Sale-and-purchase (S&P) sources say buyers are staying away from ship inspections and waiting for prices to fall to provide a new and lower last-done-deal figure, while sellers are sticking to their guns.
Shipbrokers point to several recent sale attempts of quality panamax tonnage that have failed to go through as symptoms of the stand-off.
The K Line-controlled, 76,600-dwt Mishima (built 2002) has been withdrawn from the market after two prospective buyers offered much less than the Japanese owner’s price ideas, which are said to have been in excess of $20m.
