Shipyards compete with AI for engines

A familiar constraint from shipping’s last great shipbuilding boom is beginning to reappear: yards are short of engines.

“We’ve certainly heard that the availability of engines is having an impact on some yards, in terms of output,” said Adam Kent, who heads up consultancy Maritime Strategies International (MSI). “However, I think this is ultimately leading to delays and pushing out deliveries rather than yards not taking orders.”

Kent added that engine prices are helping support elevated newbuilding prices. Read more at Splash247.com