Bulker owners now return to Asia yards
by
Jim Wilson
—
last modified
Oct 22, 2009 03:30 PM
SHIPOWNERS have discarded concerns about the bloated orderbook, contracting an estimated US$2bn in bulk carriers over the last eight weeks, as shipyards drop newbuilding prices by 40% to boost cash flow.
The ordering resurgence after a protracted, 10-month lull...
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