The confluence of a credit squeeze, fallen charter rates and ailing equity markets appears to have set off a wave of consolidation. While many have been enjoying the good times, there has been no shortage of market players looking forward to the day when vessel values would reach their peak and begin to descend. This makes vessel acquisitions more attractive, while stock prices that have fallen below NAV almost across the board are making public companies look like increasingly attractive targets.
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Tags: · Capital Maritime & Trading, Capital Product Partners, Capital Shipbrokers, China Shipbuilding & Offshore International, Dalian Shipbuilding Industry Co, DnB NOR Markets, HSH Nordbank, ICAP Hyde, Jinhui Shipping & Transportation, MJLF, Seacastle
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