Ship owners return to the SandP market.

Position:Sales and purchase market

Normal service has been resumed, as ship owners have returned to the SandP market, lowering their "appetite" for newbuildings. In its latest weekly report, shipbroker Banchero Costa said that "two modern NewCastelmax, the Bulk Seoul and Bulk Shanghai, 208,000 dwt, built 2019 by New Times were reported sold to the Norwegian-based company Ocean Yield at $42mln each; the ships will go be BBB to the sellers for a period of 13 years.

An old Panamax, the Oregon 74,000 dwt, built 2001 by Oshima was sold to Indonesian buyers at 7.9mln. A Japanese-built Ultramax, the Shiny Halo built 2011 by Shin Kasado was sold to Empros Line around $16.5mln, the ships is...

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