Future of Shipowners
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