Weekly Vessel Valuations Report, July 04 2023

Bulkers: Older tonnage capes have softened due to the sale of Aquarange

Capesize BC Aquarange (179,800 DWT, Sep 2011, Agila Subic Shipyard) sold to Costamere for USD 24 mil (DD Due), VV Value USD 25.15 mil

Ultramax BC KK Progression (64,000 DWT, Sep 2018, Tsuneishi Cebu) sold to Mykonos Shipping for USD 28.5 mil (SS/DD Due), VV Value USD 30.00 mil

Handy BC African Bulker (36,200 DWT, Nov 2015, Shikoku Dockyard) sold to unknown South Korean buyers for USD 21.5 mil, VV Value USD 21.30 mil

Tankers: Values have remained stable this week

VLCC Lulu (316,500 DWT, Jul 2003, Hyundai HI) sold to Unknown Chinese buyers for USD 42.50 mil (SS/DD Due), VV Value USD 44.50 mil

LR2 Epanastasea (109,600 DWT, Jan 2008, Dalian) sold to Undisclosed buyers for USD 37.50 mil (SS/DD Passed), VV Value USD 36.44 mil

Aframax Minerva Zoe (105,300 DWT, Mar 2004, Hyundai Samho HI) sold to Unknown Chinese buyers for USD 31 mil, VV Value USD 30.56 mil

Containers: Mid age Handymax value have softened, whilst modern Feedermax values have firmed

Panamax NYK Delphinus (4,888 TEU, Dec 2007, Hyundai HI) sold to Greek buyers for USD 23 mil, VV Value USD 25.60 mil