Supramax sales in the spotlight

Over the last couple of weeks we have seen the surge of interest on the Supramax/Ultramax sector, with numerous vessels of that segment under close negotiation and various transactions concluded, which demonstrate a somehow entrenched asset values landscape.   A flurry of sales has recently been reported with mainly Chinese-built tonnage (and some Vietnamese-built): m/v Glovis Maestro 56,670 dwt blt 2012 Tianjin Xingang (Tier II, SS/DD passed, BWTS-fitted) reported sold US$9.20 mill to Chinese buyers, m/v Iron Lady V 57,295 dwt blt 2011 STX Dalian reported sold US$8.3 mill but heard same failed,