Weekly Vessel Valuations Report, July 23 2024

Bulkers: S&P Values increased for new Newbuild Capesizes, Modern Panamaxes and mid-age Handysize

PostPanamax BC Claas Oldendorff (95,800 DWT, Jan 2013, Imabari) sold to unknown Singaporean for USD 27.0 mil, VV Value USD 26.5 mil

Supramax BC Seacon Yantai (57,000 DWT, Aug 2010, COSCO Zhoushan) sold to PT Primatama Energi Mandiri for USD 13.8 mil, VV Value USD 14.8 mil

Handy BC SSI Daring (36,200 DWT, Apr 2017, Shikoku Dockyard) sold to unknown South Korean buyers for USD 26.7 mil, VV Value USD 24.4 mil

Tankers

Tanker values remained mostly stable again last week with mid age MR values firming slightly

Aframax Pacific Treasures & Pacific Jewels (115,200 DWT, Mar 2016, Daehan) sold on subs en bloc to Petrovietnam for USD 137 mil, VV Value USD 136.31 mil

MR2 (Chemical/Product) Hafnia Pegasus (50,300 DWT, Oct 2010, Guangzhou CSSC Longxue Shipbuilding) sold to undisclosed buyers for USD 28.5 mil, VV Value USD 28.97 mil

8 x MR2 (Chemical/Product) (49,700-50,000 DWT, 2014-2015) sold en bloc in a cash and shares deal to Torm for a total of USD 340 mil, VV Value USD 344.5 mil

Containers

Secondhand values continued to firm upwards across the board tracking earnings, 10YO ULCVs were the exception depreciating c.0.2%