Hellas: Ship owners absent from ship investing in the past week

Despite the positve comeback of dry bulk freight rates, as evidenced by the course of the Baltic Dry Index, Hellenic ship owners have been absent from the new building, as well as the secondhand vessel markets this past week. still, the week ended with 20 sales reported in the secondhand, as well as the demolition market, but this, according to Golden Destiny’s weekly report, suggest a 125% negative weekly change, with the overall market sentiment for bulk and tanker sector being in the doldrums, except for containers. After all, capesize spot rates are still well below break-even levels, as a result of newbuilding deliveries piling the market since the beginning of the year.
[Read More]
Source: Hellenic Shipping News