Subscribe to RSS feedBulk carrier cancellations up on classification estimates
CANCELLATION rates for dry bulk vessels on order at Asian shipyards are much higher than those reported by classification societies, according to Safe Bulkers chairman and chief executive Polys Hajioannou.
He told a third-quarter investor conference call that low orderbook cancellation numbers of 6%-7% were because not everything was immediately reported to classification societies or engine makers.
“The main problem the majority of these orders face is a lack...
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