EXTRACTS FROM HELLENIC REPORTS

 Monthly Report of Ship Auction Market by Zehjiang Shipping Exchange 

JULY 2022

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In July, freight rates in the international dry bulk market declined, the Capesize was greatly affected with lower activities. The Panamax was generally stable, while the Supramax and Handysize performed active for the strong demand of grain. The domestic coastal transportation market was still fluctuating with few change in freight rates. Due to the decline in the international dry bulk market and lack of improvement in the domestic market, shipowners were mostly on the sidelines.There were 89 ships auctioned in July and 25 were sold with transaction rate of 28.1%. The total starting price was about ￥1273.86m, while the total transaction price was ￥487.97m.