StealthGas plans no newbuilding orders for Eco PCs now as it is concerned about over-supply issue.
The company's CEO Harry Vafias said he recognized the benefits of Eco ships but will not order them now.
Everyone has to refrain from ordering more newbuildings in order for freight rates to improve significantly in the coming years, he explained.
He emphasized that the newbuilding orderbook is already large enough.
Published : November 21, 2012
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