Using VesselsValue data, Rebecca Galanopoulos Jones, Senior Content Analyst, analyses the current trends in the Bulker and LNG markets. You can read the full piece here.
Handysize values moving up in October
“Handysize values have increased this month across most ages, following a period of decline. Values for generic 10 year old Handysizes have moved up by c.2% since the start of October to USD 16.70 mil. Interest in the Handysize sector has led Bulker sale and purchase activity accounting for 30% of all Bulker transactions. Spot rates for Handysizes are currently at 17,269 USD/day, compared to just 16,883 USD/day for a Capesize…” Read more.
LNG values skyrocket
“LNG values have continued their upward trajectory, with newbuilding prices for large LNG carriers up 20% year on year from USD 203.79 mil to USD 244.88 mil. As a result, the number of newbuilding orders placed are up c.92% from last year at 142 orders. Notable newbuilding orders include an en bloc order from Venture Global LNG for two 200,000 CBM vessels, scheduled to be built at Daewoo and delivered in 2026, contracted for USD 250 mil each…” Read more.
