Chinese dry bulk owner, Jinhui Shipping and Transportation, has sold the 2002-built Supramax bulker Jin Ping for $5.5m.

The vessel was sold to Xinfeng HK Shipping, a subsidiary of Chinese owner Xiamen Xinfeng Shipping, with delivery scheduled for before February 5, 2021. The sale price is slightly higher than the $5.1m valuation placed on the ship by VesselsValue.

Jinhui currently owns a fleet of two post-Panamax bulkers and 17 Supramaxes, while Xinfeng owns four smaller vessels in and around 8,000 DWT.

S’hail Shipping has placed the sixth vessel into MaruKlav’s Baumarine Pool, adding the 2007-built Panamax bulker S’hail Lusail which it recently acquired from MOL.

The bulker addition grows the pool, managed by Klaveness and Marubeni, to 33 vessels.

S’hail first joined the pool in 2017 with their first Panamax bulker.

Monaco’s Scorpio Bulkers has entered into an agreement to sell the 2016-built Ultramax bulker SBI Tethys for around $18.25m.

Delivery is scheduled for the first quarter of 2021, and the sale price is roughly in line with the $18m valuation placed on the bulker by VesselsValue. The identity of the buyer was not revealed.

Since announcing plans to move into the offshore wind sector in August, Scorpio has sold 21 bulkers and is down to a fleet of just 28 owned vessels.

Swiss-headquartered containerline Mediterranean Shipping Company (MSC) continues to build its fleet at a rapid pace according to the latest Shipping Intelligence Weekly by Clarksons Research.

Clarksons is reporting that MSC has snapped up the 2006-built 2,732 TEU boxship pair Telemann and Bomar Spring from Borealis Maritime, paying a total of $15m. VesselsValue places a market value of around $14.5m on the pair.

MSC has been particularly active in the secondhand market of late. According to Alphaliner, not including this latest deal, the company has bought 16 ships worth more than $260m in the last four months.

Analysts Sea-Intelligence suggested in a report last month that MSC might soon overtake its 2M partner Maersk as the world’s largest carrier.

Siem Offshore’s Secunda Canada has sold the 1998-built anchor handling tug supply vessel Venture Sea.

Deliver to the new owner is scheduled to take place during this month, and the agreement Siem says was at market terms. According to VesselsValue, the ship has a market and scrap value of around $880,000.

Greek dry bulk owner Atlantic Bulk Carriers has sold its last Panamax bulker according to brokers.

Both Allied and Intermodal are reporting that Atlantic has sold the 2001-built geared Panamax bulker Ocean Eagle to Vietnam’s Hoanh Son Group for $7.1m. The price is significantly higher than the market value of $5.76m placed on the ship by VesselsValue.

The sale completes a clear out of Panamaxes for Atlantic, who sold the 2001-built Atlantic Eagle to the same buyer for $7.5m in August. It also sold the 2002-built Desert Eagle to Vietnam’s Nhat Viet Transportation for $8.3m in February.

If this latest sale is confirmed, Atlantic Bulk Carriers will be left with a fleet of 19 bulkers made up of seven Ultramaxes and 12 Supramaxes. It also has two Ultramaxes under construction and set to deliver next year from Hyundai Vinashin.

Meanwhile, Hoanh Son Group grows its fleet to three bulkers. Its first acquisition was the Atlantic Eagle in August, and the company has also just taken delivery of 2000-built post-Panamax Corona Garland from K Line. The vessels have been renamed Hoanh Son Star and Hoanh Son Sun.

The Lugano-based shipping company Nova Marine Carriers, controlled by the Italian families Romeo, Bolfo and Gozzi, has announced the purchase of a 2016-built handysize bulk carrier which it has renamed Sider Supreme.

The vessel is the Supreme Star, sold by Japan’s MC Shipping, part of Mitsubishi Corporation. The price paid was not disclosed but according to Vesselsvalue.com the value of the former Supreme Star should be around $15m.

Nova Marine Carriers also confirmed that another handysize bulk carrier acquisition, the 2013-built Sider Olympia (ex Glorious Kamagari), also entering into the company’s fleet for a price of $12.8m.

