Using Advanced Shipping & Trading this week.
- 13 dry bulk vessels sold
- 9 tanker vessels sold
- 3 container vessels sold
- Between 24 and 32 newbuild orders placed (lower number is firm)
Amongst the sellers are, SFL with two smaller dry bulk vessels sold enbloc, and TNK with a pair of vessels. With 8 Cape vessels exiting the SFL fleet via GOGL/CMBT option exercise, the company’s dry bulk exposure was significantly reduced. Two more vessels exiting - not that big a deal.
TNK?? I still don’t know the plan. Already sitting on a lot of cash, these two sales just add to the cash pile. The company has announced one addition in Q1 2025