Shipping is at a turning point. We know that because there are strong advocates for investing heavily in this sector or that sector, for retaining funds a little while longer, for plunging into eco-newbuildings, for raiding the secondhand market, and for everything in between. Commenting at a Marine Money event last week on the easy availability of finance for maritime projects in New York and in Oslo, one analyst admitted (p10) he has no idea why so many new orders have been placed. "Are the ships on the water completely useless?" he asked.
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