In January 2026, Sinokor Merchant Marine of South Korea completed its‑largest‑ever second‑hand VLCC acquisition of the year. The company purchased 30 second‑hand VLCCs from ship‑owners across the globe at a total consideration of USD 2.64 billion, representing a transaction price of USD 88 million per vessel. This marks an 85 % year‑on‑year surge compared with the same period in 2024 and hits the highest level recorded since 2011arcticship.... All acquired vessels were built between 2010 and 2015, with···

In the fourth quarter of 2025, the global second‑hand Panamax bulk‑carrier market staged a notable recovery, with a total of 28 vessels changing hands, representing a 33 % quarter‑on‑quarter increase. The average transaction price per vessel rose by 12 %. One 76,000‑DWT Panamax bulk carrier built in 2013 was sold for USD 28 million, marking a 15 % price hike compared with the third quarter. This signals that the second‑hand bulk‑carrier market has emerged from its downturn.The recovery is primarily driv···