Page 76 - ΝΑΥΤΙΚΑ ΧΡΟΝΙΚΑ - ΣΕΠΤΕΜΒΡΙΟΣ 2022

SHIPYARD INDUSTRY / ANALYSIS

CHANGES IN

VESSEL VALUES

IN THE FIRST HALF

OF THE YEAR

Edited by: Manos Charitos
Data provided by: VesselsValue

er-sized Supramax and Handysize vessels’ values
remained at levels similar to those prevailing at the
beginning of the year. The bulk carrier freight mar-
ket booked positive growth during the year’s first
half, and despite the downward trend recorded in
the past few weeks, its short-term outlook remains
positive.
At the same time, medium or smaller container-
ship newbuilds values have remained relatively
like those at the beginning of the year, except
for those of 23,000 TEUs carrying capacity, which
registered a 5.82% increase. The containerships
freight market entered 2022 dynamically, continu-
ing on the explosive course it started in 2021. At
the end of February, the first signs of a correction
appeared and gradually intensified. Sector prof-
itability is expected to remain high throughout
2022, although it is predicted that the container-
ship market will face supply-focused challenges
from 2023 onward.
So far this year, the tanker market has recorded a
significant increase in vessel values, particularly
in smaller and larger-sized vessels, relative to
bulk carriers and containerships. In the year’s first
half, the value of newly built LR1 and MR tankers
increased by 10.21% and 8.97%, respectively, while
the value of VLCC newbuilds went up by 8.19%. The
tanker charter market, characterised by sluggish-
ness in the first half of the year, is now showing
signs of growth, and there is optimism about its
Vessel values have been on an upward trend since short-term outlook.
the beginning of 2022. According to recent Ves- At the same time, LNG carrier values have
selsValue data, provided exclusively to Naftika increased significantly, except in the case of

Chronika, larger vessels recorded the most sig- small-size vessels. In particular, the value of newly
nificant increases in value among all vessel types. built Qmax LNG carriers with a 266,000 cubic

In the first half of the year, the value of Capesize meters transport capacity increased by 11.87% in
and Panamax newbuilds went up by 6.85% and the year’s first half. The values of LNG carriers
4.68%, respectively. On the other hand, small- with a transport capacity of 215,000 cubic meters

76