Lion Shipbrokers Market report 7 October 2016
Second hand activity continues at full pace as we understand numerous inspections and negotiations are taking place at firm levels.
China is closed for business (1st to 7th October), celebrating the "National Day Golden Week". After a sluggish start early in the week, the BDI increased to 921 points today, boosted mainly by cape index rally (BCI jumped by 206 points on Thursday alone). Twelve ships changed hands this week at improved levels as asset values are firming (1 kamsarmax, 5 ultramaxes, 1 supramax, 3 handymaxes & 2 handies).See full report: