Market Chat: Week 12 Using VesselsValue data, Rebecca Galanopoulos Jones, Senior Content Analyst, explores the latest trends in the Bulker and Demolition markets. You can read the full piece here.
Capesize values jump by 16%
“Since the start of March, Capesize values have surged across all age categories, but modern tonnage has seen the largest increase. These include values for 180,000 DWT vessels rising by c.16.38% from USD 53.05 mil to USD 61.74 mil, the highest levels since August 2022. Furthermore, as we enter the traditionally stronger second quarter, sentiment for Capesize vessels has soared, strengthening values first…” Read more.
Values for 0 year Capesize vessels over the last year.
Demolition prices in Bangladesh shoot up “Prices for recycling ships in Bangladesh have increased week on week for Tankers, Bulkers and Containers as cash buyers sought to secure tonnage. Bulker prices have increased by 30 USD/LDT to 620 USD/LDT WoW. Tankers have increased by 40 USD/LDT to 640 USD/LDT WoW. Containers have increased by 50 USD/LDT to 660 USD/LDT WoW…” Read more.
Demolition prices for Bulkers, Tankers and Containers in Bangladesh for the last 2 years.
