Shipyards face cancellations over weak freight market and interest rate hike
Growing financial burden said to pose a threat to owners’ ability to pay for orders
Yards have built up a large order backlog, with deliveries scheduled up until 2026. This means that construction of most vessels on order will start in the next two years, when buyers will start to pay the remaining ship price
If content does not display, please refresh your browser.
Subscribe
Not ready to subscribe? Sign up for free articles and daily news updates.
Sign Up For Updates