Bulkers:
The BDI index declined even further this week in the low 800’s and was halted today by acape driven boost at 831 points. The chartering market remains “anemic”, and in combination with thesummer holidays in Europe, we experienced one more week of slow s+p activity with 7 bulker sales (1cape, 3 panamaxes & 3 supras) changing hands, all gone to Greek and Chinese buyers.
Demolition:
Although the subcontinent markets have softened due to monsoon season, they are stillpaying very healthy levels (in excess of $450) and in combination with the terrible chartering marketare providing overage tonnage ship-owners with a very attractive alternative solution. Meantime, China & Turkey are now paying almost the same rates.
The BDI index declined even further this week in the low 800’s and was halted today by acape driven boost at 831 points. The chartering market remains “anemic”, and in combination with thesummer holidays in Europe, we experienced one more week of slow s+p activity with 7 bulker sales (1cape, 3 panamaxes & 3 supras) changing hands, all gone to Greek and Chinese buyers.
Demolition:
Although the subcontinent markets have softened due to monsoon season, they are stillpaying very healthy levels (in excess of $450) and in combination with the terrible chartering marketare providing overage tonnage ship-owners with a very attractive alternative solution. Meantime, China & Turkey are now paying almost the same rates.
CLICK ON THE LINK BELOW TO READ THE FULL REPORT IN PDF FORMAT:
http://www.seanews.com.tr/reports/lion_27_june_2014.pdf