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Dry bulk asset pricing Falling spot rates do not automatically reset ship values Freight rates price today’s cargo. Ship values price today’s cargo, tomorrow’s replacement cost, delivery scarcity, fuel efficiency,…

18-month survey clock A special survey due soon is not a future problem. It is today’s price negotiation. A ship with 18 months left before special survey still has earning…

Mid-year delivery can leave a carbon bill sitting between buyer and seller A ship sale used to close around price, inspection, deposit, delivery and documents. In 2026, a serious closing…

Charter coverage turns a vessel sale into a cash-flow purchase Two identical ships can sell for very different numbers if one arrives open and the other arrives with contracted earnings.…

The purchase option is the number hiding inside the bareboat rate I would not value a bareboat charter by the daily hire alone because the purchase option can quietly decide…

A cheap closing price can become an expensive first ownership cycle I would not judge an $18 million ship by the wire amount alone because the first 24 months can…

I would not accept a biofuel clause as a green add-on until the fuel, tank, warranty, testing, redelivery and FuelEU economics are priced line by line. Biofuel is now a…

I would not call the VLCC premium irrational until the shipyard wait, freight window, cargo need and exit value are all placed on the same page. Immediate delivery is becoming…

Drydock due soon can change the real purchase price fast I would treat a ship with drydock due in six months as a repair project first and a trading asset…

A five-year-old VLCC can cost more than a new one when the market is paying for earning time I would not look at the VLCC premium as irrational until the…