‘Steel gives you optionality’: why bulker values don’t follow earnings
- Bulker asset values are at 2022 levels, but rates are not
- Owning vessels gives access to market ‘spikes’
- Steel might not make sense from a market perspective, but small and medium owners have much longer investment horizons
Bulker asset values do not match earnings at the moment, but with the options owning a vessel gives you, should they ever?
