Bulker rates have pushed up for the past four weeks and are now covering costs, while asset prices are holding firm and in some cases are increasing.
“With a significant amount of the downward pressure having been alleviate - as earnings are now at much healthier levels and many in the market are starting to hold the belief that we have passed the worst of the storm - the amount of buyer looking to buy at bargain levels has not only risen but has also started to get itchy fingers and become a bit more 'trigger-happy' (as if they are in some sort of wild west movie),” said George Lazaridis, head of research and valuations at Allied.
