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Bulkers’ Second Hand Vessel Prices on the Rise

February 23, 2024


With Capesizes leading the way, prices for second-hand bulkers have been rising steadily over the past few months. In its latest weekly report, shipbroker Xclusiv said that “since early October 2023, dry bulk second hand prices have gained momentum. The high S&P activity in many sectors, as well as the increased newbuilding prices, have driven the second-hand prices north”.

According to Xclusiv’s analysis, “the Capesize sector is experiencing a remarkable surge, with both prices and sales activity at high levels compared to recent years. Notably, 5-year-old, 10-year-old, and 15-year-old vessels saw their values jump by 18%, 27%, and 23%, respectively – the highest levels in the last five-year period.

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