Weekly Vessel Valuations Report, November 07 2023

Bulkers: Older Supramaxes increased in value

Capesize BC Cape Flamingo (180,200 DWT, Sep 2005, Koyo Dock) sold to unknown Chinese buyers for USD 15.4 mil, VV Value USD 15.84

Panamax BC Golden Bull (75,000 DWT, Mar 2012, Reliance Defence) sold to unknown undisclosed buyers for USD 16.0 mil, VV Value USD 16.42 mil

Supramax BC Freedom Line (56,100 DWT, Mar 2005, Mitsui Tamano) sold to undisclosed buyers for USD 10.80 mil, VV Value USD 10.63 mil

Handy BC Darya Jamuna (36,800 DWT, May 2012, Hyundai Mipo) sold to undisclosed buyers for USD 16.00 mil, VV Value USD 15.85 mil

Tankers: Older VLCC tonnage decreased last week, whilst older LR1 tonnage increased due to the sale of Nordic Josephine

2x Suezmax Newbuilds (158,000 DWT, Oct 2027, Hyundai Samho HI) ordered by Hayfin Capital for USD 170.80 mil, VV Value USD 171.28 mil

LR1 Nordic Josephine (74,000 DWT, May 2007, New Century) sold to undisclosed buyers for USD 23 mil (On Subs), VV Value USD 21 mil

MR2 STI Amber (50,000 DWT, Jul 2012, Hyundai Mipo) sold to undisclosed buyers for USD 33.90 mil (Scrubber), VV Value USD 33.86 mil

MR1 Dictador (34,700 DWT, Nov 2019, Fujian Mawei Shipbuilding) sold to undisclosed buyers for USD 29.20 mil (BWTS), VV Value USD 29.68 mil

Containers: Second-hand values continued to soften across the board last week. Values for 20YO Panamax, Sub Panamax, and Handy’s depreciated the most down 0.9% on average

Panamax Polonia (3,091 TEU, Feb 2003, Stocznia Szczecin Nowa) sold to MSC for USD 15 mil including TC until 2024, VV Value USD 8.4d mil