Large Bulk Carriers in Demand
Larger bulkers were in demand in the S&P market over the past week. In its latest report, shipbroker Banchero Costa said that “in the Bulk sector, the Capesize TRADERSHIP 176,000 dwt 2006 Namura built was reported sold to undisclosed buyers at $19 mln. As comparison, in March ARABELLA 177,000 2005 Namura built was sold at $18 mln. The Kamsarmax THUNDERBIRD and BONEVILLE both 79,000 dwt 2010 and 2011each Jiangsu built were sold to Turkish buyers at low $19 mln enbloc. In the Panamx segment, IVESTOS 5 76,000 2005 Sasebo built reported sold at $9 mln. In the Supramax segment Europeans interests were behind the purchase of IVS Gleneagles and IVS Wentworth both 57,000 dwt 2015 Shin Kurushima built sold at $43 mln enbloc. In the Container sector JEJU ISLAND 2,742 teu 2006 Aker Werft built was sold for $20,50 to undisclosed buyers. In the Tanker sector, the Suezmax CASCADE SPIRIT and ASPEN SPIRIT both 156,000 dwt 2009 Jiangsu built, were reported sold to Nigerians buyers at $75 mln enbloc. Greek Owners were rumored behind the purchase of 6 x MR2 sisterships BRITISH CADET, BRITISH CAPTAIN, BRITISH CHIEF, BRITISH ENGINEER, BRITISH OFFICER and BRITISH SAILOR, all ships are 46,000 dwt and built 2017 Hyundai Mipo. At the time of writing, it is still unclear if subs were lifted, reported price, enbloc, $192 mln”.
Source: Banchero Costa
In a similar note, shipbroker Xclusiv added that “the Newcastlemax and Capesize sectors were notably active this week. HMM acquired the Scrubber fitted Newcastlemax “Luise Oldendorff”- 208K/2015 HHI for USD 51 mills. The Scrubber fitted & Electronic M/E Capesize “Thalassini Agatha” – 182K/2011 Universal was sold for USD 28.8 mills to Singaporean based buyers. Moreover, the “Tradership”- 177K/2006 Namura found new owners for USD 18.5-19 mills, while the Mini-Cape “Brilliant Jupiter” – 119K/2010 Sanoyas changed hands for USD 16 mills. The Kamsarmax/Panamax sector also saw solid activity, recording four sales. The Scrubber fitted Kamsarmax “Medi Nagoya” – 82K/2018 Tsuneishi Cebu was sold for excess USD 28 mills to Vietnamese buyers. The Kamsarmax “Thunderbird”- 79.5K/2011 Jiangsu Eastern and the “Bonneville” – 79K/2010 Jiangsu Eastern were sold enbloc for mid/high USD 19 mills, while Chinese buyers acquired the Panamax “Ivestos 5” – 77K/2005 Sasebo for USD 9 mills. Finally, the OHBS Handysize “Amstel Confidence” – 39K/2011 Minaminippon was sold for low USD 14 mills”.
“In the tanker S&P market, the Suezmax sector was particularly active. Nigeria based buyers acquired the “Cascade Spirit” – 157K/2009 Jiangsu Rongsheng and the “Aspen Spirit”- 157K/2008 Jiangsu Rongsheng for USD 75 mills enbloc. On the same sector, the Scrubber fitted “Advantage Solar”- 157K/2009 Jiangsu Rongsheng was sold for USD 36.4 mills to Chinese buyers. Additionally, the “Nordic Castor” – 150K/2004 Universal found new owners for USD 22.5 mills. On the MR2 sector, the “Seaways Frontier”- 50K/2007 HMD and the “Seaways Citron” – 50K/2007 HMD were sold for USD 14 mills each”, Xclusiv concluded.
Source: Xclusiv
Meanwhile, in the newbuilding market, Banchero Costa added that “in the bulk segment, the Chinese yard Nantong Xiangyu has secured an order of 3 x 210,000 dwt NewCastlemax from the Japanese based company Doun Kisen. The price was not disclosed; deliveries are going to start in early/mid 2028 and finish in late 2028. In the tanker sector, the Belgian company CMB Tech ordered to the Chinese yard Qingdao Beihai one 320,000 dwt VLCC with delivery expected in late 2028 and another 2 x 159,000 dwt suezmaxes with deliveries set for Q1 and Q4 of 2028. No price was disclosed. In the container sector, the Chinese yard Huangpu Wenchong received an order of 4 x 3,100 teu feeders from the Turkish company Arkas. No price was disclosed, deliveries are set to start in late 2027 and finish during Q1 2029. In the LPG sector, COSCO Shipping ordered 2 x 88,000 cbm LPG/ammonia carrier to COSCO Qidong yard. No price was reported; deliveries are set for mid/late 2028”, the shipbroker concluded.
Nikos Roussanoglou, Hellenic Shipping News Worldwide
