Shipping broker report ending 08/04/23

Will start with a slightly different topic

  • Container vessel sales: 9 vessels sold this week
  • Interesting item - appears to be a block sale of 4 Panamax vessels. Is it safe to guess these vessels belong to ZIM? The name and the block sale would suggest so. I do know ZIM purchased 7 - 10 vessels about 12-15 months ago. If so, are they monetizing here to hunker down and return to their asset light model?
  • 13 tanker sales, including Sinokor selling 3 modern VLCCs @ $64M - $65M each
  • 7 bulker sales, inlcluding older Cape Agamemnon transaction (IIRC, a former CPLP vessel)
  • Newbuilds on the bulker side - Old pal Economou on the mid-size vessel orders
  • Newbuilds on the tanker side - Magni Partners is Fredriksen’s old pal, Tor Olav Troim (TOT), jumping into the VLCC market
  • 16 tankers orders + 6 options, a fairly busy week.