Shipowners join newbuilding dash as costly cyber rules loom

Cyber resilient regulation drives up newbuilding price

Shipowners will pay an extra $250,000 per ship if they ink newbuilding contracts from 1 July 2024. — Shipowners will pay an extra $250,000 per ship if they ink newbuilding contracts from 1 July 2024.Photo: PICSHADOW8672/Pixahive

Irene Ang

TradeWinds correspondentSingapore

Published 27 June 2024, 01:00Updated 27 June 2024, 09:57

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