Bulkers:
The BDI is slowly but steadily improving the past 3 weeks, it managed to break through the 500 barrier mid-week and today is standing at 539 points! As charter rates have improved, the light breeze of optimism created a buying frenzy with numerous transactions concluded and hundreds of pre-purchase inspections taking place.
Demolition:
Without any legitimate reason, Sub-Continent scrap rates have firmed to levels of $285-$295 for larger bulkers and beyond the $300 ballpark for tankers & containerships.
Download PDF document from the link below to see all the movements:
The BDI is slowly but steadily improving the past 3 weeks, it managed to break through the 500 barrier mid-week and today is standing at 539 points! As charter rates have improved, the light breeze of optimism created a buying frenzy with numerous transactions concluded and hundreds of pre-purchase inspections taking place.
Demolition:
Without any legitimate reason, Sub-Continent scrap rates have firmed to levels of $285-$295 for larger bulkers and beyond the $300 ballpark for tankers & containerships.
Download PDF document from the link below to see all the movements:
