Vessel modernization projects are known for being fast-paced and deadline-sensitive, and delays due to materials with long lead times are not uncommon. But there are ways to work around them and minimize the risk and damage.Ship modernization projects are typically extremely hectic from the moment when we hear about a potential project. A typical newbuilding project has project phases in the following order: sales and quotation, initiation, planning and preparation, executing, and closing.
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