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Dry Bulk Market Looking for Next Rally | Hellenic Shipping News Worldwide

Dry Bulk Market Looking for Next Rally | Hellenic Shipping News Worldwide
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Tanker Prices Moving Higher Despite Low Market Rates | Hellenic Shipping News Worldwide

Modern tanker tonnage prices have been trending upwards, despite the downturn of the tanker freight market. In its latest weekly report, shipbroker Intermodal said that “counter cyclical investments.” usually take place by investing in a “bad” market at the point that ensures that the acquired asset exposes the buyer less. This has always been the .

Tanker Acquisitions Gain Traction Despite Lackluster Market | Hellenic Shipping News Worldwide

Tanker Acquisitions Gain Traction Despite Lackluster Market A less than appealing tanker market hasn’t been enough to deter ship owners, keen to acquire modern wet tonnage, in expectation of a surge in demand and rates alike during the second half of 2021 and onwards to 2022. In its latest weekly report, shipbroker Intermodal said that “for an extended period, Dry bulk & Wet market rates have been diverging, with the SnP deals on each sector more or less tracking the market trend. However, since April, this trend appears to be revoked; despite a lackluster tanker freight market, tanker SnP transactions gained pace tracking the bulkers volumes. It is interesting to note, that older tankers units attracted the majority of SnP interest, contrary to bulkers, where the majority of transactions took place for 10Y old units and younger. Record high steel prices are supporting asset values across the board, despite the tanker market underperforming, with owners positioning for a market

Dry Bulk Acquisitions in 2020 Reached Similar Levels as 2019 | Hellenic Shipping News Worldwide

Dry Bulk Acquisitions in 2020 Reached Similar Levels as 2019 Despite the pandemic, deals for dry bulk carriers managed to reach over 500 during 2020, a level similar to 2019. In its latest weekly report, shipbroker Intermodal, “despite the market shock in the 1H2020 and the suppression of interest in SnP, the 2H2020 compensated for the previous standstill, with the number of dry bulk transactions surpassing those of the 2H2019. Excluding sale and leaseback, slightly over 500 SnP dry bulk deals took place during 2020, approx. the same number as in 2019. The average age of the fleet transacted was approx.11 years old. Japanese units were responsible for approx. half of the total, while Greek and Greek based buyers prevailed in more than 35% of the transactions. Once again, geared vessels transactions stood out (approx. 60% of the deals), while of note is that that after a prolonged period of subdued interest in Capesize, the sector revived towards the end of the year. Capesize deals

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