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.