Investigating the price ratio between newbuilds and five-year-old ships
“The stronger the earnings, the greater the premium buyers are willing to pay for secondhand tonnage compared to newbuilding prices,” explains Dr Adam Kent, the head of MSI. “Similarly,” he adds, “the higher the earnings the older the vessels owners are prepared to buy, that still attract a premium over the equivalent contract price.” Read … Continue reading Investigating the price ratio between newbuilds and five-year-old ships →