VesselsValue: How prices shaped the buying and selling of vessels – The week’s movements

mononews in collaboration with VesselsValue, the internationally recognized data platform that determines fair vessel valuations, presents every week how values ​​are shaping up in the shipping market, combined with the most important vessel sales.

Bulkers

Values ​​in buying and selling remained stable this week, with no significant movements.

-The Capesize BC Frontier Unity (181,400 DWT, built 2012, Koyo Dock) sold to Greek buyers for $35 million. Its value is estimated by VesselsValue to 37.5 million dollars.

-The Panamax BC YMK Quartet (82,200 DWT, built 2021, Jiangsu Yangzi-Mitsui) sold to Greek buyers for $35.5 million. His value is estimated at 35.73 million dollars.

-The Supramax BC African Lion (66,700 DWT, built 2013, Mitsui Tamano) sold to Greek buyers for $25 million. His value is estimated at 25.6 million dollars.

-The Handy BC Perseus Harmony (37,200 DWT, built 2020, Saiki) changed hands for $29.5 million. His value is estimated at 29.03 million dollars.

Tankers

In tankers the values ​​remained mostly stable, however in MR vessels they increased, as did the older LR1 build.

– The MR2 Grand Ace5 (46,200 DWT, built 2006, STX Offshore) sold for $21 million. His value is estimated at 20.73 million dollars.

-The small chemical tankers Patagonia & Paterna (16,800 DWT, built 2006, Qiuxin/Jiangnan Shanghai Changxing HI) were sold to Turkish buyers for a total price of $22.6 million. His value is estimated at 20.83 million dollars.

Containers

In containerships values ​​strengthened due to improved profits and higher demand. An exception was the feeder category, where values ​​declined.

There were no notable sales last week.

How the VV indices moved

During the past week, her indicators VesselsValue proceeded as follows:

• The index of bulkers retreated against 0.17% and closed at 341.26 units.
• The index of tankers registered a rise by 1.86% and closed at 554.88 units.
• The index of containers rose by 0.85% and was formed at 9,190.31 units.
• The index of of LPG carriers reinforced by 0.15% and was formed at 1,120.86 units.

What are the indicators of VV?

THE VesselsValue, belonging to the group Veson Nautical, has a rich database and determines the purchase price of each ship, calculating its value based on its capacity for each year of its construction.

Then, the average is obtained from these elements and the index of each branch is formed. The purpose of the VV indices is to capture the general picture of the buying and selling of ships in the global shipping market.

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