ShippingWatch

Chinese dry bulk vessels sold at spot prices

According to Platou Markets, dry bulk vessels built at Chinese shipyards are sold at prices 20 % lower than those of similar vessels from Japanese or Korean shipyards. It may prove a costly affair for the many companies building ships in Chinese shipyards during the boom period. New figures show that dry bulk vessels which are only a couple of years old are sold at prices which are considerably lower than it is the case of ships built at shipyards in Japan and South Korea.

Photo: Hempel

Bulk carriers having a big fleet of ships built in China may expect big losses on their ships even though they are only a few years old when they and actors from many other shipping sectors have to change to new and more fuel-saving vessels due to extremely high oil prices.

Chinese built dry bulk vessels are now sold at a considerable discount, the market analyst company Platou Market published yesterday. Recent figures show that vessels built at Chinese shipyards are sold at prices up to 20 percent lower than those of similar ships from Japan and Korea.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Several factors explain the plummeting dry bulk rates

Dry bulk rates have taken an unusual dive at the beginning of 2022. Most recently, the Baltic Dry Index dipped by 4 percent Friday. Several factors have triggered a ”panic in the market,” an analyst explains to ShippingWatch.

Related articles

Latest news

See all jobs