Weekly Vessel Valuations Report, February 21 2023

Bulkers: Bulker values have remained stable

Capesize Golden Ocean acquire x 6 Chinese built Newcastlemax vessels (208,000 DWT, build year 2017 – 2021), all with 36 month TC back ($21,000/day) in an En bloc deal with H Line worth USD 291 mil, VV Value USD 279.3 mil

Capesize Ocean Caesar (180,200 DWT, Jun 2008, Imabari) sold to Winning Shipping for USD 19.70 mil, VV Value USD 20.87 mil – BWTS.

Panamax Omicron Crest (76,700 DWT, Nov 2004, Sasebo) sold to Lintas Maritim Indonesia for USD 12.00 mil, VV Value USD 12.59 mil – DD Passed.

Ultramax Nord Potomac (63,500 DWT, Aug 2016, I-S) sold to Diana Shipping for USD 27.90 mil, VV Value USD 28.08 mil – Scrubber.

Supramax Milos (57,000 DWT, Oct 2010, COSCO Zhoushan) sold to unknown Greek buyers for USD 13.50 mil, VV Value USD 13.87 mil – BWTS.

Handy BC (Open Hatch) Auckland Spirit (32,300 DWT, Mar 2003, Saiki) sold to undisclosed buyers for USD 9.50 mil, VV Value USD 9.38 mil – SS Due.

Handy BC Paxi (28,700 DWT, May 2010, Imabari) sold to undisclosed buyers for USD 11.20 mil, VV Value USD 11.12 mil – DD Due.

Tanker: Tanker values have remained stable

Suezmax Glorycrown (156,000 DWT, Nov 2009, Jiangsu Rongsheng) sold to undisclosed buyers for USD 39.00 mil, VV Value USD 39.28 mil – DD Passed.

LR1 Megali (73,900 DWT, Oct 2007, Onomichi Dockyard) sold to undisclosed buyers for USD 30.00 mil, VV Value USD 25.10 mil – SS/DD Passed, Ice Class 1A fitted.

MR2 Ridgebury Katherine Z (50,200 DWT, Oct 2009, SPP) sold to undisclosed buyers for USD 24.80 mil, VV Value USD 24.57 mil – BWTS

Container: Container values have remained stable

Feedermax Sky Pride (962 TEU, Jul 2005, Dae Sun) sold to undisclosed buyers for USD 8.50 mil, VV Value USD 6.45 mil – DD Due.