01-02-2011, 09:26 AM
i am not in the industry so no insider knowledge. but my thoughts:
1. china is intent on supporting its budding shipyard industry.
2. even though a supply overhang, some companies might value owning vessels for strategic reasons. chartering might be cheaper for the upcoming years but building a ship takes time and they might be looking at it long term.
1. china is intent on supporting its budding shipyard industry.
2. even though a supply overhang, some companies might value owning vessels for strategic reasons. chartering might be cheaper for the upcoming years but building a ship takes time and they might be looking at it long term.