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Newbuilding Orders Are Piling Up Again

Newbuilding ordering activity is starting to pick up again after the recent holiday season break. In its latest weekly report, shipbroker Banchero Costa said that “in the container segment, German company Elbdeich Reederei placed an order of 2 x 1,900 teu with conventional fuel propulsion at Chinese Huangpu Wenchong shipyard. The price of each vessel was reported around $32.2 mln and deliveries are expected at the beginning of 2027. The Chinese shipyard Wuhu secured an order from Hong Kong based Kawa Shipping of 3 x 4,800 teu vessels. The price reported was $59.9 mln each and deliveries are expected by mid-2027. In the tanker segment, Pleiades exercised an option for 3 x 73,000 dwt products carrier at New Times Shipyard, taking the full order now to five vessels. The price reported for each vessel was $55 mln and deliveries are expected to start during the first half of 2028 and to finish at the end of 2028. In the bulk segment, Zhejinang Zheshang Leasing ordered one 63,500 dwt at Jiangsu Soho Chuangke shipyard for $34.5 mln. The delivery is expected in mid-2027”.

Source: Banchero Costa

Meanwhile, in the S&P market for second hand ships, in the dry bulk market, shipbroker Xclusiv said that “on the Capesize sector, Chinese buyers acquired the Scrubber fitted “Salt Lake City” – 172K/2005 Daewoo for USD 16.2 mills. On the Supramax we noted 3x vessels to find new owners, the “Jag Rishi” – 57K/2011 Cosco Zhoushan was sold for high USD 11 mills, the “Protector St. Raphael” – 57K/2010 Xiamen changed hands for region USD 11 mills, while the 5-year-older “Lorentzos”- 54K/2005 New Century was sold for USD 9 mills.

Vietnamese buyers, acquired the Handysize “Woodgate” – 28K/2011 Imabari for USD 10.5 mills, while the one-year-older “Blessing SW” – 30K/2010 Shikoku changed hands for high USD 8 mills. In the tanker market, “2x Aframax vessels, the “Amax Anthem”- 116K/2011 Samsung and the “Amax Avenue” – 116K/2010 Samsung were sold for USD 39.5 mills each. The Small tanker “Woolim 3”- 11K/2018 STX was sold for USD 24 mills”.

Source: Xclusiv

Banchero Costa added that it was “an active week in the dry segment. The SALT LAKE CITY 171,000 dwt 2005 Daewoo Built with (SS due 2025 BWTS fitted) was sold at $16,2 mln to Chinese Buyers. In the Panamax segment the SUNSHINE BLISS 76,000 dwt 2010 Oshima built (SS due 2025 BWTS fitted) was reported sold at $11,5 mln. After offers were invited last week the Ultramax NORD MAGELLAN 63,000 dwt 2020 Japan built (SS due 2025 BWTS fitted) at Meghna Group for $29,2 mln. A few relevant sales were reported in the Supramax sector with the PROTECTOR ST.RAPHAEL 57,000 dwt 2010 Xiamen built (SS due 2025 BWTS fitted) sold at region $11 mln together with JASMINE 56,000 dwt 2012 Japan built at $17,5 mln. It was the first active week of the year for tankers with the sale of the VLCC ROLIN 308,000 dwt 2005 Samsung built that went to Chinese buyers for $31 mln. The Aframax AMAX ANTHEM 115,000 dwt 2011 Korea Built (SS due 2026 BWTS fitted) was reported sold to undisclosed buyers at $39,5 mln. In the chemical sector the DH GLORY 13,000 dwt 2020 China built (SS due 2025 BWTS fitted) was reported sold to undisclosed buyers at $25,3 mln”, the shipbroker concluded.
Nikos Roussanoglou, Hellenic Shipping News Worldwide

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