Downtrend In Vessel Valuations



The bulker market values continued their downward trend.  The Baltic Dry Index reached another all-time low, since 1985.

The sale of the Pierre LD 171,900 Daeweoo ’05 blt, to Chartworld Shipping for USD 12.35 million resulted in capesize values coming down further this week.

In the panamax segment, the values decreasing further with the sale of the Maritime Hareshio 75,700 DWT Sanoyas 2006 built for USD 8.1 million which is below last done. The tanker market values remain stable. Last week, we saw the en bloc sale of two 2003 built aframax tankers. The Fuji Spirit 106,400 DWT Tadotsu Tsuneishi and the Americas Spirit 111,900 DWT Hyundai HI sold for USD 28 million including an above market time charter.

The older MR tonnage saw the biggest movement in values this week. The Carla Maersk 45,000 DWT 1999 blt Halla sold for USD 12 million. Also, the Portland Pearl 45,000 DWT 1996 blt Hallas sold for USD 8.8 million, the two sales have resulted in an uplift to the older MR values.

The container sector values have remained steady.  There has been an uplift in 5-10 year old values following the sale of the Aspiration 1,060 TEU 2005 Hakata Zosen for USD 7.1 million.

Across the board, demolition levels have continued to soften this week.


Source: Vessels Value


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