Weekly Vessel Valuations Report, October 01 2019

Tanker: Mid to old age MRs have softened.

LR1 Gulf Stream (75,000 DWT, Sep 2005, Hyundai Heavy Ind) sold to Greece buyers for USD 10.40 mil, VV value USD 10.81 mil.

LR1 Gulf Cobalt and Gulf Crystal (75,000 DWT, Jul & Nov 2009, Hyundai Mipo) sold for USD 17.80 mil each, VV value USD 17.31 and 17.84 mil respectively.

MR2s Stenaweco Andrea Corrado and Stenaweco Caterina Corrado (50,000 DWT, Jun & Aug 2015, Hyundai Mipo) sold to Hafnia in an en bloc deal for USD 62.00 mil, VV en bloc value USD 61.43 mil.

Bulker: Bulker values have remained stable.

Capesize Lowlands Brilliance (169,600 DWT, Jan 2002, Hyundai Samho Heavy Ind) sold to South Korean buyers for USD 10.80 mil, VV value USD 9.15 mil – DD Due.

Panamax Boreal (74,200 DWT, Mar 2002, Namura) sold to Bright Navigation for USD 7.70 mil, VV value USD 7.31 mil.

Panamax Little Prince (74,000 DWT, May 2001, Namura) sold to Bright Navigation for USD 6.70 mil, VV value USD 6.72 mil.

Supramax Ribbon (53,200 DWT, Jun 2005, Imabari) sold to Far Eastern buyers for USD 8.90 mil, VV value USD 8.86 mil.

Supramax (Open Hatch) Odisseus (51,200 DWT, Jan 2003, New Century) sold Chinese buyers for USD 5.50 mil, VV value USD 5.40 mil.

Handy Bulker Ocean Exporter (28,500 DWT, Jan 2002, Imabari) sold to Chinese buyers for USD 4.95 mil, VV value USD 4.33 mil.

Handy Bulker Gazi (23,800 DWT, May 1995, Naikai Setoda) sold to Chinese buyers for USD 2.70 mil, VV value USD 2.03 mil

Container: Modern Panamax tonnage has firmed.

Post Panamax Pucon (6,541 TEU, Aug 2006, Hyundai Heavy Ind) sold for USD 20.21 mil, VV value 18.62 mil.

Panamax Debussy (4,563, Sep 2009, Hyundai Heavy Ind) sold to Borealis Finance for USD 10.75 mil, VV value 11.67 mil – Internal Deal.