Weekly Vessel Valuations Report, October 10 2023

Bulkers: Bulker values have increased for newer Capesizes owing to high sale price of Contamines. Smaller vessels remain stable

Capesize BC Contamines (181,100, Nov 2011, Namura) sold to Neda Maritime for USD 41.75 mil, VV Value USD 38 mil

Ultramax BC Zeyno (63,100 DWT, Sep 2014, Yangzhou Dayang Shipbuilding) sold to undisclosed buyers for USD 22.0 mil, VV Value USD 21.19 mil

Handysize BCs Fengning, Foochow and Funing (39,800 DWT, Jan-Oct 2015, Chengxi) sold to Global Meridian in en bloc deal for USD 58.5 mil, VV Value USD 56.35 mil

Tankers: Modern MR values increased last week due to recent deals

VLCC 24x sold to Frontline by Euronav in an en bloc deal for USD 2.35 bil, VV Value USD 2.37 bil

MR2 (Chem/Product) Evinos (50,000 DWT, Apr 2013, STX Offshore) sold to Unknown Greek buyers for USD 33.70 mil (SS/DD Passed), VV Value USD 33.31 mil

Containers: Secondhand values for 15YO assets depreciated c.1.3% for New Panamax and Feedermax dragged down by weaker earnings

No Reported sales this week