Subscribe to RSS feedPleas for delays on new ships fall on
by
Obsidian
—
last modified
Feb 19, 2009 12:00 AM
South Korean shipyards are refusing to bow to pressure from hard-pressed containership owners to cancel orders or cut prices, and are only very reluctantly agreeing to postpone some deliveries.
That is the message emerging after several weeks of hectic negotiations between owners and operators on one side and some of the world's biggest shipbuilders on the other.
The yards, with their legally binding contracts in place, are in no...
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