Fearnley: Dry bulk asset values plummeting
The tough dry bulk market with rates under massive pressure has forced the value of dry bulk vessels down over the past year. Many carriers are converting dry bulk vessels into tankers, reports Fearnley.
BY KATRINE GRØNVALD RAUN
Dry bulk asset values have dropped significantly over the past year. Dry bulk carriers' vessels have lost more than 50 percent of their value, notes Fearnley in a new analysis of the market, which has forced numerous carriers to impair their book asset values.
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