Japanese tonnage providers in the dry bulk space may have flooded the market with cut-price bulkers for most of 2020, but signs are emerging they are opting instead for shorter duration time-charters in the hope that vessel values will increase going into 2021.
Broking sources in Asia said on Friday that Miyazaki Sangyo Kaiun’s 82,100-dwt Energy Triton (built 2012) was withdrawn from sale and the Oita-based company was lining up a 12-month time charter for the bulker.
