Independent journal on economy and transport policy
19:04 GMT+2
Japanese shipyards getting a boost from weaker yen
(Shipping Times)
March 26, 2001
70% of contracts in US$, so strong yen can hit profitability
[TOKYO] Japanese shipbuilders should benefit from a weakening of the yen against the dollar although orders have slipped by more than a tenth so far this year, the Shipbuilders Association of Japan said.
In January and February, Japanese shipyards won orders for 1.1 million compensated gross tonnes, ...... Read more on Shipping Times
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