- Recycling markets face weak demand, dry bulk drops.
- S&P sales report notable bulkers and tankers deals.
- Newbuilding orders continue for methanol-ready vessels.
The Ultramax SAGAR KANTA (60,835 dwt, built 2013 Iwagi, Japan) was sold to Indonesian purchasers at US$19 million, after OMISHIMA ISLAND (61,398 dwt, built 2013 Iwagi, Japan) was sold for US$19.5 million. Both ships, with close docking positions, are indicative of the current softening of Ultramax values. A spate of new Ultramax...
https://mfame.guru/ship-market-declining-asset-values-and-tanker-sales/