Thomas G. Ernst & Co.

The previous year brought one positive sector in shipping only

Happy New Year

Happy and Healthy New Year to all of you.

2015 presented us with only one successful shipping business:
8 years peak with one-year time charter rates for VLCCs at over $50,000 per day in December, with five-year deals now at over $35,000 per day and 358 new crude and products tankers ordered in 2015 !

Whereas the Project Cargo-, Container- and Bulkmarket develpoed very negative.