Weekly Vessel Valuations Report, October 31 2023

Bulkers

Older Handysize vessels decreased whilst older Supramaxes increased owing to recent sales such as Sun Ruby and Rotterdam Pearl

Panamax BC ASL Neptune (82,400 DWT, Apr 2009, Oshima) sold to unknown Greek buyers for USD 16.20 mil, VV Value USD 16.28 mil

Supramax BC Rotterdam Pearl (58,000 DWT, Jan 2010, Yangzhou Dayang Shipbuilding) sold to undisclosed buyers for USD 13.65 mil, VV Value USD 13.12 mil

Handy BC Sun Ruby (32,800 DWT, Jun 2004, Kanda) sold to undisclosed buyers for USD 8.10 mil (DD Due), VV Value USD 8.48 mil

Tankers

Suezmax values increased last week due to the sale of Cherokee and firming rates

Suezmax Cherokee (318,500 DWT, Sep 2016, Hyundai Samho HI) sold to Nordic American Tankers for USD 72 mil (DD Due), VV Value USD 69.67 mil

MR2 (Chem/Product) James Cook and Nord Steady (50,000 DWT, Apr – Jun 2013, STX) sold to undisclosed buyers for USD 68 mil (SS/DD Passed), VV Value USD 67.35 mil

MR2 Vanda (48,100 DWT, Jun 2009, Iwagi Zosen) sold to Seven Islands Shipping for USD 23.50 mil, VV Value USD 21.59 mil

Containers

Last week saw continued erosion in second-hand values across the board as buyers sat on the fence waiting for lower prices in a falling market

Sub Panamax Wan Hai 301 and Wan Hai 302 (2,496 TEU, 2001/2002, Naikai Setoda) sold to Interasia in an en bloc deal for USD 15 mil, VV Value USD 13.3 mil