Investment activity has persisted in the shipping markets, despite the ongoing uncertainty. It its latest weekly report, shipbroker Banchero Costa said that in the newbuilding market, “in the bulk sector, Chinese yard New Dayang Shipbuilding secured an order for 6 x 63,050 dwt bulk carrier (Crown 63 Plus design) from Turkish owner Ciner Shipping. The price for each vessel is $ 34 mln. and delivery for all of them is September 2027. In the tanker sector, UAE-based Gulf Energy Marine booked 6 x 50,000 dwt MR2 product carriers for $ 50 mln. each. Delivery is in January 2029 for all the vessels. China’s Yantai CIMC Raffles secured an order for 4 x 319,000 dwt crude oil carrier from Norway’s Bruton. Price is $124.75 mln. and delivery is estimated in January 2028. In the container sector, China’s Fujian Mawei Shipbuilding firmed an order for 4 x 2,900 teu feeder ships from Taiwan’s TS Line. Cost is $42.15 mln per vessel for Asia Pacific trades, all with deliveries December 2019”.

Source: Banchero Costa

Meanwhile, in the S&P market, shipbroker Xclusiv said that “on the Capesize sector, Greek buyers acquired the “FRONTIER GARLAND” – 181K/2011 Imabari for low/mid USD 36 mills. Moving down the sizes, on the Kamsarmax sector, the “TALIMEN” – 81K/2016 Jiangsu Jinling was sold for high USD 25 mills. On the Handysize sector, the logs fitted “AFRICAN WEAVER” – 34K/2016 Namura was…