Bulkers:
Asset values have corrected significantly the past few weeks and are expected to correct even further. Several of our local clients argued that “bulker values are finally making sense" and that "it's a good opportunity to invest in bulkers" whilst they remain cautious due to the historically low charter market. We noticed an increase of buying interest this week recording a total of 12 transactions (1 kamsarmax, 2 panamaxes, 4 handymaxes, 4 handies and 1 singledecker).
Demolition:
Subcontinent markets remain depressed to levels below $400 per lt. The Chinese market is quiet, paying unattractive levels of $210-$220 per lt, while Turkey has firmed to $230-$240 levels.
Lion Shipbrokers second hand-newbuilding and demolition markets report-week 09-06 March 2015
Asset values have corrected significantly the past few weeks and are expected to correct even further. Several of our local clients argued that “bulker values are finally making sense" and that "it's a good opportunity to invest in bulkers" whilst they remain cautious due to the historically low charter market. We noticed an increase of buying interest this week recording a total of 12 transactions (1 kamsarmax, 2 panamaxes, 4 handymaxes, 4 handies and 1 singledecker).
Demolition:
Subcontinent markets remain depressed to levels below $400 per lt. The Chinese market is quiet, paying unattractive levels of $210-$220 per lt, while Turkey has firmed to $230-$240 levels.
Lion Shipbrokers second hand-newbuilding and demolition markets report-week 09-06 March 2015
CLICK ON THE LINK BELOW TO READ THE FULL REPORT IN PDF FORMAT:
http://www.seanews.com.tr/reports/lion_06_march_2015.pdf