Subscribe to RSS feedConference told, newbuilding pressure pits owners against yards
by
Nigel Lowry, Athens
—
last modified
Oct 15, 2009 03:04 PM
TENSIONS between shipowners and shipbuilders are likely to mount in the months ahead as the shipping industry becomes ever more desperate to wipe as many unwanted newbuildings as possible off the orderbook.
“Yards must be flexible and accept cancellations,” Evangelos Marinakis, a leading Greek shipowner said.
“It must happen, and the sooner they realise it the better it will be for the industry.”
Mr Marinakis, chairman of the Capital Maritime...
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