Geared bulker values surge on robust demand for modern vessels
MSI3 June 20261 Minute
Firm earnings and shipyards focussed on tankers have pushed five-year-old Ultramax values above newbuildings and equivalent-age Kamsarmaxes.
The latest HORIZON Monthly Dry Bulk Report from MSI notes that since the middle of 2025, bulker asset values have been steadily on the rise, with particularly notable gains seen within the Handymax segment (45-70k Dwt). Over the first four months of 2026, new, five-year-old and 10-year-old Ultramax prices increased by approximately 10%, 13%, and 20% respectively. Read more at Dry Cargo International