Greek newbuilding investment remained firm in June, with activity led by tankers ahead of containers and dry bulk, while secondhand activity stayed more limited and dry bulk weighted.
Greek linked newbuilding activity reached 47 firm vessels, rising to 54 units including declared options, while secondhand activity totalled 11 vessels. Tankers accounted for 21 firm orders, increasing to 24 including options, followed by containers with 14 firm orders and dry bulk with 12 firm orders.
Newbuilding contracting was placed almost entirely at Chinese yards, with 44 of the 47 firm orders awarded in China and the remaining three in South Korea. Delivery schedules are concentrated in 2028 and 2029, pointing to forward capacity planning, while secondhand buying focused on dry bulk and LR1 product tankers and selling was mainly in older dry bulk units.
Capesize average earnings were $37,200/day, with the BCI at 4,100 up 13% w o w. Panamax average earnings were $19,800/day, with the BPI at 2,203 up 4% w o w. Supramax average earnings were $21,200/day, with the BSI at 1,673 up 0.2% w o w. Handysize average earnings were $17,000/day, with the BHSI at 942 down 0.3% w o w.
Capesize South Brazil and West Africa to China firmed, with C3 assessed at $30.12/ton and a 181,000 dwt fixed Tubarao to Qingdao at $28.50/ton.
Panamax was supported by tight prompt tonnage in the North Continent and West Mediterranean and ECSA demand, with an 82,000 dwt fixed for a grains transatlantic voyage at $22,750/day.
Supramax gained in East Coast South America and held support in the US Gulf, with a 65,000 dwt fixed Recalada to the Continent at $33,000/day.
Handysize remained supported by the US Gulf, with a 38,000 dwt fixed SW Pass to East Coast Mexico at $20,000/day.
Capesize improved as major miners returned, with C5 assessed at $12.25/ton and a 180,000 dwt fixed Port Hedland to Qingdao at $11.60/ton.
Panamax strengthened on improving Australia and North Pacific demand and tighter available tonnage, with a 76,000 dwt fixed East Coast Australia to China at $15,500/day.
Supramax stayed under pressure for most of the week as Southeast Asia weakened on lower Indonesian coal demand and growing vessel availability.
Handysize softened slightly on slower trading and thinner cargo volumes, with a 40,000 dwt fixed Busan to Southeast Asia at $17,500/day.
VLCC fell on weaker Atlantic routes, with TD15 West Africa to China at $125,300/day and TD22 US Gulf to China at $117,200/day.
Suezmax firmed, with TD20 West Africa to UK Continent at $116,700/day and TD27 Guyana to UK Continent at $119,300/day, supported by a tightening list and firm owner sentiment.
Aframax corrected in the US Gulf, with TD25 US Gulf to Continent at $32,200/day and TD26 East Coast Mexico to US Gulf at $35,300/day, while TD19 cross Med rose to $34,700/day.
LR weakened, with TC20 ME Gulf to UK Continent at $103,000/day.
MR improved, with TC21 US Gulf to Caribs at $49,200/day and TC2 Continent to US Atlantic Coast at $4,800/day.
VLCC ME Gulf to China rose, with TD3C at $290,900/day, while TD34 Gulf of Oman to China was assessed at WS 160, equivalent to $29.78/ton.
Suezmax East of Suez sentiment remained muted, with AG activity dominated by VLCCs.
LR corrected sharply, with TC1 ME Gulf to Japan at $93,500/day and TC5 ME Gulf to Japan at $61,200/day.
MR strengthened in the Far East, with TC7 Singapore to East Coast Australia at $31,800/day.
Over the past twelve months, Greece led secondhand selling with 313 vessels across sectors, versus 165 sales by Chinese sellers.
Greek sales were led by 162 dry bulk and 115 tankers, plus 22 containers and 9 gas carriers, while Chinese sales comprised 113 dry bulk, 33 tankers, 9 containers and 5 gas carriers.
On the buying side, Greece recorded 223 purchases and China followed with 207, with Greek buying led by 118 dry bulk and 80 tankers, while Chinese buying was led by 160 dry bulk and 34 tankers.
This post provides a high-level view of Greek owners’ June investment appetite, newbuilding momentum, and current freight market performance.
The full Allied QuantumSea Weekly Market Report – Week 27 includes:
· In-depth analysis of Greek newbuilding activity across tanker, container and dry bulk segments
· Yard placement trends, delivery schedules and forward capacity planning
· Secondhand buying and selling patterns across dry bulk and tanker assets
· Detailed dry bulk and tanker earnings tables across all vessel classes
· Atlantic & Pacific route-level freight analysis with fixture benchmarks
· Baltic indices, TCE calculations & historical trend comparisons
· Secondhand S&P transactions, buyer–seller positioning & asset value trends
· Recycling activity and scrap pricing indicators
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