The Motorship - Shipbuilding competition promotes efficient working - 0 views
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In order to compete in a crowded market, efficiency is the key to success in shipbuilding
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We spoke to Malaysian offshore specialist shipyard Shin Yang Shipbuilding to see how the company was faring in difficult times.
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Our recent orders over the past few years have come from returning customers in UAE and Malaysia.
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This article details how competition in the shipbuilding market is promoting firms to strive to be both market and energy efficient. The article relates to the economic concepts of market efficiency and theories of competition and monopoly. It also briefly relates to the concepts of externalities of production too, discussing measures imposed by governments like fuel sulphur limits.