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日本海事新聞ニュース Japan Maritime Daily May 16, 2025 (Fri)

The market price of secondhand bulkers appears to be bottoming out

Shipowners conscious of environmental regulations are purchasing young ships at high prices (photo shows Imabari Shipbuilding’s Ultramax)

　The market price of secondhand bulkers, which had been on a downward trend since last fall, appears ・・・続きはログインして下さいnext %E3%80%80The+market+price+of+secondhand+bulkers%2C+which+had+been+on+a+downward+trend+since+last+fall%2C+appears+to+be+bottoming+out.+Since+this+spring%2C+major+European+shipowners%2C+mindful+of+environmental+regulations+such+as+CII+%28Carbon+Intensity+Indicator%29%2C+have+been+purchasing+more+and+more+younger+ships+with+excellent+fuel+efficiency+at+high+prices.+Contract+prices+for+younger+ships+have+begun+to+rebound%2C+supporting+the+overall+market.+On+the+other+hand%2C+for+older+ships+that+do+not+have+ME+%28electronically+controlled%29+engines+and+therefore+do+not+have+high+fuel+efficiency%2C+buyers+appear+to+be+offering+even+lower+prices+to+reach+deals.+There+is+an+increasing+focus+on+environmental+performance+in+the+secondhand+vessel+market%2C+and+the+market+prices+of+young+and+older+ships+are+becoming+increasingly+polarized.%3Cbr%3E%E3%80%80%E2%80%9CFor+ships+that+are+5+to+10+years+old%2C+the+younger+the+ship+is%2C+the+younger+the+ship+is%2C+the+higher+the+sale+prices%2C+which+far+exceed+the+market+prices.+On+the+other+hand%2C+there+is+a+growing+trend+that+older+ships+built+before+2012+and+not+equipped+with+ME+engines+are+bought+at+significantly+low+prices.+The+overall+market+price+of+secondhand+bulkers+has+bottomed+out+or+is+even+rising+slightly+thanks+to+a+rebound+in+young+ships%2C+but+the+reality+is+that+the+market+is+becoming+polarized+between+eco-friendly+ships+and+non-eco-friendly+ships.%E2%80%9C%3Cbr%3E%E3%80%80A+shipping+broker+had+this+to+say+about+the+current+market+prices+for+secondhand+bulkers.%3Cbr%3E%E3%80%80Prices+for+secondhand+bulkers+have+soared+since+the+beginning+of+last+year%2C+reaching+their+highest+level+since+mid-2022+during+the+summer.+This+peaked%2C+and+from+the+beginning+of+autumn%2C+uncertainty+began+to+simmer+as+Greek+companies+began+to+hold+back+on+purchases.+As+the+dry+bulk+market+entered+a+period+of+adjustment%2C+the+downward+trend+for+all+ship+types+has+intensified+since+last+autumn.+%E2%80%9CThe+price+bottomed+out+in+February+and+March+of+this+year%2C+and+the+decline+has+begun+to+appear+to+bottom+out+since+around+April%2C%E2%80%9C+said+a+broker.%3Cbr%3E%E3%80%80According+to+statistics+from+Clarksons+Research+in+the+UK%2C+as+of+last+weekend%2C+the+prices+of+10-year-old+secondhand+vessels+were+as+follows%3A+Capesize%3D%2445+million+%28up+4%25+in+the+last+three+months%29%2C+Kamsarmax%3D%2425+million+%28up+3%25+in+the+last+three+months%29%2C+Ultramax%3D%2423.5+million+%28up+5%25+in+the+last+three+months%29%2C+and+Handysize%3D%2418.25+million+%28up+2%25+in+the+last+three+months%29.+All+prices+rose+in+April+and+have+remained+flat+or+increased+slightly+in+May.