Ship buying sentiment starts to cool down as holidays approach

With Hellenic ship owners starting to ease off newbuilding orders and focusing more on the secondhand sale & purchase market, shipbrokers’ reports indicate fewer numbers of ships traded across the board, a trend which includes demolition activity as well. According to the latest weekly report from Golden Destiny, during the course the past week, a total of 46 sales were reported in the secondhand and demolition market. As prices are still firm, despite the latest downhill trend of the Baltic Dry Index, ship owners from Hellas appeared less eager to acquire more vessels.
[Read More]
Source: Hellenic Shipping News