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May 21, 2012
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- Good time to buy new vessels, say shipowners
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- Kang Siew Li
sunbiz@thesundaily.com-
- 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.
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“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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