Crisis over for Norwegian shipbuilding industry

Jan 08, 2005 01:00 AM

The crisis in the Norwegian shipbuilding industry is apparently over. In 2004 Norwegian yards received orders worth altogether NOK 12 bn.
This is a positive change from four years with lack of orders, leaves and dismissals.

The main reasons for the improved times are a revival of the oil market, increasing world trade and increased activity in China.
Norwegian yards are experts on building ships for the offshore industry, and most of the new orders are for offshore vessels. However, also ferries, chemical tankers and fishing vessels are on the list of orders. But some of the smaller yards still face grave problems.

Source: NRK/Aftenposten
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