In the week ending September 15, 2026, the market for cargo and tanker ships faced significant changes in fleet value. The value of Handysize ships in the older segment of this market increased, while Capesize, Panamax, Supramax, and the younger segment of Handysize remained stable.
Details of Ship Sales
The Capesize ship Erato (with a capacity of 180,100 DWT and built in February 2010) was sold to an anonymous buyer from South Korea for $36.75 million. The market value of this ship is estimated at $35.71 million.
The Panamax ship KM MT Jade (with a capacity of 81,200 DWT and built in October 2008) was also sold to an anonymous buyer from China for $16.0 million, with its value estimated at $15.69 million.
In the Ultramax segment, the ship IVS Dunes (with a capacity of 62,700 DWT and built in September 2020) was sold to an anonymous buyer from China for $36.8 million, and its value is reported at $36.34 million.
The Handysize ship Wooyang Cles (with a capacity of 39,200 DWT and built in July 2014) was also sold to anonymous buyers for $18.8 million, with its value estimated at $18.22 million.
Developments in the Tanker Market
In the tanker segment, the S&P value increased significantly, as demand for VLCC and Suezmax fleets is rapidly growing. This increase in demand is due to ongoing disruptions in the Strait of Hormuz and a new wave of buying activity from an active buyer in the Middle East.
The VLCC ship Ashoka (with a capacity of 302,600 DWT and built in March 2010) was sold to an anonymous buyer from the Middle East for $130.0 million. Its market value is estimated at $108.36 million.
The VLCC ship Norns (with a capacity of 310,000 DWT and built in October 2009) was sold to Onex DMCC for $112.0 million, with its value reported at $104.01 million.
The VLCC ship Nissos Heraclea (with a capacity of 313,500 DWT and built in May 2009) was also sold to Onex DMCC for $112.0 million, and its value is estimated at $106.26 million.
The VLCC ship Xi Xiu (with a capacity of 309,200 DWT and built in January 2003) was sold to Onex DMCC for $60.0 million, with its value reported at $61.94 million.
In the Suezmax segment, the ships Evridiki and Orpheas (both with a capacity of 167,300 DWT and built in 2007) were sold in a block to Onex DMCC for $68.0 million each. Their values are estimated at $55.39 million and $56.43 million, respectively.
The Suezmax ship Seaways Sabine (with a capacity of 158,500 DWT and built in July 2012) was sold to Trafigura for $78.0 million, with its value reported at $71.53 million.
The Aframax ship Green Adventure (with a capacity of 114,300 DWT and built in September 2022) was sold to Minerva Marine for $83.0 million, with its value estimated at $80.77 million.
The MR2 (Chemical/Product) ship Lvm Aaron (with a capacity of 50,900 DWT and built in May 2014) was sold to Besiktas Likid Tasimacilik for $35.5 million, with its value reported at $34.72 million.
Finally, the Sub Panamax Container ship Erasmus Ninja (with a capacity of 2,546 TEU and built in November 2007) was sold to MSC for $30.5 million, with its value estimated at $28.37 million.
