Sale and purchase broker Gustav Andre Steimler tells TradeWinds WebTV the increase in values is coming as a surprise given the weak market.

Speaking at the broker’s new Oslo headquarters during its Nor-Shipping party, he explained: “First of all the avalanche of bank deals we all expected never really occurred.

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“Second we have the old-school, disciplined owner back on the court with the simple philosophy of buying when it’s cheap.

“Thirdly,