Shipbuilding might be a problem - but not for the UK cruise market

There is an interesting tension, says Tim Hames to PSA director William Gibbons in the questions after this morning's cruise session, between the 'sky is the limit' view of cruise and the limited number of places that build cruise ships. Might there be a capacity bottleneck from that quarter?

"All sorts of complexities are involved in building a ship," admits Gibbons (still more in building one of these futuristic ones, I'll wager, which we get another look at on the screen). But it's not we in the UK who need to worry: "If we look at the UK market in terms of capacity constraint, we're getting more US ships coming over ... we're getting a lot of capacity from existing ships - so we are growing. It's the American market that is at risk of slowing down."

An interesting follow up question? Okay: how long-term a view is this?