THERE may a lot of economic gloom out there, but demand for sale and purchase personnel at the moment seems to indicate that there are plenty of buyers waiting in the wings to pounce.
We at Spinnaker have heard there are plenty of shipping projects around with owners, funds and joint venture companies waiting to buy ships. Our sources suggest that there over 100 shipping projects doing the rounds at the moment. Some are targeting institutional investors because banks are now reluctant to provide funds or provide a hedging facility to get a project off the ground quickly.
If there is a plethora of what might be described as vulture funds being set up to snap up distressed assets, there is good news for S&P brokers who will be in demand to make them work.
If you are interested in hearing more about prospects and vacancies in this demanding market, give us a call.
