More Newbuilding Contracts for Dry Bulk Carriers

Ship owners were quite active in the dry bulk newbuilding market last week. In its latest weekly report, shipbroker Banchero Costa said that “the Greek company DryDel ordered an Ultramax 64,000 dwt at Imabari. No price was disclosed, delivery is set for Jun 2028. Fujian Mawei secured an order from COSCO Shipping for 15 x 80,000 dwt. Each vessel is priced $50 mln and deliveries are set to start in mid 2027 and to finish in late 2032. Imabari secured an order of 5 x 40,000 dwt from Japan company Shinomiya Tanker K.K. The price for each vessel is $33.5 mln and deliveries are set in late 2025 for all vessels. In the container sector, Norwegian company Blystad Group ordered 3 x 3,000 teu carriers to Chinese shipyard Penglai Zhonghai Jinglu. The price for each vessel is $43 mln and deliveries are set to start in mid 2027 and finish in mid 2028 In the gas sector, Sentek Marine ordered 2 x 18,000 cbm LNG bunkering tankers to the Chinese shipyard Guangzhou Wenchong. No price was disclosed and deliveries are for mid-2027 and March 2028. In the tanker sector, Sentek Marine ordered 2 x 113,500 dwt Aframax vessels to New Times Shipyard. No price was disclosed and deliveries are set for late 2027 and Jan 2028”.

Source: Banchero Costa

Activity was increased in the S&P market as well. Shipbroker Xclusiv said that “in dry bulk, activity spanned the full-size range this week, with eight sales reported from Capesize down to Handysize. On the Capesize sector, the scrubber-fitted “Partagas” – 173K/2004 SWS was sold for excess USD 13.5 mills to undisclosed buyers. Vietnamese interests acquired the scrubber-fitted Post-Panamax “Baby Cassiopeia” – 111K/2012 Mitsui for USD 19 mills. In the Kamsarmax segment, Qatari buyers picked up the scrubber-fitted “Bright Pegasus” – 82K/2013 Tsuneishi Zhoushan for USD 17.6 mills. The Panamax “Selina” – 76K/2010 Jiangnan changed hands for USD 11.8 mills, with SS/DD freshly passed. The Electronic M/E Ultramax “Bulk Aquila” – 67K/2014 Mitsui was sold for excess USD 22 mills, while on the Supramax sector, the “Marigoula” – 58K/2013 Yangzhou Dayang was sold for USD 13.5 mills to undisclosed interests. Finally, on the Handysize sector, the OHBS “NY Trader III” – 39K/2016 Jiangmen Nanyang changed hands for USD 17 mills, while the “Amira Sara” – 28K/2014 Imabari was sold for high USD 11 mills”.

Meanwhile, “tanker S&P activity focused on the MR and chemical segments this week, with nine transactions reported across a broad dwt spread. The LR2 “Casper” – 108K/2010 Hudong Zhonghua has reportedly sold for region USD 34-35 mills basis surveys passed. The Japanese-built MR “Manta Galatasara” – 50K/2010 Onomichi has been sold to Greek buyers for about USD 17 mills, with SS/DD due shortly. The sisters “UOG Constantine” and “UOG Despina V” – 50K/2010 SLS were sold enbloc for USD 33.7 mills, while the Japanese-built “UOG Phoenix” – 47K/2010 Onomichi, achieved USD 17.5 mills. The MR1 “Osaka” – 38K/2008 HMD was sold for USD 14.8 mills to Middle Eastern buyers. Finally, on the Chemical tanker, the StSt “Birdie Trader” – 20K/2016 Usuki was sold for USD 28.5 mills to Chinese buyers, while the Ice Class 1C “Lessow Swan” – 7K/2008 ICDAS Celik found new owners for USD 9 mills”, Xclusiv said.

Source: Xclusiv

Similarly, Banchero Costa added that “in the Bulk sector undisclosed buyers were behind the purchase of the Kamsarmax BRIGHT PEGASUS 82,000 dwt 2013 Japanese built sold at mid $17,5 mln. A very similar vessel SEAPLUTO 82,000 dwt 2013 Chinese built was sold in April at $16,5 mln. In the Panamax segment SELINA 75,700 dwt 2010 Japan built was sold at $11,90 mln net. In the Supramax segment MARIGOULA 58,000 dwt 2013 Chinese built was reported sold at $13,5 mln. For comparison last month NZ HANGZHOU 56,000 dwt 2012 Chinese built was sold at $12,0 mln. In the Container sector A ROKKO 1096 teu 2024 Kyokuyo, Japan built was sold at $25,50 mln. In the Crude Oil sector the MR2 HORIZON APHRODITE 50,000 dwt 2008 SPP built was reported sold around $16 mln for comparison sister vessel HORIZON ATHENA was sold in January around $20 mln. In the Chemical sector BIRDIE TRADER 19,000 dwt 2006 Usuki, Japan built was reported sold to Chinese at low $28,0 mln”, the shipbroker concluded.
Nikos Roussanoglou, Hellenic Shipping News Worldwide