As ship prices have sunk due to the persisting slowdown in the global freight market, Apeejay Shipping is on an acquisition spree. Shipping companies world over place orders for new and second-hand ships, with asset prices just beginning to claw up from their record lows.
Tag: Apeejay Shipping
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Apeejay eyes shipping business to gain
Expecting momentum in global seaborne dry bulk trade, Apeejay Shipping has just bought ships hauling coal, iron ore and grains. It is also looking to foray into tanker, dredging or the OSV segment as business propositions in these segments improves.