The Seatrade study, downloadable as a Whitepaper, reveals that 65 ships – over 16% of the global fleet – underwent refits and refurbishments of varying scale and complexity between January and the end of December, 2016.
The wave of newbuild orders of the past two years has created an unprecedented demand for existing ships in the global cruise fleet to be upgraded to match the innovation and quality of the ships being introduced.
The report details which cruise lines are spending how much on which ships, and at which shipyards. It also highlights how the trend for fleet revitalisation is impacting shipyards around the world.
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