Tue 27 May, 2008
| Posted in: Asian shipyards are moving to ensure stability of supply for crucial parts and equipment, in a move that will diminish their chances of contract cancellations or defaults, writes Mike Grinter in Hong Kong.
Shipowners are currently speculating that many of the estimated 2,500 dry bulk carriers on orderbooks won’t get built, amid rising fears a glut of deliveries from 2009 will lead to oversupply.
Among those talking down the market is high profile owner Sophocles Zoulas of...