TradeWinds: Yard capacity cuts may hit VLCC orders

30 March 2017: “George Belesis, a sale-and-purchase broker at Poten & Partners, says shipyards were eager to fill berths emptying out over the next 18 months, which led to the low prices offered on newbuildings. But further discounts will be more difficult to achieve as current prices may be below break-even levels for shipbuilders.”

 

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