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Weekly Vessel Valuations Report, August 25 2020

Tanker:  Tanker values have softened slightly.

Suezmax Sonangol Kizomba (159,000 DWT, Jan 2001, Daewoo) sold for USD 16.00 mil, VV value USD 15.12 mil.

Suezmaxes Ayse C and Zeynep (158,000 DWT, Aug & Oct 2020, Hyundai Heavy Ind) sold to CSSC Shipping in an en bloc deal for USD 127.00 mil, VV en bloc value USD 122.51 mil – including BBB of 10 years with a purchase option at the end of the charter.

Bulker:  Panamax values have firmed slightly.

Capesize Lowlands Erica (176,900 DWT, Mar 2007, Namura) sold to Alberta Shipmanagement for USD 15.00 mil, VV value USD 12.48 mil.

Panamax Western Monaco (81,100 DWT, Feb 2016, Jiangsu Hantong Ship Heavy Industry) sold for USD 18.80 mil, VV value USD 17.75 mil – sold on Subs.

Panamax Agri Marina (76,600 DWT, May 2008, Shin Kasado Dock) sold for USD 10.80 mil, VV value USD 11.36 mil.

Ultramax Fukuyama Star (63,600 DWT, Oct 2017, Tsuneishi Cebu) sold to Japanese buyers for USD 21.50 mil, VV value USD 21.64 mil – DD Due.

Supramax Cas Avanca (55,600 DWT, Oct 2009, Hyundai Vinashin) sold to Indonesian buyers for USD 7.50 mil, VV value USD USD 8.52 mil.

Handy bulker Stargate (28,200 DWT, Jan 2011, Shimanami) sold to Greek buyers for USD 6.75 mil, VV value USD 7.22 mil.

Container:  Panamax values have firmed.

Handy container Isobel (1,700 TEU, Oct 2010, Guangzhou Wenchong) sold to Simatech Shipping for USD 5.75 mil, VV value USD 6.38 mil – SS Due.

The increase in values for older tonnage across all ship types is due to the increase in demolition prices.

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