Strong Momentum in the S&P Market Continues
By total
Published: 2024.10.17
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Demand for second hand ships, most notably bulkers, continued throughout the pastweek.   In its latest weekly report, shipbroker Banchero Costa said that "during the weekthe Nord Virgo 82,ooo dwt built 2014 JMU (Ss due 2029 ME Scrubber fitted) was soldat $26.1 mln, which is in line with the last sale, the Martha 82,000 dwt built 2014 Tadotsu at$26 mln a couple of weeks ago.   in the Panamax segment the Glory 76,ooo dwt built 2005Tsuneishi (SS/DD due Mar 2025 BwTS fitted) was reported at $11.1 mln, back in July theNavios Taurus 2005 lmabari built was done at $12 min. in the Supra segment the Leon Oekter s8,ooo dwt built2008 Tsuneishi Cebu (ss due 2028 BwTs fitted) was reported sold at $15.35 mln to Chinese buyers.

 

Greek buyers were behind the purchase of the Blue Dragon 38.ooo dwt built 2011 lmabari (SS/DD due Jan2025) at $15.2 mln, during the summer the Sea Smile 2012 Watanabe built was done at $17 min, in the tankermarket the PS Genova 108,000 dwt built 2010 Hudong (LR2 / dpp trader) was reported commited in excess of$40 mln to Turkish buyers. Few MRs changed hands during the week with the White Peach 53.000 dwt built2007 Guangzhou (ice class 1A BwTs ) was sold at $22 mln, the Alithini ll 49,ooo dwt built 2008 sTX( ss due2028 BWTS fitted) was done at $27 mln to UAE buvers and the Butterfly 46,ooo dwt built 2004 STX(SS/DDpassed this year) was sold at $18 mln to Hong Kong buyers".

 

In a separate report, shipbroker Xclusiv added that "on the Capesize sector, the "sG Express"- 18oK/200g Dalianwas sold for UsD 27 mils, while the 4-year-older "Lila Cochin" - 174K/2005 sws was sold for UsD 18 mils toChinese buyers. Moving down the sizes, Greek buyers acquired the Post-Panamax "Lowlands Energy" -96K/2013 lmabari for UsD 23 mils. The Electronic M/E Kamsarmax "Nord Pluto"- 82K/2014 was sold for UsD 24mils to Greek buyers, while the Electronic M/E and Scrubber fitted "Nord Virgo” - 81K/2014 JMU found newowners for USD 26 mills. Moreover, on the same sector, German buyers acquired the "Bulk Portugal” - 82K/2012[suneishi for UsD 22.5 mills basis 5-year BBHP. On the Ultramax sector, the "Theresa Pride” - 63K/2021 Oshimawas sold for 39 mils to Middle eastern buyers. 2x Supramax vessels, the "Lascombes" - 57K/2011 Qingshan andthe "Gruaud Larose" - 57K/2011 Qingshan found new owners for USD 12.8 each. Finally, the lce Class 1CHandysize "Kujawy"- 39K/2005 Tianjin Xingang was sold for a shade below UsD 8 mills".

 

Meanwhile, "on the VLcc sector, the "Gesi" - 306K/2007 Daewoo was sold for UsD 43.25 mills. On the MR2sector, italian buyers have exercised their purchase option on the "High Navigator" - 5oK/2018 JMU for UsD34.4 mills, while the "Butterly" - 46K/2004 $TX was sold for UsD 18 mills to chinese buyers. Shell linternationalfinalized an agreement with Guangzhou Shipyard for 10 x 5o,ooo dwt MR2 (scrubber fitted). The price wasreported at $48 mln per vessel, with deliveries scheduled between December 2o27 and 2o30. The Chinesegiant Evergreen placed an order for 8 x 16,ooo teu at lmabari. The Japanese yard can offer earlier deliveriescompared to the already congested chinese and Korean yards, deliveries are set between April 2027 and April2028" Xclusiy concluded.

Source: Hellenic Shipping News Worldwide

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