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News ID: 73237 |
Publish Date: 09:54 - 05 April 2017

Second-Hand Bulkers Continue Value Surge

Data from Shipping Intelligence and the Baltic Exchange show significant gains in dry-bulk assets.

Second-Hand Bulkers Continue Value Surge
According to MANA, Second-hand bulker values took a significant leap in the last month, according to new data released Monday.
New York consultancy Shipping Intelligence said that its index fleet of nine bulkers rose to a combined value of more than $108m, an 8.4% increase from the $99.9m value a month earlier.
That also represents a 59% jump compared to the same time last year.
The rising prices come amid surging time charter rates, with Shipping Intelligence estimating that the same group of ships would have collected a combined haul of nearly $105,000 per day on six to 12-month time charters. That compares to just $85,100 per day on 1 March.
Also Monday, the Baltic Exchange's Sale and Purchase Assessment for capesize bulkers jumped 29.1% in one month.
Tags: Bulker PRICE
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