In a daily market briefing Erik Nikolai Stavseth of Arctic Securities said asset values continued to slide in the final leg of 2014 because a seasonal upturn in earnings failed to materialise.
The forecaster, who is based in Oslo, noted five-year-old capes are currently commanding around $41.2m, which is approximately 18% lower than levels seen back in May.
In the same period, panamaxes of the same vintage have declined 24% to $20.8m,”
