In International Shipping News 10/10/2016
Supramax values have increased significantly across all ages. 5-10 year old panamax values have also firmed while Capes and modern Handy values have softened.
CAPESIZE
Values have softened throughout September. 8 sales have been concluded this month. The ER Bayern and the ER Bavaria (179,400 DWT, 2010, HHI) were sold for USD 20.75 mil each, VV value day before sale was USD 20.85 mil and USD 20.95 mil respectively. The sale of the Hanjin Matsuyama (179,200 DWT, 2011, Sungdong) bought for USD 22.75 mil has further softened values. VV value day before sale USD 23.22 mil.
PANAMAX
Values have firmed throughout the month. 16 sales have been concluded. The Elpis I (75,200 DWT, 2001, Samho Tongyoung) sold for USD 4.5 mil, VV value day before sale USD 3.37 mil. The Nord Navigator (82,700 DWT, 2008, Tadotsu Tsuneishi) sold for a firm USD 10.5 mil, VV value day before sale USD 10.02 mil.
SUPRAMAX
Values have firmed throughout the month. 11 sales have been concluded this month. The two resales of Darya Rani and Darya Maya (64,000 DWT, 2016, Huangpu) have been bought by Celsius Shipping for USD 17.5 mil each. VV value USD 17.12 mil on 06/09/16. The Jin Han (61,400 DWT, 2011, Oshima) and the Jin Ming (61,400 DWT, 2010, Oshima) sold for USD 28 mil En Bloc. VV valued Enbloc at USD 24.3 mil. Older tonnage saw the Fleet Phoenix (55,900 DWT, 2006, Mitsui Ichihara) sold for a firm USD 8.85 mil, VV value at USD 7.97 mil. The Virginia (50,200 DWT, 2001, Mitsui Ichihara) sold for a USD 4.2 mil, VV value USD 3.93 mil.
HANDY
Modern tonnage has softened throughout the month, older tonnage has firmed. 16 sales have been concluded. Modern tonnage has softened, demonstrated by the sale of the Hanjin Isabel (36,800 DWT, 2012, Hyundai Vinashin) for USD 8.2 mil, VV value day before sale at USD 8.91 mil. The Daisy K (28,000 DWT, 2012, Imabari) sold for USD 7.9 mil, VV value at USD 8.97 mil. Older tonnage has firmed, Antonia (22,072 DWT, 2002, Tianjin Xingang) sold for USD 3.7 mil. VV value on day before sale was USD 3.17 mil. Long Beach (23,600 DWT, 2000, Kanda) sold for USD 3.2 mil, VV value at USD 2.38 mil.
Source: VesselsValue
