Bulk carrier values still rising despite freight market corrections
Asset prices of 10-year-old capesize bulkers have increased by 40% since end of 2023, while panamaxes have risen by 13%
‘The capesize market is structurally tight — not only are newbuilding deliveries slowing down to multi-year lows in 2024-26 but there are no VLOCs delivering until late 2026,’ said Braemar analyst Alexandra Alatari