Page 35: of Maritime Reporter Magazine (June 2019)

world yearbook

BULKERS

BY OLIVIA WATKINS, HEAD CARGO ANALYST, VESSELS VALUE

NEWBUILD SECOND HAND three-year lows. This was represented DEMOLITION

Many Chinese companies have been To contrast the limited activity in the The bulker market as a whole has in the sale and purchase market with a stepping up in the bulker market with shown a softening in values over the break of 110 days when no deals were S&P market, 20 Capesize vessels have

COSCO Shipping and Avic leasing past year. The main reason for this is con? rmed. A break of this length has been con? rmed for demolition since placing orders at Chinese yards. Of due to the drop off in rates throughout never been seen in the market before. January 2019, mostly with delivery the total 313 bulk carriers ordered the ? rst quarter of 2019. Having said this, we have recently to Bangladesh. This compares to 17 over the past year, nearly 40% have In particular, the Capesize market seen an unusual sale of an ore carrier, vessels that were sold for demolition been Panamax vessels, demonstrating suffered a substantial amount over the Paci? c Glory, for $14.6 million through all of 2018 making them the the hot market. most popular bulker to be scrapped.the spring months with rates reaching of? oaded by MOL.

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