Weekly Vessel Valuations Report, September 26 2023

Bulkers: Bulker values have increased for mid-age Capesize and Panamax, whilst older Supramax and Handysize have decreased owing to recent low sale prices achieved for smaller vessels over 10 years old

Capesize BC Gracious Eternity (180,200 DWT, Jan 2009, Imabari) sold to unknown Chinese buyers for USD 22.00 mil, VV Value USD 21.38 mil

Capesize BC West Trader (175,900, Nov 2009, JIM) sold to unknown Greek buyers for USD 18.7 mil, VV Value USD 18.18 mil

Panamax BC Geneva Star (81,800 DWT, Nov 2015, Tsuneishi Cebu) sold to unknown Chinese buyers for USD 26.90 mil, VV Value USD 26.02 mil

Supramax BC Jin Feng (52,700 DWT, Dec 2004, Oshima) sold to unknown Chinese buyers for USD 8.10 mil, VV Value USD 9.72 mil

Handy BC IVS Raffles (32,000 DWT, Jul 2013, Jiangmen Nanyang) sold to unknown Turkish buyers for USD 11.60, VV Value USD 12.07 mil

Tankers: Older Aframax values have decreased due to recent deals

Aframax Centennial Sapporo (110,400 DWT, Dec 2008, Mitsui Ichihara) sold to Beks Shipmanagement for USD 36.50 mil (SS/DD Due), VV Value USD 39.27 mil

LR1 Spottail (75,000 DWT, Dec 2008, Minami Nippon) sold to Sanmar Shipping for USD 24.60 mil (SS/DD Due), VV Value USD 24.56 mil

Containers: Secondhand values depreciated c.4.5% for 10YO Post Panamax, Sub Panamax, and Handy’s. 10YO ULCV and New Panamax decreased 1.9%

No reported sales this week