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.