Weekly Vessel Valuations Report, May 30 2023

Bulkers: Values have come down for old Supramaxes due to low prices achieved in recent sales of 20 YO vessels. Other BCs remain stable.

Panamax BC Hong Cheng (75,200 DWT, Oct 2011, Penglai Zhongbai) sold to unknown Greek buyers for USD 17.20 mil, VV Value USD 17.39 mil

Ultramax BC Federal Iris (63,000 DWT, Aug 2016, Shin Kasado) sold to undisclosed buyers for USD 30 mil, VV Value USD 29.05 mil

Handy BC Super Gunner (31,900 DWT, Feb 2009, Hakodate) sold to undisclosed buyers for USD 13 mil, VV Value USD 13.14 mil

Tankers: Tanker values remained stable

Aframax Sperchios (114,500 DWT, Feb 2018, Namura) sold to unknown Middle Easters buyers for USD 68.50 mil, VV Value USD 68.84 mil – SS/DD Due

LR1 Gulf Coast, Gulf Horizon and Gulf Pearl (75,000 DWT, Nov 2005, Hyundai HI) sold to undisclosed buyers in an en bloc deal for USD 61.20 mil, VV Value USD 63.96 mil

Containers: Container values have continued to firm marginally as a result of firming rates

No Container sales this week.