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Sales of second-hand dry-bulk ships hit a seven-year high in 2016, with about 560 vessels changing hands for $4.3 billion through November according to Clarkson. Buyers are attracted by bargain prices as dry-bulk rates tentatively recover after a long downturn.
Fleet investment and a tentative rate recovery signal firmer dry-bulk freight demand, which lifts bulk shipping costs for grain and feed ingredients.
gcaptain.comReutersNov 29, 2016Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
