Subscribe to RSS feedCancellations ease as owners alter delivery dates
by
Liz McCarthy, London
—
last modified
Nov 05, 2009 03:17 PM
THE PACE of newbuilding cancellations has slowed over the last four months, with only a 6% rise in terminated contracts, as owners prefer to delay vessel delivery dates instead.
Latest figures from Norwegian class society Det Norske Veritas show 599 ships comprising just under 46.5m dwt have now had their contracts terminated since the global financial crash began last year.
“If there are around 10,000 on order, it...
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