Stocks that Float: TANKERS & DRY BULK SHIPPERS

[xanadu90]

There has been quite a lot of cancellations of newbuilds this year.
Take a look at StarBulks report from November 2008 - page 14 - where they list in all 335 vessels cancelled by now.

http://starbulk.com/files/sblkpres1108.pdf

Some specialists say, that a big part of ships, which should be delivered after 2009, will be cancelled. All ships built in 2009 will come to the market - they cannot be cancelled any more -, but after that the orderbooks will shrink considerably.

Who knows. Rumours are circulating that many shipyards will go bankrupt (Pipavav!), and if the economies do not start recovering soon, massive cancellations will happen.