Dry Cargo
Handysize sales pick up
After months of depressed reading, the tone in this week’s crop of broker bulker S&P columns contains an upbeat note, with most sellers of Japanese origin and handysizes being the most popular ship type traded. Increased sales come at a time where the Baltic Dry Index has picked itself off the floor and dry bulk stock prices have edged up too in recent days.
Clarkson’s Shipping Intelligence Weekly reported a total of four sales in the handysize segment last week.
Of note, Chowgule Steamship sold the nine-year-old 37,000 dwt Maratha Pride for a bit under $9m, while the one year younger Japanese controlled 28,000-dwt bulker, Wave Friend, was sold for $6.35m.