Bulkers have been changing hands at a growing pace over the past week, with market activity reaching levels unseen since the summer.
“We are seeing a constant influx of ships, both repeat sales candidates as well as newcomers,” Athens-based Doric Shipbrokers said in a report on 14 October, adding that offers “are bombarding our screens”.
With both freight rates and ship prices seemingly finding a bottom after market corrections and some benchmark deals providing orientation, buyers and sellers have found a meeting point.