Due to the overall declining shipping market, the international secondhand ship price underwent slight downturn in August.

Prices for secondhand bulkers and tankers continued the previous downturn, while secondhand containerships maintained stable level.

The secondhand S&P activities gained mild rise owing to the rebounding international dry cargo and container shipping market. Totally 111 vessels were changed hands in August, increasing by 26.14% against last month.

Conditions for different ship types varied against different market. Secondhand bulker carrier price dived greatly with totally 62 vessels traded in the whole month, gaining a 14.84 rise. For the sluggish tanker shipping market, secondhand tanker price dropped but S&P level kept the same level with last month with 11 vessels. Secondhand containership price was relatively stable but with rare transactions.