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Fayard: Fierce price war among shipyards

The workload for the offshore industry has been exaggerated, says Fayards’s CEO Thomas Andersen. “There is a price war going on,” he says.

Photo: Foto: Carsten Andreasen

Shipyards in the Baltic Sea region and Northern Europe are locked in a fierce battle for orders within offshore and ship repairs, says CEO and owner of Fayard on the former Lindø yard, Thomas Andersen. He calls it a real price war brought on by an abundance in shipyard capacity.

“The market is under a lot of pressure, but, as far as our own company is concerned, we have seen a sound development up until October. And even though we are approaching a couple of weak months and we emerge from 2013 with a smaller turnover, we can present a significantly better result than in 2012,” Thomas Andersen tells ShippingWatch.

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