Weekly Vessel Valuations Report, October 6 2026

This week, Panamax vessel values demonstrated a firming trend as evidence of robust pricing emerged across the market. Hinode Kaiun sold the Panamax New Wavelet, a vessel with an 82,000 DWT capacity built in July 2021 in Nantong, COSCO KHI, to an undisclosed buyer for USD 42.0 million, with a VV Value of USD 38.84 million. The Panamax Good Hope Max, built in 2005 in Sasebo with a 76,700 DWT capacity, was purchased by Chinese buyers for USD 12.5 million, while its VV Value was recorded at USD 11.5 million.

The Kamsarmax Babitonga, constructed in 2019 in Tsuneishi Zosen with an 81,800 DWT capacity, was sold to Sincere Navigation Corp for USD 38.5 million, with a VV Value of USD 40.22 million.

Meanwhile, values in the Supramax category for vessels like the Ipsea Colossus, built in 2011 in Kawasaki with a 58,800 DWT capacity, sold for USD 20.75 million, showed a VV Value of USD 19.5 million. On the crude tanker front, values continued to strengthen, buoyed by ongoing regional disruptions around the Strait of Hormuz and the Middle East.

The restart of Saudi Arabia’s East-West pipeline, following an earlier attack, redirected crude flows and removed a near-term cost overhang for Chinese-linked tonnage, courtesy of the US-China port fee truce. The Atherina, a VLCC built in 2011 in Hyundai Heavy Industries Ulsan with a 319,500 DWT capacity, fetched USD 146.0 million, with a VV Value of USD 146.78 million.

Similarly, the Poros, a Suezmax built in 2008 in Universal with a 150,200 DWT capacity, was sold for USD 80.0 million, with a VV Value of USD 74.59 million. The Nordic Freedom, a Suezmax built in 2005 in Daewoo with a 159,500 DWT capacity, sold by Nordic American Tankers for USD 65.0 million, with a VV Value of USD 66.29 million.

MR2 Pacific Onyx, a container vessel built in 2013 in Onomichi with a 50,000 TEU capacity, was sold to Asian buyers for USD 35.0 million, while its VV Value was recorded at USD 30.53 million.