Cover Your Asset

The low earnings and high bunker prices seen in the market as of late have created a challenging financial environment for many shipowners. However, for every cloud, there is a silver lining. For those taking the long view, depressed markets may present opportunities to acquire cheap assets. Those with cash see now as the time to spend it, but what to do when other owners are not quite willing to part with their tonnage at the price levels attractive to buyers? Despite the current oversupply, there are several factors at play driving owners to the yards for their fleet expansion and renewal plans, likely to the detriment of their collective futures. Download here