• BIST 95.852
  • Altın 190,976
  • Dolar 4,6622
  • Euro 5,4311
  • İstanbul 27 °C
  • Ankara 27 °C

Asian shipyards to deliver ships

Asian shipyards to deliver ships
Ship financier DVB Bank believes most newbuildings ordered at Asian shipyards will be delivered, despite the difficulties in raising funding.

Ship financier DVB Bank believes most newbuildings ordered at Asian shipyards will be delivered, despite the difficulties in raising funding.

Newbuildings ordered at Asian shipyards will be delivered, despite the difficulties in raising funding. Dagfinn Lunde, member of the board of managing directors for DVB Bank said the newbuilding orderbook due for delivery in 2009 had been financed, despite fears that it would not be.

He explained that as newbuildings were already financed by the yard constructing the vessel, if the owner could not afford then to pay the yard, the bank will be stuck with the newbuilding. Shipowners are also getting finance from export credit banks in shipbuilding countries.

So far in 2010 Lunde states that newbuilding deliveries have been seen every day and that cancellations have come largely from the yards where there was a failure as per the contract over terms such as delivery date.

He noted that it was not easy for owners negotiate with the South Korean yards even if they ordered newbuildings at ?horrible? prices as the values of some types of vessels have dropped by as much as 50% over the last 18 months. However owners have been able to negotiate delivery delays as yards seek to ensure they have work in future years as new orders dry up.

www.TurkishMaritime.com.tr

This news is a total 1551 time has been read
  • Comments 0
    UYARI: Küfür, hakaret, rencide edici cümleler veya imalar, inançlara saldırı içeren, imla kuralları ile yazılmamış,
    Türkçe karakter kullanılmayan ve büyük harflerle yazılmış yorumlar onaylanmamaktadır.
    Bu habere henüz yorum eklenmemiştir.
Other News
  • Havyard buyer nails10 March 2016 Thursday 15:02
  • Rolls-royce to supply LNG propulsion for fish food carrier09 March 2016 Wednesday 14:41
  • Step taken to build skilled workforce in shipbuilding19 January 2016 Tuesday 10:26
  • Canadian Shipyards May Lose Out on Navy Orders19 January 2016 Tuesday 10:21
  • Saga Cruises Confirms Cruise Ship Order at Meyer13 January 2016 Wednesday 10:22
  • Two more Sanmar tugs for Svitzer12 January 2016 Tuesday 11:14
  • ‘Living Stone’ keel laid12 January 2016 Tuesday 09:16
  • China builds second 'monster' ship11 January 2016 Monday 12:11
  • December defense contracts bring bounty to Ingalls Shipbuilding05 January 2016 Tuesday 11:37
  • Hyundai Heavy Sets USD 19.5bn Order Target in 201604 January 2016 Monday 11:24
  • All Rights Reserved © 2006 TURKISH MARITIME | İzinsiz ve kaynak gösterilmeden yayınlanamaz.
    Phone : 0090 212 293 75 48 | Fax : 0090 212 293 75 49 |