The remarkable recovery in dry bulk freight rates has spawned sale-and-purchase deals at a brisk pace for a second consecutive week, with larger ship types moving centre stage.
Potential sellers who held back in recent weeks when vessel values were lower now apparently feel that prices have climbed enough to let their ships go.
A characteristic example is the 176,900-dwt New Stage (built 2008), which brokers in the US and Greece report as sold to Chinese or Greek buyers for $16m.
