Wed 16 Apr, 2008
| Posted in: The soaring cost of steel is placing shipbuilders under pressure to raise newbuilding prices even as demand for tonnage is easing after last year’s feverish pace, writes Tony Gray.
Seemingly oblivious to the impact of the credit crunch, the growth in steel demand is forecast to continue at historically high levels this year and in 2009.
After the price of oil broke through $100 a barrel, Norwegian shipbroking house Lorentzen & Stemoco says that steel, the world’s...