TANKERS, DRY BULK & BOX

Morten Arntzen, chairman of Team Tankers

“We leave 2015 with very few enriched by, and even less in the public markets enamoured with, shipping. Shipping appeared on the distress scene following the world financial crisis as an easy flip, but has become a long-term hold or problem for many of those that ventured in.

“As the distress timing was deemed perfect at the time, managements didn’t matter and no newbuilding programme for eco ships was bold enough — 40-50-60-80 newbuildings, no problem.