Over the last few months, values of large bulker have greatly increased and this uptrend is said to continue further going forward.

According to DNB Markets, secondhand vessel value and newbuilding price of Capesize, particularly, have shown a great rise over the last week.

Resale price of Capesize bulker newbuilding is presently standing at around $54m apiece and brokers say that this is $2m higher than a week ago and about 35% higher compared to early this year.

Currently, newbuilding price of Capesize bulker comes at around $53m apiece, up by $2m from a week ago, and the uptrend is anticipated to continue with recording up to around $63m by late next year.

In addition, its secondhand vessel price will rise by around 25% over a year till the end of 2014, DNB Markets added.