Supply snags for lubricants and paint caused by the US-Israeli war on Iran are hitting shipbuilding and threatening businesses with a cost squeeze at a time of historical order backlogs, Japanese yards have warned.
Imabari Shipbuilding, Japan’s largest shipbuilder, warned last week that rising costs and tightening availability of materials derived from petroleum were already complicating construction of new vessels.
“Starting with marine equipment manufacturers, disruptions are beginning to occur in the supply chain for new shipbuilding,” said chief executive Yukito Higaki at the Sea Japan trade show in Tokyo. “Supply problems have already arisen for items such as marine fuel oil, lubricating oil and paint.”
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