Since I am following the shipping segment, I opted to move this subject over here. Rather than a new thread for each week, I will keep the developments in this one thread.
Ending 02/13 or 02/14 (Friday the 13th or Valentine’s Day)
From Advanced Shipping & Trading.
- The related items that stood out are two VLCC orders from Greek owners - Dynacom ordering 12 vessels and Capital Mgmt ordering 11 vessels. A separate Mercuria order of 2 VLCCs means this week sees 25 VLCC orders. [Edit: For perspective, a somewhat avg year 35 - 40 VLCC deliveries, a busy year over 50 VLCC deliveries]
- On the 2nd hand market side, another group of VLCCs sold to Sinokor for nice premiums.
- Also in 2nd hand tanker market - HAFN (2 LR1s), a Suezmax by Maran, and a TRMD MR2.
ADVANCED-MARKET-REPORT-WEEK-7.pdf
3 Likes
02/13 A different broker, Affinity, for the spot rate data
All clean tanker routes - Profitable, but weaker
All dirty tanker routes - Profitable, some very profitable and stronger
Affinity-Tanker-Weekly-13.02.2026-HSN.pdf
Week ending 02/20
As suggested in a different thread, the Sinokor effort has strong backing from another entity, and could thus be poised to keep growing. The first 11 VLCCs listed are the former Dynacom tankers. There’s a 12th VLCC on the list, buyer not revealed at this time. A couple of other transactions of note. Thenamaris acquiring two Suezmax vessels for $176M. Current market spot rates are supportive of the price. But, will the rate remain high for an extended period to cover the purchase? A pair of HAFN tanker sales and a NAT vessel sale. A mix of vessels sold on the dry bulk side. Not much of note there. On the newbuild side, 4 VLCC orders from Navios, 9 Suezmax from Dynacom, and a pair of LR2/Aframax from STNG. Maersk also active with 8 very large container vessels.
ADVANCED-MARKET-REPORT-WEEK-8.pdf
03/08
I really wanted to see what the rates look like for the various major routes. But, the data from my two primary sources is unavailable. Still, Advanced Shipping & Trading have the transactional side. And there are a fair number of them
- 24 Bulker sales
- 18 Tanker sales
- 3 Container vessel sales
- Across the shipping spectrum, 25 firm orders + 4 options
ADVANCED-MARKET-REPORT-WEEK-10.pdf
GNK selling two Supramax vessels in somewhat interesting. Mentioned elsewhere is that DSX and/or SBLK are interested in acquiring some or all of GNK’s fleet. On the newbuild side, Performance Shipping (PSHG) ordering two Suezmax (each from a different yard) is noteworthy. A predecessor entity to PSHG is a spin-off from DSX. The four gas newbuilds are somewhat interesting - larger than the typical (170K - 174K) but smaller than the Qatar LNG (250K) vessels. The latter had challenges at ports, so could serve fewer ports.
03/27 Have not posted to this thread in a couple of weeks. This week
- 9 Bulker sales
- 8 tanker sales
- 1 gas tanker sale
I guess a new development - Sinokor venturing into the Suezmax space. Besides the older VLCC, Sinokor have added 4 Suezmax vessels to their fleet. Speaking of Sinokor, it appears older entities involved with shipping are not ignoring the challenge. As noted in the newbuild ordering. As mentioned in another thread, Tor Olav Troim (TOT) is bumping up the size of his VLCC entry, Bruton. There also 3 new orders from Maran. And, of course, Seatankers, is the private side of Fredriksen’s interests, and they have a 2 + 2 order.