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You are here: Home → Archive → 2009 → November → Weekly Edition 19th November 2009 → Yards feel the pinch as owners forego repairs

Yards feel the pinch as owners forego repairs

by Craig Eason, Oslo — last modified Nov 19, 2009 02:41 PM

SHIPREPAIR facilities are struggling to gain more than minimal levels of work from shipowners desperate to cut costs during the downturn

Shipowners and managers are cutting the specifications for work to the bare minimum to meet class requirements for safety and foregoing any extra work, according to representatives from the repair yards.
Despite its record year in 2008, this year...

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