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Sale of second-hand bulk vessels at seven-year high

The number of sales of second-hand bulk vessels has climbed to a seven-year high, according to figures from Clarksons. More than 500 vessels have changed owners this year, writes Reuters.

Photo: Modelfoto/Colourbox

560 existing bulk vessels have changed hands this year and been sold onwards for an aggregate sum of USD 4.3 billion. This is the highest level of second-hand vessels sold since 2009, writes Reuters, citing a survey by market researcher Clarksons.

The large sales activity in used vessels is driven by the upswing in dry bulk rates.

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