Ship Owners Invest in More Tanker Newbuildings

No prices were disclosed and deliveries are set for July and December 2028. Continuing in the VLCC segment, Greek owner Navios Group placed an order of 4 x 306,000 dwt tankers to the previously defunct Jiangsu Rongsheng H.I. shipyard. Chinese builder Wuhu has rented numerous building docks from the former mentioned and this move secured an order for at least 4 VLCC’s from the Greek owner. No prices were disclosed deliveries will span from Q3 2028, until Q4 2029. Hengli H.I. picked up an additional order this week, securing a contract for 11 x 158,000 dwt suezmax vessels from Greek group Dynacom. No prices are confirmed, and deliveries are set to start mid-2028 and end 2H 2032”, the shipbroker said.

Meanwhile, in the S&P market, shipbroker Xclusiv commented that “dry bulk S&P activity remained lively this week, with 18 sales reported, while modern eco units continued to attract firm interest. On the Capesize sector, Chinese buyers were linked to the acquisition of the scrubber fitted “STAR SCARLETT” – 176K/2014 Jinhai for USD 36 mills. In addition, the scrubber fitted “MICHALIS H” – 180K/2012 Dalian was sold to Chinese buyers for USD 35.2 mills, basis TC attached till Q4 2026 at USD 27,250/day, while the “EPIC” – 182K/2010 Odense Staalskibsvaerft changed hands for USD 32.2 mills. In the Panamax sector, the “BULK XAYMACA” – 77K/2006 Imabari was sold for USD 9.4 mills. On the Ultramax segment, the “QIDONG XIANGYU XY197” – 64K/2026 Nantong Xiangyu committed on subs at USD 36.5 mills to Greek buyers basis delivery ex-yard August 2026.

Also, the modern Japanese-built “BERGE TATEYAMA” – 64K/2020 Shin Kasado was concluded for low USD 34 mills. Chinese buyers acquired the “EXPLORER AMERICA” – 62K/2011 Oshima for USD 18.2 mills. On the Supramax sector, the “FORTUNE TIGER” – 58K/2013 Tsuneishi Cebu was sold for USD 19 mills, while the “LIMA TRADER” – 57K/2012 Qingshan changed hands for USD 13.2 mills. Finally, on the Handysize sector, the “HUNAN” – 40K/2016 Chengxi and the “POWAN” – 40K/2016 Zhejiang Ouhua were both concluded for USD 19 mills to different buyers. The “SIDER ATHENA” – 39K/2013 Chengxi was sold for USD 16 mills, while the ice-class 1C “CS CANDY” – 37K/2012 Tianjin Xingang was sold for USD 11 mills”.

Xclusiv added that “tanker S&P activity remained healthy this week with 10 reported sales. In the Suezmax sector, Greek buyers were linked to the acquisition of the modern Scrubber fitted sisters “EMERALDWAY” and “SUNRISEWAY” – both 158K/2022 SWS, concluded at USD 88 mills each. Also in the same size range, Greek interests acquired the scrubber fitted “FAIRWAY” – 160K/2013 HHIC for USD 56.5 mills. Meanwhile, the older CAP1 “NORDIC POLLUX” – 150K/2003 Universal changed hands for USD 25 mills. On the Aframax/LR2 sector, Greek buyers acquired the Coated and scrubber fitted sisters “FS DILIGENCE” and “FS ENDEAVOR” – both 109K/2012 Namura, for USD 86 mills each. Further down the sizes, the LR1 sisters “CAPE TEES” – 74K/2009 New Times and “CAPE TALLIN” – 74K/2008 New Times were sold enbloc for USD 42 mills to Trafigura. Moreover, the LR1 “PGC ALEXANDRIA” – 75K/2006 Onomichi was sold for high USD 15 mills. Finally, the Scrubber fitted & Zinc Coated MR2 “CABO NEGRO II” – 47K/2006 Shin Kurushima changed hands for low USD 14 mills”, the shipbroker concluded.