Aframax values hover near historical highs 

15YO Aframaxes valued at USD 40.04 mil in September 2023 In recent weeks there has been a slight correction in values based on the latest benchmark sales. However, year on year values for this sector are up across all age categories, for example 15YO vessels of 110,000 DWT are up by c.20.95% from USD 31.88 …

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Capesize sales equal record highs

Greek buyers have been the most active in this sector, accounting for c.29% of sales reported this year Although overall Bulker sales have been more moderate so far this year, the volume of Capesize sales has been moving in the opposite direction to the rest of the sector with sales up there next to the …

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Japanese owners offload older Capesizes

Values have fallen below USD 19 mil for the first time since July ’21 Author: Rebecca Galanopoulos Jones Capesize sales from Japanese owners have increased by c.20% year on year with twelve sales reported over the first seven months of this year. Approximately half of these sales were for larger vessels of over 200,000 DWT. …

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Half year Review: Cargo Newbuildings 1H 2023

Introduction Overall ordering levels have dipped in the first half of 2023 and, in comparison to last year, the number of new orders has fallen short of the record-breaking levels seen over the last two years. So far, 466 Cargo vessels have been added to the orderbook, a decrease of c.23% YoY. The Cargo sector …

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Half Year Review: Cargo S&P 1H 2023

Introduction   2023 to date has been one of the best years in recent memory for Tanker sale and purchase as values hover around 15-year highs. For other sectors, the pent-up demand following Covid has now abated but values have yet to correct back to pre pandemic levels. A combination of changing trade patterns and increased …

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Market Chat: Changing landscape of Tankers

Author: Rebecca Galanopoulos Jones The landscape for Tankers is now changing as older vessels, which have been the focal point for sale and purchase over the last year, have now become less attractive. Instead, buyers are seeking younger tonnage both from an investment point of view and in order to mitigate risk. Age of unknown …

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Market Chat: VLCC newbuilding values at 14-year high

Author: Rebecca Galanopoulos Jones Two VLCC orders were placed by Dynacom Tankers earlier this month, scheduled to be built at New Times Shipbuilding and delivered in 2026, in an en bloc deal for USD 115 mil each, VV value USD 112.87 mil. These are the first VLCC newbuilding orders to have been placed since January …

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