Subscribe to RSS feedChina looking to buy cancellations
Chinese bulk operators such as China Shipping Development and Sinotrans Shipping could be encouraged by Beijing to take on some of the vessels cancelled by foreign owners to support Chinese shipyards.
Macquarie Research analyst Jon Windham estimated that more than 50% of the vessels on order at Chinese shipyards are from European customers and are at significant risk of cancellation.
He said that China Shipping Development and state-owned shipping enterprises...
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