Difficulties ahead for Norwegian shipbuilding industry
The Norwegian shipbuilding industry is facing a difficult future, with few new orders on the books and the looming threat of mass lay-offs. Representatives for the industry meet to discuss the situation.
According to Norsk Indutri chief Egil Holland, the situation is worse than it has been for a long time, Norway Posts writes, citing NRK.
In the top year of 2006 the industry had contracts for 85 newbuildings. This year they have entered into contracts for only 6-7 new vessels.
The new Norwegian Minister og Industry Trond Giske has ordered the Guarantee Institute and other financing institutions to present within three weeks concrete plans for how the crisis in the shipbuilding industry may be softened. Giske is due to meet with representatives for the industry on Tuesday to discuss the crisis.
