Using VesselsValue‘s Future Market Value module, older tonnage is tipped to increase by the largest percentage from the first quarter this year through to Q1 in 2019.
Topping the list are 15-year-old handysize bulkers, which are predicted to increase in value by 33%, from $5.75m in Q1 2018 to a forecasted value of $7.63m in Q1 2019.
Coming in second are 15-year-old LPG vessels sized 35,000 cu m, forecasted to increase by 11%, and 15-year-old LR1 tankers are in third place, with a forecasted 9% increase over the next 12 months.
“The shipyard crisis deepened in 2017, as deliveries from the yards continued to outpace new orders. Higher steel prices and more ordering dampens the fall in newbuilding prices, and hence secondhand prices. Dry bulk has started its cyclical recovery, while tankers are lagging somewhat. This provides renewed demand for shipbuilding and rising newbuilding prices,” VesselsValue, the UK-based ship pricing portal, stated in a release.