese buyers acquired the “ALRAYA” – 300K/2005 IHI for USD 45 mills, while, the “DENNIE” – 308K/2000 HHI was sold to Chang Gold for USD 30 mills. On the Suezmax segment, the scrubber-fitted “ADVANTAGE SUMMER” – 157K/2010 Jiangsu Rongsheng was sold for USD 40.4 mills. Additionally, the “SAPPHIRA” – 150K/2008 Universal changed hands for USD 37 mills, buyers undisclosed. In the MR2 sector, the scrubber-fitted “LVM WARRIOR” – 50K/2015 HMD fetched USD 33.3 mills, the “GLENDA MERYL” – 47K/2011 HMD was reported sold for USD 19.5 mills, basis SS/DD due and the Ice Class 1A “NAVE EQUINOX” – 51K/2007 STX, achieved USD 14.4 mills, buyers undisclosed. In the small tanker segment, the “VS LARA” – 11K/2006 RMK Marine was sold for USD 6 mills, while the “ANGELINA AMORETTI” – 24K/2004 JNS changed hands for USD 6 mills”, the shipbroker concluded.
Nikos Roussanoglou, Hellenic Shipping News Worldwide



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