Analysts at the Norwegian finance house suggest bulker stocks are presently reflecting a 30% crash in asset values.
Frode Morkedal and Herman Hildan note the stock market is pricing a five year old capesize at $29m and a panamax at $16m.
This compares with the post-crash physical low for capes and panamaxes of that vintage of $31m and $19m respectively seen in December 2012.
