Market Chat: Week 8

Using VesselsValue data, Rebecca Galanopoulos Jones, Senior Content Analyst, explores the latest trends in the Capesize and Tanker markets. You can read the full piece here. 

What’s the story with Capesizes? 

“The sale and purchase sector is far more optimistic in stark contrast to earnings, with 16 secondhand sales reported so far this year compared to 12 in the same period last year, an increase of c.33% YoY. This is supported by recent sales transactions, and benchmark values for Capes have increased across all age categories.”  Read more.

Greece offloading older Tankers

“Tempted by surging prices, Tanker sales from Greek owners have increased so far this year. There have been 29 Tanker sales, compared to just 12 for the same period last year, an increase of 141% YoY.”  Read more.