Sliding earnings in April have done little to dampen buying appetite for secondhand bulkers, with notable activity seen even in capesizes, where the S&P buzz had been comparatively lagging.

Ships change hands at robust prices, underpinned by upbeat views on market prospects as newbuilding orderbooks remain low and Covid-related port congestion builds up again in China.

In the most characteristic deal talk making the rounds, clients of Valhal Shipping are said to have resumed buying with the $47.5m