Baird Maritime and Work Boat World Magazine’s Neil Baird says Australian shipping has become a “no-go” for investors.
Prior to the election, Labor promised it would establish a fleet of up to 12 Australian flagged and crewed merchant vessels.
“Australian shipping has become a no-go area for investors, particularly experienced ship owners,” Mr Baird told Sky News host Andrew Bolt.
“No ship owner in his right mind will invest in Australian coastal shipping, apart from to Tasmania.
“Certainly not for international shipping.”
