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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Multiple fleet disposals drove elevated tanker transaction volumes in week 18, with LR2 and Aframax tonnage trading above benchmark, while dry bulk secondhand pricing remained under pressure across most size classes.
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Tanker secondhand values posted the strongest year-on-year gains in week 17, while dry bulk asset prices continued to appreciate across all size classes and demolition rates held steady at all destinations.
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Two Newcastlemax bulk carriers sold en bloc at excess $90 million each in Week 16, while tanker secondhand activity was led by a VLCC sale at approximately $59 million and four LR1 transactions, and Indian Subcontinent demolition prices firmed further with Bangladesh approaching $500 per ldt ahea...
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A scrubber-fitted Suezmax and a series of MR transactions headlined tanker secondhand activity in Week 15, while dry bulk values held flat across all size classes and demolition prices firmed in Bangladesh ahead of the pre-monsoon season.
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Suezmax and LR1 sales headlined tanker secondhand activity in Week 14, while Capesize and Handysize dry bulk values edged higher week on week and demolition prices across the Indian Subcontinent firmed as Bangladeshi yards returned from the Eid holiday period.
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Sinokor’s bloc purchase of four Suezmaxes at $82 million each and a scrubber-fitted VLCC at $78.4 million headlined a busy week for tanker secondhand activity, while dry bulk transacted steadily across multiple size classes and Indian Subcontinent demolition prices held firm.
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The secondhand vessel market recorded steady transaction flow across both dry bulk and tanker segments in Week 12, with price momentum holding firm in the larger bulker classes and continued demand for modern tanker tonnage from Asian shipowners.
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The escalating conflict in the Arabian Gulf and effective closure of the Strait of Hormuz created structural disruptions across tanker logistics, while dry bulk markets showed relative resilience despite subdued freight conditions.
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Tanker secondhand values moved sharply higher in Week 10 as buyer demand across all wet segments intensified, while dry bulk transaction volumes remained substantial across every size category and demolition pricing held steady in South Asian yards.
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The shipping markets experienced extraordinary volatility in Week 09, with crude tanker values reaching levels unseen since 2020 and dry bulk activity demonstrating broad strength across all vessel sizes. Geopolitical tensions, structural supply constraints and the migration of restricted tonnage...
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The secondhand market accelerated through early February, with dry bulk activity outpacing the prior year by a substantial margin, while tanker transactions continued at firm levels supported by steady inquiry and tight vessel availability. Across all segments, buyers demonstrated confidence in f...
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The secondhand market in Week 7 reflected strengthening fundamentals across both tanker and dry bulk sectors, with freight momentum driving asset prices to cycle highs and limited modern tonnage availability intensifying competition for eco-efficient vessels.
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The secondhand markets remained steady through week six, with sustained interest across tanker and dry bulk sectors reflecting balanced supply-demand conditions. Newbuilding deliveries continued at elevated levels, while selective tonnage continued to find new owners at stable pricing throughout ...
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Secondhand tanker values surged to multi-year highs in Week 05 as geopolitical drivers and extended trade routes locked in earnings momentum, while dry bulk S&P activity exploded to a five-year peak despite already elevated price levels.
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Week 04 demonstrated measured activity across both tanker and dry bulk secondhand and newbuilding markets, with demolition demand providing steady support for older vessels across multiple Asian recycling centers. Transaction volumes remained consistent with historical patterns for the period, re...
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Tanker sales accelerated in week 3, with major portfolio acquisitions alongside individual vessel transactions, while dry bulk activity broadened across all sizes and newbuilding orders continued at established price levels.
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The opening week of 2026 delivered mixed momentum across secondhand markets, with tanker activity dominated by large enbloc deals while dry bulk showed selective transactional activity across multiple size segments. Geopolitical shifts in Venezuela sparked renewed interest in compliant mainstream...
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Second-hand values held steady through the opening week as markets absorbed geopolitical uncertainty and reshaped trading patterns, while newbuilding activity remained muted and demolition demand picked up sharply across recycling centres worldwide.
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