A new report on vessel valuation published on November 3, 2026, shows significant changes in the maritime transport market. According to this report, the value of Capesize and Supramax vessels is on the rise, while the value of Panamax and Handymax vessels has slightly decreased.
Changes in the Value of Capesize and Supramax Vessels
Capesize vessels, particularly the Cape Alliance, have been traded at prices higher than projected values. This vessel, with a capacity of 180,000 DWT, was sold for more than its VV value, indicating a boom in the profitability of this type of vessel. Additionally, Supramax vessels have also been sold at prices exceeding projected values due to high demand and limited supply.
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For instance, the Kamsarmax Panorama vessel (with a capacity of 81,500 DWT), built in February 2012, was sold by F Maritime for $20 million with a VV value of $22.03 million. Similarly, the Ultramax Delmax 66 (66,600 DWT, May 2026) was traded for $47 million with a VV value of $46.40 million.
Stability in the Tanker Market
In the tanker market, values have generally remained stable. Buyers continue to purchase despite historically high prices. Strong activity in the secondary market and tight supply of VLCC vessels have bolstered positive sentiment in the market. However, lower revenues in the Suezmax and Aframax sectors have limited upward pressure.
The MR2 LS Neptune vessel (50,500 DWT, February 2007), sold by Allsea DMCC JSC for $20.2 million with a VV value of $20.44 million, is an example of these transactions. Smaller vessels like Golden Pine (18,500 DWT, September 2026) and Golden Oaktree (18,500 DWT, May 2027) were each sold for $36.5 million.
This report provides a clear picture of the current state of the vessel market, especially regarding Capesize and Supramax vessels, and indicates increasing demand and positive sentiment among buyers.
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