Weekly Vessel Valuations Report, March 15 2022

Tanker: Tanker values have firmed.

VLCC Eneos Tokyo (301,000 DWT, Jul 2004, IHI) sold to Chinese buyers for USD 30.50 mil, VV value USD 27.98 mil – On Subs, DD Due.

Suezmax Densa Orca (158,300 DWT, Apr 2012, Hyundai Heavy Ind) sold to Delta Tankers for USD 33.50 mil, VV value USD 32.14 mil – SS/DD Due.

Aframax Stena Arctica (117,100 DWT, Nov 2005, Hyundai Heavy Ind) sold to Greek buyers for USD 14.80 mil, VV value USD 16.32 mil.

Aframax Blue Power (106,400 DWT, Sep 2003, Tadotsu Tsuneishi) sold to Vietnamese buyers for USD 13.50 mil, VV value USD 12.08 mil.

MR2s Clean Nirvana (50,300 DWT, Jan 2008, SLS) and Clean Justice (46,000 DWT, Mar 2011, Shin Kurushima Onishi) sold to Imperial Petroleum in an en bloc deal for USD 31.00 mil, VV en bloc value USD 27.09 mil.

Bulker: Bulker values have firmed.

Panamax Alam Kukuh (82,000 DWT, Jan 2019, Oshima) sold to Far Eastern buyers for USD 38.75 mil, VV value USD 37.83 mil.

Panamax Galaxy (81,700 DWT, Nov 2012, Qingdao Beihai Shipbuilding Heavy Industry) sold to Greek buyers for USD 19.50 mil, VV value USD 21.06 mil.

Panamaxes Golden Empress, Golden Endeavour and Golden Enterprise (79,500 DWT, Dec 2010 – Sep 2011, Jinhai Intelligent Manufacturing) sold to Lomar Shipping in an en bloc deal for USD 52.00 mil, VV en bloc value USD 53.06 mil.

Ultramax Hanton Trader II (63,800 DWT, Aug 2014, Jiangsu Hantong Ship HI) sold to Jinhui Shipping and Transportation for USD 26.00 mil, VV value USD 26.20 mil – DD Due.

Ultramax Drogba (63,500 DWT, Oct 2015, Chengxi Shipyard) sold to Royal Marine Holdings for USD 28.75 mil, VV value USD 26.23 mil – BWTS fitted.

Supramax Friendly Seas (58,800 DWT, Feb 2008, Tsuneishi Zhoushan) sold for USD 18.00 mil, VV value USD 17.74 mil.

Supramax Atlantic Mexico (56,700 DWT, Jul 2011, Taizhou Kouan Shipbuilding) sold for USD 16.50 mil, VV value USD 15.64 mil.

Supramax Prabhu Gopal (56,000 DWT, Mar 2003, Mitsui Tamano) sold to Chinese buyers for USD 14.40 mil, VV value USD 14.39 mil.

Handy Bulker Happy Hiro (32,600 DWT, Feb 2006, Kanda) sold for USD 12.40 mil, VV value USD 13.43 mil.

Handy Bulker Atlantic Veracruz (28,300 DWT, Oct 2009, Shimanami) sold to Vietnamese buyers for USD 13.20 mil, VV value USD 14.06 mil – SS/DD, BWTS due.

Container:  Container values have remained stable.

Post Panamaxes Sealand Washington (6,648 TEU, Aug 2000, Hyundai Heavy Industry) and Maersk Kalamata (6,644 TEU, Jun 2003, Hyundai Heavy Industry) sold in an en bloc deal for USD 150.00 mil, VV en bloc value USD 183.07 mil – Including low Charters until end 2022/ Start 2023

Post Panamaxes York, Sealand Michigan and Sealand Illinois (6,648 TEU, May – Dec 2000, Hyundai Heavy Industry) sold in an en bloc deal for USD 183.00 mil, VV en bloc value USD 265.49 mil – Including low Charters until end 2022/ Start 2023