RoRo Cargo Demand Drives S&P Transactions
After a slow start to 2021, there looks to be light at the end of the tunnel as demand for RoRos begins to surge post pandemic.
Dan Nash, Head of RoRos, explores what has been happening in the RoRo market with supply versus demand and heightened S&P activity providing an opportune climate for those looking to buy.
“Demand for freight has recovered, and S&P activity is warming up. Heavyweight’s Cobelfret and DFDS concluded a swap plus cash deal for the MELEQ (4076 LM, Apr 2017, FSG) and GOTHIA SEAWAYS (2475 LM, Oct 2000, Flender Werft) in April. The MELEQ was purchased by Cobelfret in January 2020 for €50 million, and has a VV value of €43.8 million today trading as the ACACIA SEAWAYS. The GOTHIA SEAWAYS has a VV value of €9.2 million, renamed the MAXINE by new owners Cobelfret. In March, the UNDINE (1604 LM, Dec 1991, Dalian) was sold in the mid to low €2 million range (VV at €2.17 million day before sale)…”
Read the full article here.
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