In the first week of October 2026, the bulk carrier and tanker market faced stable valuations. According to reports, the value of bulk carriers was generally stable, with only minor adjustments observed in certain categories such as young Supramax and Panamax. In contrast, second-hand ships were well received, and their supply was limited.
Developments in the Bulk Carrier Market
The Kamsarmax bulk carrier Kirribilli, with a capacity of 82,200 tons (built in 2011), was sold to buyers in the Middle East for $22.75 million. The estimated value of this ship was $21.7 million. Additionally, the Kamsarmax World Diana, with a capacity of 81,200 tons (built in 2020), was sold to Greek buyers for $41 million, with an estimated value of $42.1 million.
Read more: The International Energy Agency reported an increase in diesel prices in Europe
In the Supramax category, the ship YC Aequor, with a capacity of 57,000 tons (built in 2012), was sold for $13.8 million, with an estimated value of $15.6 million. The SSI Avenger, with a capacity of 52,900 tons (built in 2004), was sold to Chinese buyers for $10 million, with an estimated value of $10.6 million.
Growth in Tanker Values
Additionally, tanker values have increased this week. The VLCC Vieira, with a capacity of 307,000 tons (built in September 2002), was sold by the Viera group for $75 million, with an estimated value of $85.29 million. The Suezmax Nicolaos, with a capacity of 164,800 tons (built in January 2010), was also sold for $90.8 million, with an estimated value of $90.66 million.
Other Suezmax tankers included Tataki (150,000 tons, built in January 2010) sold for $97 million and Tianlong (159,000 tons, built in January 2009) sold for $88 million. The Suezmax LXH, with a capacity of 151,200 tons (built in April 2004), was sold for $61.5 million.
MR2 tankers also performed well in the market. The Aurea Glory, with a capacity of 48,700 tons (built in May 2006), was sold for $17.5 million, with an estimated value of $16.07 million.
Given the strong demand and limited supply, the second-hand ship market remains in a positive state. New ships are also facing delivery times extending to 2029 and 2030, which impacts prices in the market.
Read more: SFL Corporation won the lawsuit against Seadrill · Introduction of the new Thun Resilience ship in the R-Class program
