A 15-year Boom Cycle in Shipbuilding Industry Coming
It is the time to consider when shipbuilding industry can restore its growth rather than possibilities to receive new ship orders. A 15-year-or-so boom cycle in shipbuilding industry is again on its way. Boom cycle in shipbuilding industry usually include a 5-year boom and a 10-year recession. Recently, ship rents and prices both have been at favorable levels and good news were heard from ocean engineering equipment market. Therefore, it is estimated that orders in the last half year of 2017 and the first half year of 2018 will increase.…
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