In the week ending October 20, 2026, the value of cargo ships remained generally stable, although Capesize ships experienced a slight decline due to reduced revenues. The Capesize ship Pan Advance, with a capacity of 179,200 DWT and built in September 2009, was sold to Greek buyers for $37 million. This transaction reflects strong demand for available cargo ships.
Analysis of Cargo Ship Status
The Panamax ship Wei He, with a capacity of 79,400 DWT and built in June 2012, was sold for $16.5 million to Cinda Financial Leasing. Additionally, the Ultramax Bulk Guatemala, with a capacity of 61,400 DWT and built in May 2013, was sold to Lianson Fleet Group Berhad for $23 million. For Supramax ships, Jin Xing with a capacity of 55,500 DWT and built in July 2007 was sold for $14.6 million, and Shenli with a capacity of 56,000 DWT and built in September 2004 was sold for $9.8 million to Chinese buyers.
In the Handysize sector, the ship Marem with a capacity of 34,100 DWT was sold for $13 million, and the ship ZBB Serenity with a capacity of 37,300 DWT was sold for $12 million to Turkish buyers.
Increase in Tanker Prices
Meanwhile, tanker prices increased due to limited VLCC supply and buyers' preference for Suezmaxes as a lower investment option. The VLCC Eurospirit, with a capacity of 320,100 DWT and built in December 2011, was sold for $153 million to Middle Eastern buyers. Additionally, the VLCC Southern Emperor with a capacity of 297,400 DWT and built in November 2004 was sold for $110 million to Minsheng Financial Leasing.
Suezmax ships also experienced significant transactions due to high demand. The Suezmax Achilleas with a capacity of 158,400 DWT and built in June 2010 was sold for $98 million, and the Suezmax Maran Poseidon with a capacity of 158,300 DWT and built in January 2010 was sold for $98.5 million.
Finally, the Aframax Hydra with a capacity of 105,700 DWT and built in September 2004 was sold for $51.5 million. Additionally, the MR2 Valle Azzurra with a capacity of 50,700 DWT and built in December 2007 was sold for $20 million to West African buyers.
In the container ship sector, values remained generally stable, and the Handysize Nordmaas with a capacity of 1,800 TEU and built in October 2019 was sold for $35 million to MPC Container Ships.
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