Investigating the price ratio between newbuilds and five-year-old ships
At last month’s Maritime CEO Forum in Monaco, John Michael Radziwill, who heads up C Transport Maritime, posited that normally shipping cycles work whereby orders flood in when the price of a five-year-old ship exceeds a newbuild cost. Right now, there’s still a gap, 83% for capes, 85% for panamaxes while supramaxes are at 97%, …
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