A stalemate in the secondhand market for bulkers is tilting buyers’ way as stubbornly sluggish freight rates are prompting some sellers to get rid of vessels across the size spectrum from capesizes to handysizes.
Those on the buying side, by contrast, are encouraged.
“Prices are already falling and we’re on the lookout for acquisitions if they drop a little further yet,” a Greek shipowner told TradeWinds this week.
