Ship Owners Are Loading Up on Newbuildings
Banchero Costa added in a separate note this week, that “in the gas market an order for 8 x 174,000 cbm LNG carrier was placed by European owners at Hyundai Heavy, deliveries expected during 2nd half of 2026. Again at Hyundai, Capital Gas ordered 2 x 174,000 cbm LNG carrier, dely mid 2026, vessels are priced around $245mln each. Turkish owner Pasco Gas signed at Hyundai Mipo 1 + 1 x 40,000 cbm LPG carrier with delivery during 1st half of 2025.
The vessels, to be dual fuel, are priced around $64mln each. In the container segment MTT, Malaysia, exercised options for three more 1,800 teu units at Penglai shipyard that will be delivered in 2024. MPC Container placed an order for 2 x 1,300teu carriers, methanol fuelled, at Taizhou Sanfu. Dely expected in 2024, price estimated around $39mln each”.
Meanwhile, Allied added that “on the dry bulk side, it was a rather strong week for the SnP market, given the firm number of transactions coming to light. For the time being, only the Capesize market remains sluggish in terms of activity taking place, that comes though, rather inline with the general volatility and periodical asymmetries noted in its respective freight rates. All-in-all, a lot will depend on the side of freight earnings, where a considerable pressure is currently in place, as to whether we are about to continue to see a fair volume taking place or not. On the tanker side, a modest flow of fresh secondhand deals appeared in the market as of the past week. At the same time though, activity was skewed in favour of the smaller size segments, somehow inline with the overall incremental recovery from the side of freight earnings. Hopefully, with many having already taken a more bullish stance, we can expect buying appetite to remain firm in the near term at least”, the shipbroker concluded.
Similarly, Banchero Costa also noted that “a slightly quiet week for second hand activity, more focused on vintage tonnage. In the Supramax segment, according to marker rumours, the Mamaba Point 56,000 dwt built 2009 Mitsui (BWTS fitted) is sold to undisclosed buyers around $20.2/20.3 Mln. The Medi Bangkok 53,000 dwt built 2006 Imabari (BWTS fitted) is reported sold with a short BBHP structure at a comparable level of about $17.5 Mln.
In the Handysize sector the Yangtze Spirit 35,000 dwt built 2012 Dongze (BWTS fitted) is reported sold for $17.2 Mln and the similar age, but smaller Vantage Rider 29,000 dwt built 2011 Nantong Nikka is reported sold to Middle Easter buyers for $15 Mln. In the tanker market asset prices kept increasing. The Magnus 115,000 dwt built 2005 Samsung (BWTS fitted) is reported sold to Greek buyers for $22.5 Mln and the sister Kronviken built 2006 (BWTS fitted) is reported sold too to Greeks for a price close to $25 Mln. The product tanker Explorer II 47,000 dwt built 2005 Onomichi is sold to undisclosed at a price a little over $12 Mln marking a significant hike”.
Nikos Roussanoglou, Hellenic Shipping News Worldwide