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Market Update

Bulk Carrier Sale & Purchase (S&P) Activity

Published: January 9, 2026
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Bulk Carrier Sale & Purchase (S&P) Activity

Recent market moves:

  • Stable values support deals: Bulk carrier values have held firm amid freight volatility, helping underpin S&P transactions — e.g., a 2012-built Capesize Fortune Violet sold around US$34 million in recent periods. 
  • Owners returning to market: Established names such as Thenamaris have re-entered the dry bulk second-hand market, adding modern Kamsarmax tonnage — indicating appetite among strategic buyers. 
  • Greek owners driving trade: Greek-controlled sales accounted for a significant portion of recent bulk carrier deals, including multiple Panamax transfers — showing active owner participation despite market caution.  Media
  • Capesize values strong historically: Larger bulk carriers, especially Capesizes, have seen second-hand values reach multi-year highs, though overall transaction activity can fluctuate with freight expectations.