Hans Thaulow

The tanker S&P market continues to deliver eye-catching prices. A sale has raised eyebrows among brokers who report a non-eco suezmax selling for $90m — a price difficult to imagine only weeks ago.

On April 20, Splash reported that a 20-year-old VLCC had fetched $60.5m in a sale by Mitsui OSK Lines to Lila Global.

With only a few months in gas, Dubai-based SPM Shipping, a shipowner, operator and offshore player, has now added its third VLGC, according to sources.

Sales of vintage large LNG carriers remain brisk as the secondhand market keeps ageing LNG tonnage afloat after the Strait of Hormuz conflict

While tankers have dominated headlines in October, Chinese buyers are quietly putting money on the table for more capesize tonnage, emerging behind some of the dry bulk market's most eye-catching deals.

Broking sources are reporting the highest-priced capesize vessel transaction of 2026, with Greek owner Capital Axis Maritime reportedly in the process of selling a newbuilding for $90m.

German tanker owner and shipmanager Chemikalien Seetransport (CST), backed by the Krämer family, is continuing to reduce its exposure to ageing

Asset plays have been the name of the game in shipping circles in recent weeks, with a string of relatively new Middle Eastern players flipping tankers to Chinese buyers at eye-catching profits.

German outfit DS Tankers has sold the 15-year-old, Dalian-built VLCC DS Vision to undisclosed interests for $96m, well below VesselsValue's $161m valuation.

Lila Global is expanding its presence in the ageing LNG carrier market, adding a second steam-powered vessel to its fleet as the global LNG trade undergoes major disruption.