Independent journal on economy and transport policy
01:33 GMT+2
Steep rise in orders despite depressed freight rates
(Shipping Times)
November 4, 1999
By David Hughes
YET again we have seen a number of very substantial orders announced over the past fortnight. A number of owners are taking the plunge by committing to very large crude carrier (VLCC) newbuilding orders despite the currently depressed freight rates being achieved by large tankers.
Large container ship orders also continue to be reported ...... Read more on Shipping Times
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