Ship investments

This article is about investment behaviour in shipping: It is shown how investments follow the freight market and how uncoordinated actions of individuals sometimes leads to massive overcontracting with negative effects on earnings. The article argues that from a shipowner perspective, the investment behaviour is not rational, but from a transport user perspective it is an advantage to have risk-loving investors putting their money in shipping. The article finally argues that the lending policies of banks makes it difficult to time decisions correctly – banks will tend to lend in good times, when ships are expensive and not in bad times, when ships are cheap.

Emne: Maritime Economics & Policy

Ã…r: 2010

Magasinudgivelse: September 2010

Antal sider: 5

Størrelse: 512kb

DKK 20,00

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