From shipping broker Advanced Shipping & Trading
- 15 bulker sales
- 14 tanker sales (including 4 VLCCs to Sinokor)
- 2 container vessel sales
- Newbuilds 15 firm + 12 options (across the shipping spectrum)
I have no idea what the Sinokor plan entails. Many of the VLCCs purchased are between 14 and 16 years old. Some slightly older. Not entirely sure on the gameplan for those vessels. The longevity as a sailing vessel and their port options begin to diminish after their third dry dock (15 years). For the one VLCC, $68M is a major premium for a 15 - 16 year vessel
Aframax rates across many routes (Mexico - US, Cross Mediterranean, etc) had major bounces during the week.