Sale & Purchase

摘要

As 2008 has drawn to a close, it is time to reflect on a year that saw incredible volatility in values. The BSPA figures below indicate the roller coaster ride that took place: Start of January 2008: Capesize: US$149.982m Panamax: US$90,001 m Supramax: US$75.026m End-June 2008: Capesize: US$153.121m Panamax: US$88.257m Supramax: US$72.552m End-December 2008: Capesize: US$45.533m Panamax: US$27.308m Supramax: US$24.067m Values have now temporarily found a floor and ships that are willing to face the new levels are finding buyers. With prices having fallen 70-85% in 4q08, depending on age, many of the deals that had been concluded in the summer but with forward deliveries either failed or were renegotiated. Deposits of 10-20% and Clause 13 of the NSF 93 (buyers' default) proved insufficient to hold the deals together.