- Bulk carrier values are climbing steadily, driven by firm freight earnings and strong buying interest in mid-aged eco-designed vessels.
- Capesize ships are outperforming other segments, supported by robust long-haul iron ore and bauxite trades.
- Limited shipyard capacity and high newbuilding prices are boosting demand for modern secondhand tonnage.
- Transaction volumes remain strong, with 2025 marking one of the busiest years for bulk carrier sales since 2022.
Bulk carrier values continue to strengthen amid a steady rise in freight earnings, with capesize vessels leading the gains. Market analysts note that demand for mid-aged, fuel-efficient ships has intensified as owners position their fleets for regulatory compliance and long-term profitability. According to data and insights from Lloyd’s List Intelligence, the ongoing rebound in charter rates has directly translated into firmer secondhand values across key vessel segments.
Rising Values Reflect Strong Market Fundamentals
Bulk carrier asset values have surged sharply, driven by higher charter earnings and limited newbuilding availability. Capesize ships, benefiting from strong iron ore and bauxite trade routes, have outperformed smaller segments with average asset prices rising 6% in the past month and 140% over five years. The active secondhand market reflects this momentum, with 613 bulk carriers changing hands since the start of 2025 — the busiest year since 2022. Buyers continue to favor vessels between 10 and 15 years old that combine modern eco-designs with competitive pricing, helping them meet tightening emissions regulations. Robust demand from Greek and Asian owners, along with sustained freight market confidence, underscores the sector’s resilience and positive outlook for the remainder of the year.
Did you subscribe to our Daily newsletter?
It’s Free! Click here to Subscribe!
Source: Lloyd’s List Intelligence
