Weekly Vessel Valuations Report, January 10 2017
Tanker: Suezmax values have softened in both modern and older tonnage.
The Devon (157,700 DWT, 2011, Samsung) and Eugenie (157,700 DWT, 2010, Samsung) sold enbloc to Great Eastern Shipping from Bretta Tanker Holdings. Devon sold for USD 38.6 mil vs VV value of USD 39.36 mil and the Eugenie sold for USD 36.4 mil vs VV value of 37.07.
Bulker: Panamax values have firmed in all ages except for resale and modern Supramax values have softened.
The BSI Cadogen (81,300 DWT, 2016, Hudong Zhonghua) was bought by Alpha Bulkers Shipmanagement from Berkeley Shipping for USD 20.7 mil vs VV value of USD 19.8 mil.
The Redwing (53,400 DWT, 2007, Chengxi) was sold by Eagle Bulk Shipping to Nanjing King Ship Management for USD 6.2 mil vs VV value of USD 7.15 mil.
Container: No container sales this week but older tonnage across all container types has seen a firming due to an increase in scrapping rates.