Bulkers: Summer is ending, unfortunately not with a bang; The BDI decreased further this week (from 994 to 903 points today). Although the dry market softens, we experienced one more active week in the second hand market with 15 bulker transactions (1 cape, 1 post-panamax, 2 kamsarmaxes, 1 panamax, 4 supramaxes, 1 handymax, 3 handies and 2 singledeckers). Greek shipowners remain the most active buyers despite the negativity of the recent China stock market crisis.
Demolition: Market has improved however we recorded just 2 bulkers going for their last voyage;Subcontinent rates have improved to excess $300/lt levels.
CLICK ON THE LINK BELOW TO READ THE FULL REPORT IN PDF FORMAT:http://www.seanews.com.tr/reports/lion_28_august_2015.pdf
Demolition: Market has improved however we recorded just 2 bulkers going for their last voyage;Subcontinent rates have improved to excess $300/lt levels.
CLICK ON THE LINK BELOW TO READ THE FULL REPORT IN PDF FORMAT:http://www.seanews.com.tr/reports/lion_28_august_2015.pdf