Tanker acquisition opportunities going ‘begging’

Tanker acquisition opportunities going ‘begging’

Interesting tanker acquisition opportunities are going begging as owners take fright from a declining spot market, Clarkson Research argues in its latest weekly report.

“The lack of activity cannot be attributed to a lack of interesting sale opportunities and is perhaps more a reflection of the lacklustre spot markets in which tankers are having to trade,” Clarkson Research noted, explaining that buyers often require a stronger earnings environment to entice them into a more aggressive buying mode.

“[F]or the more speculative players one wonders whether on reflection and with the benefit of hindsight, the summer of 2017 will be seen as a period when some interesting opportunities went begging,” the researchers mused.

Spot earnings across most tanker sectors have more than halved since the start of the year.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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2 Comments

  1. Andrew Craig-Bennett
    July 24, 2017 at 1:58 pm

    I may not be very bright, but surely, if the owner’s price idea is too high to attract the buyer, there is no “opportunity going begging” – there just isn’t any chance of a deal.

  2. Michael Corey
    July 24, 2017 at 4:59 pm

    Translation from the Ship Broker’s 101 handbook.

    There are no willing Buyers nor Sellers.

    Worst written article ever. Perhaps you can get a job
    with the New York Times.