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Shipbuilding: Newbuilding prices edge up but no return to 2000s-style supercycle

Prices for new ships look cheap when compared to the last newbuilding ordering supercycle between 2006 and 2008

Shipbuilders face continuing labour shortages, local currency depreciation and greater complexity in vessel specifications at a time of increasing demand for new vessels. Nevertheless, government support can be assured for the few nations that still view merchant shipbuilding as a strategic industry

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