The 1980s may offer fewer opportunities for shipowners to obtain ship repair work at quite the bargain basement prices that have been around in the last few years. In the Far East, Singapore has raised its prices and the Japanese yards seem to be moving increasingly towards a position where they would prefer to repair a smaller number of ships--but at a profit. In Europe there are signs, very notably in the UK, that Governments do not find the subsidization of ship repair quite such an attraction as they did a year or so back. In the USA, of course, repair yards have always been in the business to make an honest profit rather than to provide employment opportunities as a philanthropic gesture. There has been quite some investment in the US repair industry of late. This is continuing, and a return on that investment will be expected. None of this means that shipowners will cease to get value for money. It is an indication, though, that prices must become more realistic. Fewer yards are going to be in a position to "buy" work. If the shipping industry is unable to sustain a more realistic ship repair price level, we can expect to see more redundancies and more ship repair yards closing down. In providing the schedules of ship repair costs in the article the Salvage Association figures are based on a specification priced by its representatives in the areas concerned on the basis of average prices being encountered during negotiations in their particular area. This cannot take into account the wide variations in the size of vessels and it is obvious that the largest vessels can only repair in a limited number of ports and even in those ports only very major repairers would be able to handle work on such ships. It is extremely difficult to find like to compare with like on a worldwide basis though it is possible to obtain consistently accurate results within any one area.

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    Intec Press Limited

    3 Station Parade
    Whyteleafe, Surrey,   England 
  • Publication Date: 1980-1

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Filing Info

  • Accession Number: 00310202
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Apr 22 1980 12:00AM