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Biggest Spenders of 2015 – VV Weekly Newsletter

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The Trumpet 8 Jul 2015

Generating 400, 000 valuations a year and rising
Wednesday 15 July 2015

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VV in the Press

Greek paper,  Imerisia, profiled CEO Richard Rivlin in last week’s edition.

Read VV in the press and best of VV on our blog to see more.

VV Market Round Up

While no VLCC or Aframax sales have taken place this week values have fallen slightly due to futures rates reducing. Modern Suezmax values have again fallen slightly due to futures rates although the early to mid 2000 built ships have increased in value due to the sale of the Cape Bata and Cape Bowen 160, 000 dwt blt 2003 Samsung for usd 31 mil. Our understanding is that this deal is still on subjects. MR values have fallen at the modern end of the age profile following the resale of 2 York Capital MRs building at SPP with delivery 2016.

An equally quiet week in bulkers with no capsizes done although values have gone up fractionally due to the increased spot market. Modern panamax values continue to rise with the sale of the Bergen Trader 81, 600 dwt blt 2011 Sundong for usd 19.2 to Italians whereas older values have fallen further with the sale of Proteus 73, 000 dwt blt 1999 Daedong at usd 4.1 mil to Greeks. Supramax values continue to fall following the sale of the Speedwell 50, 300 dwt blt 2003 Kawasaki for usd 7.8 mil, this vessel had been in the market for around a year.

Only one sale in the container market this week with the Dolphin Strait 1, 118 TEU blt 2003 Jinling selling for usd 4.4 mil. This has resulted in a reduction of feedermax values and more specifically a further reduction in how VesselsValue.com’s algorithms score Chinese yards for small container vessels.

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.

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. 2015 ytd S&P trends are also included.

Job of the week – VV Head Office

VV has a new job opening!
Greece Business Development – LONDON BASED

We are looking for someone ambitious and hardworking with long term commitment and vision to join the sales team in London. The successful candidate would manage an already well established Greek client base as well as finding new business in the Greek market.

See Spinnaker’s Job of the Week
Marine Consultant Executive, Houston

A leading consultancy, is looking to take on a Master Mariner with some surveying experience to undertake a wide range of audits, survey and investigations for clients including P&I Clubs, owners and underwriters.

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