Weekly Vessel Valuations Report, June 27 2023

Bulkers: Values have softened for Capesize and Panamax Bulkers. Smaller modern tonnage remains stable
Capesize BC Aquaenna (176,000 DWT, Sept 2011, JIM) sold to Costamare for USD 22.6 mil, VV Value USD 21.10 mil
Panamax BC Rikke (81,900 DWT, Jul 2016, Tsuneishi Zhoushan) sold to undisclosed buyers for USD 27.00 mil, VV Value USD 27.10 mil
Supramax BC RHL Julia (55,700 DWT, Nov 2009, Mitsui Tamano) sold to undisclosed buyers for USD 15.3 mil, VV Value USD 15.85 mil
Tankers: LR1 values have softened over the past week due to the sale of Faros, Suezmax will continue to firm after the sales this week
Suezmax Sonangol Kassanje (158,700 DWT, Jun 2005, Daewoo) sold to Infinity Ships FZE for USD 37 mil (BWTS), VV Value USD 34.39 mil
Suezmax Elandra Osprey (157,500 DWT, Apr 2018, Hyundai Samho) sold to Eastern Pacific Shipping for USD 75.75 mil (SS/DD Passed), VV Value USD 71.86 mil
LR1 Faros (75,000 DWT, Sep 2005,Hyundai HI) sold to Beks Shipmanagement for USD 18 mil (DD Due), VV Value USD 20.89 mil
MR2 (Chem/Product) Ridgebury Galileo (47,900 DWT, May 2006, Hyundai Mipo) sold to undisclosed buyers for USD 19 mil (BWTS), VV Value 20.71 mil
Containers: Handy Containers have firmed
Sub Panamax Northern Vigour (2,750 TEU, Aug 2005, Aker Ostsee) sold to MSC for USD 17 mil (DD Passed), VV Value USD 14.10 mil
Sub Panamax Ella (2,450 TEU, Mar 2003, Naikai Setoda) sold to MSC for USD 14 mil, VV Value USD 13.95 mil