Exact(58)
And shipowners are up in arms.
The law permits state inspectors to fine shipowners for violations.
But many have abruptly stopped lending money to shipowners.
But this kind of attitude infuriates the world's shipowners.
Many shipowners argue that such solutions are still prohibitively expensive.
In 2012 shipowners issued lots of bonds; last year saw a spurt of share offerings.
That has angered shipowners, who criticise the ITF for ignoring market realities.
Amid rumours of backing from wealthy shipowners, it has succeeded in opening party offices across Greece.
Shipping operates with an extra lag since shipowners respond to higher commodity demand.
Like other Chinese yards it kept adding capacity as demand from shipowners weakened.
Underwriters and shipowners may be saving the champagne for the closing ceremonies.
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