The market for second hand ships has been expanding so far this year, with more deals being reported. In its latest weekly report, shipbroker Banchero Costa said that “in the dry bulk segment, SENTOSA CHALLENGER 81,600 dwt 2020 Imabari built (SS and DD due Apr 2025) and SENTOSA SPIRIT 81,911 dwt 2020 Tsuneishi Zosen were sold to Eurobulk at $32 mln each to undisclosed interest. The Ultramax SAGAR KANTA 60,835 dwt 2013 Oshima built (SS due Mar 2028, DD due Jun 2026) was reported sold to Indonesian interest at $19 mln. For comparison, in august 2024 DOLCE VITA 61,616 dwt 2012 Oshima was sold at the price of $23.5 mln. In the Supramax segment, RIVER GLOBE 53,627 dwt 2007 Yangzhou built (SS due Aug 2027, DD due Aug 2025) was reported sold to undisclosed interest for $8.50 mln.

Source: Banchero Costa

The Handysize vessel KEN STAR 38,204 dwt 2012 Imabari built (SS and DD due Dec 2025) was reported sold at $13.50 mln to undisclosed interest. In the tanker segment, the VLCC LOGGAM 299,996 dwt 2003 Samsung (SS due Jan 2028, DD due Apr 2026) was reported sold to undisclosed interest at $31 mln. 4 x Aframax sister DILONG SPIRIT, JIAOLONG SPIRIT, SHENLONG SPIRIT and TIANLONG…