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Normality returns to ship repair sector as owners adapt to Covid

THE ship repair sector is starting to normalise as both owners and yards have adapted to the new challenges arising from the Covid crisis, reports Hellenic Maritime New Wordwide

23 March 2021 - 19:00
THE ship repair sector is starting to normalise as both owners and yards have adapted to the new challenges arising from the Covid crisis, reports Hellenic Maritime New Wordwide.

Shipbroker Intermodal said that 'assessing the ship repair sector during the first months of 2021, we have come across a new era in which owners chose the shipyards to repair their fleet based on new parameters. Now, Covid restrictions are already adapted and absorbed. Owners are familiar with the difficulties and are prepared to manage them', said the broker's weekly report.



According to Intermodal's Vassilis Vassiliou from Interyards, 'owners insist on keeping a very big variety of choices for their repairs in shipyards across the globe, which is assisting them to be protected from unforeseen Covid events.



'At the same time, they are making their final choice based on parameters which are different case by case. Some owners value travel restrictions dealt with first. They do want their office personnel to attend their dry docks,' said Mr Vassiliou.



'In those cases, they are avoiding areas where government approval should be granted for entering the country, and quarantine time are compulsory. The same applies for specialised projects, where a lot of overseas service engineers are required, prompt mobilisation when new issues arise and risk for the unforeseen should be kept to a minimum,' he said.



Mr Vassiliou said that 'shipping companies with big fleets have an advantage on those travel restrictions since they could maintain office personnel stationed abroad, where repairs are being carried out, saving quarantine time and travel costs for the superintendents.



Other owners, with more flexibility on who will attend their repairs and those with a relatively young fleet and reduced scope, are choosing based on the prices, vessel's proximity to the yard, and best performance.


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