Independent journal on economy and transport policy
19:30 GMT+2
Newbuilding orders may have peaked despite very low prices
(Shipping Times)
June 18, 1998
By David Hughes
SOME hefty contracts feature in this week's newbuildings list. Two VLCCs for independent owners reflect, at a reported US$77 million (S$134.75 million) apiece, the very low US dollar prices the South Korean yards are able to offer these days. Nobody, despite the occasional rumour of ULCC projects, builds tankers much over 300,000 dwt.
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