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You are here: Home → Archive → 2009 → Mar → 19 → HSBC predicts 65% cancellation of dry bulk newbuildings

HSBC predicts 65% cancellation of dry bulk newbuildings

by Obsidian — last modified Mar 19, 2009 12:00 AM

by Lloyd's List in London 10:37AM, 19 Mar 2009

Newbuilding delays and cancellations are set to significantly increase as owners come under further financial pressure and vessel demand falls.

In its latest Asia Shipbuilding report, London's HSBC banking group estimates that as many as 65% of the 104.5m...

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