Due to market uncertainty, overall sale and purchase levels for Bulkers have fallen year on year, with a decrease of c.58% and just 77 reported this year to date, compared to 182
Due to market uncertainty, overall sale and purchase levels for Bulkers have fallen year on year, with a decrease of c.58% and just 77 reported this year to date, compared to 182 for the same period last year. Since the US proposed fees to Chinese-built vessels entering US ports in February, sale and purchase levels for Chinese-built Bulkers has fallen by c.58% with just 62 transactions reported since February, compared to 146 for the same period last year.
Sales for Bulkers built in China fell from c. 42% in Q4 2024 to c. 33% in Q1 2025, falling below Japan who ranked first, representing c. 53% of sales in the first quarter of this year. Meanwhile South Korea, who traditionally specialize in building other vessel types such as LNG vessels, unsurprisingly ranked third with a share of c.14%.
China is currently the top builder of Bulkers; end-of-year data from VesselsValue’s latest report shows that in 2024, Chinese yards received three quarters of all Bulker orders.
Values for Bulkers are down year-on-year across almost all sub sectors and size categories. For example, 15 YO Panamaxes of 80,000 DWT fell by c.21.99% from the same period last year from USD 18.46 mil
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