The VV web developers BB solutions out for an evening with Richard Rivlin CEO and Kaizad Doctor Director of Analytics
Our accountant Linda at her retirement party with CEO Richard Rivlin
Bulker scrapping rates reached a new high in April 2015 with 40 vessels and just over 4 million dwt being scrapped in one month. The VV Deals module allows us to calculate a total figure of 4, 037, 000 dwt coming off the water.Demolition rates came close to this figure three years ago in April 2015, when 3.8 million dwt were scrapped.Register for a personal demonstration of the deals module.
The Maersk Tigris, the 2014 built 5466 TEU container vessel has been ordered into the Iranian port of Bandar Abbas following intervention by Iranian naval forces, reports from the Pentagon state…Read More
Seasure’s Demolition Report
Seasure Shipbroking’s weekly demolition report looks at individual ships scrapped, LDT/$ fluctuations and demolition trends within the bulker, tanker and container industries.
Click here to register for the full report, which comes out every Wednesday.
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Tanker and container values firmThe main story this week in values has been the significant fall in demo levels, this has resulted in all vessels valued at scrap falling in value as seen on the matrix. Tankers; VLCC values firmed this week with Sinokor selling the 2009 built Bejijin Sunrise and 2011 built Dalian Glory for very firm prices to China VLCC. Likewise suezmax values have firmed slightly following details surrounding the sale of the Ariadni 166, 100 dwt blt 2009 Hyundai emerging (she sold for usd 55.5 mil to Delta Tankers, now renamed the Delta Sky). MRs have seen the biggest jump in values this week with the sisters Brimanger and Berganger 46, 200 dwt blt 2009 Hyundai Mipo selling for usd 28.5 mil each to Nation Chemical Carriers of Saudi Arabia. Bulker values continue to fall due to rates, though no benchmark sales have taken place. Circa 10 capes have gone for scrap this week. Four sales took place in the container market this week with 3 in the handy sector and 1 in the sub panamax sector. No change resulted from the sale of the Ayutthaya Bridge 1, 708TEU blt 2007 Imabari as it was sold within 1% of the VV value but the sisters Dorikos and Thermaikos 1, 561TEU blt 1996 Hyundai were done over 10% above the VV value causing the values to increase. Sale of the Sils 2, 824 TEU blt 2003 Hyundai at usd 13 mil has also driven up the values of midsize container vessels.
Your Weekly Seasure S&P Report
Register for the Seasure Blue Report to see the total sales for last week, comparing the VesselsValue.com online valuation to the sale price. 2014 ytd S&P trends are also included.
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