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Originally Posted by craneSpotter
How do you mean, slowdown? Seaspan is fairly diversified - shipbuilding is just part of their operations. Anyway they are hiring and laid blocks for the first Coast Guard ship.
The federal contracts should help bring their equipment and operations up to a global level.
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I appreciate ship building is just a part of what seaspan does. They are quite diversified.
Rumour on the street is the feeds had been slowing the ship building project down and stretching It out some. Helps balance the budget this year but at the cost of driving up the cost of the project
What would be good is to see is another "seaspan" emerge. I don't know perhaps the industry is so international these days that all we can hope for is a single major industrial ship builder on the west coast.
It is an industry that high wage economies (e.g., Japan, Germany, France, Norway) are able to sustain.