Ulla Tapaninen, Maritime Economics and Logistics for the City of Helsinki, turns our thoughts to how in Finland, the shipbuilding market is undergoing some change in this fascinating maritime transport analysis
The shipbuilding market is a market of fluctuations. When there is an economic boom, the demand and supply of raw materials get higher; and there is more to transport. Consequently, the demand for certain types of vessels grows and order books of shipyards get longer – and the prices of the new buildings increase. When the economy turns and demand decreases, suddenly there are too many vessels on the market and ships under construction are delayed or even cancelled. Consequently, there are lots of used vessels in the market at a much