Dry CargoGreater China
Owners turn to Chinese bulker tonnage
With values increasing for Japanese and Korean built supramaxes, European-based buyers have begun to shift their focus onto Chinese built supramax bulker tonnage which is being traded on the S&P markets at a significant discount, Clarksons Research notes in its latest weekly report.
The Dolphin 57 design Flag Mersinidi was inspected by up to 15 buyers at the beginning of this month. The ship, built four years ago for Greece’s Golden Union at Cosco Guangdong, has since been sold to Tomini Shipping for $8.5m.
Many owners have indicated to Splash in recent weeks that Chinese bulker tonnage is now becoming competitive as Japanese tonnage in particular begins to get priced out of the market.