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Ageing handysize bulkers tipped as best bet this year

Ageing handysize bulkers tipped as best bet this year

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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.

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Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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3 Comments

  1. Alexander de Hoog
    January 10, 2018 at 9:26 am

    that’s 9,7% , not 33 ?

  2. Nick
    January 10, 2018 at 9:27 am

    Sam hi, a bit confused regarding the increase of 33% for 15 year old handies….surely the increase from 8.92m to 9.73m is much less than 33%. And what sizes are you are referring to? 28k blt 2003 are cheaper…

  3. Grant Rowles
    Grant Rowles
    January 10, 2018 at 9:46 am

    Hi both, the release used the wrong figure as compared to the graph provided by VV – so I’ve updated it using the correct figures. Hope it makes perfect sense now.