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Failing banks cap S&P activity

Secondhand prices remain highly elevated, but confirmed deals have been hit by the demise of a number of banks this month.

In terms of absolute volumes it has been a relatively quiet month in the sale and purchase market, but, regardless, prices remain elevated. Across the board, owners have become nervous about the banks, brokers tell Splash Extra.

“Capesize values have firmed this month as a result of recent transactions that have set the benchmark,” said Rebecca Galanopoulos Jones, senior content writer at VesselsValue.

According to data from Xclusiv Shipbrokers, Greek buyers have been to the fore in the f...

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