At the same time, the ships are built for a specific purpose, and are essentially lame ducks without the products Matrix and its competitors provides. Building them involves long lead times, and so there are a decent number of committed ships to underpin a portion of their earnings for a few years going forward. My uneducated guess is that one or more of their competitors will eventually either exit the industry or possibly be bought out by Matrix themselves.
Ann: Half Yearly Report and Accounts, Dividend, Buyback, page-11
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