Wooyang Shipping from South Korea has placed an order for the construction of 4 bulk carriers with a capacity of 210,000 tons at New Times Shipyard. This order, valued at approximately $108 million for each ship, is scheduled for delivery in June 2029. These ships rely on 25-year financing with the Brazilian mining company Vale.
New Orders in the Bulk Carrier Sector
In addition to Wooyang Shipping, H-Line Shipping has also ordered 2 bulk carriers with a capacity of 210,000 tons at New Times Shipyard, with delivery planned for June 2030. These ships are also connected to long-term contracts with the Korean steel company POSCO and will feature dual-fuel LNG systems.
Developments in the Ship Buying and Selling Market
In a separate report from the ship market, Xclusiv announced that in the bulk carrier market, the Kamsarmax ship named “BW Japan,” equipped with a Scrubber system, was sold to Indian buyers for $38.25 million. Additionally, the ship “Osaka Star” was sold for $34 million and the Panamax ship “Sea Orion” for $11.5 million. In the Ultramax segment, the ship “Ocean Tianbao” was transferred to new buyers for $26.5 million.
In the VLCC (Very Large Crude Carrier) market, significant activities were observed this week. The ship “Pinios,” built in 2026 and equipped with a Scrubber system, was sold to Onex for $200 million. Furthermore, the ships “Kallista” and “Ashoka” were sold for $132 million and $130 million, respectively. Meanwhile, the ship “Nissos Heraclea” was sold for $111 million and the ship “Rain Cubic” for $90 million.
In the Suezmax segment, Trafigura purchased the ship “Seaways Sabine” for $75 million, and the ship “Stella” was sold for $80 million. Additionally, Greek buyers acquired the LR2 ship “Kos” for $95 million and the ship “Green Adventure” for $83 million.
Finally, in the MR2 segment, Besiktas purchased the ship “LVM Aaron” for $34.9 million, and the small ship “Puffin Two” was sold to Middle Eastern buyers for $4.5 million.
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