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Carriers cancel, delay containership orders

Markets

Tuesday, March 19, 2013

Liner carriers Zim and Hapag-Lloyd both announced today that they were postponing or canceling containership orders. Zim said it had reached an agreement to immediately cancel orders for five vessels and postpone delivery of an unspecified number of others to 2016. The Israeli carrier also said it had an option to cancel four additional orders pending approval by shipyards. Zim did not provide details on the ships being cancelled or postp...

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