Weekly Vessel Valuations Report, October 17 2023

Bulkers: Capesize values have firmed across the board whereas older Panamaxes and Supramaxes have softened

Capesize BC Mineral Shougang International (180,200 DWT, Jul 2009, Dalian Shipbuilding) sold to undisclosed buyers for USD 23.0 mil, VV Value USD 21.31 mil

Capesize BC Cape Star (175,400 DWT, Jul 2010, Jiangsu Rongsheng) sold to BOCOM for USD 21.20 mil, VV Value USD 21.34 mil

Panamax BC HC Pioneer (75,700 DWT, May 2004, Yangzhou Dayang Shipbuilding) sold to unknown Chinese buyers for USD 8.4 mil, VV Value USD 10.25 mil

Supramax BC RHL Clarita (53,800 DWT, Mar 2008, Chengxi) sold to unknown Chinese buyers for USD 9.5 mil, VV Value USD 10.76 mil

Handysize BC Red Sea (35,000 DWT, Aug 2011, Nantong Chang) sold to undisclosed buyers for USD 11.0 mil, VV Value USD 10.99 mil

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

MR2 (Chem/Product) Elafonisos Bay (50,700 DWT, Mar 2009, SPP) sold to undisclosed buyers for USD 25 mil (BWTS), VV Value USD 24.49 mil

MR2 (Chem/Product) Dong A Themis (50,500 DWT, Jan 2015, Hyundai Mipo) sold to undisclosed buyers for USD 38 mil (BWTS), VV Value USD 37.94 mil

MR2 (Chem/Product) Constance (50,100 DWT, Nov 2008, SPP) sold to Petrovietnam for USD 23 mil (SS/DD Due), VV Value USD 23.96 mil

MR2 (Chem/Product) Lacerta & Bora Bora (50,000 DWT, Mar – Jun 2016, SPP) sold to unknown Turkish buyers in an en bloc deal for USD 80.80 mil, VV Value USD 77.99 mil (CAV USD 80.75 mil)

Containers: Secondhand values for 15YO assets depreciated c.3% for Feedermax, Handy and Sub Panamax impacting small ship types the most. Other segments lost between 1 and 2%

Panamax Oakland (4,890 TEU, Oct 2000, Hyundai HI) sold to unknown Chinese buyers for USD 11.90 mil, VV Value USD 11.29d