Newbuilding Activity Ramping Up | Hellenic Shipping News Worldwide
Newbuilding ordering activity has started ramping up higher over the past week, as more owners dipped their toes on the market. In its latest weekly report, shipbroker Banchero Costa said that “in the container sector, Greek company Euroseas Ltd placed an order to Chinese yard Jiangsu New Yangzi for 2 x 4,300 teu carriers. The price for each vessel is $59.25 mln and deliveries are scheduled for Q1 and Q2 2028. In the bulk sector, the German-based company Mibau Stema placed an order of 2 x 40,000 dwt vessels to Chengxi Shipyard in China. Each vessel will be biofuel and methanol ready, and the vessels will be delivered mid-2028. In the chemical sector, UK company MC Group Ltd placed an order of 4 x 49,400 dwt chemical carriers. The price for each vessel is $50 mln and deliveries are set to start Q3 2027 and finish Q2 2028. In the product sector, Hanwha Shipping USA placed an order to the US-based Hanwha Philly for 10 x 50,000 dwt product carriers. Vessel deliveries will start early 2029 and finish mid-2033. Greek company Venergy Maritime also placed an order of 2 x 50,000 dwt product carriers to Korea yard K Shipbuilding. The price for each vessel is $47.9 mln and deliveries are set for early and mid 2027. In the gas sector, Hanwha Ocean Shipping Co. placed an order to the Hanwha Ocean shipyard in Korea for 1 x 174,000 cu.m. LNG carrier. The price is put at $252 mln and the vessel is set to be delivered mid2029”.
Source: Banchero Costa
Meanwhile, in a separate note, shipbroker Xclusiv noted that on the S&P front, “this week saw robust activity in the dry S&P market, reflecting increased momentum and stronger sentiment among buyers and sellers. Chinese buyers acquired the Newcastlemax “Karadeniz Powership Rauf Osman Bey” – 208K/2010 Universal for low USD 33 mills. Moving down the sizes, the Post-Panamax “Costanza” – 93K/2010 Oshima was sold for USD 16.1 mills to Indonesian buyers, while the Kamsarmax “Sea Venus” – 81K/2013 New Century found new owners for USD 16.5 mills. On the Kamsarmax sector, the “Sea Orpheus” – 79K/2015 Jinhai Heavy changed hands for USD 18.5 mills, while on the Panamax sector the vintage “The Able” – 72K/1998 Hitachi Zosen was sold for excess USD 5 mills basis dd due. On the Ultramax sector, the Shin Kurushima built “Pavo Breeze” – 64K/2023 was sold for xs 32 to Greeks, the “CP Shenzhen” – 64K/2017 Chengxi and the “CP Nanjing” – 64K/2017 Chengxi were sold for high USD 23 mills each. The Supramax “Doric Victory” – 58K/2010 Tsuneishi Cebu found new owners for USD 15 mills, while the 3-year-older “Meteora” – 58K/2007 Tsuneishi Cebu was sold for USD 11.65 mills. Last but not least, Middle Eastern buyers acquired the Handysize “Minanur Cebi 1” – 34K/2011 21St Century for USD 11.6 mills”.
Meanwhile, “this week’s Tanker S&P activity was largely driven by transactions in the bigger vessel classes, reflecting stronger interest in the crude sector. The VLCC “Monaco Loyalty”- 307K/2007 Dalian was sold for low USD 40s. On the Suezmax sector the “Sofia”- 165K/2010 Hyundai Samho changed hands for USD 40 mills, while the one-year-older “Constantios” – 158K/2009 Hyundai Samho found new owners for region USD 40 mills. On the MR2 sector, the “Hafnia Nordica” – 53K/2010 Shin Kurushima was sold for low USD 20 mills. Finally, Korean buyers acquired the Small tanker “Condor Trader” – 22K/2016 Shin Kurushima for USD 28.8 mills”, Xclusiv said.
Source: Xclusiv
Banchero Costa added that “in the bulk sector, the post-panamax COSTANZA 92,000 dwt 2010 Oshima built was reported sold to Indonesian interests at upwards of $16 mln. In the ultramax segment, PAVO BREEZE 64,000 dwt 2023 Shin Kurushima built was reported sold to clients of Belship for $36 mln. In the supramax segment, DORIC VICTORY 58,000 dwt 2010 Tsuneishi Cebu built was reported sold at $15 mln. Another Tess-58, METEORA (2007), was reported sold at $11.9 mln. In the handy segment, ASTON TRADER 39,000 dwt 2017 JNS built was reported sold to clients of Pioneer at $19 mln. In the tanker sector, the suezmax CONSTANTIOS 158,000 dwt 2009 Hyundai Samho built was reported sold at $40 mln. Chinese interests were behind the purchase of the LR2 vessel PACIFIC SKY 115,000 dwt 2009 STX Dalian built at $34 mln. The MR2 vessel STI MAESTRO 48,000 dwt 2020 Hyundai Vinashin built was reported sold to clients of V Energy at $32 mln”, the shipbroker concluded.
Nikos Roussanoglou, Hellenic Shipping News Worldwide
