Subscribe to RSS feedMore new ship gloom
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Obsidian
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last modified
Mar 26, 2009 12:00 AM
Newbuilding delays and cancellations are set to significantly increase as owners come under further financial pressure and vessel demand falls, Lloyds List reports.
In its latest Asia Shipbuilding report, London's HSBC banking group estimates that as many as 65% of the 104.5m dwt of dry bulk carriers on order for delivery in 2010 will be cancelled or delayed.
HSBC pointed to Cosco...
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