Drewry Says Shipbuilding is Strong, but Future is 'Bleak'
Shipbuilding production levels have remained at record high levels for two consecutive years (2010-2011), and 2012 is forecasted to remain close to 2011 levels, said a report by Drewry Maritime Research. But it said that could tail off in 2014…
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and beyond, because over-tonnaging and large operating inefficiencies mask the true levels of fleet under-utilization. The order book is dominated by bulk carriers and containerships, two areas facing the worst over supply, the report said. "The immediate prospects for the shipbuilding industry are therefore bleak," Drewry said.