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.
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.
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.