Hans Thaulow

ADNOC Logistics & Services has taken its recent bulker buying spree to four ships, committing just under $74m to secondhand tonnage over the past few months, according to sales register data from VesselsValue.

Low-profile Greek interests are set to pocket nearly $7m in profit from the sale of a six-year-old ultramax bulker to Bangladesh's Meghna Group, in what appears to be one of the more profitable dry bulk asset plays of the year.

The 4,310 ceu Chang Sheng Hong was sold at auction on Tuesday for around $42m, according to sources, an exceptionally high price for a 26-year-old midsize PCTC.

India’s Adani Shipping has started pruning its capesize fleet, selling the 2012-built Aashna to Chinese buyers for approximately $37.5m. Brokers had initially circulated the 179,500-dwt Aashna and its sistership Aanya as an en-bloc transaction worth around $75m. However, Splash understands that only the sale of Aashna has been completed, with Aanya remaining on the market. …

Buyers are refusing to go on summer holidays in the dry cargo sale and purchase market, with ultramaxes emerging as the standout assets as buyers chase modern Japanese-built tonnage.

Greek owner Velos Tankers has reportedly sold the 2008-built aframax Velos Emerald for $50m. Numerous brokers report a striking return on a ship acquired five years ago for about $17m from Mitsui OSK Lines (MOL).

Tanker asset values remain red hot as sale and purchase activity accelerates heading into August.

Eyal Ofer's Zodiac Maritime has completed its first capesize disposal of the year, with brokers telling Splash the company has secured a record price for a vintage vessel.

What appears to be a record-sized Russian convoy is pushing east along the Northern Sea Route (NSR), far beyond the reach of Ukrainian drone attacks.

Japanese owners continue to cash in as buyer appetite for quality Japanese-built tonnage pushes values higher.