15 months ago it looked like the international shipyard industry was headed straight for the abyss. Today, the change from the record-high production levels in recent years to a more sustainable level looks more like a soft transition period.
Not least because the offshore industry to a large degree has replaced the traditional ship types in the shipyards' declining orderbooks with drilling rigs and other specilized vessels, concludes maritime organization Bimco in a new analysis of the state of the global shipyard industry.
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