The Norwegian owner’s comeback in the segment last week continued with it paying $11.1m for the Tsuneishi-built, 82,000-dwt Ten Maru (built 2008) from Wilmar of Singapore.
“It will take time for the market to recover,” said Blystad dry cargo chief Herman Billung. On the supply side, he sees encouraging signs. “There has hardly been any ordering of bulkers this year and it will take time before owners will have confidence to contract new ships unless they have contracts.
