S&P and Newbuilding Weekly 29.05.26

The tanker newbuilding market is experiencing strong activity, with reported orders for VLCCs and increased demand for MR tankers amid heightened geopolitical tensions in the Gulf region. May has recorded the largest monthly decline in oil prices in six years, yet prospects for a ceasefire in the Middle East could stimulate further tanker earnings, particularly with anticipated increases in cargo movement from the Gulf. Conversely, sales activity across the dry bulk segment has softened as stakeholders prepare for Posidonia. Notable transactions include a Capesize sold for mid-to-high USD 50 million, setting a new benchmark in the sector, alongside a Kamsarmax sale for USD 21 million, reflecting the positive sentiment driven by the recent Baltic Dry Index rally.