What a 5 year old can tell you!

5 year old resale values:

A recent report from Seaport Global Securities (SGL) sheds light on current and past asset values.

Crude Tankers:

VLCC $63.0M down 20.2% ytd 2015 year end $80.0M

Suzi’s $45.0M down 25.0% ytd 2015 ye $60.0M

Afra’s $33.0M down 25.0% ytd 2015 ye $44.0M

Product Carriers:

LR2 $35.0M down 27.8% ytd 2015 ye $48.5M

LR1 $34.0M down 2.9% ytd 2015 ye $35.0M

MR $23.0M down 20.7% ytd 2015 ye $29.0M

Handy $20.0M down 20.0% ytd 2015 ye $25.0M

Dry Bulk:

Capes $24.0M down 17.2% ytd 2015 ye $29.0M

Pmax $13.8M down 11.3% ytd 2015 ye $15.5M

Soups $12.5M down 10.7% ytd 2015 ye $14.0M

Handy $8.0M down 33.0% ytd 2015 ye $12.0M

With the exception the LR1 class (-2.9%) all assets are in double-digit declines.

Next time your thinking of buying a vessel think long and hard about risk.