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Ship Owners Are Snapping up Bulkers in the Newbuilding Market Ship owners are contracting more bulkers in the newbuilding market. In its latest weekly report, shipbroker Allied Shipbroking said that it was “another week with few dry bulk transactions coming to light in the newbuilding market, but with some very interesting underlining trends being shown. The main focus shifted this week on the order for 5+5 Kamsarmaxes placed by Nisshin Shipping, a size segment that has seen vivid interest from several buyers in the year so far. Despite the positive trends being noted in terms of freight rates over the last few months, new ordering activity has not ramp up to respective levels that one would consider when looking at past market cycles. However, persistent high earnings will inevitably push buyers over to the newbuilding market and thus we do expect activity to ramp up further over the coming months. In the tanker market, the disappointing freight levels continue to trim buying app

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