A NYK Line capesize bulker has been forecast to set a new benchmark level in the secondhand market as spot rates for large bulkers reached their strongest levels in a decade.
Offers on the Japanese-built, 181,356-dwt Frontier Phoenix (built 2011) are reported to be due later this week, according to shipbrokers.
“We are expecting a fresh benchmark to be set,” Galbraith's said in its weekly sale-and-purchase report.
