Subscribe to RSS feedHöegh encouraged to scrap eight of its ships as steel prices rise
by
Craig Eason, Oslo
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last modified
Dec 18, 2009 11:16 AM
HIGHER secondhand steel prices are encouraging car carrier owners to consider scrapping older tonnage in China.
Norway’s Hegh Autoliners and a Japanese car carrier operator are believed to have signed deals to send at least 10 vessels to facilities in China last week.
Hegh’s head of shipping, Olav Sollie, confirmed that the company was in negotiations...
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