Using VesselsValue data, Rebecca Galanopoulos Jones, Senior Content Analyst, analyses the current trends in the Tanker and Bulker markets. You can read the full piece here.Â
Tanker values at 13 year high
“Values for five year old VLCCs are currently at the highest levels since 2009. For example, 320,000 DWT, 5YO are currently valued at USD 95.74 mil, up 33.12% from the start of the year from USD 71.92 mil in January. Overall, Tanker sales have risen this year by c.12% with 1,026 transactions reported so far in 2022…” Read more.
Capesize values tumble since the start of 2022
“Values for Bulkers have fallen across all size and age ranges since the start of the year. In the Capesize sector, values for five year old vessels have fallen by c.7% since January from USD 45.86 mil to USD 42.6 mil. Despite this fall, values still remain above average levels, indicating that values could continue to correct lower if earnings remain under pressure…”Read more.
