Korea: Governments Stop Supporting Yards!
Source:Asiasis
2012.12.03
608
Governments support for shipyards is causing havoc to shipping industries amid overcapacity.
BW Maritime CEO Andreas Sohmen-Pao said at the Singapore Maritime Institute conference on November 30.
He said, "Excess capacity obviously creates waste in material terms. It also takes pricing down to a level where it bears no relation to the economic cost of providing that service, let alone the environmental cost."
Also, he was sceptical about eco-design ships.