In a week marked by significant transactions in the shipping industry, Capesizes bulkers have seen an increase in value, with several notable deals closing. On Tuesday, Neda Maritime purchased the Namura-built BC Contamines for $41.75 million, surpassing its VV Value of $38 million.
The Ultramax BC Zeyno, crafted by Yangzhou Dayang Shipbuilding, was also sold this week to undisclosed buyers. The vessel fetched a price of $22 million, slightly above its VV Value of $21.19 million.
Global Meridian made a significant acquisition this week, procuring Chengxi-constructed Handysize bulk carriers Fengning, Foochow, and Funing in an en bloc deal. The trio was acquired for $58.5 million, exceeding their combined VV Value of $56.35 million.
The tanker market has witnessed increased modern MR values with Euronav (NYSE:EURN)'s sale of VLCC 24x to Frontline (NYSE:FRO) for $2.35 billion, nearly matching its VV Value of $2.37 billion. In addition to this, the STX Offshore-built MR2 Evinos was bought by unknown Greek buyers for $33.70 million after passing SS/DD, almost reaching its VV Value of $33.31 million.
However, the container market experienced a slight depreciation this week. Secondhand values for 15-year-old assets for New Panamax and Feedermax fell by about 1.3% due to weaker earnings. No sales were reported in this segment this week.
These transactions underline the dynamic nature of the shipping industry and the fluctuating values of its assets. As the market continues to evolve, stakeholders will be keenly watching the trends and adjusting their strategies accordingly.
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