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Corporate hedging


Times are hard for ship buyers in Asia. Given the massive demand for new tonnage, shipowners in Asia say they are having trouble securing more berths and tonnage at a reasonable price, as shipyards are at full capacity, says an official at Korea's Hanjin Shipping. "With global shipyard capacity booked well into 2010, shipbuilding is a seller's market," says research from Nomura on Korean shipbuilding dated June 8. As a result, shipbuilders can now pretty much pick their own terms for delivery

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