INTERTANKO to participate in OECD Working Party 6 on Shipbuilding
On 21 June, Paris INTERTANKO will be represented at the Organisation for Economic Co-operation and Development (OECD) Working Party 6 (WP6) on Shipbuilding 21 June in Paris, which will be a special session on market-distorting factors.The purpose of this special session of WP6 is to allow a back-to-basics review of factors that can distort normal competitive conditions in the shipbuilding industry. This will allow participants to explore some fundamental issues about the shipbuilding market, and to discuss market distorting factors from different perspectives.INTERTANKO is invited to provide input on a session on the current status of the shipbuilding industry and its susceptibility to distortion, which will include:Following the 2008 economic downturn, is the shipbuilding industry performing well, or declining? What is the expected supply/demand balance in the short-term? Is shipbuilding facing a significant overcapacity problem in the near future? Is shipbuilding more, or less, susceptible to distortions than other industry sectors? Do regular boom-bust cycles exacerbate the risk of distortions in the market? If there is overcapacity in the industry, can this act as a catalyst for distortion in the market?Since its creation in 1966, the OECD's Council Working Party on Shipbuilding has addressed factors that distort normal competitive conditions ...
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