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Old October 1st, 2002, 06:38 PM
norm norm is offline
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Join Date: Aug 2000
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Default Re: Diamond Princess Fire

Michael,

Thanks for the information.

The real economic impact obviously is in the potentially dissatisfied customers whose bookings might be affected (nothing certain, as there's still potentially enough time for the shipyard to meet the scheduled delivery with extra staffing). The shipyard (or their insurer) undoubtedly will take a bath on this one no matter what they do, but they probably suffer less by putting more manpower on the project and accelerating the recovery schedule in order to deliver the ship on time than by delaying delivery and eating the penalties that shipbuilding contracts typically contain in addition to the cost of the added work.

Norm.
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