Owners of eco vessels make big profits by reselling

During 2013 newbuilding prices on eco-design vessels increased by 20 percent, and carriers are selling both ships and contracts at significant gains. But is it a good idea to invest in them, asks analyst agency.

Photo: Erria

Carriers and investors who during 2012 and 2013 invested in new eco-design vessels benefited from low prices, the best yards, and favorable payment conditions, while they also made deals that included options for additional vessels. And there is no doubt that they stand to benefit from this in the current market, says Intermodal in a new analysis.

"The prices have appreciated up to 20 percent within the last year, therefore, there is little doubt that in today's market these owners, (or investors as the case may be) have achieved a good return on their investment if they re-sold their contracts and there are a lot who have started doing it," says Intermodal.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

HMM doubled revenue in Q1

South Korean container line HMM follows the trend of European competitors, which have already presented their first-quarter financials. Revenue doubled in a significant surge.

Further reading

Related articles

Latest news

See all jobs