AsiaDry Cargo

Japanese owners dominate dry bulk sales

Data provided exclusively by online pricing platform VesselsValue.com shows just how dramatically Japanese owners have been shedding dry bulk tonnage this year. News reports of Japanese lines selling bulkers have peppered Splash all year.

In the first seven months of the year, Japanese owners sold 83 vessels – equating to 6.82m dwt – for a total of $886.46m. Greece was the second biggest seller in the same period with 71 ships, totalling 4.9m dwt, worth $521.5m. Japan was also the top seller of bulk carriers in 2015.

The top three Japanese sellers in the year to date have been Sumitomo Corp, Daiichi Chuo and Nisshin Shipping.

Globally, dry bulk sales have accelerated in the first seven months of the year, according to VesselsValue.com with 323 ships equating to 24.4m dwt sold, whereas in the same period last year 251 ships equating to 19.07m dwt were sold. However, despite the increased volume of sales, the total price for all the bulker sales this year is down year-on-year.

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Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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