Showing posts with label STX Shipyard France. Show all posts
Showing posts with label STX Shipyard France. Show all posts

Friday, December 28, 2012

American cruise line gifts billion dollar ship-building contract to French yard

Miami based Royal Caribbean Cruises, operator of some of the biggest cruise ships in the world, is on a building spree. And where are they building the new boats?

Some pathetic low wage country like China?

Wrong!

Some middle-tier industrial power like South Korea?

Wrong!

Some supposedly de-industrialized European high-wage country where pay and benefits outstripped those in America a generation or two ago?

Bingo!

How is such a thing even possible?