Director Georgina Gavin and Office PA Anna Sherwood traveling to the sunny isle of wight office
Seasure Ship Broker Tom Evans doing a last minute deal before the cycle home
Test VesselsValue.com’s accuracy by checking the VV price the day before the sale. As a data driven software with constant market feedback, we can regularly test our accuracy to see the accuracy percentage of our valuations.Shown above: the recent sale of the two newbuild contracts for the enbloc deal of 2456 (Hull) Hyundai Mipo and 2455 (Hull) Hyundai Mipo. Both 50, 000 DWT MR tankers sold for $36.5 million with the VV value the previous day at $37.19 million, giving +1.9% error margin.Click here to see our accuracy report.
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Busy week for tanker salesIt has been a quiet week in the tanker market with values remaining stable. Notable sales included the internal sale of the BW Opal VLCC 320, 100 blt ’12 Daewoo for USD 85.5 million and the two MR resales. Hull 2455 and 2456 50, 000 DWT blt ’15 Hyundai Mipo sold for USD 37.5 million which caused a slight fall in values for modern MR tonnage.In the bulker market there has been several older tonnage sales. The notable deal was the en bloc deal for the Go Public 71, 800 DWT blt ’93 Hitachi, Go Trader 45, 700 DWT blt ’96 Tsuneishi Tadotsu and the Go Star 43, 700 DWT blt ’94 Tsuneishi Tadotsu for USD 11 million causing older tonnage values to firm.
With no notable container sales this week values have seen a slight increase due to an improving spot rate.