EYES ON THE STREET
Hey I am for the first time here. I came crosswise this blog and I find It truly useful & it helped me out ample. I hope to give somewhat back and aid others like you helped me. Ships are answerable for moving about 80% of the world trade. The shipping sector closely follows the world GDP. Every about 5 years a cycle of boom and bust starts and end. For certain years trade is increasing and cargo prices soar so additional ships are erected at a higher cost. When request is seeing by the new ships an oversupply condition occurs, prices bead and building prices reach very low levels. That is a time when convinced ship-owners will order new ships in hope of the new boom.