As is often the case the graphs don’t necessarily tell the full story when it comes to S&P activity this month. On the face of it, looking at the VesselsValue chart below, readers would think brokers had been busy, but actually they’ve had to work hard to close deals. Owners are reassessing ship values - whether buying and selling - and there’s been some impasse on what constitutes a mutually agreed price for in-demand tonnage.
“It’s been quite hard to make anything stick,” says one As...
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