Ben Forbes, USA Business Development Manager, pictured with Alex Tsavliris, earlier in NY this week.
VV CEO Richard Rivlin, out in Greece with Seasure brokers all this week
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VV in the Press: TradewindsVesslesValue.com data was recently used in the Tradewinds – Big Spenders Prosper
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VV Market Round UpThe biggest movement in values this week have been seen in the panamax bulker. The auctioned sale of the A Max 84, 100 dwt blt 2011 Hyundai Samho Heavy for USD 16.55 Million last week saw a new low for values. Values appear to be continuing to free fall with the reported sale this week of the Flora Island 81, 300 dwt blt ’12 Hyundai Heavy Industry for USD 18.5 Million.
In the tanker market values remain firm, last week there was an en bloc MR sale of the Moldanger 40, 800 dwt blt 1997 Minami Nippon and the Mauranger 41, 100 dwt blt ’95 Minami Nippon for USD 15 Million.
With no reported sales this week the container market remains stable with values rising slightly due to an increase in the spot rate. Across all sectors older values have fallen as demolition values continue to fall.