%3Cbr%3E%E3%80%80What+is+driving+up+the+overall+market+price+is+believed+to+be+the+increasing+number+of+high-priced+purchases+of+younger+ships+in+recent+months.%3Cbr%3E%E3%80%80%E2%80%9CAmong+leading+European+shipowners%2C+including+several+major+Greek+shipowners%2C+there+has+been+a+noticeable+trend+to+purchase+newer+secondhand+bulkers+at+prices+above+market+prices+to+respond+to+stricter+environmental+regulations+such+as+CII.+Prices+of+young%2C+modern+ships+seem+to+have+been+rising+since+the+latter+half+of+March.%E2%80%9C+%28the+broker%29%3Cbr%3E%E3%80%80Meanwhile%2C+downward+pressure+on+ship+prices+of+aging+bulkers+remains+strong.%3Cbr%3E%E3%80%80%E2%80%9CAlthough+there+are+many+older+ships+with+MC+%28mechanically+controlled%29+engines+built+before+2012+for+sale%2C+there+is+a+clear+increase+in+demand+for+ships+with+ME+engines%2C+which+have+higher+fuel+efficiency%2C+and+buyers+are+continuing+to+offer+lower+prices%2C%E2%80%9C+the+same+broker+said.%3Cbr%3E%E3%80%80The+prices+of+these+ships+around+12+to+13+years+old+could+fall+even+further+if+the+opportunity+to+sell+is+missed.+Therefore%2C+%E2%80%9Cthere+is+also+an+aspect+where+buyers+are+taking+advantage+of+sellers%2C%E2%80%9C+the+same+broker+said.%3Cbr%3E%E3%80%80The+impact+of+the+US%E2%80%99s+announced+plan+to+impose+port+entry+fees+on+Chinese-built+ships+appears+to+be+limited+on+the+secondhand+bulker+market.%3Cbr%3E%E3%80%80When+the+US+Trump+administration+first+announced+in+late+February+a+plan+to+impose+additional+fees+of+up+to+%241.5+million+on+Chinese-built+ships+each+time+they+entered+U.S.+ports%2C+%E2%80%9Cthere+was+a+temporary+movement+to+postpone+purchases+of+Chinese-built+bulkers%2C%E2%80%9C+according+to+the+same+broker.%3Cbr%3E%E3%80%80However%2C+following+the+announcement+of+the+port+entry+fee+system+in+the+middle+of+last+month%2C+the+widespread+view+has+been+that+for+Chinese-built+ships+owned+and+operated+by+shipping+companies+outside+of+China%2C+%E2%80%9Cthe+impact+on+bulkers+is+quite+limited%E2%80%9C+%28a+Japanese+carrier+official%29+due+to+exemptions+for+small+and+medium-sized+vessels.+At+present%2C+there+appears+no+one+takes+a+wait-and-see+approach+to+purchasing+Chinese-built+ships.%3Cbr%3E%E3%80%80Regarding+the+impact+of+the+US+Trump+administration%E2%80%99s+policies+on+the+secondhand+vessel+market%2C+some+say%2C+%E2%80%9CRather+than+the+port+entry+fee+system%2C+the+frequently+changed+tariff+policies+have+created+uncertainty+about+the+future+of+the+dry+bulk+market%2C+making+buyers+cautious+about+purchasing+ships%2C%E2%80%9C+according+to+a+broker.%3Cbr%3E%E3%80%80Although+the+market+price+of+secondhand+bulkers+appears+to+be+bottoming+out%2C+it+is+likely+to+remain+difficult+to+rise.%3Cbr%3E%3Cbr%3E%3Cbr%3E%3Cbr%3EDisclaimer%3A+The+English+translations+provided+through+this+service+are+the+result+of+translations+made+by+The+Japan+Maritime+Daily+or+automatically+and+mechanically+translated+by+The+Japan+Maritime+Daily+using+an+automated+translation+system+provided+by+a+third+party+after+certain+processing+of+the+Japanese+content+licensed+by+the+third+party.+In+terms+of+the+English+translation%2C+The+Japan+Maritime+Daily+and+MarineNet+Co.