Chinese-built capes commanding big numbers
A rare finding has emerged in this weekend’s broker reports that are still filled with cape sales， creating an atmosphere where positivism rules.
This week， Chinese-built tonnage is being sold at the same level as Japanese-built tonnage was sold at the beginning of the month. The cape deal of the week was completed by Greek owner Alassia Newships， selling the 12-year-old 177，000 dwt Cymona Iron， a scrubber-fitted bulker built at Shanghai Waigaoqiao. Brokers note that the ship fetched just under $27m.
In comparison， the similar-sized， same-aged but scrubberless AM Gijon， built at Mitsui Ichihara， sold for just under $26m earlier this month.
The price tags attached to the two deals show firming prices at a time where rates have been hitting $30，000 a day for the first time this year.