With a lack of capacity in a number of shipping sectors, there is a good case for shipowners to keep adding tonnage via second-hand purchases or newbuilding projects, says Christian Zachariassen, managing director of shipbroking house Andreas J. Zachariassen. However, competition is fierce, hence quick decision-making will be key this year. With hindsight, what were the best S&P-transactions over the last year, what were the worst? Christian Zachariassen: Of course all deals done via us were the best! Jokes aside, in terms of purchasing, all deals done in the container and MPP sectors were extremely good as the market has continually risen over the last 1.5 to 2 years. Consequently, I would call most selling deals ?less good?, but I would strongly condemn the use of ?worse? transactions as selling in a rising market and turning over profits is never a bad thing. On a concrete note, it brings to mind the purchase by my former company Leonhardt & Blumberg, where I did my apprenticeship as a young man, of two Aker 1,700 TEU vessels built 2008 for a rather low price as a prime example of timing and courage.
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