CMA 2012: Bulker newbuilding values have fallen by $97bn
- Tuesday 20 March 2012, 16:36
IF ALL dry bulk carriers ordered in 2007 and 2008 at the height of the shipping boom were contracted at today’s newbuilding prices, values would be almost $100bn lower, indicating the huge amount of value that has been lost by shipowners in this overtonnaged market.Speaking at the CMA...
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