Subscribe to RSS feedNew vehicle ships face long-term parking
Shipowners face the prospect of placing vehicle carrier newbuildings directly into lay-up as new car sales slump, with those that ordered tonnage on a speculative basis during the recent boom staring at a miserable future unless they can wriggle out of contractual obligations.
A considerable number of pure car and truck carriers are already idle because of the extended factory closures over Christmas.
Operators expect to decide in the coming days whether to fully demobilise some ships once they have a clearer...
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