Record year for S&P ‘feels like a false dawn’

Record year for S&P ‘feels like a false dawn’

More than 60% of respondents in an ongoing survey carried on this site believe the current markets do not justify the frenzied sale and purchase activity seen in 2017.

Earlier this month, Splash reported that 2017 is set to be a record year in terms of the volume of secondhand ship sales.

According to statistics from Clarkson Research the first eight months of 2017 saw 1,092 sales reported, of 64.4m dwt. If this pace is maintained through the final part of the year, then the annual total will surpass the totals of 84.4m dwt recorded in 2014 and the 83.5m dwt seen in 2007.

A majority of respondents to our latest survey, MarPoll, remain unconvinced about the rationale for all of this ship spending spree however.

“It feels like a false dawn,” one respondent commented while another person surveyed suggested the statistics were evidence of the cheap money still “sloshing around” shipping.

There’s a host of new topical questions posed in the latest MarPoll. Environmental matters rank high in this new poll. For instance, we ask readers whether IMO’s targets for its energy efficiency design index (EEDI) should be tightened. Elsewhere we ask whether the offshore market has finally bottomed out.

In all, there are nine questions posed in a survey that can be filled out in as little as two minutes (although we always appreciate readers leaving comments too). There is no registration for the survey either.

To take the survey, click here.

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