The BDI is 3 points shy of breaking through the 600 barrier, as it is currently standing at 597points! The buying frenzy continuous for one more week with many transactions concluded atimproved levels and numerous inspections taking place.
Sub-Continent scrap rates remain firm to levels of $295-$300 for larger bulkers (panamax & capes) and beyond the $300 ballpark for bigger tankers & containerships. For an overview of the recycling market rates this week, please check comprehensive report through link below.
Download PDF document from the link below to see all the movements:
Lion Shipbrokers Market Report Week 15- 14 April 2016
Lion Shipbrokers Market Report Week 15- 14 April 2016-Second hand and demolition markets last week...