Greek buyers have been particularly active in the supramax market over the past few months, even those who have not had a presence in the sector before.
Tonnage built between 2008 and 2011 is proving particularly popular. “They [owners] still see values at attractive levels,” Athens broker Intermodal writes in a report.
Prices for 10-year-old supramaxes have jumped since the market bottom of early 2016, but not nearly as much as those of bigger ship types, which have more than doubled, according to Clarksons.
