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Lion Shipbrokers market report 28 April 2016

We recorded a busy week before the various holidays around the world, as 13 units changed hands (1 caper, 1 kamsarmax, 3 post-panamaxes, 3 handymaxes & 5 handies) at significantly improved levels compared to last month. The full list of sales....

Lion Shipbrokers market report 28 April 2016

We recorded a busy week before the various holidays around the world, as 13 units changed hands (1 caper, 1 kamsarmax, 3 post-panamaxes, 3 handymaxes & 5 handies) at significantly improved levels compared to last month. The full list of sales....

Lion Shipbrokers market report 28 April 2016
01 May 2016 - 17:44

Bulkers: 
The BDI has broken also through the 700 barrier this week, however it closed minus 5 points today at 710, raising a few eyebrows for sure. 
Activity has slowed down mid week onwards due to the Greek Orthodox Easter and is expected to slow down further next week due to Labour day holidays around the world & Golden Week in Japan. Market's mojo is up (or it seems to be?) as well as ships' values. 
We recorded a busy week before the various holidays around the world, as 13 units changed hands (1 caper, 1 kamsarmax, 3 post-panamaxes, 3 handymaxes & 5 handies) at significantly improved levels compared to last month.
Demolition: 
Although Sub-Continent rates are still very healthy, many cash buyers are wondering ifthe peak has been reached. Caution is advised henceforth as India has started to soften. Turkey & China are paying up this week as their respective markets remain bullish.
Download PDF document from the link below to see all the movements: 

2016_04_28_lion.pdf


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