Weekly Vessel Valuations Report, August 08 2023

Bulkers: Larger older tonnage Bulker values have softened, whereas small older tonnage has firmed

Panamax BC Despina D (76,600 DWT, Oct 2004, Imabari) sold to undisclosed buyers for USD 11 mil , VV Value USD 11.59 mil

Ultramax BC Nord Everest (60,400 DWT, May 2016, Oshima) sold to undisclosed buyers for USD 24 mil (BWTS), VV Value USD 26.75 mil

Handy BC Cecilia (33,400 DWT, Nov 2010, Orient) sold to undisclosed buyers for USD 13 mil (BWTS), VV Value USD 12.44 mil

Tankers: Older tonnage Aframax values have softened this week due to the sale of Tornado A last week

MR2 (Chem/Product) Cassiopeia II (50,700 DWT, Jul 2008, SPP) sold to unknown Far Eastern buyers for USD 23 mil (BWTS), VV Value USD 23.02 mil

Containers: Secondhand values softened for older vessels in ULCV and New Panamax sectors

Handy Wan Hai 267 (1,662 TEU, Jun 2002, Shin Kurushima Onishi) sold by Wan Hai Lines to Indian buyer for an undisclosed price, VV Value USD 6.66 mil