Second-Hand Ship Market Maintains Momentum as Valuations Rise

The global second-hand ship market demonstrated continued resilience during Weeks 14-15 of 2026, with multiple shipbroking firms reporting sustained price momentum and active deal flow despite a more selective buyer approach. ## Market Overview According to Lion Shipbrokers' weekly market report, the S&P market has shown 'robust strength over the past two weeks, with asset values rising notably.' This sentiment aligns with observations from other major brokers monitoring market dynamics, indicating a broader trend of price appreciation across vessel classes including bulkers and container ships. ## Pricing Dynamics and Transaction Activity Clarkson Platou Hellas noted that while owners 'appeared to be adopting a more cautious, wait-and-see approach towards engaging in new deals,' this hesitation has not dampened overall market activity. Numerous transactions continued to conclude—'particularly stemming from negotiations'—suggesting that despite owner caution, buyers remain active and prices continue their upward trajectory from recent months. Advanced Shipping & Trading highlighted specific market activity, citing transactions such as Dusung Shipping's commitment of the Kamsarmax-type vessel 'Donghae Star' (82/2012, STX Korea) at USD 17 million, demonstrating active pricing in the mid-sized bulker segment. ## Commercial Indicators Agora Shipbroking's Snapshot of Commercial Indicators Report for Week 14 provides broader market context, tracking key performance metrics that influence second-hand valuations and shipping sentiment across the industry. ## Market Context Star Asia Shipbroking's report notes ongoing geopolitical considerations affecting shipping routes, with selective vessels successfully navigating the Strait of Hormuz amid international tensions. These factors continue to influence vessel utilization rates and owner valuations in the global second-hand market. The combination of rising valuations, sustained transaction volumes, and owner caution suggests a mature market where prices reflect genuine supply-demand dynamics rather than speculative activity.