Clarksons says the stronger traditional shipowners are showing increased interest in the dry cargo sale and purchase market.

The world’s largest shipbroker said in its half year report the number of bulker deals fell during the six months to the end of June as buyers "remained nervous that a cheap vessel today may be an expensive one tomorrow”.

However, with values down around 40% prices have settled with prompt resales around 20% above the price of a newbuilding.