Fu­ture of Shipown­ers

Financial Mirror (Cyprus) - - FRONT PAGE -

Monday’s third dis­cus­sion ex­plored “What does the fu­ture hold for Shipown­ers”. Ge­orge Mouskas, Mem­ber of the Ex­ec­u­tive Com­mit­tee of the Cyprus Union of Shipown­ers was the moder­a­tor with the panel com­pris­ing An­dreas Had­jiyian­nis, Pres­i­dent of the Cyprus Union of Shipown­ers, Panos Laskaridis, CEO of Lavinia Cor­po­ra­tion / Laskaridis Ship­ping Co Ltd and Ge­orge Pro­co­piou, Chair­man of Dy­na­com Tankers Man­age­ment Ltd.

The pan­el­lists said that the mar­ket is im­prov­ing and that the very bot­tom ship prices be­long to the past. There is a sub­stan­tial in­crease in the dry cargo ships’ rates and a slight in­crease in the rates for con­tainer ships thus the fu­ture looks promis­ing.

The sup­ply and de­mand of bulk car­ri­ers seem sat­is­fac­tory. Shipown­ers are not dis­cour­aged from or­der­ing new ships but they should do so pru­dently and wisely. It was noted that the pre­ced­ing year was a record year for scrap­ping of ships

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