Had mentioned a couple of recent VLCC transactions, including a newly delivered VLCC resale at $200M. There are a bunch of 2nd hand resales equally impressive.
- Sinokor paying $140M for a 2011-built VLCC
- ADNOC paying $177M for a 2013-built (scrubber fitted) VLCC. As a reminder, FRO sold two newer, (2017-build VLCCs) in Aug 2026 for $135M per vessel. Same buyer - ADNOC
- 4 Suezmax sales. The Knutsen vessel – a shuttle tanker??
https://www.hellenicshippingnews.com/wp-content/uploads/2026/09/ADVANCED-MARKET-REPORT-WEEK-39.pdf
On the newbuild side, the container vessel ordering by Maersk and CMA CGM is quite surprising. Multiples of massive vessels means a significant capacity increase