Indicative newbuilding assessment per vessel, in million USD
2021-07-26 to 2026-10-12 · 268 dated observations
Aframax Newbuilding Price: 78 USD mn/vessel as of 2026-10-12. Region: Not specified.
0 USD mn/vessel (0%) compared with the previous observation on 2026-10-05.
| Date | Price (USD mn/vessel) | Change | % Change |
|---|---|---|---|
| 78 | 0.00 | 0.00% | |
| 78 | 0.00 | 0.00% | |
| 78 | 0.00 | 0.00% | |
| 78 | 0.00 | 0.00% | |
| 78 | 0.00 | 0.00% | |
| 78 | 0.00 | 0.00% | |
| 78 | 0.00 | 0.00% | |
| 78 | 0.00 | 0.00% | |
| 78 | 0.00 | 0.00% | |
| 78 | 0.00 | 0.00% | |
| 78 | 0.00 | 0.00% | |
| 78 | 0.00 | 0.00% | |
| 78 | 0.00 | 0.00% | |
| 78 | 0.00 | 0.00% | |
| 78 | 0.00 | 0.00% | |
| 78 | +3.00 | +4.00% | |
| 75 | 0.00 | 0.00% | |
| 75 | 0.00 | 0.00% | |
| 75 | 0.00 | 0.00% | |
| 75 | 0.00 | 0.00% | |
| 75 | 0.00 | 0.00% | |
| 75 | 0.00 | 0.00% | |
| 75 | 0.00 | 0.00% | |
| 75 | -0.50 | -0.66% | |
| 75.5 | -0.50 | -0.66% | |
| 76 | 0.00 | 0.00% | |
| 76 | 0.00 | 0.00% | |
| 76 | +0.90 | +1.20% | |
| 75.1 | -0.60 | -0.79% | |
| 75.7 | +0.20 | +0.26% | |
| 75.5 | +2.50 | +3.42% | |
| 73 | +0.90 | +1.25% | |
| 72.1 | +0.10 | +0.14% | |
| 72 | 0.00 | 0.00% | |
| 72 | 0.00 | 0.00% | |
| 72 | +0.60 | +0.84% | |
| 71.4 | +0.10 | +0.14% | |
| 71.3 | +0.30 | +0.42% | |
| 71 | 0.00 | 0.00% | |
| 71 | 0.00 | 0.00% | |
| 71 | 0.00 | 0.00% | |
| 71 | 0.00 | 0.00% | |
| 71 | 0.00 | 0.00% | |
| 71 | 0.00 | 0.00% | |
| 71 | 0.00 | 0.00% | |
| 71 | 0.00 | 0.00% | |
| 71 | 0.00 | 0.00% | |
| 71 | -1.00 | -1.39% | |
| 72 | 0.00 | 0.00% | |
| 72 | 0.00 | 0.00% | |
| 72 | 0.00 | 0.00% | |
| 72 | 0.00 | 0.00% | |
| 72 | -0.10 | -0.14% | |
| 72.1 | -0.10 | -0.14% | |
| 72.2 | -0.10 | -0.14% | |
| 72.3 | -0.20 | -0.28% | |
| 72.5 | 0.00 | 0.00% | |
| 72.5 | 0.00 | 0.00% | |
| 72.5 | 0.00 | 0.00% | |
| 72.5 | 0.00 | 0.00% | |
| 72.5 | 0.00 | 0.00% | |
| 72.5 | +0.10 | +0.14% | |
| 72.4 | -0.10 | -0.14% | |
| 72.5 | 0.00 | 0.00% | |
| 72.5 | 0.00 | 0.00% | |
| 72.5 | -0.60 | -0.82% | |
| 73.1 | -0.20 | -0.27% | |
| 73.3 | 0.00 | 0.00% | |
| 73.3 | +0.30 | +0.41% | |
| 73 | -0.20 | -0.27% | |
| 73.2 | -0.10 | -0.14% | |
| 73.3 | 0.00 | 0.00% | |
| 73.3 | -0.20 | -0.27% | |
| 73.5 | -0.50 | -0.68% | |
| 74 | -0.70 | -0.94% | |
| 74.7 | 0.00 | 0.00% | |
| 74.7 | 0.00 | 0.00% | |
| 74.7 | 0.00 | 0.00% | |
| 74.7 | 0.00 | 0.00% | |
| 74.7 | 0.00 | 0.00% | |
| 74.7 | 0.00 | 0.00% | |
| 74.7 | 0.00 | 0.00% | |
| 74.7 | -0.10 | -0.13% | |
| 74.8 | +0.10 | +0.13% | |
| 74.7 | 0.00 | 0.00% | |
| 74.7 | 0.00 | 0.00% | |
| 74.7 | +0.10 | +0.13% | |
| 74.6 | +0.10 | +0.13% | |
| 74.5 | 0.00 | 0.00% | |
| 74.5 | 0.00 | 0.00% |
This is a recorded newbuilding assessment for Aframax Newbuilding Price, not a secondhand sale price, charter rate, freight rate, or individual shipyard offer.
The available history contains 268 observations from 2021-07-26 to 2026-10-12. These are recorded dates, not proof of the earliest available publication; missing intervals are not interpolated.
No. 2026-10-12 is the latest recorded observation date, not a real-time update guarantee. Public-source prices may be delayed, incomplete or inaccurate and are for reference only.
Low 71 · High 78 USD mn/vessel; ending 2026-10-12.
Chinese yards took about 94% of the 62 firm orders tracked in the week to 18 October, headlined by MISC's five 174,000 m3 LNG carriers at Hudong-Zhonghua and up to 20 vessels at Fujian Shipbuilding.
Reports that Washington may license sanctioned tankers knocked up to 13% off Asian shipping equities, while International Seaways agreed a $370m takeover of Bruton that values modern VLCCs far above their yard cost.
Hengli Heavy Industry signed six VLCCs, two Suezmaxes and four LR2 product tankers with Greek owners at an average of almost $140m per VLCC, taking its VLCC orderbook to 69 ships and keeping newbuilding pricing near record levels.
China's largest private steelmaker registered a wholly owned shipbuilding unit in Tianjin, while Dubai's Emarat Maritime ordered six 74,000 dwt LR1 product carriers.
A fresh wave of tanker and car carrier newbuilding contracts pushed more tonnage into Chinese and Japanese yards this week, with owners accepting 2029 and 2030 delivery slots and paying firm prices to secure berths.
Tanker newbuilding economics have decoupled from the normal depreciation curve: 198 VLCCs have been ordered so far in 2026 against 89 for all of 2025, pushing the orderbook-to-fleet ratio to 37% and lifting newbuilding VLCC prices 8.4% to 138 million dollars while five-year-old ships now command a record 49% premium over new steel.