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Cut in shipbuilding capacity needed

Having too many yards competing for too few orders is not as wonderful as shipowners think

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Shipyards face one of their toughest years in recent history, even as they try to adjust to new economic realities, said a paper presented at the Posidonia shipping event in Greece.

SHIPYARDS face one of their toughest years in recent history, even as they try to adjust to new economic realities, said a paper presented at the Posidonia shipping event in Greece.

This is bad news for shipbuilders, though many in the Greek and Asian shipowning communities will no doubt

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