Navi Mumbai, Maharashtra India (PressExposure) September 25, 2007 -- Bharat Book Bureau, a leading market information aggregator has put forth a report â Shiprepair ([http://www.bharatbook.com/detail.asp?id=26021])
With most shipping companies cash-rich and global demand for shipping high, shiprepair yards have little to worry about in the short to medium term. Or have they?
Drivers and influences on shiprepair demand The ship conversion market Shiprepair facilities â the supply side of the equation Shiprepair and maintenance costs and economics
Industry issues Shipyard agents This ought to be a healthy time for shiprepairers... Owners lately have been more concerned with minimising off-hire time than repair costs Owners have working vessels to the maximum and deferred class-dictated repair time to maximum permitted time allowances Voyage repairs and other maintenance work may be being deferred to a later date
Newbuild prices are high potentially creating increased demand for ship conversions But on the other hand... The demand side of the equation, has not been typical in recent years particularly with high growth in China and India. Any economic downturns in China could spell disaster for most shipping sectors. Low levels of demolition coupled with fleets having to absorb high numbers of newbuilds.
Like all sectors, shiprepair is conditioned by the interplay of: Demand Supply Underlying costs and economics Market-affecting issues and external influences
For more information, Please visit : [http://www.bharatbook.com/detail.asp?id=26021]
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