Year-on-year bulker activity increased this January, with a total of 47 bulkers sold so far, compared to 42 in January 2023. Values across all bulker sectors rose.

“Spot rates are at historical highs for this period,” pointed out Rebecca Galanopoulos Jones, a senior content analyst at VesselsValue. For example, capesizes are up by around 270% year-on-year to just over $16,000 a day.

Headline S&P bulker transactions included the four-year-old Mineral Qingdao newcas...