Despite a lull in the number of bulkers changing hands, their values on the secondhand market are showing no sign of easing.
Last-done levels for 13-year-old, Japanese-built panamaxes have climbed a peg more with the sale of the 76,600-dwt Lemessos Queen (built 2008).
The vessel has been sold to interests based in the Middle East at a price just below $19m, according to ship management sources in Athens.
