S&P and Newbuilding Weekly 26 June 2026

The newbuilding market is facing significant pressures, with the crude orderbook now at 28 per cent of the existing fleet, well above the historical average of 20 per cent. VLCCs show signs of stronger demand at 33.3 per cent while Suezmaxes remain concerning at 30.7 per cent. Amid geopolitical volatility, demand for product tankers is robust and consistent, particularly from China, driving second-hand tanker transaction values higher. In contrast, the second-hand bulker market has gained momentum with notable activity in Kamsarmax and Supramax segments, indicating a favorable alignment between buyers and sellers. Nevertheless, the second half of 2026 is forecasted to be quieter, as the initial wave of strong demand begins to recede.