Mr. Julian, can I add one thing? It's not only the shipbuilding industry that's jeopardized. It's the ship owners. On the east coast you have owners who operate offshore supply vessels. Norway operates one of the biggest fleets in the world. They have something like over 50% of the total world supply of offshore supply vessels. The North Sea is in a downtrend. They're looking for places to send these ships that were built with subsidies that have been written off. They could come in here and undercut any Canadian operator on the east coast for charter rates. It's not only the shipyards; it's the ship owners.
On March 3rd, 2009. See this statement in context.