Southern European yards, in recent years, have benefitted from a geographical shift in tanker repair and maintenance work. Northern European yards are increasingly focused on higher value passenger ship and offshore vessel work rather than the mainstream tanker business, though of course vessels of this type continue to dock at yards in the north. Turkish yards are raising their profile and are set to increase their market share still further over the next few years. In 2011, Gemak shipyard ach....

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