Tread the Greek path — buy assets low and sell when rates and prices are high

When an owner is planning a ship purchase what should be the criteria he bases his decision on?

We believe that spot charter rates should be a factor of minor significance in that decision. Going long on a commercial vessel is, by definition, a long-term investment and implies a long-term commitment. The definition of “long term” may indeed vary depending on different strategies but when we are statistically referring to a project horizon of five to 15 years, the long-term factor is undeniable.

So