SHIPBUILDING: DEMAND IS UP A LITTLE, PRICES ARE UP A LOT

This article looks at demand trends in the international shipbuilding industry as of mid-1988. It finds that the weak dollar has resulted in steep increases in newbuilding prices and that as a result, shipowners were satisfying their demand for new tonnage by buying up the ships that the yards had been building too cheaply since the late 1970s. Figures accompanying the text chart exchange rates against the dollar for several currencies; trace building prices for tankers, bulk carriers and combination carriers from 1970 to 1987; and show how Japan has been relentlessly slashing yard capacity to accommodate to conditions. In conclusion, the article states that the worst thing that could happen for the health of either shipping or shipbuilding would be to again flood the market with unwanted newbuildings.

  • Availability:
  • Supplemental Notes:
    • Journal article
  • Publication Date: 1988-6

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Filing Info

  • Accession Number: 00655653
  • Record Type: Publication
  • Source Agency: Maritime Technical Information Facility
  • Files: TRIS
  • Created Date: Jul 21 1994 12:00AM