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05 April 2020 The on-line newspaper devoted to the world of transports 18:19 GMT+2

July 7, 2005

Shipbuilders expected to see loss this year

Domestic shipbuilders are expected to report a loss for the first half of the year due to a big gap between agreed ship prices and high material costs.

Since ship prices are set two to three years prior to delivery, the amount of profit is reduced when costs increase unexpectedly after the deal is signed ......
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