Jun. 19 at 12:55 AM
$ZIM But what about ZIM?
Current shipping boom is being compared to the 2000s Supercycle.
Rates and asset values are sky high, as they were two decades ago.
According to Matthew Freeman, vice president of valuation and analytics at Veson Nautical, VLCC asset values are getting close to the 2000s peak and LR2 values are higher. “We have surpassed, in some ways, the 2008 supercycle,” he said