A cosco client in singapore cancels a order for two out of five vessles because they say that the market was in poor conditions. The chinese were dilevering the reamaning three vessles and it has been postponed all the way untill June, 2010. also on july another case simmeler to that happened, some one had stopped orders for eight vessles costing 313 million dollars and weighing 57,000 tonnes.OMG. To bad for the person who bought that because he still has to pay 80% of price for the remaining 3 vessles.
source:http://www.reuters.com/article/rbssIndustryMaterialsUtilitiesNews/idUSSIN36576420081203
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