Norwegian owners have cancelled 41 vessels so far this year, to a total value of NOK 12 billion. And further cancellations are under negotiation, according to Bergens Tidende. 30 of the cancelled vessels were ordered at foreign yards, while the other units were ordered at Norwegian yards.
The global freight market is in a bad condition at the moment, which also affects Norwegian shipping companies, says Gunvor Aakvik at the Norwegian Shipowners' Association.
The global freight market is in a bad condition at the moment, which also affects Norwegian shipping companies, says Gunvor Aakvik at the Norwegian Shipowners' Association.