New construction market activity is going strong



TThe new construction market has remained strong throughout the past week. In its latest weekly report, shipbroker Banchero Costa said that “the NB market remains healthy, with a good number of orders reported this week as well; Greek owner Global Ship Lease (GSL) has reportedly ordered a 10 x 6,800 TEU container at Taizhou Sanfu, making its debut on the NB market. The vessels will be delivered from Q4 2028 to Q1 2030, and the advertised price is $917 million in total containers Greek owner Erasmus Ship Invest has reportedly booked an order jointly with China United Lines at Huangpu Wenchong for 4X 1,900 TEU Boxships, and in the dry market, Greek owner Tsakos has reportedly booked 2X 180,000 DWT Hengli Heavy Industries at $78 million each, for delivery during 2028. It is rumored that Chinese owner GBN has committed to double 64,000 super bulk carriers at New Dayang shipyard; announced price is $35 million for delivery in 2028 and 2029. In the gas sector, Purus Maritime has placed one order for a 174,000 cubic meter VLNGC at Samsung, with an announced price of $252 million for delivery in 2029.

Source: Banchero Costa

Meanwhile, on the S&P market, shipbroker Xclusiv said that “activity in the dry bulk market this week was spread across all volume segments, with a balanced mix of old and new tonnage. In the Capesize segment, ‘KERKIS’ – 177K/2007 Namura was sold to Chinese buyers for US$25.5 million. Moving to the Kamsarmax segment, ‘VULCANIA’ was acquired by Greek buyers.” – 82K/2015 Jiangsu Newyangzi for 26 mill USD Low, TC basis linked to Oldendorff at 105% BPI for 11-14 months, in Panamax sector, “PROTEAS” sold – 76K/2005 Tsuneishi for 11.75 mill USD in Supramax sector, “AFRICAN TERN” – 58K/2013 DACKS achieved a high price of US$19 million, with an SS/DD due June 2028. Finally, the Handysize sector saw steady activity, with the “SAFI FORTUNE” – 28K/2009 Imabari selling to Turkish buyers for US$9 million with an SS/DD due September 2029/January 2028.”

The shipbroker added, “S&P tanker activity this week was driven by strong interest in the Aframax/LR2 sectors, with a mix of modern and vintage tonnage variable, along with some smaller units. In the LR2/Aframax sector, a modern LR2 scrubber ‘SHANHAIGUAN P110K-70’ – 115K/2026 Shanhaiguan was outfitted to Ditas for US$90. The same sector was reported to have sold, “SEAMUSIC” – 113K/2009 New Times traded for $53.5 million, while Sumitomo – “SAMOS” – 105K/2010 traded at $44.5 million on an October cancellation basis.

Source: Exclusive

Furthermore, the Panamax/LR2 activity included the wholesale sale of the two sister ships “CAPE TEMPEST” – 74K/2008 New Times and “CAPE TAURA” – 74K/2007 New Times, which was concluded at a price of US$43.5 million in total. Additionally, “NAVE ARIADNE” – 75K/2007 STX sold for US$22.5 million. In the MR sector, ‘SANDPIPER PACIFIC’ – 52K/2013 Sungdong sold for US$32 million. Finally, in the small tanker space, GB VENTURE – 14K/2010 Yangzhou Kejin was acquired by Vietnamese buyers for US$10.5 million,” concluded Exclusive.
Nikos Rousanoglou, Global Hellenic Shipping News





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