Ship Owners Slowdown Their Investments As Global Economic Uncertainty Persists
Activity in the newbuilding and S&P markets appears to be slowing down lately, as global economic headwinds are taking a toll. In the newbuilding market, shipbroker Banchero Costa said in its latest weekly report that “in the tanker sector, Pan Ocean placed an order to an undisclosed shipyard for the construction of 2 x 330,000 dwt VLCC. The price was reported at $127 mln and deliveries are set for September 2027 and March 2028. In the bulk sector, Seacon Shipping ordered 1 x 40,800 dwt vessel at Imabari shipyard. No price was disclosed; delivery is set for March 2028. In the container sector, Capital Maritime ordered 2 x 8,400 teu carriers at Hyundai. The price for each vessel was reported at $120 mln; deliveries are set for March 2028 and September 2028. The Chinese shipyard Jiangsu Soho Innovation secured an order from Jiangsu Ocean Shipping for 3 x 3,000 teu. No price disclosed; deliveries expected for late 2026. Jiangsu Ocean Shipping also ordered 4 x 1,900 teu at another Chinese shipyard: Huangpu Wenchong. No price disclosed; deliveries are set to start in July 2028 and finish in late 2029. In the gas sector, Namura secured an order from Japanese company Mitsui O.S.K. for 6 x 74,000 cbm LNG carriers”.
Source: Banchero Costa
Meanwhile, in the Sale and Purchase market, in the dry segment, shipbroker Xclusiv noted that “on the Capesize sector, Greek buyers acquired the “Imperator Australis” – 176K/2012 Shanghai Jiangnan for USD 25.5 mills. The Panamax “Toro” – 77K/2008 Imabari was sold for USD 12.2 mills. On the Supramax sector, the “Ingwar Selmer” – 58K/2011 Yangzhou Dayang found new owners for USD 11.6 mills. Moreover, on the same sector, Chinese buyers acquired the Scrubber fitted “Oriole”- 58K/2011 Yangzhou Dayang for USD 12.8 mills, while the scrubber fitted “Star Petrel” – 58K/2011 Yangzhou Dayang was also sold to Chinese buyers for USD12.5 mills.
Finally, on the Handysize sector, the “Bunun Orchid” – 38K/2021 Imabari was sold for region USD 25 mills, while Chinese buyers acquired the “ID Pioneer”- 36K/2012 Taizhou for USD10.1 mills. In the wet, on the LR1 sector, Chinese buyers acquired the “Chemtrans Adriatic” – 74K/2005 New Century for high USD 10 mills. The MR2 sector demonstrated significant activity, accounting for 5 out of 6 sales. The “Nord Joy” – 50K/2018 JMU and the “Nord Jewel” – 50K/2018 JMU were sold for USD 74 mills enbloc. Finally, the “Ps Capri”- 51K/2011 STX was sold for mid USD 18 mills to Greek buyers”, the shipbroker concluded.
Source: Xclusiv
On a similar note, Banchero Costa added that “in the Bulk sector, the Capesize IMPERATOR AUSTRALIS 176,000 dwt 2012 Chinese built was sold to Chinese Buyers at $24.8 mln. For comparison, the ROSEMARY 179,000 dwt 2010 Daewoo built was sold in March at $25.0 mln. In the Kamsarmax segment Chinese Buyers were behind the purchase of KEY ACTION 82,000 dwt 2010 Tsuneishi built sold at $15.10 mln. For comparison SOLDOY 82,000 dwt 2010 Yangfan built was recently sold at $12.5 mln. Chinese interests were behind the purchase of 3 x Kamsarmax CL TIFFANY, CL GRACE, CL MONA 81,000 dwt 2013/2012/2013 Yangfan built reported sold enbloc at $45 mln. In the Ultramax segment, NORD MISSISSIPPI 60,000 dwt 2015 Japanese built was reported sold Greek buyers at $22.20 mln, $2.2 mln more than VANTAGE LADY 63,000 dwt 2015 Jiangsu built sold in April. In the Supramax segment, Vietnamese interests were behind the purchase of IVY ALLIENCE 55,000 dwt 2011 IHI, Japan built wassold at $15.6 mln. In the Handysize segment, BUNUN ORCHID 37,000 dwt 2021 Japanese built was sold to Stealth at $25.0 mln ( SS, DD due March 2026) For comparison IZANAGHI HARMONY 37,000 dwt 2021 Japanese built was sold for half million less. DL LAVENDER and DL OLIVE both 35,000 dwt 2014/2013 Korean built, were reported sold to Undisclosed buyers at $27 mln enbloc. In the Container sector, ATHENS GLORY and MSC AQUARIUS both 6,400 teu were sold to MSC at $88 mln enbloc. CAPE QUEST 2,190 teu 2017 Guangzhou built was reported sold to CMA CGM at $25 mln. In the Crude Oil sector, the LR1 CHEMTRANS ADRIATIC 73,000 dwt 2005 New Century built was reported sold to Chinese Buyers at $10.8 mln. The 2 x MR2 NORD JEWEL and NORD JOY 50,000 2018 Japanese built were sold for a price around $74 mln to undisclosed buyers. In the Chemical sector, KIMOLOS 4,600 dwt 2008 Chinese built was sold to undisclosed buyers for $4,6”, the shipbroker concluded.
Nikos Roussanoglou, Hellenic Shipping News Worldwide
