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i agree with you there.It's not the government shutting the factory down though Dave.
It's not the government shutting the factory down though Dave.
I mean there's a Guardian piece with Sir John Parker, former CEO of Harland and Wolff saying that back in the 80's he predicted a market for making cruise ships, which tend to be higher margin constructions. What's baffling however is that rather than blaming himself for not restructuring his business accordingly, he blames the government for not doing it for him.
No wonder the industry is in a pickle.
"One of my big industrial disappointments or even failures is that I failed to persuade the government of the day that there was a big future in building cruise ships. Whoever used run-of-the-mill bulk carriers or tankers drifted to the lowest-cost country. So how you survived in higher-cost countries was more sophisticated ships like cruise ships. I saw that there was going to be a lot of growth in cruise ship building so we demonstrated that this was a real growth industry. And nearly 25 years on, those forecasts would have underestimated the demand."
It's not the government shutting the factory down though Dave. If the yards were as exceptional as some folks would have you believe, then they'd no doubt have lots of customers from overseas and wouldn't be in this situation. The reality is though that their only customer was the British government.
So the taxpayer should continue funding ships it doesn't need, just to keep an industry that has not managed to secure a single external client alive? That's madness.
So the taxpayer should continue funding ships it doesn't need, just to keep an industry that has not managed to secure a single external client alive? That's madness.