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Report: $1.6 billion modernization of North Pacific fleet to ramp up soon

A much-needed fleet modernization in the North Pacific, valued at $1.6 billion, will eventually ramp up to five new vessels a year, a new analysis predicts

By Ola Wietecha | Nov. 30, 2016 16:30 GMT
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A new study predicts that a $1.6 billion fleet modernization in the North Pacific will continue to ramp up soon, with an average of three new vessels expected to be built or refurbished annually between 2017 and 2021. [...]

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