ShippingWatch

Bulk asset values plummet again

Diana Shipping's recent purchase of a Korean-built Capesize from 2011 for just USD 28.5 million illustrates that prices for the large dry bulk vessels continue to slide.

Photo: K Line

Asset values in the dry bulk sector look set to continue their slide.

Greek Diana Shipping, which is listed in New York and is seen by analysts as one of the most solid performers in the collapsed dry bulk industry, acquired a 2011-built Capesize last week for just USD 28.5 million - a price significantly below the recently announced transactions involving the major dry bulk vessels.

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