by bhale849 » October 7, 2010, 7:09 pm
Frankenmm, it's not inevitable that the Windoc hull will go for scrap now that the 25% Duty has been rescinded. Nor is it necessarily true that a lot more ships will go to scrap. ULS, Algoma Central Marine, and CSL are in business to make money, not to collect new ships. If upgrading & operating the old ships (that includes putting a new or used stern on the Windoc forebody) can get those companies more profit than buying expensive newbuilds (even if built in China, new ships aren't cheap) and running them; the shipping comppanies will continue to run the old ships as long as they produce a profit.
Frankenmm, it's not inevitable that the [i]Windoc[/i] hull will go for scrap now that the 25% Duty has been rescinded. Nor is it necessarily true that a lot more ships will go to scrap. ULS, Algoma Central Marine, and CSL are in business to make money, not to collect new ships. If upgrading & operating the old ships (that includes putting a new or used stern on the [i]Windoc[/i] forebody) can get those companies more profit than buying expensive newbuilds (even if built in China, new ships aren't cheap) and running them; the shipping comppanies will continue to run the old ships as long as they produce a profit.