Shipowners’ shopping for curiosity in direction of the tanker and LNG sector has elevated significantly, over the course of the previous few weeks. In its newest weekly report, shipbroker Allied Shipbroking mentioned that “given the sturdy movement of recent tasks coming via as of late, we are able to argue that newbuilding market remained on a sustainable orbit for yet one more week. Within the separate sectors, the tanker market appeared extra energetic, which additionally got here comparatively inline with the “good” freight market overview of late, in addition to, the overall improved ahead sentiment. Alternatively, this cannot be mentioned for the dry bulk sector, the place the current bearish momentum in freight numbers, has derailed shopping for urge for food and sentiment available in the market. However this, some recent orders proceed coming to mild, however it’ll take a while, earlier than any type of stability is restored. On the pricing entrance, issues haven’t shifted significantly as of late and the market stays at multi yr excessive ranges throughout all important sectors”.
In a separate report this week, Banchero Costa mentioned that “gasoline sector is once more main our NB report. Apart from the massive orderbook now accomplished for Qatar Gasoline for 151 LNG, new enterprise emerged with Mitsui OSK ordering 3 x 174.000 cbm at Hudong Zhonghua for supply as of September 2026. All ships are already mounted into lengthy phrases to Singapore primarily based firm ENN. Within the drybulk sector, Huangpu Wenchong firmed and order for a 2 x 85,000-dwt bulkers from Shenhua Zhonghai while New Dayang signed a NB contract with Chellship for 2 x 63,000-dwt ultramax. No value nor particular supply information emerged on these 2 orders.
Within the chemical tanker sector, Xingtong Delivery (stocklisted in China) ordered a 13,000-dwt chemical tanker at Taizhou Maple Leaf with supply in 2024 at equal value of RMB 163 mln. The PCTC market can also be fairly agency with main house owners reserving three x 7,000-ceu dual-fuelled PCTCs at CIMC Raffles, the vessels are scheduled for supply in 2025 with the estimated value at $85m every. Ray Automotive Carriers additionally ordered two dual-fuelled 7,500-ceu PCTCs at Hyundai Samho, supply in 2025 and value of area USD 120 mln”, the shipbroker mentioned.
In the meantime, within the S&P market, Allied mentioned that “on the dry bulk facet, issues appeared barely extra fervent as of the previous week, given the truthful variety of transactions happening. It’s evident, that the risky freight market regime throughout the previous couple of months or so has considerably derailed the SnP market. At this level, the downward correction in asset value ranges for a while now, could as properly assist tightening the unfold between Patrons and Vendor and lead to a extra liquid market within the close to time period. Alternatively, given the overall disarray in time period of sentiment, we are able to count on periodical volatility in exercise ranges to prevail. On the tanker facet, because it was fairly anticipated, momentum resumed on a powerful trajectory for yet one more week, ensuing to an additional agency movement of SnP offers showing available in the market. On the identical time, asset costs nonetheless maintain an upward momentum. All-in-all, as freight earnings proceed on a extra agency orbit, we are able to count on issues to gear up additional throughout the remaining a part of the yr”.
Equally, Banchero Costa added that “final week’s transactions within the 2nd Hand Market have been primarily targeted on tankers. Undisclosed Patrons bought the M/t Tema 311,620 dwt VLCC Blt 2005 Kawasaki at a value of USD 33.5 mln. Vsl is BWTS fitted. 3 Samsung Blt Aframaxes particularly Piper 114,000 dwt, Alba 113.000 dwt and Aristodimos 113,000 dwt Blt respectively 2005, 2005, 2006 have been offered at USD 30 mln, 32 mln, 32 mln.
All vsls are BWTS fitted and Scrubber fitted. Stena Managed to promote on an enbloc deal 3 x Panamax Tankers particularly Stena Provence, Primorsk, Efficiency 65,125 dwt all blt 2005 Brodosplit for USD 60 mln enbloc (USD 20 mln per unit). On bulkers, M/v ASL Grace 60,269 dwt Blt 2015 Onomichi has been reported offered at USD 27 mln, whereas 2 older Japanese Handymaxes Marv3el 48,893 dwt and Amber L 47,282 dwt Blt 2001 IHI and 200 Oshima have been reported offered at respectively USD 10.5 and 9.5 mln.”
Nikos Roussanoglou, Hellenic Delivery Information Worldwide