Massive cost overruns on US containerships

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Cost overruns on Kvaerner Philadelphia shipyard?s three 2,890 TEU containerships will amount to a whopping $28 million (NOK200 million) per ship. The first ship, which Matson Navigation will operate, will also be delivered one month late, confesses the US yard?s Norwegian parent Aker Kvaerner. In a statement the company acknowledges ...

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