Weekly Vessel Valuations Report, September 29 2026

This week's weekly vessel valuations report, released on September 29, 2026, revealed a mixed outlook in the shipping market. Bulker S&P values remained stable across the board, with handy resales experiencing a slight decline due to reduced pricing for the Sider Bellezza. Notable sales included the Capesize vessels Houheng 5 and Houheng 6, both with a displacement of 262,000 DWT, which were sold to an undisclosed buyer for USD 144 million, with a VV Value of USD 151.28 million.

The Ultramax Indigo Breeze, a Handymax container ship measuring 60,400 DWT and built in 2017 by Mitsui Tamano, was acquired by Greek buyers for USD 30.5 million, reflecting a VV Value of USD 31.61 million. Meanwhile, the Handysize Sider Bellezza, a resale vessel with a 40,000 DWT capacity, was sold by Libera Corporation to an unnamed buyer for USD 38.5 million, with a VV Value of USD 38.63 million.

Larger crude values surged this week, continuing the upward trend from the previous week. The Suezmax Suez Protopia, built in 2008 by Samsung with a capacity of 160,400 DWT, was sold by Imperial Petroleum for USD 82.0 million, exhibiting a VV Value of USD 74.34 million. Similarly, the Suezmax Almi Galaxy, built in 2012 by Daewoo with a capacity of 157,800 DWT, was sold by Almi Tankers for USD 88.0 million, showing a VV Value of USD 83.48 million.

Aframax TP Affinity, measuring 114,100 DWT and built by Hyundai Samho in 2016, was acquired by TransPetrol Maritime Services for USD 73.0 million, with a VV Value of USD 80.72 million. MR2 Ocean Sunrise, a Handysize vessel with a 48,700 DWT capacity built in 2006 by Imabari, was sold by Seacon Tankers Shipmanage for USD 17.5 million, reflecting a VV Value of USD 15.88 million.

Container values for Panamax and Post Panamax vessels remained relatively stable this week. Interestingly, Handy and Sub Panamax container values experienced a notable upward trend, following the sale of the EF Emma. This container, with a capacity of 1,698 TEU and built in 2008 by Nordic Yards Warnemunde, was sold for USD 24 million, with a VV Value of USD 19.6 million.