Secondhand Capesize values firm as buyers return to the market
Improved earnings and a limited orderbook have supported asset prices for modern and mid-aged tonnage.
Sale and purchase brokers reported firmer values for secondhand Capesize tonnage over the past month, as improved spot earnings and a historically small orderbook encouraged buyers back into the market.
Modern eco-design vessels attracted the most interest, with several transactions reported at levels above recent comparable sales.
Mid-aged tonnage also found buyers, particularly among Greek and Chinese owners seeking exposure to a market where fleet growth is expected to remain limited.
Brokers noted that the gap between newbuilding and five-year-old prices remained wide, supporting demand for prompt secondhand tonnage.
Sale reports referenced are attributed to broker circulars and may not have been confirmed by the parties.
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