ShippingWatch

Platou: Shipping rebound right around the corner

A much lower fleet growth during the next two years will kindle a rebound of the market. An improvement is imminent, says analysts Platou in a quarterly analysis.

Photo: Masterbulk

The condition of the shipping industry right now offers attractive investment opportunities for shipowners prior to a potential rebound. Platou has for some time now been pointing at the fact that a low fleet growth would lend support to an improvement of the market. And this improvement now seems to be on the way, says Platou in its quarterly analysis.

As things are looking today, the attractive shipsyards are filled up well into 2016, which according to the analysts mean that even though many carriers have ordered new ships due to the attractive prices, the expected fleet growth during the next two years will be extremely low, in turn igniting a rebound of the market. Add to this the fact that the prices on newbuildings and second-hand ships look set to increase again, by around 10-15 percent and 20 percent, respectively.

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