Monaco’s Scorpio Bulkers has announced another sale, this time for the 2015-built ultramax bulker SBI Gemini.

The Chinese-built bulker, originally acquired from John Fredriksen’s Golden Ocean Group, was sold for a price of $16m. VesselsValue places a market value of $15.26m on the bulker.

Delivery is scheduled for the first quarter of 2021, and the sale comes a couple of days after Scorpio sold four ultramaxes to Hong Kong’s Pacific Basin.

Since announcing plans to move into the offshore wind sector in August, Scorpio has sold 18 bulkers and is down to a fleet of just 31 vessels.

Dubai-based Global Feeder Shipping (GFS) has announced the acquisition of 2003-built 2,681 TEU boxship Maximos A.

The vessel was acquired from Turkish owner Arkas, and has been delivered into the Sima Marine fleet and renamed SM Kaveri. No price was given, while VesselsValue places a market value on the ship of $4.7m.

GFS says the vessel will be phased into its CCG (Colombo – Cochin – Gulf) service and then merge into the India West Coast service route.

Earlier in the month, GFS announced the acquisition of 2002-built 2,764 TEU boxship Electra A (renamed SM Mahi), also from Arkas.

GFS has taken delivery of five vessels over the past two months, and plans further expansion. The company took over the liner operations of Dubai-based Simatech in 2018 and mainly provides services in the Middle East Gulf and between the Middle East and the Indian sub-continent.

The secondhand bulk sale and purchase saw a fruitful week with a large number of ships changing hands with almost all dry bulk segments showing an improvement in rates and shipowners feeling dry bulk has finally bottomed out.

“The good momentum and buying appetite now seems ‘abundant’ in the SNP market for the time being, especially when given the slight support coming from the side of earnings. Interest for dry units lacks any given direction, given the considerable number of units changing hands across all different size segments and age groups. All-in-all, as we are just few weeks away from the year’s close, we can expect this robust volume to be sustained in the near term,” Allied Shipbroking said in a recent report.

Lorentzen & Stemoco, Advanced Shipping & Trading, Intermodal and Anchor Shipbroking all listed the sale of the 2006-built 206,000 DWT Capesize bulker Sen Oku. The Japanese-built vessel was sold by Japanese owner Shunzan Kaiun to Chinese buyers for $15m.

Lion Shipbroking, Intermodal and Lorentzen & Stemoco all identified Greek owner New Port Shipping as the buyer of the 2011-built 82,200 DWT Kamsarmax bulker Bacco. Belgian owner Basile Aloy-led Ebe sold the vessel for $15.4m.

Both Intermodal and Lorentzen & Stemoco reported that Japan’s Mitsubishi Corporation sold its 2013-built 82,100 DWT Panamax bulker Leda to Greek owner Stavros Memetis-controlled Bulkseas Marine. The Japanese-built vessel has fetched a price of $16.9m.

The tanker S&P market witnessed another week of sluggish performance, attuned with the uninspiring freight market and the situation is expected to last for the rest of the year.

Multiple shipbroking houses reported Japanese owner Mitsui OSK Lines (MOL) sold its 2003-built 300,700 DWT VLCC Selene Trader for a price of around $23.5m while Intermodal identified the buyer as Indonesian owner Soechi Lines.

Advanced Shipping & Trading, Allied Shipbroking and Lorentzen & Stemoco all listed the sale of the 2000-built 153,000 DWT Suezmax tanker SRI Vishnu. The South Korean built vessel was sold to Chinese buyers for $11.5m.

The secondhand containership market continues to see plenty of concluded deals alongside another week of improvement in the chartering market.

Containerline MSC continues its buying spree with the acquisition of the 2007-built 3,091 TEU Castor N from Navios Maritime Partners, according to Braemar ACM Shipbroking report. The Polish-built vessel was sold for $9m.

Intermodal, Lorentzen & Stemoco and Allied Shipbroking all reported that Uni-Asia Holdings sold its 2007-built 3,450 TEU Uni Florida to UAE-based Simatech Shipping for $10m.