ShippingWatch

Alphabulk: Dry bulk carriers inflating ship values

Seven bulk carriers are booking their fleets at much higher prices than what the vessels can actually be sold for on the market, according to a review of their financial reports. Read here how many billions of dollars this gap comes to.

Seven of the world's major dry bulk carriers are booking the value of their fleets much higher than what these carriers could actually make on the vessels if they were to be sold on the open market.

This is evident in a review which Alphabulk has conducted of the prominent carriers. The carriers included in the survey are Diana Shipping, John Fredriksen's Golden Ocean, Oslo-listed Jin Hui, Hong Kong-based Pacific Basin, and the three US-based carriers Safe Bulkers, Scorpio Bulkers and Star Bulk.

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