Newbuilding Orders Keep Piling Up


Source: Banchero Costa
Meanwhile, in the S&P market, shipbroker Xclusiv said that “dry bulk S&P activity revs up after Posidonia week concluded. On the Newcastlemax sector, the Scrubber fitted “Classic Aro” – 206K/2008 Imabari was sold for high USD 26 mills to Chinese buyers basis TC attached at USD 20K/day till min July 2025 – max Jan 2026. Back in April 2022, current sellers had acquired that vessel for high USD 26 mills. The Panamax “Coral Jasper” – 78K/2012 Shin Kurushima found new owners for high USD 22 mills. High S&P activity was noted mainly on the Supramax/Ultramax sectors.
Korean buyers acquired the Scrubber fitted “Western Oslo”- 64K/2019 Nantong Xiangyu for USD 32 mills, while the one year older Scrubber fitted Japanese built “Velvet” – 63K/2018 Oshima was sold for USD 35.5 mills. Moreover, the Scrubber fitted “August Oldendorff”- 61K/2015 JMU and the “Alwine Oldendorff” – 61K/2014 JMU were sold for USD 30.5 mills each to Far Eastern buyers. On the Supramax sector, the “Gillingham”- 58K/2010 Yangzhou Dayang changed hands for USD 13.9 mills. Last but not least, on the Handysize sector, the “Western Panama” – 39K/2015 JNS was sold for USD 18.6 mills to clients of Precious shipping”.

Source: Xclusiv
The shipbroker added that “tanker S&P activity was also firm, with 10 vessels founding new owners. Greek buyers acquired the LR1 “Avra Patros”- 75K/2008 Sungdong for USD 29.75 mills. Scorpio tankers announced the sale of 5x MR2 vessels. The “STI Beryl”- 50K/2013 in HMD was sold for USD 36.6 mills to Great Eastern. The Scrubber fitted “STI Garnet” – 50K/2012 HMD, the Scrubber fitted “STI Onyx” – 50K/2012 HMD, the “STI Ruby” – 50K/2012 HMD & the Scrubber fitted “STI Topaz” – 50K/2012 HMD were sold for USD 35.625 mills each. Finally, on the same sector, the “Neutron Sound”- 50K/2007 SPP found new owners for excess USD 23 mills”, Xclusiv concluded.
Nikos Roussanoglou, Hellenic Shipping News Worldwide