Secondhand activity stayed firm across tankers and dry bulk this week, while a busy newbuilding slate and a quiet pre-monsoon recycling market framed the rest of the picture.
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Secondhand activity narrowed toward the handysize and small tanker segments through the week, while owners kept signing tanker and gas newbuilding contracts at pace and recyclers competed for a thin supply of candidates.
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The secondhand and demolition markets were active in Week 22, with a high volume of dry bulk sales offsetting a softer tanker freight backdrop and quiet recycling yards amid Eid holidays.
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Week 21 produced one of the busier S&P slates of the year: forty named sales across dry bulk and tanker, four Handysize newbuilds en bloc to Norden, a Suezmax resale pair to Teekay, and a quartet of CS-series MR resales sold en bloc with charters attached.
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S&P activity ran heavy across both wet and dry markets, with modern resale tonnage finding ready buyers and Norden absorbing four 2024-built JNS Handymax resales en bloc.
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Suezmax and LR2 values firmed on the back of continued disruption to Middle Eastern trade flows, while dry bulk S&P activity was broad-based across all size classes and demolition markets held steady with thin reported volume.
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