Comment / On the wires: Boxship boom turns to bust, bigly!

D 19722864 © Scheriton | Dreamstime.com

Who’d be an asset owner, eh?

The choice of whether to nobly suffer the outrageous slings and arrows of fortune or take arms against a sea of troubles… words spoken by Hamlet as he contemplated the pain and sheer unfairness of life might well strike a chord with today’s container ship owners, who are seeing the value of their assets plummet daily.

Returns on investment in new and second-hand vessels are also heading south as the weakness in the freight markets bleeds ...