Weekly Vessel Valuations Report, July 11 2023

Bulkers: Values for mid-age Capesize have decreased following recent sales

Capesize BC Agios Charalambous (184,900 DWT, May 2003, Mitsui Ichihara) sold to unknown Indian buyers for USD 14 mil, VV Value USD 13.50 mil

Capesize BC Aquamarine (182,100 DWT, Jul 2009, Odense Steel) sold to New Shipping for USD 18.25 mil, VV Value USD 20.60 mil

Capesize BC Ocean Cobalt (180,200 DWT, Jul 2008, Imabari) sold to unknown Chinese buyers for USD 19.50 mil (SS/DD Passed), VV Value USD 18.70 mil

Tankers: VLCC values expected to soften in the next week

MR2 Yongsheng Ocean (45,000 DWT, Jun 1997, Halla) sold to Unidisclosed buyers for USD 7.20 mil (BWTS), VV Value USD 8.40 mil

Containers: Post Panamax Containers have firmed over 9% as a result of the en bloc resales bought by MSC

Post Panamax London Bridge and Dubai Bridge (8,000 TEU, Mar 2024, Hyundai HI) sold to MSC in an enbloc deal for USD 200 mil, VV Value USD 191.47 mil