That Sinking Feeling …

19 Aug 2016: Will vessel prices continue their relentless slide? Sometimes it is good to remind ourselves that we are involved in an unusual business. When a regular business owner evaluates if he should invest in new production capacity, he will consider the cost of the investment relative to the income that he can generate with the new production facility. Since investment costs do not typically fluctuate much in the short- to medium-term, the timing of his investment will largely be determined by the long-term outlook for the products or services he sells. In the bulk shipping industry it is different. For a shipowner, there are usually a few twists to the traditional capital budgeting process. Download here