Bulker asset price expectations between buyers and sellers are closing again with strengthening market fundamentals suggesting limited downside to ship values, says Eagle Bulk chief Gary Vogel.

Eagle Bulk has been an active buyer in the past year and it sees plenty of opportunities available in the current market.

Vogel told investors today that as the market backed off after an active opening to 2017 the bid-ask widened in the S&P market without prices coming down greatly.