Tanker sales were led by a nearly new LR2 at USD 120 million, dry bulk was priced in the Handysize and Supramax sizes, and gas carrier orders drew the largest newbuilding prices.
The 2025-built LR2 KASTOS, a 113,897 dwt unit from SWS, sold to Middle Eastern buyers at USD 120 million, the highest price reported for a tanker in the week. Among the crude sizes, the 2008-built Aframax AFRA MARE of 105,348 dwt was sold to Chinese buyers at USD 59 million, with a scrubber fitted and coated tanks. The 2002-built VLCC VIERA, of 306,999 dwt, changed hands at USD 75 million.
Product tankers traded across a wide age range. The 2006-built LR1 ASEAN FORWARDER of 74,543 dwt sold at USD 26.8 million, and the 2007-built TORM VENTURE of 73,701 dwt went to Emirati buyers at USD 23.9 million. In the MR2 size, the 2008-built PRIVE ANGEL of 51,246 dwt was reported at USD 24.6 million, while the same-year MATRAH of 51,021 dwt sold at USD 18.5 million on forward delivery. The 2005-built SEYCHELLES PROGRESS, of 37,558 dwt, sold at USD 10.65 million.
Newbuilding activity was concentrated in gas and product tonnage. BGN contracted four 93,000 cbm LPG dual-fuel VLGCs at HD Hyundai Heavy at USD 116.7 million each, and MISC ordered five 174,000 cbm LNG carriers at Hudong Zhonghua against a 20-year charter to Petronas. Emarat Maritime placed an order for six 74,000 dwt tankers at Jiangsu New Hantong at USD 55 million, and Top Ships contracted four 50,000 dwt ice class tankers at Guangzhou Shipyard International with no price disclosed.
Handysize and Supramax tonnage supplied most of the dry bulk sales. The 2017-built STELLAR ISABELA, a 37,993 dwt unit from Shimanami, sold in excess of USD 24 million on prompt delivery in the Atlantic, and the 2012-built LIMA STRAIT of 37,187 dwt went at USD 15.2 million. The 2012-built MAREM, of 34,148 dwt, sold at USD 13 million.
In the larger sizes, the 2016-built ES WARRIOR of 60,513 dwt from Sanoyas was reported at USD 29.5 million, and the 2013-built DIAMOND QUEEN of 61,414 dwt at USD 24 million following a Japanese style sale. Older Supramax tonnage cleared lower. The 2012-built EVER PROGRESS of 56,592 dwt sold at auction for USD 16.24 million, the 2007-built JIN XING of 55,496 dwt went to Chinese buyers at USD 14.6 million, and the sister pair OAK and JUNIPER, built 2011 at 57,275 dwt, went to Asian buyers at USD 16.5 million each. The 1997-built GUO DIAN 12, a 47,240 dwt unit, sold at USD 5.22 million.
Bulk carrier newbuilding was led by EuroDry, which ordered three 82,000 dwt ships at Hengli at USD 37 million. Yangzijiang Maritime contracted four 82,000 dwt units at Jiangsu Watts Energy, with options for two more and no price disclosed.
Few demolition sales carried a disclosed price. Bangladesh took the 1997-built general cargo ship FOTEX, of 2,594 LDT, at USD 530 per LDT, and China paid USD 372.3 per LDT for the LPG carrier BAI HUA YUAN of 2,099 LDT. The 1988-built FSO VIRINI PREM, of 21,205 LDT, was sold for recycling as is, and the 1961-built passenger ship FUNCHAL of 5,895 LDT also went with no price reported.
Quoted levels for the week kept the same order by destination. Bangladesh ranged from USD 485 to USD 510 per LDT for bulk carriers and USD 510 to USD 530 per LDT for tankers, with Pakistan a little behind. India sat lower, at roughly USD 430 to USD 465 per LDT for bulk carriers and USD 445 to USD 485 per LDT for tankers. Turkey stayed well below the subcontinent, near USD 280 to USD 290 per LDT for bulk carriers and USD 290 to USD 310 per LDT for tankers.
Smaller units completed the list. The motor tanker MEDIA, of 2,423 LDT, went to China, the 1992-built bulk carrier PACIFIC LEADER of 897 LDT to Bangladesh, and the ferry AEOLOS KENTERIS II of 1,227 LDT to Turkey.
