Is it really the right time to buy ships?

When prices are down we should buy ships! Is this the right time? This has been an interest of mine since I learned about microeconomics.  It is the classic preference argument that says you are better off whether the market goes up or down (assuming enough liquidity).  You scale down when prices are high, and scale up when they are low, and you make your money off the capital gain, rther than the operation.  shipowners have been trying to do this for years, and many have been very successful. In particular, Greek shipowners have made this a specialty.

It actually works because they are able to operate the ships they do own efficiently. So they sell off the less useful ones when times are good, and buy ships for new market niches when there is a glut of ships.

Is it really the right time to buy ships?, International Shipping News, Shipping News, Hellenic Shipping News Worldwide, Online Daily Newspaper on Hellenic and International Shipping.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s