Dry bulk asset values rattling down day by day

Prices in the second hand market and the shipbreaking industry are so low that many owners could soon be in trouble, according to a new update from Intermodal Weekly Market Report.

Ship asset values in dry bulk are dropping day by day, and unless the second hand market changes significantly most players will end up in trouble, says Intermodal Weekly Market Report in its latest update:

"Any new deal surfacing the market is at significantly lower level compared to the previous last done. In this respect, some owners are accepting these new discounted levels, accepting the new asset level reality, whereas others prefer to withdraw their ships or chose to wait, hoping to find more eager buyers who can pay their aiming levels."

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
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

Further reading

Related articles

Latest news

See all jobs