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Green Marine

about 17 years ago

Class NK: over 1,000 newbuild contracts cancelled

According to figures from Japanese classification society Class NK, as of April, over 1,000 newbuild orders around the world were cancelled. Class NK said it expected the number of cancellations to rise as the year progressed. It said that cancellations now extended to vessels that were tentatively

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According to figures from Japanese classification society Class NK, as of April, over 1,000 newbuild orders around the world were cancelled.

Class NK said it expected the number of cancellations to rise as the year progressed. It said that cancellations now extended to vessels that were tentatively reserved at shipyards and letters of intent for vessels to be built.

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