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No time to enter the shipbuilding casino

It’s going to take more than price cutting by shipyards to get growth in the orderbook, writes our special correspondent

It’s been a tough year for everyone, but few have had it tougher than the sales departments of the world’s shipbuilders. With newbuilding orders down 65% on 2019’s not particularly inspiring total, the pressure is on to fill the gaping holes in shipyard delivery schedules once the current orderbook delivers. It’s all a far cry from the glory days of just over a decade ago when even the vaguest hint that a shipyard might be able to squeeze in an extra ‘early’ berth would be met with a flood of e...

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