Page 41: of Maritime Reporter Magazine (June 2017)

VesselsValue has seen a recovery in at in excess of $32 million (example sels in 2014. gains in market value, however the in- the Market Value for bulker values. 2012 blt Dong A Artemis). Our commercial arm, Seasure Ship- dustry is dealing with the fundamental

Over the last 12 months values have However, over the last month we broking are witnessing the beginnings issue of over supply. To counter this been stable, at close to 25 year low: have witnessed a softening in BCI of a softening market and for many in there has been a lot of slow steaming in February 2016 a 5 year old cape- rates from a peak of usd 20kpd in end the dry bulk space are wondering if over the last few months, which has size could be bought for $20.6 million March down to usd 10kpd today. The this is a dead cat bounce. affected the available capacity, but it (example K Foundation 2012 blt cap- total spent between Jan and April in There is also a similar story for the is a short term solution. This tactic size). But in the last 2 months, Bulker 2017 is in line with last year (see ? g smaller bulker vessels, such as the will have to be consistently employed values have increased by 50% and 5 2.), however it is a far cry from the panamax sector. Over the last few without the addition of any more ton- year old capesize are now being sold 2 billion USD spent on capesize ves- months these vessels have seen similar nage and continued scrapping. © a_medvedkov / Adobe Stock www.marinelink.com 41

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