Mid-sized tankers and Panamax-class bulk carriers set the week’s price levels, while large bulk carrier orders and a steady recycling market filled out the rest of the activity.
The 2007-built Aframax AEGEAN HARMONY, a 115,824 dwt unit from Samsung Heavy Industries, Geoje, sold at USD 55 million, the highest price reported for a tanker in the week. Further down the size range, the 2011-built KAMOME VICTORIA of 74,908 dwt went to Greek buyers at USD 39.5 million. The sister MR2 pair BOW ELM and BOW LIND, both built in 2011 at SLS and sold by Odfjell, changed hands en bloc at a total in excess of USD 62 million, subject to surveys.
Smaller product tankers cleared at lower levels. The 2007-built NEW FUTURE of 49,990 dwt sold to Greek buyers at USD 20 million, the 2005-built ROSE MAKIS of 45,838 dwt at USD 19 million, and the 2014-built HIGH FIDELITY of 49,990 dwt to D’Amico at USD 14 million. Three 18,500 dwt tankers from Fujian Southeast Shipyard, GOLDEN OAKTREE, GOLDEN PINE and GOLDEN POPLAR, were reported at USD 36.5 million each.
Newbuilding activity in tankers was light. Central Mare ordered two 50,000 dwt tankers at K Shipbuilding at USD 53 million each, for delivery in 2029. Nanjing Tanker contracted four 115,000 dwt tankers at DSIC for 2029 delivery, with no price disclosed.
Capesize and Panamax tonnage supplied the largest dry bulk prices. The 2017-built WILLIAM OLDENDORFF, of 179,120 dwt from Jinhai Heavy, sold to Greek buyers at USD 49 million, while the 2007-built Newcastlemax CAPE ALLIANCE of 206,190 dwt went to Chinese buyers at USD 35.5 million. The 2026-built DELMAX66, a 66,565 dwt unit from Tsuneishi Cebu, sold to Bulgarian buyers at USD 47 million, and the 2021-built DESERT NAMULI of 63,666 dwt went to Greek buyers at USD 38.5 million.
Ultramax and Supramax sales covered a wide range of ages. The 2019-built LIBRA CONFIDENCE of 63,500 dwt sold at USD 33.5 million through an online platform, and the 2013-built CHARADE of 58,109 dwt at USD 22.5 million. The 2011-built KRISTINITA of 58,105 dwt was reported at USD 20.5 million, the 2011-built SALTWIND EXPLORER of 55,648 dwt at USD 16.5 million, and the 2007-built SPAR GEMINI of 53,113 dwt to Chinese buyers at USD 12.4 million. The 2011-built post-Panamax MARITIME KING, of 95,675 dwt, sold at USD 19 million for delivery in January 2027.
Handysize sales were priced between USD 11.75 million and USD 23.5 million. The 2016-built MOUNTPARK of 37,839 dwt went to Turkish buyers at USD 23.5 million, the 2014-built UNION TAYLOR of 37,693 dwt sold at USD 22 million, and the 2011-built AMARELLA of 35,212 dwt at USD 12.1 million. The sister pair PAIWAN WISDOM and DAIWAN WISDOM, built in 2010, sold en bloc to US based buyers at USD 11.75 million each.
Lavinia Bulkers ordered four 212,000 dwt bulk carriers at Zhoushan Changhong at USD 78 million each, for delivery in 2030. COSCO contracted sixteen 87,000 dwt multipurpose grain carriers at Fujian Mawei at USD 50 million each.
Two bulk carriers carried a disclosed price. LIAN YI DA 2 HAO, built in 1998 at 5,560 LDT, went to Bangladesh at USD 512 per LDT, and SPARROW, also built in 1998 at 5,000 LDT, was sold to Pakistan at USD 500 per LDT. The bulk carrier ZHENG NENG FANG ZHO, of 7,813 LDT, and the motor tankers K.P.P.02 and K.P.P.03, of 1,446 LDT and 1,306 LDT, were also delivered to Bangladesh with no price reported.
Quoted levels kept the same order by destination. Bangladesh ranged from USD 495 to USD 510 per LDT for bulk carriers and USD 515 to USD 530 per LDT for tankers, with Pakistan slightly behind at USD 485 to USD 500 per LDT for bulk carriers and USD 495 to USD 520 per LDT for tankers. India sat lower, at roughly USD 440 to USD 465 per LDT for bulk carriers and USD 455 to USD 485 per LDT for tankers. Turkey remained 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.
The multipurpose ship SEA ELEPHANT, of 2,786 LDT, went to Turkey, the 1997-built reefer AFFINIS of 2,920 LDT was sold as is, and the jack-up rig WEST ECLIPSE of 26,349 LDT was also reported with no price.
