A year ago, the demand for new-builds was weak. Despite this, shipyards, particularly in the Gulf of Mexico, showed their confidence in the future by launching facility upgrades and expansion projects.These yards were positioning themselves for the future by making their operations more diversified and flexible. Now, with some economists saying the odds are 50-50 that the U.S. will see a double-dip recession, shipyards remain amazingly optimistic. As senior editor Ken Hocke reports in his annual shipyards review (see page 49), yards all over the U.S.
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