One word: oversupply. Too many ships were built before the 2008 global economic crisis. This drove down shipping rates, forcing the industry to scale back. The effects are still being felt. This week, a Finnish shipbuilder said it would close a yard that employed 700 workers.
One word: oversupply. Too many ships were built before the 2008 global economic crisis. This drove down shipping rates, forcing the industry to scale back. The effects are still being felt. This week, a Finnish shipbuilder said it would close a yard that employed 700 workers.
