Traditional markets greeted 2013 with increased activity and a newly-found appetite to buy,
quoting prices for highly desirable units that had not been considered achievable only few weeks ago. The bullish sentiment remained strong across the Sub-Continent with both India and Bangladesh leading the game, leaving Pakistani breakers slightly behind. The Chinese market has also continued the trend exhibited during past weeks quoting prices close to the ones found in the Sub-Continent and presenting an alluring alternative for Pacific based vessels. As tonnage supply is not expected to diminish any time soon, it remains to be seen whether market sentiment will hold.

(Source: Source: Athenian Shipbrokers S.A )

(Source: SEASURE SHIPPING LIMITED)