Big plunge in dry bulk indices this week
Using data from Advanced Shipping & Trading this week
- 13 bulkers sold - 8 modern, 5 old. Most of the vessels have an upcoming DD/SS
- 12 tankers sold - 4 modern, 8 old. Seller advantage on the 4 Aframax sales
- More bulkers for Fredriksen-backed SeaTankers? Public entity GOGL has started taking delivery of similar-sized Kamsarmax vessels this year (1 has delivered, and a handful more come online this year.
- Yikes! $55M for an MR-sized vessel - Methanol fueled, I wonder if it is a conventional market or specialized (LPG, chemical)?
- Scrap rates holding up on generally older vessels.
ADVANCED-MARKET-REPORT-WEEK-21.pdf (hellenicshippingnews.com)