Euronav has sold a 13-year old VLCC for $45m for conversion to an FPSO.
Shipping unit of Indonesian port operator Pelindo II, Jasa Armada Indonesia, is expecting to raise about IDR924.3bn ($68.5m) in fresh funds after setting its initial public offering (IPO) price at between IDR325 to IDR530, local reports said.
Cash-strapped commodities and shipping group Noble is selling four kamsarmax bulkers for $95m.
Indonesian state-owned line Pelni will spend IDR500bn ($37m) on purchasing six secondhand feeder container vessels in support of President Joko Widodo's maritime highway scheme.
An upturn in the tanker market is not seen until the end of 2018 as oversupply and newbuilding orders dog the market.
The dry bulk market had a great run from the fall of the last year until March this year when the BDI reached 1,338 points on 29 March. While freight rates still have been hovering at just above break-even levels, the improvement of the market has been impressive in relative terms; freight rates have quadrupled in the last year, admittedly from abysmally low levels.