Bulkers:
One more quiet week in the second hand market. The BDI index managed to break the 600 mark midweek and even reached 637 points yesterday, however, today its positive run ended and started going south. We recorded a total of 7 transactions (2 capes, 1 panamax, 1 supramax & 3 handymaxes). Buying interest remain very limited, as asset values continue to soften.
Demolition:
Subcontinent market deteriorated further while we recorded 2 more capes going for scrap this quiet week. Bulkers of all sizes are getting levels below or about $380 per lt while the few tankers demo candidates are paid rates in excess of $390 per lt.
One more quiet week in the second hand market. The BDI index managed to break the 600 mark midweek and even reached 637 points yesterday, however, today its positive run ended and started going south. We recorded a total of 7 transactions (2 capes, 1 panamax, 1 supramax & 3 handymaxes). Buying interest remain very limited, as asset values continue to soften.
Demolition:
Subcontinent market deteriorated further while we recorded 2 more capes going for scrap this quiet week. Bulkers of all sizes are getting levels below or about $380 per lt while the few tankers demo candidates are paid rates in excess of $390 per lt.
CLICK ON THE LINK BELOW TO READ THE FULL REPORT IN PDF FORMAT:
http://www.seanews.com.tr/reports/lion_15_may_2015.pdf