Ship prices remain firm despite freight rates retreating

Ship values remain on firm levels according to shipbrokers reports this week, despite the subdued mode of the freight market. Still, this pattern isn’t uncommon to market analysts and delegates, as they state that it’s common for freight rates and vessels’ prices not to follow the same sequence. In this spirit, sales particularly in the bulk sector remained on high volume levels with a mix between old and modern tonnage overall.
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Source: Nikos Roussanoglou, Hellenic Shipping News Worldwide