Lion Shipbrokers Market Report-Second Hand Sales and Demolition Markets
Bulkers:
Despite the summer holidays, the dry bulk market has maintained its positive momentum and have increased by 100 points since last week, currently standing at 1200 mark. As a result, weexperienced an active week in the second hand market with 10 bulk carriers changing hands (1 cape, 1 kamsarmax, 2 panamaxes, 1 supramax, 2 handies and 3 singledeckers), the vast majority sold toGreek summer shoppers.
Demolition:
Activity remains almost non-existent (one reported sale). Bulker shipowners are holdingout for better rates (i.e in excess of $300 per lt) while cash buyers are reluctant to offer anything close to $290 per lt for bulkers. For an overview of indicative recycling market rates, please check our comprehensive demometer.
Bulkers:
Despite the summer holidays, the dry bulk market has maintained its positive momentum and have increased by 100 points since last week, currently standing at 1200 mark. As a result, weexperienced an active week in the second hand market with 10 bulk carriers changing hands (1 cape, 1 kamsarmax, 2 panamaxes, 1 supramax, 2 handies and 3 singledeckers), the vast majority sold toGreek summer shoppers.
Demolition:
Activity remains almost non-existent (one reported sale). Bulker shipowners are holdingout for better rates (i.e in excess of $300 per lt) while cash buyers are reluctant to offer anything close to $290 per lt for bulkers. For an overview of indicative recycling market rates, please check our comprehensive demometer.
CLICK ON THE LINK BELOW TO READ THE FULL REPORT IN PDF FORMAT:
http://www.seanews.com.tr/reports/lion_07_august_2015.pdf