Selling on the top of the market must be a deeply satisfying event for a shipowner. Over the past few days there has been a lull, with only a small number of sales being conducted. With whole fleets recently changing hands, buyers and sellers probably needed a pause to re-evaluate strategies. One thing was clear, though. In every sector of the market, the price trend seems to have been headed downwards. Waiting until after Easter seemed the thing to do. This would open up the second quarter for action, so patience appeared to be the watchword.
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