Weekly Vessel Valuations Report, April 25 2017
Tanker: Values have remained stable this week except for modern MRs where values have firmed.
Ratna Shalini (105,800 DWT, Mar 2010, Hyundai HI) sold on subs to TMS Tankers for USD 25.0 mil vs VV value USD 24.73 mil.
Modern MR values have firmed due to the en bloc sale of Nisida & Miseno (50,800 DWT, Jan/Feb 2012, STX Offshore) to Navigare for USD 48.0 mil vs VV value USD 46.03 mil.
Bulker: Bulker values remain stable with the exception of Supramax and Handysize vessels which have firmed. A significant number of sales occurred in the Panamax sector.
The Capsize Yuritamou (180,200 DWT, Jan 2007, Imabari) sold for USD 23.9 mil to Tsakos.
Diana bought the Post Panamax vessels Soya May & Grain May (87,100/80,000 DWT, Mar/Jun 2013, Hudong Zhonghua) in an en bloc deal for USD 40.4 mil.
The Supramax Four Kitakmi (55,500 DWT, Apr 2004, Mitsui Tamano) sold from Doun Kisen for USD 14.9 mil vs VV value 12.47 mil, firming Supramax values.
Ocean Hawk (37,100 DWT, Sept 2011, Hyundai Mipo) sold from Daiichi Chuo for USD 11.8 mil.
CSL group bought the Cape Knox (28,400 DWT, Nov 2006, Shimanami) sold for USD 7.4 mil vs VV value USD 6.82 mil, firming Handy Bulker values.
Container: All container values firmed this week.
One large en bloc deal of 14 Panamax vessels was concluded from Rickmers Maritime Trust to Navios Maritime Partners LP worth USD 113 mil. Charters were attached to the 5 larger vessels to OSK lines.
Scrap: Scrap rates increased a small amount this week.