Wednesday, June 14, 2017


Not sure how long the shipyard we visited will remain open for. It seems the Chinese, South Koreans and other bigger players would be able to make these ships at a lower cost, with savings being passed  on to the customer. They have to figure out a way to remain competitive and innovate within the industry in order to survive long term, but they have less resources than the big players to invest in R&D. With a backlog of 9 ships and market share of 3-5%, they have an uphill battle. Time will tell....

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