With the northern hemisphere summer fading away, sales in secondhand vessels are finally seeing a moderate resurgence across most segments.
“On the dry bulk side, activity remained on a fair level considering the typical summer lull that dominates the market during August. The market fundamentals and the improved rates that have been seen lately have improved the investors’ sentiment, with most market participants already expecting a gear up in activity the upcoming weeks. At this point, most reported transactions involved units of more modern age, while we continue seeing a fair amount of interest also for vintage units,” Allied Shipbroking said in its weekly report.
Multiple shipbroking houses listed the sale of 2017-built 38,000 dwt handymax bulker Newchang, a sale reported by Splash earlier this week. Singapore owner Berge Bulk has acquired the Chinese-built vessel from compatriot company China Navigation for a price of $18.9m.
More than five shipbroking houses all reported a deal in which Greek owner British Bulkers has snapped up the 2013-built 28,000 dwt handymax bulker Bright Rainbow from Japanese owner Doun Kisen. The Japanese-built vessel has fetched a price of $12m.
Allied Shipbroking listed a deal in which Bermuda owner Nautical Bulk Holdings sold its 2012-built supramax bulker Nautical Aventurin to Chinese interests for a price of $13.6m.
Clarkson, Allied Shipbroking and Fearnleys reported the sale of the 2013-built panamax bulker Ocean Broaden. The Chinese-built vessel is said to have been sold by Minsheng Financial Leasing to Chinese interests for a price of $15.7m.
“On the tankers side, activity in the past two weeks was rather subdued. Given the absence of the massive en bloc deals that have nourished to a high degree lately the overall S&P activity, the current clampdown was rather anticipated. Notwithstanding, given that buying interest exists when the ‘right’ opportunity arises, we may well expect a fair volume of transactions taking place, especially after the typical summer slowdown is faded away,” Allied Shipbroking said in its latest report.
Lorentzen & Stemoco, Banchero Costa and Allied Shipbroking linked the sale of the 2006-built VLCC Gloric with Greek owner Embiricos, who bought the vessel from compatriot owner Nereus Shipping for $33.3m.
Multiple shipbroking houses reported that Japanese owner Lino Marine Service sold its 2013-built 105,405 dwt product tanker Glory Crescent. Banchero Costa has identified the buyer as Singapore company AG Shipping. The vessel has fetched a price of $24.5m.
The activities in the secondhand containership sale and purchase market remained muted over the past week.
In addition to Ship Finance International’s en bloc purchase of three mega containerships last week, shipbroking houses including Allied Shipbroking, Intermodal, Lorentzen & Stemoco reported a deal in which Belgian owner Delphis took over the 2010-built 4,178 teu panamax boxship Galicia D from German owner Peter Dohle for an undisclosed price.
With the holidays firmly over next week Weekly Broker is expecting a bumper report next Thursday.