Large bulkers have seen the largest fall in secondhand values over the past year.
Prices for a five-year-old capesize have fallen 27% in the past twelve months to $44.6m, according to the latest Baltic Sale & Purchase Assessment.
However, values have done a lot better than rates. A year ago capesizes were earning around $48,800 per day. On Monday, it was about $5,800.
Secondhand prices for similar aged panamax bulkers have done little better and are down almost 19% year-on-year to $31.7m, the Baltic says.
Five-year-old supramaxes have seen the smallest decline in values over the past year, down about 10% to $27.7m.
In the tanker space values are also down, but not to such a degree, with VLCC values down only 5.8% to 82.2m, according to the Baltic.
A 2006-built aframax will now set you back around $39.3m versus the $42.7m seen a year ago, a decline of just under 8%.
The one bright spot has been the MR product tanker segment where values have actually risen by about 7% to $28.6m, Baltic figures show.