Splash Extra

‘Buyers see something on the horizon which economists cannot’

Why are people snapping up bulk carriers now when the markets are so depressed? Splash Extra investigates.

In dry bulk, brokers Gibson note that many buyers have elected to ignore the lacklustre freight market and “bite the bullet” with their acquisition plans. The majority of the vessels being reported sold are less than 12 years old, which would indicate that vessels of this ilk are hitting the “sweet spot” for buyers, Gibson reported, arguing that prices are unlikely to soften much further going into Q4 and given the age there is still trading time to benefit from the upside the market has in sto...

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