Hard times
ahead
despite
heavy
orderbooks
The shipyards are feeling the
effects of the financial crisis. As the customers are more
and more likely to sit on their
wallets than go cruising the
seven seas, the demand for
luxury cruise ships has dropped. Subsequently the cruise
lines have become very cautious about placing new orders. Thankfully, however, the
major shipyards have handsome backlogs to help them
through the tough times.
6
seatec 1/2009
Photo: STX Europe
SHIPYARDS
AT CROSSROADS