Weekly Vessel Valuations Report, September 12 2023

Bulkers: Bulker values have remained stable last week

Panamax BC Port Star (82,200 DWT, May 2012, Tsuneishi Zhoushan) sold to Great Eastern Shipping for USD 20.20 mil, VV Value USD 19.64 mil

Panamax BC Nenita (76,800 DWT, Jul 2006, Sasebo) sold to Greek buyers for USD 12.30 mil (DD Due), VV Value USD 13.26 mil

Ultramax BC Santa Virginia (61,300 DWT, Sep 2014, Imabari) sold to Japanese buyers for USD 23.50 mil (BBHP), VV Value USD 22.42 mil

Handy BC Klara Selmer (33,600 DWT, Jan 2011, Samjin Shipbuilding Industries) sold to undisclosed buyers for USD 11.20 mil, VV Value USD 10.89 mil

Tankers: Older MR tonnage firmed last week due, whilst other tanker values remained stable

MR1 (Chem/Product) Wonder Formosa (36,700 DWT, Jan 2006, Hyundai Mipo) sold to unknown Turkish buyers for USD 18 mil, VV Value USD 17.40 mil

Small Clean (Chem/Product) Fionia Swan (15,600 DWT, Nov 2005, Deniz Endustrisi Cicek) sold to Unknown Greek for USD 8.90 mil (BWTS), VV Value USD 8.63 mil

Containers: Secondhand values depreciated c.0.4% for mid age Post Panamax, Panamax, Sub Panamax, Handy and Feedermax

No reported sales this week