Weekly Vessel Valuations Report, March 19 2019

Tanker: Mid age MR values have softened.

VLCC Olympic Legacy (30,2800 DWT, Feb 1996, Sumitomo) sold to Nigerian buyers for USD 20.35 mil, VV value USD 17.36 mil.

Aframax Astro Sculptor (105,100 DWT, Jan 2003, Daewoo) sold to Soechi Lines for USD 13.23 mil, VV value USD 11.27 mil.

MR1 Tankers Navig8 Almandine, Navig8 Amber, Navig8 Amazonite and Navig8 Adamiteto (37,600 DWT, Feb – Sep 2015, Hyundai Mipo) sold to ICBC Financial in an en bloc deal for USD 94.71 mil, VV en bloc value USD 118.52 mil – Sale and Lease Back.

Bulker: Mid age values has softened.

Scorpio Bulkers sold 7 vessels to China Merchants Bank for an undisclosed price – Sale and lease back. VV en bloc value USD 150.31 mil. 4 Panamax Bulkers built Hudong Zhonghua, SBI Capoeira (82,000 DWT, Sep 2015), SBI Carioca (81,300 DWT, Oct 2015), SBI Lambada (81,300 DWT, Feb 2016) and SBI Macarena (81,600 DWT, Dec 2016). 3 Ultramax Bulkers SBI Pegasus (64,000 DWT, Sep 2015, Chengxi Shipyard) and Dalian COSCO KHI built SBI Ursa (61,600 DWT, Oct 2015), SBI Subaru (61,000 DWT, Sept 2015).

SBI Electra and SBI Flamenco (82,000-81,800DWT, Sep 2015, Jiangsu New Yangzijiang) sold to CSL Group in an en bloc deal for USD 48.00 mil, VV en bloc value USD 42.62 mil – For Conversion.

Panamax Rosali (76,700 DWT, June 2005, Sasebo) sold to Greeks for USD 9.85 mil, VV value USD 9.92 mil – On Subs.

Panamax Corviglia (73,000 DWT, Apr 1999, CSBC Kaohsiung) sold for USD 5.20 mil, VV value USD 5.47 mil – SS Due

Supramax Ghent (58,100 DWT, Mar 2011, Tsuneishi Zhoushan) sold to Pacific Basin for USD 14.50 mil, VV value USD 14.25 mil.

Container: Modern handy values have firmed.

Feedermaxes Hanse Energy & Hanse Endurance (1,049 TEU, Feb & Mar 2008, Dae Sun) sold in an en bloc deal to SITC for USD 15.6 mil, VV en bloc value USD 12.39 mil.