Ship Owners Are Snapping up Bulkers in the Newbuilding Market

In a similar note, shipbroker Banchero Costa said that “in the tanker market, Hyundai Samho received an order for 2+1 VLCC at $61 million each, two already ordered.

In the dry market, Japanese owner Nisshin Kaiun placed an order at Jiangsu Hantong for 5+5 optional Kamsarmaxes with delivery beginning in June 2022 and a price of $27 million each”.

Meanwhile, in the S&P market, Allied Shipbroking said that “on the dry bulk side, things moved on a “quieter” mode during the past week, with overall activity being kept at relatively modest levels .

Despite the general uninspiring trajectory in freight earnings, the SnP market is currently moving on different track, especially when given the upward pressure in asset price levels as of late.

Xiao May, CL Peking, CL Geneva, blt 2021, and Ning May 85,000 dwt blt 2020 Chengxi were reported to have sold en bloc for $28.5 million each.

Oriental Angel 60,000 dwt blt 2012 Hyundai and K Spinel blt 2011 were sold for $14.9 million basis dely Dec 2021 – Jan 2022 and $14.5 million basis ppt dely, respectively.

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