Bulker sale-and-purchase markets are still open for business, but deals may take a while to materialise, one shipbroker believes.

Hanse Bereederung S&P and chartering broker Nikos Diakomichalis told TradeWinds: “The key to the dry bulk market is patience.”

He explained Hanse had been working a German-controlled bulk carrier that had been up for sale since the start of 2022, when the price was in the low $10m.