Strong Newbuilding Orders and S&P Activity in Shipping Market at Year-End 2025
The newbuilding market at the end of 2025 saw robust activity, with Greek interests ordering two LR2 product carriers and MSC contracting twelve LNG dual fuel units for future delivery. Additionally, Wan Hai Lines and MPCC placed significant orders for LNG dual fuel containerships and smaller units, respectively, while the S&P market experienced notable transactions, including the sale of the Capesize 'EUROPE' for $30.9 million.
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The newbuilding market closed 2025 with significant activity, highlighted by Greek interests securing two 114k dwt LR2 product carriers at Hengli Shipbuilding. MSC contracted six firm plus six optional 11.4k teu LNG dual fuel units at Zhoushan Changhong for delivery in 2029.
Wan Hai Lines ordered six LNG dual fuel 6k teu containerships at Huangpu Wenchong, expected in 2030, with prices between $75.2m and $82m. MPCC ordered six 3.7k teu units at Taizhou Sanfu at $48.8m each, and Venergy Maritime placed an order for two firm plus two optional 1.9k teu units at Huangpu Wenchong.
In offshore, MegaTugs secured two firm plus two optional tug boats at Onex Shipyards for $11.7m, marking a return for Greek shipyards. In S&P Market, bulk carriers and tankers saw notable transactions including the sale of the Capesize 'EUROPE' for $30.9m to Chinese buyers and enbloc sales of LR2 sister vessels for $104.6m each.
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