Credit not the key factor in newbuildings schedule

Norden boss says money still available

Michelle Wiese Bockmann - Wednesday 12 March 2008

CREDIT-related disruptions to the newbuilding delivery schedule for the swollen bulk carrier orderbook are unlikely, according to Norwegian shipowner Norden.

Chief executive Carsten Mortensen indicated that even though “the easy money was no longer available” to finance newbuildings, the credit crisis sweeping global financial markets ...

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