# Shipping broker report ending 07/21/23

**URL:** <https://discussion.fool.com/t/shipping-broker-report-ending-07-21-23/94738>\
**Category:** Shipping News\
**Created:** [July 25, 2023, 4:15am UTC](https://discussion.fool.com/t/shipping-broker-report-ending-07-21-23/94738 "2023-07-25T04:15:55Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![HohumYNWA](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/hohumynwa/32/1511_2.png) [@HohumYNWA](https://discussion.fool.com/u/HohumYNWA)\
**Post date:** [July 25, 2023, 4:15am UTC](https://discussion.fool.com/t/shipping-broker-report-ending-07-21-23/94738/1 "2023-07-25T04:15:55Z")

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Shipping broker Advanced Shipping & Trading seems to bouncing around on their reporting day - sometimes Friday, sometimes Monday.

- Busy week for bulker activity. 16 vessel sold, including a block sale of 5 Cape vessels to Danaos Capital (DAC)
- From Page 1, it seems the prior owner encountered financial issues as DAC acquired the 5 vessels from a leasing bank.
- Good deal for DAC? Hazy outlook in current market, and a negative if the vessels don’t have scrubbers
- 5 tankers sold (2 VLCCs, 3 MRs).
- Focusing on the larger tankers, each owner seemed to have done well (FRO sold a 2010 South Korean built tanker a few months back at a similar price point). Older VLCC is 20-yo vessel with limited transport prospects.
- MSC still acquiring second-hand container vessels
- Active newbuild market - about 30 vessels spread across sector and size

[ADVANCED-MARKET-REPORT-WEEK-29.pdf (hellenicshippingnews.com)](https://www.hellenicshippingnews.com/wp-content/uploads/2023/07/ADVANCED-MARKET-REPORT-WEEK-29.pdf)