Bulker carrier prices showed mixed conditions: prices for handysize and panamax have picked up slightly, handymax price kept stable while kasarmax and capsize prices both witnessed continuing decline. The different situations reflect different market demand for those ship types. The overall environment for bulkers remain sluggish, especially those small and medium shipyards which are strongly willing to offer low price. However, relevant indices clearly indicate that the downturn won’t go long.

The farsighted Greek owners have focused their cash in 35k dwt handy market this year. China-based Jinling Shipyard has just received an order for 6+4 handysize bulker at a value of $24m.