Weekly Vessel Valuations Report, August 25 2026

This week's Weekly Vessel Valuations Report revealed a strengthening in values for Supramax vessels, buoyed by recent sales such as the Gramos and Global Oriole. Kamsarmax BBG Wuzhou, a 81,900 DWT vessel from 2016, fetched USD 29 million to Indian buyers at auction, with a Value Valuation (VV) of USD 30.8 million. The Ultramax Gramos, a 61,000 DWT vessel from 2019, sold for USD 34.5 million to Greek buyers, boasting a VV of USD 33.3 million.

Global Oriole, a 58,700 DWT vessel from 2012, was purchased by Chinese buyers for USD 19.5 million, with a VV of USD 19.1 million.

Tanker S&P values also saw a further increase for VLCC tonnage across the age curve, with ADNOC Logistics & Services continuing to show strong interest in older units, maintaining scarcity premiums. Hermes Ship Management's Hellstugutinden, a 299,100 DWT tanker from 2003, was sold for USD 57 million, a VV of USD 56.93 million. Meanwhile, Sonangol Namibe, a 158,400 DWT Suezmax vessel from 2007, was sold by Sonangol for USD 49.7 million, with a VV of USD 50.05 million.

CMB Tech sold Bristol, a 156,900 DWT Suezmax from 2024, to Naftomar Shipping and Trading for USD 123 million, a VV of USD 109.8 million.

MR2 On Promise and On Prosper, two 50,000 DWT vessels from 2026, were sold en bloc by Onex DMCC for USD 59 million each, with VV values of USD 59.1 million and USD 59.01 million respectively. MR1, a chemical/product tanker Maersk Kate (39,700 DWT, 2010), sold by Maersk Tankers AS, fetched USD 21.9 million, with a VV of USD 20.62 million.

The second-hand handy container market saw a rise as well, with Nordpuma (1,730 TEU, 2015) selling for USD 31 million and a VV of USD 25.9 million, and Fitz Roy (1,740 TEU, 2011) to MSC for USD 26 million, a VV of USD 23.4 million.