Brokers are well known for their colourful language, but how best to describe the shocker of a month that has ensued in the sale and purchase world this May? Kudos to one Asia-based broker for this description of the dire times: “It's felt a bit like trying to climb a flaccid rope.”
It's not been easy to make fire as the sticks being rubbed together are drenched
Take a look at the chart from VesselsValue below - it neatly sums up the situation; the quietest May for concluded ship sale...
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