While it’s not uncommon to see a lull during the holiday season some forecasters are surprised by how few bulkers, tankers and containerships changed hands in the fourth-quarter.
In a recent market briefing a top sale-and-purchase broker argued that the lack of bank financing is to blame for lacklustre activity as of late, particularly on the on the secondhand front.
“Asset prices are softening further to very attractive levels,” Lion Shipbrokers told clients Friday.
