Order cancellations to accelerate

Failed contracts will also hit long-established yards

Marcus Hand - Thursday 20 November 2008

NEWBUILDING order cancellations are predicted to accelerate, affecting all ship types and hitting established yards as well as greenfield developments, the Maritime Indonesia conference in Jakarta has been told.

Classification society officials and brokers told delegates that they were seeing an increasing trend of newbuilding order cancellations....

The rest of this article is only available to Lloyd’s List Library subscribers

Already a subscriber? Log in below


Forgotten your password?