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24 May 2018 The on-line newspaper devoted to the world of transports 16:02 GMT+2

May 21, 2012

Good time to buy new vessels, say shipowners

Kang Siew Li

SHAH ALAM (May 21, 2012): The global container shipping industry, which is seeing a gradual recovery in freight rates, is hopeful for a full recovery by the end of this year and this bodes well for those interested in buying new vessels.
“If you're in the market for new buildings as well as second-hand vessels, this is the time to buy. Prices are low and demand is soft,” Shipping Association of Malaysia chairman Ooi Lean Hin told SunBiz in an interview ......
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