Boxship newbuild orders fall victim to credit chaos

Unease grows over owners’ ability to meet payment schedules

Janet Porter - Thursday 25 September 2008

CONTAINERSHIP ordering activity has ground to a halt in the upper size brackets as credit dries up, but rumours that existing orders have collapsed after finance was withdrawn appear to be unfounded.

Market gossip over the past few days suggested that several prominent industry names had fallen foul of the banking meltdown and been forced to cance...

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