Demolition - Check Out Our Make or Break Scenario

摘要

In recessions shipping sentiment can sometimes have a slightly schizophrenic feel. The "more demolition" mantra crops up again and again at conferences, which is fair enough. But it makes a strange bedfellow for the "buy low sell high" brigade who are desperately searching for "cheap" ships. Ultimately these philosophies collide at the bottom of the market where demolition decisions are made.