Weekly Vessel Valuations Report, July 11 2017
Tanker: Tanker values have remained stable this week.
No VLCC transactions occurred this week.
The Aframax Amba Bhavanee (107,100 DWT, Koyo Dock, Apr 2002) sold at auction for USD 5.6 mil with her class expired and having been idle for 5 years.
The MR1 Torea (40,000 DWT, SLS, Jun 2004) sold for USD 10.8 mil vs VV USD 10.9 mil, keeping values stable.
Bulker: Most values remained stable this week, however Supramax values saw a small softening.
The Cape Frontier (180,200 DWT, Koyo Dock, May 2006) sold for USD 17.9 mil vs VV USD 18.6 mil softening mid aged Capesize values.
The Panamax BC Aesara (75,300 DWT, Hyundai Samho HI, Sept 2001) sold for USD 7.5 mil vs VV 7.4 mil mildly firming Panamax values for ships of this age.
The Panamaxes BBC Glory & Hope (82,100/82,000 DWT, Qingdao Beihai Shipbuilding HI Co Ltd, Apr/Aug 2013) sold en bloc for USD 30 mil.
Container: Post Panamax values have continued to firm this week.
10-year-old Panamax values have firmed following the sale of Irenes Wisdom (4,253 TEU, Sept 2003, Samsung) to Orient Express for USD 7.1 Mil.
Scrap: Scrap rates have remained stable this week.