In a general overview about thesegment Jonathan Chappell of Evercore Partners said the “multi-year trough”appears to be “squarely in the rearview mirror” but warned that the road torecovery is unlikely to be smooth.
“We believethat the supply/demand balance of this fleet will begin to tilt in the favor ofowners in 2014, with a more material rate and asset value recovery likely tobuild momentum in 2015 after the massive overcapacity of 2009-12 is absorbedmore fully,” the researcher added.
Chappellbelieves
