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Secondhand values on the up

Secondhand values on the up
The secondhand market was showing signs of improvement, said BRL Shipping Consultants in its weekly report.

The secondhand market was showing signs of improvement, said BRL Shipping Consultants in its weekly report.

The secondhand market was showing signs of improvement, said BRL Shipping Consultants in its weekly report. In the tanker sector, the Aframax 'Trident Hope' (105,985 dwt/03) realised $42 mill, a rise of $6 mill on business last done. A similar scenario occurred with the sale of the products carrier 'Pro Giant' (46,732 dwt/04), which obtained $35 mill ? again a rise of $6 mill on business last done, although this sale came with a one year charter at $21,250 per day.

It was still possible to gain profits from newbuilding resales as illustrated by the sale of the 'Wildebeest' ? a 37,000 dwt products carrier due for delivery shortly from SLS Shipbuilding, South Korea.

Contracted at $26.5 mill, she has now been resold by contractor Unicorn Lines to a Japanese buyer for $37.5 mill. This sale comes with a two years timecharter back to Unicorn Lines at $18,000 per day.

www.TurkishMaritime.com.tr

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