# Bargain Prices, Rising Cargo Rates Lift Second-Hand Ship Sales

> 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.

- Date: 2016-11-29 · published 2016-11-29T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/73780-bargain-prices-rising-cargo-rates-lift-second-hand-ship-sales
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Fleet investment and a tentative rate recovery signal firmer dry-bulk freight demand, which lifts bulk shipping costs for grain and feed ingredients.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- gcaptain.com: https://gcaptain.com/bargain-prices-rising-cargo-rates-lift-second-hand-ship-sales/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.