Bulk Carrier Market on the Rise: Notable Growth in Capesize and Supramax Sizes
The bulk carrier market is experiencing a significant surge, especially in the Capesize and Supramax sectors, with a notable increase in their values. Capesize vessels of 20 years reached their highest value since 2010, while newly delivered Supramax vessels also showed a rise. This growth is reflected in sales, which have more than doubled compared to the previous year.
The bulk carrier trading market has been dynamic, with a year-on-year increase of 35%, with a notable rise in Capesize vessel sales led by Greek buyers. Despite traditionally being a quiet period, the first quarter of the year was exceptional, with profits reaching seasonal highs since 2010.
Chinese trade has exceeded expectations, bringing a positive shift in global trade patterns, while concerns over security in the Red Sea have led to longer itineraries due to disruptions in transit through the Suez Canal, thus supporting bulk carrier revenues.
To read the full articile: https://www.mundomaritimo.cl/noticias/mercado-de-graneleros-en-alza-marca-destacado-crecimiento-en-tamanos-capesize-y-supramax