Independent journal on economy and transport policy
19:37 GMT+2
No dramatic upturn in building rates is seen after next year
(Shipping Times)
December 17, 1998
By David Hughes
THE two multi-ship tanker orders in this week's list could be taken to mean that newbuilding prices are now as good as they are going to get as far as owners are concerned.
Bacolitsas is understood to have booked its ships at about US$24.5 million (S$40.4 million) per vessel while Tsakos's larger tankers are put at about US$30 million each. ...... Read more on Shipping Times
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