Freight markets' lacklustre performance hurting ships' sales.


The less than optimum freight market conditions have started to hurt sentiment in the SandP market, not to mention the newbuilding market. In its latest weekly report, shipbroker Allied Shipbroking said that "the subdued activity resumed in the dry bulk market for another week, reflecting the increasing concerns regarding the recent freight market correction and the overall volatility being seen in the year so far. This past week we witnessed a limited number of second-hand units changing hands, with potential buyers taking a step back, awaiting to see if any clear bullish direction can take shape at this point. However, even if earnings start to rebound, it is...

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