MORE ACTIVITY IN THE S&P MARKET
The market for second hand ships has been expanding so far this year, with more deals being reported. In its latest weekly report, shipbroker Banchero Costa said that “in the dry bulk segment, SENTOSA CHALLENGER 81,600 dwt 2020 Imabari built (SS and DD due Apr 2025) and SENTOSA SPIRIT 81,911 dwt 2020 Tsuneishi Zosen were sold to Eurobulk at $32 mln each to undisclosed interest. The Ultramax SAGAR KANTA 60,835 dwt 2013 Oshima built (SS due Mar 2028, DD due Jun 2026) was reported sold to Indonesian interest at $19 mln. For comparison, in august 2024 DOLCE VITA 61,616 dwt 2012 Oshima was sold at the price of $23.5 mln. In the Supramax segment, RIVER GLOBE 53,627 dwt 2007 Yangzhou built (SS due Aug 2027, DD due Aug 2025) was reported sold to undisclosed interest for $8.50 mln.
Source: Banchero Costa
The Handysize vessel KEN STAR 38,204 dwt 2012 Imabari built (SS and DD due Dec 2025) was reported sold at $13.50 mln to undisclosed interest. In the tanker segment, the VLCC LOGGAM 299,996 dwt 2003 Samsung (SS due Jan 2028, DD due Apr 2026) was reported sold to undisclosed interest at $31 mln. 4 x Aframax sister DILONG SPIRIT, JIAOLONG SPIRIT, SHENLONG SPIRIT and TIANLONG SPIRIT all 159,000 dwt 2009 Boahi built were reported sold to Dynacom at $36 mln. The MR vessel HANSA OSLO 51,215 dwt 2007 STX built (SS due May 2027, DD due Jun 2025) was reported sold at $17 mln to undisclosed interest”.
Meanwhile, in a separate note, shipbroker Xclusiv added that “Berge Bulk acquired the VLOC “NSU Inspire” – 251K/2011 Namura for USD 37 mills. The Post-Panamax “Alcmene” – 93K/2010 YZJ was sold for USD 11.9 mills to Greek buyers. The Ultramax “Isabelle M” – 64K/2024 Imabari was sold for USD 41 mills to clients of Belships. Finally, the Handysize “Liberty C” – 33K/2012 Jiangsu Zhenjiang found new owners for USD 9.2 mills. This week, tanker S&P activity was subdued, with only four sales reported, two in the LR2 sector and two in MR1 sector. Greek buyers acquired the LR2 “Elytis”-113K/2024 SWS and the LR2 “Kavafis”-113K/2023 SWS for USD 143 mills enbloc. The Twin M/E and Shallow draft MR1 “Golden Dahlia” – 35K/2021 Fujian Mawei was sold for USD 32.88 mills to clients of Union Maritime. Greek buyers acquired the MR1 “Easterly Sirius” – 37K/2010 HMD for excess USD 16 mills”, the shipbroker concluded.
Source: Xclusiv
Banchero Costa added that “Evergreen signed 6 x 24,000 teu vessels at Hanwa Ocean and 5 x 24,000 teu vessels at Guangzhou International. The vessels were priced between $265 and $295 mln each. Danaos Shipping booked 2 x Panamax 9,200 teu vessels from Huangpu Wenchong at $105 mln a piece. Navigare Capital secured 4 firm orders plus 2 optional 4,300 teu units Taizhou Sanfu shipyard delivery between 2027 and 2028. CMA CGM continues to increase orders with a new $2.5 Bln deal for up to 12 containerships with Jiangnan Shipyard in China to be confirmed. Reaching the number of 104 vessels (excluding this 12 new orders) in their orderbook between S Korea and China. In the LNG bunkering segment, Evalend secured 4 x 18,000 cbm units with Hyndai Mipo at $92.5 mln each. 2 x 134,000 cbm LNG vessels will enter the in-house trading fleet of Hanwha Shipping, no price emerged for this deal”.
Nikos Roussanoglou, Hellenic Shipping News Worldwide