%2C+Ltd.+make+no+warranty+or+burden+of+any+kind%2C+express+or+implied%2C+including+its+accuracy%2C+reliability%2C+validity+or+fitness+for+a+particular+purpose.+MarineNet+Users+should+fully+understand+that+this+service+uses+an+automated+translation+system+that+automatically+and+mechanically+recognizes+and+analyzes+information+and+produces+results.+The+users+should+understand+the+above+conditions+before+using+this+service.%3Cbr%3E%3Cbr%3E%E5%85%8D%E8%B2%AC%E4%BA%8B%E9%A0%85%EF%BC%9A%E3%81%93%E3%81%AE%E3%82%B5%E3%83%BC%E3%83%93%E3%82%B9%E3%82%92%E4%BB%8B%E3%81%97%E3%81%A6%E6%8F%90%E4%BE%9B%E3%81%95%E3%82%8C%E3%82%8B%E8%8B%B1%E8%A8%B3%E3%81%AF%E3%80%81%E6%97%A5%E6%9C%AC%E6%B5%B7%E4%BA%8B%E6%96%B0%E8%81%9E%E3%81%8C%E4%BD%9C%E6%88%90%E3%81%99%E3%82%8B%E3%81%8B%E3%80%81%E5%8F%88%E3%81%AF%E3%80%81%E7%AC%AC%E4%B8%89%E8%80%85%E3%81%8B%E3%82%89%E4%BD%BF%E7%94%A8%E8%A8%B1%E8%AB%BE%E3%82%92%E5%8F%97%E3%81%91%E3%81%9F%E6%97%A5%E6%9C%AC%E8%AA%9E%E3%81%AE%E3%82%B3%E3%83%B3%E3%83%86%E3%83%B3%E3%83%84%E3%82%92%E3%80%81%E6%97%A5%E6%9C%AC%E6%B5%B7%E4%BA%8B%E6%96%B0%E8%81%9E%E3%81%8C%E4%B8%80%E5%AE%9A%E3%81%AE%E5%87%A6%E7%90%86%E3%82%92%E8%A1%8C%E3%81%A3%E3%81%9F%E4%B8%8A%E3%81%A7%E3%80%81%E7%AC%AC%E4%B8%89%E8%80%85%E3%81%8C%E6%8F%90%E4%BE%9B%E3%81%99%E3%82%8B%E8%87%AA%E5%8B%95%E7%BF%BB%E8%A8%B3%E3%82%B7%E3%82%B9%E3%83%86%E3%83%A0%E3%82%92%E5%88%A9%E7%94%A8%E3%81%97%E3%81%A6%E8%87%AA%E5%8B%95%E7%9A%84%E3%83%BB%E6%A9%9F%E6%A2%B0%E7%9A%84%E3%81%AB%E7%BF%BB%E8%A8%B3%E3%81%97%E3%81%9F%E7%B5%90%E6%9E%9C%E3%81%A7%E3%81%82%E3%82%8A%E3%80%81%E6%97%A5%E6%9C%AC%E6%B5%B7%E4%BA%8B%E6%96%B0%E8%81%9E%E3%80%81%E3%83%9E%E3%83%AA%E3%83%B3%E3%83%8D%E3%83%83%E3%83%88%E3%81%AF%E3%80%81%E5%BD%93%E8%A9%B2%E8%8B%B1%E8%A8%B3%E3%81%AB%E9%96%A2%E3%81%97%E3%81%A6%E3%80%81%E3%81%9D%E3%81%AE%E6%AD%A3%E7%A2%BA%E6%80%A7%E3%80%81%E4%BF%A1%E9%A0%BC%E6%80%A7%E3%80%81%E5%A6%A5%E5%BD%93%E6%80%A7%E5%8F%8A%E3%81%B3%E7%89%B9%E5%AE%9A%E7%9B%AE%E7%9A%84%E3%81%B8%E3%81%AE%E9%81%A9%E5%90%88%E6%80%A7%E3%82%92%E5%90%AB%E3%82%81%E3%80%81%E6%98%8E%E7%A4%BA%E5%8F%88%E3%81%AF%E9%BB%99%E7%A4%BA%E3%81%AB%E3%82%82%E3%80%81%E3%81%84%E3%81%8B%E3%81%AA%E3%82%8B%E4%BF%9D%E8%A8%BC%E3%82%82%E3%81%97%E3%81%BE%E3%81%9B%E3%82%93%E3%80%82%E3%83%9E%E3%83%AA%E3%83%B3%E3%83%8D%E3%83%83%E3%83%88%E3%83%A6%E3%83%BC%E3%82%B6%E3%83%BC%E3%81%AF%E3%80%81%E3%81%93%E3%81%AE%E3%82%B5%E3%83%BC%E3%83%93%E3%82%B9%E3%81%8C%E3%80%81%E8%87%AA%E5%8B%95%E7%9A%84%E3%81%8B%E3%81%A4%E6%A9%9F%E6%A2%B0%E7%9A%84%E3%81%AB%E6%83%85%E5%A0%B1%E3%82%92%E8%AA%8D%E8%AD%98%E3%83%BB%E5%88%86%E6%9E%90%E3%81%97%E3%81%A6%E7%B5%90%E6%9E%9C%E3%82%92%E5%87%BA%E5%8A%9B%E3%81%99%E3%82%8B%E8%87%AA%E5%8B%95%E7%BF%BB%E8%A8%B3%E3%82%B7%E3%82%B9%E3%83%86%E3%83%A0%E3%82%92%E4%BD%BF%E7%94%A8%E3%81%97%E3%81%9F%E3%82%B5%E3%83%BC%E3%83%93%E3%82%B9%E3%81%A7%E3%81%82%E3%82%8B%E3%81%93%E3%81%A8%E3%82%92%E5%8D%81%E5%88%86%E3%81%AB%E7%90%86%E8%A7%A3%E3%81%97%E3%81%9F%E4%B8%8A%E3%81%A7%E3%80%81%E3%81%93%E3%81%AE%E3%82%B5%E3%83%BC%E3%83%93%E3%82%B9%E3%82%92%E5%88%A9%E7%94%A8%E3%81%99%E3%82%8B%E3%82%82%E3%81%AE%E3%81%A8%E3%81%97%E3%81%BE%E3%81%99%E3%80%82%3Cbr%3E