Hosco chief urges united action to scrap old ships

By Keith Wallis in Hong Kong - Monday 11 May 2009

SHIPOWNERS need to take collective and concerted action to scrap older vessels that are more than 23 years of age in an effort to revive troubled shipping markets, the head of one of China’s largest private shipowners said.

Hebei Ocean Shippingchairman Gao Yanming told Lloyd’s List: “The number of old vessels that are scrapped ...

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