Moves on secondhand and resale bulker tonnage are escalating as ship prices fall to levels that have begun to appear irresistible to big-name owners with cash in their pockets.
Sale-and-purchase (S&P) brokers say there is heightened interest, particularly from Greek buyers, in capesize and kamsarmax bulkers of five years old or less.
Ships are getting 10 or more parties inspecting, one explains, and where previously buyers and sellers had been at something of stalemate on price, now deals are starting to trickle through.
