Monday, March 26, 2012

GNK


Genco Shipping Present Day Fleet Valuation:  The resale value of dry bulk vessels is considered utilizing the latest values from CRS. 

The GNK fleet has 9 Capesize vessels with the average age of 4 years old.  The oldest capesize vessel aged 5 years while the newest is 2 years old.  The combined value of these 9 vessels calculates to $341M.

            The GNK fleet has 8 Panamax vessels with an average age of 11.125 years old.  The oldest panamax vessel aged 14 years while the newest is 5 years old.  The combined value of these 8 vessels calculates to $130.8M.

            The GNK fleet has 17 Supramax vessels with an average age of 4 years old.  The oldest supra vessel aged 8 years while the newest is 1 year old.
The combined value of these 17 vessels calculates to $416M.

            The GNK fleet has 6 Handymax vessels with an average age of 14.33 years old.  The oldest handymax vessel aged 16 years while the newest is 11 years old.  The combined value of these 6 vessels calculates to $59.5M.

            The GNK fleet has 13 Handysize vessels with an average age of 7.3 years old.  The oldest handysize vessel aged 14 years while the newest is 1 year old.
The combined value of these 13 vessels calculates to $212M.

            The GNK fleet has a total combined present day value of $1,170.3M.  This does not include any consideration for the value of any period charter that may exist.  The average age is used for reporting only, and does not figure into any individual vessel value calculations.

Good Fortunes

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