09/11/2015at 08:34

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.

BY OLE ANDERSEN

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

Already a subscriber?Log in here

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.

With your free trial you get:

Access all locked articles
Receive our daily newsletters
Access our app

Get full access for you and your coworkers

Start a free company trial today

Clarksons: Big decrease in dry bulk orders
For subscribers
New bulk giants could push Capesize out of key route
For subscribers
Shipowner buys vessels from himself in DryShips meltdown
For subscribers

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Front page now

Palle Laursen has spent almost his entire career at Maersk where he began as a maritime engineer in 1998. He now retires as chief of fleet. | Foto: Maersk

Container

Maersk's chief of fleet leaves after 25 years as reshuffling continues

Palle Laursen leaves Maersk after 25 years in the company. Another leader is also out the door, as Vincent Clerc continues to put his stamp on the shipping giant.

For subscribers

Lars Jensen is a shipping analyst and founder of consultancy Vespucci Maritime. In the future, he will write two opinion pieces for ShippingWatch a month. | Foto: Magnus Møller

Container

Opinion: Maersk and MSC heading for direct confrontation over customers

For subscribers

Tanker

New Russia sanctions could eventually leave Europe in drastic need of diesel

For subscribers

"Vi har nogle gange haft ry for at have et kortere aftræk end vores konkurrenter. Du kan godt regne med, at det ry vil vi gerne holde fast i," siger Jens Lund, driftsdirektør i DSV. | Foto: DSV

Logistics

DSV denies savings plan but is attentive to costs

For subscribers

Tanker

Euronav CEO defends decision to retain large dividend

For subscribers

Container

Freight rates out of China continue to plummet

End of 2M alliance could trigger a domino effect

A new reality on freight markets and a need for fewer ties could be main reasons behind MSC and Maersk terminating their partnership. More alliance dissolutions could be coming, according to shipping analyst.

For subscribers

Container

Maersk's chief of fleet leaves after 25 years as reshuffling continues

Palle Laursen leaves Maersk after 25 years in the company. Another leader is also out the door, as Vincent Clerc continues to put his stamp on the shipping giant.

For subscribers

Logistics

DSV sees one advantage of downturn: It will be cheaper to buy competitors

Acquisitions are decisive for growth at logistics group DSV, and with prospects of declining freight volumes, the prices of acquisitions will fall. DSV will use this to its advantage, according to CEO Jens Bjørn Andersen.

For subscribers

Latest news

See all

Jobs

See all jobs

Microsoft is in the process of discontinuing Internet Explorer – and so are we.
For a better experience, we recommend using one of the following browsers.

Kind regards,
ShippingWatch

Bulk asset values plummet again

Read the whole article

With your free trial you get:

Get full access for you and your coworkers

Related articles:

Clarksons: Big decrease in dry bulk orders

New bulk giants could push Capesize out of key route

Shipowner buys vessels from himself in DryShips meltdown

Sign up for our newsletter

Front page now

Maersk's chief of fleet leaves after 25 years as reshuffling continues

Opinion: Maersk and MSC heading for direct confrontation over customers

New Russia sanctions could eventually leave Europe in drastic need of diesel

DSV denies savings plan but is attentive to costs

Euronav CEO defends decision to retain large dividend

Freight rates out of China continue to plummet

Further reading

End of 2M alliance could trigger a domino effect

Maersk's chief of fleet leaves after 25 years as reshuffling continues

DSV sees one advantage of downturn: It will be cheaper to buy competitors

Latest news

Jobs

Jobs