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New shipbuilding orders continue to climb

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//-Newbuilding /

Shipbroker Banchero Costa noted in its latest weekly report that newbuilding activity increased significantly last week, with more shipowners signing contracts to order new vessels. In the container ship segment, Greek company Danaos Shipping ordered two 7,500 TEU container ships at a price of USD 80 million each, scheduled for delivery in the fourth quarter of 2027 and the first quarter of 2028. Turkish company Ciner Shipping ordered two 3,100 TEU container ships at a price of USD 44 million each, expected for delivery in the fourth quarter of 2027. Chinese company Chenxin Shipping ordered four container ships, including two 4,350 TEU container ships (scheduled for delivery in mid-to-late 2028) and two 1,900 TEU container ships (scheduled for delivery in mid-to-late 2027). German company ElbFeeder placed an order for two 2,280 TEU container ships, scheduled for delivery in the third quarter of 2028. The tanker segment performed remarkably, with Norwegian company Frontline Management placing an order for two 306,000 DWT VLCCs, scheduled for delivery in the first quarter of 2028. Greek company Evalend Shipping ordered two 157,000 DWT Suezmax tankers at a price of USD 87 million each, scheduled for delivery in the second and fourth quarters of 2028. Greek company New Shipping ordered two 150,000 DWT Suezmax tankers at a price of USD 83 million each, scheduled for delivery in mid-to-late 2028. In the bulk carrier segment, Turkish company GSD Marin ordered one 64,000 DWT Ultramax bulk carrier, scheduled for delivery in the second quarter of 2029.

//-Secondhand Ship /

Shipbroker Xclusiv noted in its latest report that dry bulk carrier trading activity remained active. In the Capesize segment, the 179,000 DWT Leo Felicity, built by Mitsui Engineering & Shipbuilding in 2010, was sold to a Chinese buyer for USD 26.5 million. The 186,000 DWT Cape Progress, built by Kawasaki Heavy Industries in 2006, was also acquired by a Chinese buyer for over USD 20 million; the transaction included a time charter contract with a daily rate of USD 16,650, charter period until February-April 2026. In the Kamsarmax segment, the 82,000 DWT Aquabeauty, built by Japan’s Shin Kurushima Sanoyas Shipbuilding in 2020, was sold for USD 32.5 million. Sister ships CSSC Shijiazhuang and CSSC Taiyuan (both 82,000 DWT, built in 2020) were sold as a package for USD 50 million. The 82,000 DWT TR Lady, equipped with a wind rotor and built by Jiangsu New Yangzi Shipbuilding in 2017, was sold for USD 24 million. In the Panamax segment, the 76,000 DWT Sunshine Bliss, equipped with a scrubber and built by Oshima Shipbuilding in 2010, changed hands for USD 15 million. In the Handysize segment, the 35,000 DWT Vega Everest, built by Nantong Jingjiang Shipbuilding in 2011, was sold to a Turkish buyer for USD 9.2 million. The 34,000 DWT Global Mermaid, built by Japan’s Shin Kochi Shipbuilding in 2010, found a new owner at a low price of USD 11 million.

Supramax and Ultramax vessels were actively traded this week, accounting for nearly 50% of all bulk carrier transactions. Precious Shipping acquired two 66,000 DWT sister ships, the Jal Kalpavriksh and Jal Kalpataru, built by Mitsui E&S Shipbuilding in 2021, for USD 32.5 million each. The 63,000 DWT Izmir, built by Dayang Shipbuilding in 2013, changed hands for USD 18.4 million. Two sister ships, the AP Sveti Vlaho (54,000 DWT) and AP Drzic (53,000 DWT), built by Vietnam’s Ha Long Shipbuilding in 2009, were sold as a package to King Ship for USD 19 million. The 59,000 DWT Lycavitos, built by Tsuneishi Cebu Shipbuilding in 2007, was sold to a Chinese buyer for USD 12 million.

In the VLCC segment, the 302,000 DWT FPMC C Knight, built by IHI in 2011, was sold for USD 55 million. In the Suezmax tanker segment, the 159,000 DWT Kriti Vigor, equipped with a scrubber and built by Hyundai Heavy Industries in 2005, changed hands for USD 29 million. The 158,000 DWT Jag Lok, built by Hyundai Samho Heavy Industries in 2005, was sold to a Chinese buyer for USD 25.5 million. Additionally, a Brazilian buyer acquired the 149,000 DWT Heather Knutsen, built by Samsung Heavy Industries in 2005, for USD 33 million. In the LR1 tanker segment, the 74,000 DWT Fair Winds, built by New Century Shipbuilding in 2007, was sold for USD 11 million. The 75,000 DWT Palm, built by Hyundai Heavy Industries in 2005, changed hands for USD 12.75 million.

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