Tanker prices set the tone in week 44, led by a USD 110 million Suezmax sale, while dry bulk trade stayed in the mid-teens to high twenties and Bangladesh kept the strongest recycling price.
The 2012-built Suezmax FLEVES, a 158,517 dwt unit from Hyundai, sold at USD 110 million, the highest price reported for any vessel in the week. The 2009-built HAIMA, built at Mitsui Tamano, was sold to Greek buyers at USD 65 million, and the 2007-built ALBARO, a 75,000 dwt Panamax tanker from Brodosplit, went to Greek buyers at USD 24.4 million.
Product tankers covered a wide range. The 2020-built MR2 GREAT EPSILON, of 49,298 dwt from New Times, was reported at around USD 49 million with delivery in January 2027. The 2008-built MR2 LEON WISDOM of 49,999 dwt sold to clients of Wisdom at USD 26.5 million, and the 2007-built MR LS NEPTUNE of 50,530 dwt from SPP was reported at USD 20.2 million. Older and smaller units were priced lower. ROUTE, built in 2004 at Daewoo, sold at USD 24.5 million, OCEAN THALIA, built the same year at STX, at USD 15 million, and the 2007-built chemical and oil products tanker OM BORNEO of 29,013 dwt at USD 12 million.
Newbuilding activity in tankers was concentrated in larger sizes. Global Meridian contracted two 320,000 dwt tankers at Hanwha Ocean at a reported USD 133.5 million, and Bahri placed an order for three 320,000 dwt tankers at IMI in Saudi Arabia at a reported USD 150.3 million. Venergy ordered two 306,000 dwt tankers at Hengli with no price disclosed, and Jiahua Energy ordered a 102,000 cbm very large ethane carrier at Jiangnan Shipyard at USD 165 million.
Capesize and Panamax tonnage carried the larger dry bulk prices. The 2008-built Capesize LADYCHARM, of 169,676 dwt from Daehan, sold to Chinese buyers at USD 27 million. The 2011-built post-Panamax CARL OLDENDORFF of 93,028 dwt went to buyers from the Far East at USD 16.5 million, and the 2012-built Kamsarmax XING SHAN of 79,496 dwt sold at USD 19.74 million in an auction sale.
Older Panamax units cleared at lower levels. The 2006-built AMOY SUNNY of 76,598 dwt sold to Chinese buyers at around USD 13 million, and the 2001-built BAO NENG 16 of 74,492 dwt went to Chinese buyers at USD 9.294 million.
Supramax and Ultramax sales ran from USD 9 million to USD 22.25 million. The 2012-built BAHAMAS L of 56,141 dwt sold to ADNOC at USD 22.25 million, UNITY MELODY of 55,705 dwt, also built in 2012, to South Korean buyers at USD 18.5 million, and the 2003-built HV ALICE of 52,425 dwt at USD 9 million. Among smaller bulk carriers, SKYFALL, built in 2012, was reported at USD 11.5 million and VINCA, built in 2006, at around USD 12.5 million.
Handysize sales were priced between USD 13 million and USD 21.5 million. The 2016-built ASTRO CASTOR of 37,347 dwt sold to Greek buyers at USD 21.5 million, the 2014-built ASTRO POLARIS of 37,054 dwt to Greek interests at USD 20 million, and the 2013-built CETUS TIGER of 37,059 dwt to clients of HTK Shipping at USD 18.3 million. The 2013-built BAO SHINE of 32,203 dwt was reported at USD 13 million.
Newbuilding orders in dry bulk were limited. Meadway Bulkers ordered six 64,500 dwt bulk carriers at Nantong Xiangyu at USD 36 million each. Container ordering was heavier, including three 21,000 TEU ships for MSC at SWS at USD 225 million and two 7,100 TEU ships for Namsung at Dalian at USD 89 million.
Only one demolition sale carried a disclosed price. OCEANIC STAR, a 1994-built bulk carrier of 9,818 LDT, was delivered to Bangladesh at USD 545 per LDT. Two small bulk carriers, INZHENER TRUBIN and INZHENER VESHNYAKOV, of 4,051 LDT and 4,200 LDT, were reported as sold to India with no price.
Quoted levels held the usual order by destination. Bangladesh led at roughly USD 517 per LDT for bulk carriers and USD 538 per LDT for tankers, followed by Pakistan at about USD 491 per LDT for bulk carriers and USD 507 per LDT for tankers. India sat lower, near USD 459 per LDT for bulk carriers and USD 476 per LDT for tankers. Turkey remained well below the subcontinent at about USD 289 per LDT for bulk carriers and USD 300 per LDT for tankers. Container ships were quoted above bulk carriers in each destination, at USD 554 per LDT in Bangladesh and USD 315 per LDT in Turkey.
