VesselsValue.com Weekly Newsletter 1 July 2015

Bunkering, Markets, Reports, Sales and Purchases, Ship Demolitions, Statistics, Stock Markets — By on July 1, 2015 at 4:27 PM

The Trumpet 24092014

Wednesday 1 July 2015
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CEO Richard Rivlin and TradeWinds Editor in Chief Julian Bray. Celebrating TradeWinds 25th birthday in Athens last week. Check out our blog to see what else the team got up to in Greece. Analyst Toby Mumford speaking at the Efficient Shipping Finance Seminar last week about which vessel types to buy, sell and hold in the current market.
All subscribers can now access bunker rates on the Market tab for free, supplied by Ship & Bunker. For more information or to register for a FREE demo please contact your Account Manager or sign up here. You can also read our weekly demolition round up in Ship & Bunker.

VV in the Press: Container Shipping & Trade

VesselsValue.com data and insight was recently used in Container Shipping & Trade in an article about rising Panamax values as a result of port congestion.

Read more VV in the Press Best of VV on our blog.

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.

Job of the Week

See Spinnaker’s Job of the Week: Technical Superintendent – Tanker/Bulk 

We are currently working with an internationally established ship management company who are looking for a Technical Superintendent to join their office based in Singapore!.

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A Strong Week for Tanker ValuesThe continued climb in rates has driven up the VLCC values further, after their large increases last week, though there have been no sales. The Zallaq 153, 000 dwt blt 2001 HHI has sold to Avin for USD 23 mil with prompt delivery, a price very slightly above last done. Afra values have climbed the most out of the tanker fleet with a number of sales of older tonnage. The Moscow Stars 106, 600 dwt blt 1999 NKK sold to Bakri Navigation for the firm price of USD 15.7 mil. The Kuban 106, 600 dwt blt 2000 NKK sold for the even firmer price of USD 17.1 mil to Soechi though she is on subs until Friday. These two sales have contributed to the significant rise in Aframax values. The Lion Spirit 105, 200 dwt blt 1997 Onomichi also sold this week at USD 9.3 to Middle Easterns, the lower price was because the vessel hadn’t been traded for 18 months and was dry docking due. MR values were slightly up due to the sale of the Elux Lucis 45, 800 dwt blt 2003 at usd 14.5 mil.Capesize values have fallen slightly due to the sale of the Kohju 172, 500 dwt blt 2001 NKK at USD 10 mil. Panamax values have risen again at the more modern end of the spectrum due to the sale of the United Challenger 82, 600 dwt blt 2008 Tadotsu, whereas values for older tonnage have dropped due to the sale of the Okyalos 73, 300 dwt blt 1998 Halla at US 4.5 mil to Chinese interests.Panamax Container values have risen with the en bloc sale from MOL of the MOL Encore, Mol Endeavor, MOL Endurance and MOL Enterprise 4, 646 TEU blt 2003 IHI at USD 14.5 mil each. Feedermax values have dropped following the sales of the Hub Gallardo 700 TEU blt 1998 Shimanami at USD 2.8 mil to Shreyas Shipping.
Read more of our Weekly Valuation round upshere.

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.

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