The dry bulk S&P market has entered a new phase of momentum, with the kamsarmax segment leading a resurgent wave of transactions. A weeks-long release of pent-up capital, combined with bullish freight markets, has triggered intense competition for modern tonnage and lifted asset prices—bucking the usual summer slowdown.

Market sources report that bulkers previously struggling to meet last-done benchmarks are now drawing multiple bids. Kamsarmaxes, in particular, are the segment of choice, with recent fixtures showing firm price gains.

The 82,000 dwt Ultra Lion, built in 2015 at Tsuneishi Zhoushan, has been sold for just under $25m. Its slightly younger sister ship Ultra Puma changed hands earlier this month for around $500,000 more.

Meanwhile, two Chinese-built sisters, Shandong Fu Yuan and Shandong Fu Ren (Jinling 2018), have each fetched $24m each, reportedly from separate buyers. Another sister, just a year younger, secured $24.5m, while the 2019-built SDTR Dora achieved $24.8m in early June.