Shipping assets (vessels) are presently priced at historically low levels. Many pundits and shipowners have called for a ‘screaming buying opportunity’. And, it’s true, quite a few fortunes in shipping, in the past decades, were created by shipowners who expanded opportunistically at the bottom of the cycle. Probably, it’s not a bad time to invest in shipping, but there has to be more than just ‘what’s low, it goes up’ or ‘buy low, sell high’ in the investment thesis.
‘Ships are cheap: Please, think before you invest’ was originally published during Posidonia 2016 by the well-respected Greek business daily Η ΝΑΥΤΕΜΠΟΡΙΚΗ, in the special edition ‘Η Ναυτιλἰα των Ελλἠνων᾽, and reproduced here by permission. For more on Posidonia 2016, please feel free to visit our blog, Full Steam Ahead! The Maritime Blog.
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