The VesselsValue table at the Baltic Exchange sailing weekend at Seaview, Isle of Wight
Ben Forbes, Business Development, Toby Mumford and Toby Yeabsley, Valuation Analysts, winning the Baltic Exchange Sailing weekend
Data taken from VV Deals+ in the above graph shows the number of bulker and tanker newbuilding contract resales from 01/01/2013 – 18/05/2015. Resales typically demonstrate which new ships buyers want soon rather than waiting for new orders from scratch, and therefore we can see how the tanker and bulker industries have faired differently.VV Deals + allows subscribers to search the full deals database by a huge range of vessel and sale criteria.Register here to request an interactive demonstration of this service.
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Panamax BC values liftWith Crude tanker charter markets booming values have lifted slightly in VLCCs, Suezmaxes and Aframaxes due to the freight sentiment though no sales have taken place. No owners seem willing to sell given the rates they are seeing.Capesize values remain fairly steady although a very slight drop in values occurred following the sale of the Jiang Jun Shan 176, 900 dwt blt 2006 Namura to Winning shipping at usd 18.2 mil. Panamax values have finally started to lift following the sales of the Medi Singapore 75, 400 dwt blt 2006 at usd 12.8 mil to Indonesians JSK and the Rose Atlantic 75, 700 dwt blt 2005 Sanoyas as usd 10.8 mil to Astra Shipmanagement. This represents the first substantial lift in bulker values since the start of the year. No significant activity in the small bulker segments.
Small lifts in the container market across the board again due to the improving charter market and a number of sales taking place at the new slightly firmer levels.
Demolition markets have eased further giving a decrease in value in the older ships.
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