Having a completely new fleet of project ships, Clipper is now focusing its future investments on its other important pillar, the bulk segment. It is only a matter of time before the investment will be made as the big question presently is when the market will touch bottom and the tide will turn. Even though market timing is not an exact science it is at exactly at this point – just before the tide turns – that investments must be made.
“Let me say it this way; our next order will be in the bulk segment and it is only a matter of time before we will make the investment. We have considered and evaluated a number of different bulk designs within the past 15 months and in this period of time, prices have fallen by approximately 20 percent. Now we wish to wait to see if prices have hit rock bottom or not. We expect that prices may fall further and that the optimal time for investment will occur during the second half of 2012 or the first half of 2013”, Clipper Group partner, Henrik Lund Dal, says.
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