Weekly Vessel Valuations Report, March 10 2020

Tanker: VLCC and older Aframax values have softened.

VLCC Hull 5476 (320,000 DWT, Feb 2021, Daewoo) sold to Euronav for USD 92.25 mil, VV value USD 96.44 mil.

VLCC Miltiadis Junior (320,900 DWT, Jun 2014, Shanghai Waigaoqiao Shipbuilding) sold for USD 69.00 mil, VV value USD 67.42 mil.

Aframaxes Olympic Sea and Olympic Sky (104,300 DWT, Jun & Aug 2008, Shanghai Waigaoqiao Shipbuilding) sold in an en bloc deal to Advantage Tankers for USD 43.00 mil, VV en bloc value USD 42.91 mil – On Subs.

MR2 PTI Orion (51,200 DWT, Sep 2006, STX Offshore) sold to Chinese buyers for USD 13.30 mil, VV value USD 14.53 mil.

Handy Tanker Sea Faith (46,300 DWT, Feb 2003, Hanjin Heavy Ind) sold for USD 11.20 mil, VV value USD 8.52 mil.

Bulker: Bulker values have remained stable.

Panamax Medi Hong Kong (82,800 DWT, Jul 2006, Tsuneishi Zosen) sold to Shail Shipping and Maritime Services for USD 9.25 mil, VV value USD 10.52 mil – SS/DD Due.

Panamaxes Everlucky (70,300 DWT, Oct 1996, Sumitomo) and Evermerit (70,200 DWT, Apr 1995, Sumitomo) sold in an en bloc deal to Jiuzhou Star Shipping for USD 7.40 mil, VV en bloc value USD 7.21 mil.

Supramax Luzern (50,400 DWT, Jan 2002, Kawasaki) sold to Middle Eastern buyers for USD 5.60 mil, VV value USD 6.24 mil – DD Due.

Container: Panamax and Handy values have softened.

New Panamax Wan Hai 805 (11,923 TEU, Oct 2018, Jiangsu Yangzi Xinfu) sold to Wan Hai Lines for USD 94.64 mil, VV value USD 99.06 mil.

New Panamax Kota Panjang (11,923 TEU, Nov 2017, Jiangsu Yangzi Xinfu) sold to Wan Hai Lines for USD 92.16 mil, VV value USD 96.46 mil.

Panamax Saxonia (3,108 TEU, Jul 2003, Stocznia Szczecin Nowa) sold for USD 5.90 mil, VV value USD 6.28 mil.