Tanker volume came from a single seven-ship portfolio, dry bulk trade concentrated in Handysize and older Capesize tonnage, and Bangladesh again led the recycling table on prices above USD 500 per LDT.
SFL provided the week’s largest tanker transaction. The company sold seven vessels to clients of Trafigura: the 2015-built LR2s SFL PANTHER, SFL PUMA and SFL TIGER, the 2014-built LR2 SFL LION, and the 2019-built Suezmaxes MARLIN SANTORINI, MARLIN SHIKOKU and MARLIN SICILY. The LR2s are 115,000 dwt units from Guangzhou Longxue and the Suezmaxes are 156,000 dwt units from NTS. No price was disclosed for the group.
Older crude tonnage was priced individually. The 2004-built shuttle tanker LXH, a 151,174 dwt unit from Samsung, sold at USD 61.5 million, and the 2004-built YELLOW TRADER, a 158,609 dwt unit from Daewoo, achieved USD 61 million. The 2004-built HYDRA, a 105,744 dwt unit from Sumitomo, sold at USD 51.5 million. In the smaller sizes, the 2011-built BOW ELM of 46,098 dwt went for USD 29 million and the 2006-built SAKURA SHUCHI of 19,969 dwt for USD 13 million. The 2025-built Aframax COPENHAGEN STAR, a 115,346 dwt unit from Daehan, was reported sold to Middle Eastern buyers at USD 125 million.
Gas carriers dominated tanker newbuilding. ADNOC L&S ordered three 90,000 cbm units at Hengli at USD 108 million, and SFL contracted two 93,000 cbm LPG and ammonia carriers at Jiangnan Shipyard at the same figure. Advantage Tankers placed two 114,000 dwt product tankers at Dalian Shipbuilding Industry, and Carlova Maritime ordered two 114,000 dwt tankers at Imabari. Prices on both product tanker orders were not disclosed.
The largest dry bulk price belonged to the ARRIKTOS, a 181,250 dwt Capesize built by Hengli and due for delivery in 2027, which went to Chinese buyers at USD 90 million. Capesize tonnage on the water was lower: the 2011-built GOLDEN MYRTALIA, a 177,979 dwt unit from SWS, sold to European buyers at USD 40 million, and the 2009-built PAN ADVANCE, a 179,185 dwt unit from HHI, at USD 37 million.
Kamsarmax pricing spread by age. The 2021-built NEW WAVELENGTH of 81,984 dwt sold at USD 38.4 million, while the 2012-built WEI HE of 79,440 dwt, built by Jinhai, went for USD 16 million. A 2004-built Supramax, the SHENLI of 56,042 dwt from Mitsui Tamano, sold to Chinese buyers at USD 9.8 million.
Handysize business was the most active part of the market. The 2019-built ASL CRYSTAL, a 38,582 dwt unit from Tsuneishi Cebu, sold to Thoresen Shipping at USD 27.7 million. Vietnamese buyers took the 2013-built LOCOMOTION, a 38,046 dwt unit from Shimanami, from Japanese owners at USD 19 million. Older units cleared lower: the 2014-built AM PRESTIGE at USD 12.5 million, the 2010-built ZBB SERENITY to Turkish buyers at USD 12 million, and the 2007-built BAM PROTEUS to Greek buyers at USD 9.5 million. Two 1997-built Japanese units, GUO DIAN 16 and GUO DIAN 18, sold at USD 5.22 million and USD 6.52 million.
Newbuilding orders were concentrated in the largest and mid-sized bulkers. Evalend ordered two 211,000 dwt units at Tangshan Dajin at USD 77.5 million each, and U-Ming Marine placed two 211,000 dwt units at Jiangsu Hantong at USD 78 million each. U-Ming also ordered four 64,000 dwt units at New Dayang at USD 37.15 million each. MOL contracted two 210,000 dwt units at Yangzijiang, and Almi Marine three 64,500 dwt units at Cosco Zhoushan, both at undisclosed prices.
Bangladesh led the recycling market on price. The 1996-built ropax HAKUOU, with 11,304 LDT, went there at USD 577 per LDT, the highest price reported in the week. The 1998-built bulk carrier LONG HU, a 73,937 dwt unit of 9,798 LDT, was sold to Bangladesh at USD 540 per LDT, and the 1996-built LPG tanker SC DISCOVERY XLVI of 2,428 LDT at USD 528 per LDT.
Quoted levels for the week showed the same ordering by destination. Bangladesh sat near USD 518 per LDT for tankers and USD 495 per LDT for bulk carriers, with Pakistan close behind at USD 510 and USD 493. India was lower at USD 473 per LDT for tankers and USD 457 per LDT for bulk carriers, and Turkey remained well below the subcontinent at roughly USD 290 to USD 305 per LDT across the same ship types. Container tonnage was quoted highest, at USD 535 per LDT in Bangladesh.
Smaller sales added to the count without adding price information. The tanker BANDIRMA, of 2,982 LDT, went to Turkey, the fishing vessel EVS to India, and the three passenger and ferry units PACIFICAT DISCOVERY, PACIFICAT EXPLORER and PACIFICAT VOYAGER, each of 1,363 LDT, were also sold for recycling.
