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Secondhand ship sales on track for record year

2017 is shaping up to be a record year for secondhand sales volumes, according to the latest weekly report from Clarkson Research. Meanwhile, newbuilding activity remains at historically low levels.

These two opposing facts can be seen as an “indicator of the ‘market mechanism’ starting to re-balance industry fundamentals”, Clarkson Research posited.

The first eight months of 2017 saw 1,092 sales reported, of 64.4m dwt, according to Clarkson Research.

If this pace is maintained through the final part of the year, then the annual total will surpass the totals of 84.4m dwt recorded in 2014 and the 83.5m dwt seen in 2007.

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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